National Underwriter P&C October-26, 2009
Cover Story
Reinsurers Weather Financial Storm, But Recession Flattens Market Pricing
While the U.S. reinsurance sector is being hailed as strong and resilient after weathering one of the worst financial storms since the Great Depression.
Opinion
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The Cult Of Greenberg
They say those who live in glass houses should not throw stones. Yet Maurice Greenberg, AIG's former CEO, was quick to blame just about everybody but his own kind for our current economic mess during a recent lecture.
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Bigger Not Necessarily Better With Re Brokers
The insurance and reinsurance brokerage sector has been consolidating for many years, to the point where the industry has evolved into a virtual oligopoly.
News
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House May Offer Safe Harbor In Bill To Strip Med. Mal. Antitrust Exemption
A bill to strip medical malpractice and health insurers of their limited federal antitrust immunity passed a key House committee last week, although an amendment grants "safe harbors" for joint compilation of historic loss data.
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ASCnet Reports Progress On 'Real-Time'
In a year when most are satisfied with holding their own in a sinking economy, the Applied Systems Client Network reported growth in a number of key areas thanks to the resilience of its volunteer members, the user group's outgoing chair says.
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Becker Seeks More Education To Bolster ASCnet Membership
As incoming chair of the Applied Systems Client Network, Lisa Parry Becker is targeting more educational opportunities for members and increased engagement at all levels.
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Private, Public Buyers Push Brokers For Full Transparency On Compensation
Risk managers from both the private and public sectors issued renewed calls for complete transparency.
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Dinallo Says Conflicts Over Contingents Can Be Managed
Although contingent commissions could represent a conflict in the relationship between producers and consumers, that can be managed.
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E&S Segment Remains Financially Strong
Despite a 67 percent drop in net income in 2008, excess and surplus lines insurers are still financially strong.
Market Report
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How To Achieve MGA Program Success: Retain Target Market Hometown Experts
With the property and casualty industry already mired in a sustained soft marketplace, the financial crisis has placed even more demands on insurance carriers to grow their top line.
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Changing Resort & Luxury Hotel Risks Present Coverage Challenges For Agents
Agents and brokers who are trying to win, or simply renew, clientele in the luxury hotel and resort segment are finding it more challenging than ever.
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Program Carriers Uncertain On Mkt. Size
Most program business insurers believe gross premium volume for their segment totals at least $20 billion, but a growing subset now has doubts that they are actually writing that much as a group, a survey reported.
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Get The Facts On Dispute Resolution Before Entering Into A Takaful Venture
With all the domestic financial chaos in the United States today, it's no surprise that many financial institutions--especially insurers and reinsurers--are seeking fresh, non-conventional, foreign sources of capital and revenue.
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New Arbitration Process Set To Expedite Smaller Re Claims
The Association of Insurance and Reinsurance Run-Off Companies has launched an arbitration procedure designed to expedite small and "less-complicated" claims between insurers and reinsurers.
