National Underwriter P&C July-19, 2010
Cover Story
Environmental Liability Market Still Has Plenty Of Room For Growth
The vast majority of commercial insurance buyers are still taking a pass on the coverage even though rates have fallen to historically low levels for all but the most problematic accounts, players in the field complain.
Opinion
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Who Do Your Brokers, Agents Really Work For?
Who do you really work for? That's a question all insurance buyers should ask of their agents or brokers. It's a fair question. You can't hide the truth.
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Insurers Win Big With Financial Reform Bill
I just got back from a vacation in Las Vegas, and even though I am not a big gambler, it's hard to forget the sights and sounds of the casinos.
News
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AIG's Chairman Resigns
American International Group's Chairman Harvey Golub has resigned, citing an inability to work with the company's chief executive officer.
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Aon To Buy Hewitt Associates For $4.9 Billion
Looking to become more of a powerhouse in the global consulting business while bolstering cross-selling opportunities, Aon Corp. announced last week it will acquire human resource and outsourcing firm Hewitt Associates Inc.
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BP Spill Site Has 40% Chance Of Being Hit By Storm, RMS Warns
There is more than a 40 percent chance that by the end of August at least a tropical storm will pass over the spot where the Deepwater Horizon oil rig operated.
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Court Rejects Deepwater Drilling Moratorium
A three-judge panel has denied the federal government's request to reinstate a six-month deepwater drilling moratorium pending the government's appeal of a lower court decision that lifted the moratorium last month.
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Commercial Insurance Rates Locked Into Softening Mode For Next Few Years
No matter how you look at it, sellers appear to be locked into a persistently soft commercial lines insurance market, and it's likely to remain that way for quite some time.
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Judge Vacates Convictions Of Two Marsh Executives
New York Supreme Court Judge James A. Yates has thrown out the 2008 convictions of two former executives of Marsh on felony monopoly charges for accepting contingent commission kickbacks.
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House Clears Bill Reauthorizing NFIP Program For 5 years
The House today passed legislation that would provide certainty to the National Flood Insurance Program.
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Falling Reinsurance Rates Help To Keep Market Soft
Property-catastrophe reinsurance rates in the United States have significantly decreased despite disaster losses from the Chile earthquake and storms in Australia.
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'Scare Tactics' Decried On Foreign Re Bill
Foreign insurers are "using scare tactics" to maintain the status quo.
Market Report
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Data Security In A Real-Time World Requires 'Defense In Depth' Strategy
Today, it may seem that insurance carriers and their independent agent partners have harnessed technology and are effectively connecting in real-time to automate and accelerate routine processes while lowering the cost of processing insurance.
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Insurers Guilty Of Penny Pinching When It Comes To Network Security
Insurance carriers have adopted a strategy of "inspired frugality" in relation to their spending on security, according to a Forrester senior analyst, Ellen Carney.
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Cyber-Security Gaining Ground Among Insurers, But Gaps Remain For Many
The results of a recent technology security survey for the financial services sector might give the impression that the insurance industry has awakened to the threat of cyber-risks.
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