National Underwriter P&C August-30, 2010
Cover Story
Gulf Oil Spill Cleanup Spotlights Pollution, Professional Liability Risks
The environmental cleanup response to the Deepwater Horizon Oil Spill in the Gulf of Mexico is an unprecedented endeavor. It encompasses operations on land, along the vast shoreline and over open water--all of which present insurable exposures.
Opinion
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Try An EOB For WC!
To combat workers' comp fraud, why not make it standard operating procedure to send claimants an Explanation of Benefits, as health insurers routinely do now?
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Financial Reform Should Eye Insurance Redlining
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed into law by President Obama is a direct response to a financial crisis that started with predatory lending targeted at minority communities.
News
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Protesters Take On Lobbyists At NAIC In Battle Over Medical Loss Ratio Rules
Protesters who say insurance company lobbyists are working to undermine state efforts to implement the federal health care reform law interrupted the summer meeting here of the National Association of Insurance Commissioners.
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State Regulators Split Over Wisdom Of Health Reform Law
Comments made during the National Association of Insurance Commissioners meeting produced two sharply differing views among state regulators over the future benefit of health care reform to consumers.
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Congress' Failure To Extend NFIP Could Endanger Carrier Participation
The failure of Congress to approve long-term renewal of a revamped National Flood Insurance Program could jeopardize the participation of private carriers.
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Long Recession Hammers Comp Carriers
The ongoing recession has hit workers' comp carriers hard, causing nearly a quarter of the market's premiums to evaporate and cutting profitability by as much as half in the past two years, experts in the field reported here.
Market Report
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BP Spill Creates Coverage Opportunities
The ultimate extent of damage and insurance industry losses from the BP Deepwater Horizon oil spill in the Gulf of Mexico is still unknown.
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BP Oil Spill To Alter Energy Market Dynamics, Marsh Says
The explosion of the Deepwater Horizon oil rig in the Gulf of Mexico has changed sentiment among energy underwriters and will likely lead to new market dynamics.
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Insurers Queried On Oil Spill Prevention
Global investors are asking energy companies for their oil spill prevention measures, but they are also querying insurers.
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Astonish Shakes Up Agency Marketing With Aggressive, Web-Centric Approach
Close your eyes and imagine, if you will, "a Tasmanian Devil in human skin."
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Underwriters Share War Stories About Their Most Unusual Risks
When Marguerite Dixen joked with an underwriter and told him to go find out how someone could "lose a hand" at a metal-stamping plant, she wasn't expecting his report.
