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• An Underrated Supply-Chain Concern: Cyber Events

  By Anya Khalamayzer, PropertyCasualty360  |  May 8, 2013

  Two-thirds of cyber events are the fault of third-party businesses that outsource services for the victim, showing that business interruption no longer solely concerns physical assets susceptible to natural catastrophes and other disasters.

• Louisiana Senators Push for Delay in NFIP Rate Hikes

  By Arthur D. Postal, PropertyCasualty360.com  |  May 8, 2013

  Louisiana’s two senators are proposing an indefinite delay to flood insurance premium hikes mandated by legislation enacted in 2012.

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  CFA's Hunter, I.I.I.'s Hartwig Spar on Need for TRIA Renewal

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 8, 2013

  In the latest war of words over the future of the Terrorism Risk Insurance Act, the president of the Insurance Information Institute accuses the Consumer Federation of America of being anti-consumer for its opposition to an extension.

• S&P Upgrades AIG P&C; Affirms Life Rating

  By Staff Writer  |  May 7, 2013

  Standard & Poor’s has upgraded American International Group P&C business financial strength rating one notch to “A-plus” and affirmed the “A-plus” rating on the its life business citing the successful restructuring of the company over the past two years.

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  Protect a Priceless Baseball Card Collection

  By Laura Packard  |  May 7, 2013

  A 1909 Honus Wagner card recently sold for $2.1 million. What's in your collector customer's attic?

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  Fireman’s Fund Highlights Historical Risks to Celebrate 150th Anniversary

  By Anya Khalamayzer, PropertyCasualty360  |  May 7, 2013

  Fireman’s Fund is marking its 150th anniversary with a traveling exhibit of vintage artifacts that link the company’s underwritten policies to some of the nation’s most important moments, from great disasters to the early days of movies and aviation.

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  W.R. Berkley Attorney: Limited Coverage Held by West Fertilizer ‘Irresponsible’

  By Chad Hemenway, PropertyCasualty360.com  |  May 7, 2013

  Paul A. Grinke, an attorney with McCathern in Dallas, predicts his clients and others involved in lawsuits against the West, Texas facility that exploded last month will "be left holding the bag."

• MarketScout: Berkshire Hiring of AIG Execs Could Upset Rate Increases

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 6, 2013

  The CEO of MarketScout says Berkshire Hathaway’s hiring of four seasoned executives away from American International Group could disrupt commercial market rate increases should the company decide to enter the primary marketplace to expand its market share.

• P&C Carriers Add Jobs in March; Agent/Broker Employment Continues to Decline

  By Phil Gusman, PropertyCasualty360.com  |  May 6, 2013

  Property and Casualty carriers added 900 jobs in March -- a month that saw employment shrink in most other sectors of the insurance industry, according to an analysis of the latest figures from the U.S. Labor Department’s Bureau of Labor Statistics.

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  West Fertilizer Co. Had $1M in Liability Insurance

  By Chad Hemenway, PropertyCasualty360.com  |  May 6, 2013

  The West Fertilizer Co., site of a massive explosion last month that killed 15 people and damaged or destroyed more than 100 homes, two schools, and multiple businesses, carried $1 million in liability insurance, PC360 has confirmed.

• XL Q1 Net Income Soars; CEO IDs Factors Beyond Low Losses

  By Phil Gusman, PropertyCasualty360.com  |  May 3, 2013

  XL Group’s 2013 first-quarter net income nearly doubled compared to the same period a year ago as operating income soared thanks to lower levels of large losses.

• Endurance Q1 Net Income Jumps 23.8% on Lower Catastrophe Losses

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 3, 2013

  Endurance reports $92.1 million in net income at the close of the year’s first quarter—a $17.7 million increase in net income compared to the first quarter of 2012.

• Liberty Mutual Q1 Net Income Drops 31%

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 3, 2013

  Liberty Mutual reports first-quarter net income fell 31 percent, impacted by the devaluation of Venezuela’s currency and premium declines primarily in workers’ compensation.

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  Benmosche: AIG Has a 'Deep Bench'; Buffett: 'Full Bore' Into Commercial Insurance

  By Chad Hemenway, PropertyCasualty360.com  |  May 3, 2013

  AIG CEO Robert H. Benmosche says the company still has plenty of top performers after losing a quartet of executives to Berkshire Hathaway, where CEO Warren Buffett says he'd like to get into commercial insurance "very big time."

• AIG Q1 Profit Down $1B; P&C Underwriting Income Returns to Black

  By Chad Hemenway, PropertyCasualty360.com  |  May 3, 2013

  AIG says first-quarter net income dropped $1 billion compared to last year, as results a year ago included income from investments that have been sold or liquidated.

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  Florida Legislators Move Bill to Shrink Citizens Property Insurance Corp.

  By Chad Hemenway, PropertyCasualty360.com  |  May 2, 2013

  The industry is calling for Florida Gov. Rick Scott to sign SB 1770—a bill touted as yet another positive step toward stabilizing the Sunshine’s State’s property insurance market.