National Underwriter P&C November-02, 2009
Cover Story
Insurers Don't Get Enough Credit For Saving Lives With Safety Research
For half a century, the Insurance Institute for Highway Safety has been in the vanguard on highway and auto safety, committed to the goal of reducing losses--deaths, injuries, property and vehicle damage--on the nation's roads.
Opinion
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Tune In To Reality TV!
For two years now, I've been telling anyone who'll listen that the industry's lousy reputation is, for the most part, undeserved, and that carriers must take ownership of the problem and start touting all the good they do for society.
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Winning CSR Cites Need For Value-Added Service
Many in the insurance world believe the price of insurance becomes more important to the client in the absence of value. How might a customer service representative add value to the insurance-client relationship?
News
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Federal Insurance Office Authority Sparks Protest From State Regulators, Legislators
State regulators, legislators and even a consumer advocate group expressed alarm last week over efforts in Congress to usurp some insurance oversight power, warning that federal lawmakers are going too far in preempting local authority over the industry.
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Carriers, Regulators Wary Of Bill To Boost Fed Power
Compromise legislation proposed by the Obama administration and Rep. Barney Frank would give federal banking regulators broad authority over large, troubled insurers, stirring concern within the property and casualty industry and among state officials.
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'Divide & Conquer' Atmosphere Grips D.C.
The chief executive officer of the Property Casualty Insurers Association of America warned his members last week to beware of a "divide and conquer" strategy in Washington when it comes to nailing down regulatory and health care reform.
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Sink Urges PCI Members To Come Help Insure Florida
Florida CFO Alex Sink urged carriers at an industry conference last week to consider entering her state's huge, hurricane-prone homeowners insurance market, pledging to work together with them to craft a less hostile regulatory environment.
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Greenberg Denies Talent Raid Against AIG
C.V. Starr & Company--headed by Maurice Greenberg, the former boss of American International Group--strongly denied that the managing general underwriter is busy looting staff from AIG.
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AIG Clashes With Pay Master Over Cuts To Top-25 Players
American International Group was highly critical of a special master's decision to slash payments for its top employees by 91 percent for the remainder of the year.
Market Report
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Recession, Soft Market Don't Stop Award-Winning Agencies From Growing
Three independent agencies that stuck to their core missions of proactive client service and managing the cost of risk not only kept their heads above water but maintained a growing bottom line.
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