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

Founded in 1851 in the Jesuit tradition of academic excellence, Saint Joseph’s University is a top-ranked Catholic University that provides a rigorous, student-centered education. With a total enrollment of 8,500 undergraduate and graduate students, SJU offers a wide-array of academic programs designed so that each graduate enters the world with a competitive resume and global perspective. This is achieved through intense academic study led by thought-leading faculty scholars, a comprehensive campus experience and robust study abroad, service-learning, internship and co-op programs. Upon graduation, nearly 100 percent of students are employed, pursuing advanced degrees or volunteering in prestigious service programs. A member of the Atlantic 10 Conference, SJU offers 20 Division I intercollegiate men’s and women’s sports. SJU alumni – over 60,000 strong - provide a powerful network that spans the globe.



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