Insurance: Guidelines For a More Ethical Industry

Friday, January 11, 2013

PHILADELPHIA (Jan. 11, 2013) – From the Enron failure of 2001 to the mortgage meltdown of 2007, scandal has pervaded corporate America for the past decade. The insurance industry, which touches everything from household to global commerce, has also had its share of ethical oversights during this period. Ethics in the Insurance Industry, an upcoming symposium for local insurers at Saint Joseph's University, will tackle difficult topics often faced by those in the industry and share best practices.  

"Catastrophic events like the tropical storms and hurricanes that have pounded the U.S. Atlantic and Gulf coasts since 2004 have thrust coverage issues into the spotlight and hurt the reputation of the insurance industry," says Mike Angelina, executive director of Saint Joseph's Academy of Risk Management and Insurance.

Unanticipated natural disasters, health insurance coverage issues, and financially-challenged insurers are nightmares for everyone affected. During these events, many insurers are challenged to use their judgment to make tough, ethical decisions.

"The purpose of this symposium," according to Angelina, "is to elaborate on these situations and share how the right decision, often times a difficult one, can have a significant impact on an organization's reputation and bottom line."

Ethics in the Insurance Industry will be held on campus in Mandeville Hall's Wolfington Teletorium from 8:30 a.m. – 12:30 p.m. on Friday, Feb. 8. The half-day seminar will count as four hours of continuing education for professionals. The cost is $79 to attend.

Featured speakers include senior executives from the insurance industry, corporate risk managers, brokerage firms, and Pennsylvania Department of Insurance.

To register, visit: www.sju.edu/int/academics/hsb/resources/rmi/ethicsininsuranceindustry/in....

Media Contact

Carolyn Steigleman, Director of Communications, Haub School of Business, 610-660-1355, csteigle@sju.edu


Background

As Philadelphia's Jesuit Catholic University, founded by the Society of Jesus in 1851, Saint Joseph's University provides a rigorous, student-centered education rooted in the liberal arts. With a Phi Beta Kappa chapter in the College of Arts and Sciences and an AACSB-accredited Erivan K. Haub School of Business, Saint Joseph’s ranks as a top university in the Northeast. Offering courses on campus and online, SJU prepares its more than 9,000 undergraduate, graduate and doctoral students to lead lives of personal excellence, professional success and engaged citizenship.



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