National Underwriter P&C June-07, 2010
Cover Story
Top-10 Technologies Seen Most Likely To Have Big Impact On P&C Insurance
Property and casualty insurers must innovate to stay relevant to customers, improve profitability and transition into a business model that can shift with future market changes.
Opinion
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It's Time To Take Loss Control Seriously
In an environmentally risky business such as oil drilling, there can be little margin for error.
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Open Source Users Must Beat Fear Of The Unknown
Everyone knows that aside from the underwriting department, information technology is one of the last places an insurance company should take unnecessary risk.
News
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Gov. Crist Vetoes Florida Property Bill, But Signs New Commercial Lines Rate Regs
Despite the urgings of Florida Insurance Commissioner Kevin McCarty and other state leaders, Gov. Charlie Crist has vetoed an omnibus property insurance bill passed at the close of the 2010 legislative session.
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We'd Write Oil Rig Again, Berkley Execs Say
Executives of W.R. Berkley said they would not hesitate to write coverage again for the operator of the oil rig that exploded in the Gulf last month, adding that increased prices and insurance requirements for operators could provide opportunities.
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Berkley: Proposed Tax Won't Cause Exodus By Foreign Carriers
William Berkley, who heads a group of U.S. insurers working to close what they see as a tax loophole for foreign insurers, suggested that critics are launching empty threats to thwart his coalition's efforts.
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Small Firms Lack Disaster Planning, Don't Consult Agents, Travelers Finds
Nearly 44 percent of small firms are operating without a business continuity strategy in case of disaster, and almost two-thirds have never even spoken to their insurance agents about contingency planning, a survey by Travelers revealed.
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Agency Award Entries Invited
Independent agencies only have one more month to prepare for the 2010 Commercial Insurance Agency of the Year Award program.
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Employment Practices Liability Extended
Expanding potential liability for employers and their employment practices insurers, the U.S. Supreme Court gave the green light to litigation involving the use of tests that have a disparate impact on a protected class.
Market Report
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Social Media Meets Insurance Regulation: Where Are We Headed?
As the insurance industry embraces the use of social media as a marketing tool, it must consider risks that are unique to the insurance industry.
Buyers Report
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Public Risk Managers Need Access To Power Brokers
Like those in the private sector, public risk managers can have a big impact on their organization's costs and bottom-line results--but only if they have a "seat at the table" with government decision-makers.
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Would Captive Owners Be Better Off In RRGs?
If you had a captive insurance company writing liability insurance for long-term care facilities in the early years of this decade, you had a good thing going.
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Risk Managers Who Fail To Plan For A Crisis Are Planning To Fail
Failures in crisis management can have broad repercussions, such as loss of life, assets, revenue, image or brand.
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