E&S/Specialty Business

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  ‘Do-It-Myself’ Attitude May Undermine Retirement Security

  By Sam J. Friedman, Val Srinivas  |  May 24, 2013

  A large majority of Americans prefer to “do-it-myself” when putting together a retirement savings and income plan, which may be a major reason why so many feel insecure about their financial future, according to a survey by Deloitte.

• Chubb Takes Advantage of Recent Law; Will Write Surplus-Lines Business in Home State

  By Arthur D. Postal, PropertyCasualty360.com  |  May 24, 2013

  Chubb has gained authority to write surplus-lines-insurance business in New Jersey, its own state--an apparent new trend.

• Heard at AAMGA: Rates Firming, but Slowly; Risks Returning to E&S

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 24, 2013

  Burns & Wilcox CEO Alan Kaufman says the wholesale broker is writing more business, and insurance pricing is increasing, but market capacity and the economy are impeding the rate of incline.

• House Enters NFIP Rate-Hike Battle with Bill to Delay Some Reforms

  By Arthur D. Postal, PropertyCasualty360.com  |  May 24, 2013

  Before going home for Memorial Day, Louisiana House members Thursday introduced legislation aimed at forestalling major increases in flood program rates starting next year.

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  Citizens Taking 'Bold Yet Responsible' Depopulation Step

  By Barry Gilway  |  May 24, 2013

  Citizens Property Insurance Corporation’s Board of Governors this week took a bold yet responsible step to reduce the risk to Florida taxpayers while protecting Citizens policyholders in the event of a catastrophic storm.

• Under Pressure, Landrieu Again Seeks to Block NFIP Rate Increases

  By Arthur D. Postal, PropertyCasualty360.com  |  May 22, 2013

  Sen. Mary Landrieu, D-La., late Tuesday introduced legislation that would roll back a number of National Flood Insurance Program reforms passed last year.

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  10 Steps to an Effective Catastrophe Response

  By Carol Laufer, Lori Brassell-Cicchini  |  May 22, 2013

  How a company responds to a disaster and how the public perceives that response can have a significant and lasting impact on its business. Read 10 steps to an effective response - before it's too late.

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  All About Tornadoes

  By Phil Gusman, PropertyCasualty360.com  |  May 21, 2013

  Tornadoes have caused $97.8 billion in insured losses in the U.S. between 1990 and 2009, making these weather events second only to hurricanes for that period as the costliest natural disasters. Learn about the damage caused to the U.S. in recent years from these weather events.

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  Battle over NFIP Rate Hikes Causes Ripples in Louisiana Senate Race

  By Arthur D. Postal, PropertyCasualty360.com  |  May 20, 2013

  The battle over rate hikes imposed on flood insurance program policyholders in Louisiana is intensifying, with the big prize being the Senate seat now held by Mary Landrieu, D-La.

• S&P Cuts Rating for Buffett's Berkshire Hathaway

  By Jennifer Ablan, Ben Berkowitz and Jonathan Stempel, Reuters  |  May 17, 2013

  Warren Buffett's Berkshire Hathaway Inc. had its credit rating cut one notch by Standard & Poor's, which cited a new methodology for evaluating insurers and Berkshire's dependence on its insurance business for dividend income.

• Endurance Hires Team to Start Excess Casualty Unit

  By Staff Writer  |  May 16, 2013

  Bermuda's Endurance Specialty Holdings says a new Excess Casualty team is joining the insurer.

• LIU Launches New Marine BOP

  By Staff Writer  |  May 15, 2013

  Liberty International Underwriters has launched a new policy to cover marine liability and property-related risks for small and mid-size marine businesses owners and operators.

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  Auto Recalls Likely Won’t Impact Insurance for Manufacturers

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 15, 2013

  A series of car recalls to hit the automotive industry this spring, including investigations of models created by Ford, Chrysler, Chevrolet and Toyota, is unlikely to impact auto manufacturer’s insurance rates.

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  DeWitt Stern Designs Super Bowl-Related Cancellation Policy for NY Metro Area

  By Chad Hemenway, PropertyCasualty360.com  |  May 15, 2013

  Insurance brokerage DeWitt Stern has come up with a way for businesses looking for a big payday from the 2014 Super Bowl to protect expected revenues.

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  AAMGA No More: Association Expands Membership, Changes Name

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 14, 2013

  The American Association of Managing General Agents says it plans to open membership to the entire wholesale insurance community and is changing the association's name for the fourth time in its history.

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  Doesn't Matter How West Fertilizer Dangers Were Revealed

  By Chad Hemenway, PropertyCasualty360.com  |  May 14, 2013

  Will all the points regarding holes in insurance requirements, workplace safety, risk management, oversight, and land-use planning persist against a backdrop of what could be a criminal act?