National Underwriter P&C October-19, 2009
Cover Story
Chubb, FM Global Come Up As Biggest Winners In Risk Manager Choice Awards
The Chubb Group of Insurance Companies and FM Global were the big winners in the first "Risk Manager Choice Awards."
Opinion
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Insurers Running Scared
The health insurance industry is very nervous about the reform bills making their way through Congress, and rightfully so.
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Greenberg Spokesman Responds To Story About Role In AIG Credit Default Swaps
I am writing in regard to mischaracterizations contained in your recent article on Maurice R. ("Hank") Greenberg--"Greenberg Sends Mixed Signals on Regulatory Reform"--in your Oct. 8, 2009, edition, page 7.
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Contingent Commissions Are OK, If Fully Disclosed
The announcement that Arthur J. Gallagher has received permission to receive contingent commissions from insurers once more was met with both positive and negative comments from within the commercial insurance community.
News
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Congress Considers Revoking Antitrust Exemption For Health, Med Mal Insurers
Legislation that would repeal the antitrust exemption provided health insurers and medical malpractice carriers through the McCarran-Ferguson Act is being pushed by two powerhouse lawmakers.
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CIAB Unveils Online Insurance Exchange
The Council of Insurance Agents and Brokers is partnering with LexisNexis to build a Web-based insurance exchange for independent producers, with test runs set to begin next summer.
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'People Risk' Very Tough For ERM, Regulators To Manage
No matter how many regulations or internal fail-safe systems an organization or a government puts in place, preventing systemic economic collapses means challenging peoples' worst instincts.
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Miss. Hurricane Katrina Ruling Creates Coverage Uncertainty On Wind Vs. Water
The debate over wind-versus-water homeowner claims is not quite as cut and dried thanks to a ruling by the Mississippi Supreme Court in a Hurricane Katrina case.
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Merger Activity Low Even After E&S Premium Falls For Second Straight Year
There's been a lot of talk on the acquisition front by excess and surplus lines insurance companies, but little action to date--even in a year that followed back-to-back declines in organic growth for the segment overall.
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NAIC Moves To Check Some CDO Ratings
State regulators, possibly within days, will approve the hiring of a firm to reassess the evaluations of 17,600 residential mortgage-backed securities downgraded by the major credit rating firms, an official said.
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Claims Pros Report Stagnant Pay
Stunted wages, heftier workloads and shriveling benefits are just a few of the challenges that continue to plague claim professionals, according to the 2009 Salary Survey conducted by Claims magazine.
Market Report
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Risk Managers Very Pleased With Insurers
Despite the poor economy, persistently soft market and the insurance industry's chronic reputational challenges, buyers are basically happy with their commercial lines carriers, and most are unlikely to be seeking a change anytime soon.
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How Was The Survey Done?
This "Risk Manager Choice Award" special section, produced in partnership with National Underwriter, summarizes highlights from the 255-page report of the "2009 Flasp?hler Commercial Lines Survey."
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Buyers Want Insurers To Stick With Them
Commercial insurers wondering what they need to do to attract and hang on to their customers got an earful from the 411 buyers responding to open-ended questions about what they want from their carriers.
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Chubb Calls Client Focus Key To Victory
A combination of financial strength, consistency of service capabilities on a global scale, as well as expertise in underwriting, loss control, claims and certain business niches is why Chubb was cited as "Best Carrier Overall"
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Research Lab Helps FM Global Lead Pack
FM Global's 1,600-acre research campus, staff of scientists, research engineers, and loss prevention studies tailored to specific industries and situations all come down to a client's one "a-ha" moment.
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Award Winners Cite Best Practices In Workers' Comp Risk Management
Every company executive is on the hot seat in this difficult economy, and risk managers are no exception.
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Bermuda Carriers Not Expected To Rush Off The Island Despite U.S. Tax Concerns
With U.S. tax and regulatory legislation up in the air for insurers and reinsurers, even if offshore moves adversely affect Bermuda's longtime insurance supremacy, don't expect carriers to abandon the island in droves anytime soon, analysts suggest.
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