National Underwriter P&C March-01, 2010
Cover Story
2010 Is Test Year For E&S Carrier Execs
It will take guts for executives of excess and surplus lines carriers to get through 2010, especially those who head up publicly traded operations, experts said at an investment analysts' conference recently.
Opinion
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Back On The Hot Seat
Insurers remain their own worst enemies. They keep shooting themselves in the foot!
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Additional Insureds Pose Hazards For E&O Buyers
Professional liability brokers repeatedly receive requests from policyholders to add the buyer's clients onto errors and omissions policies as additional insureds.
News
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House Moves To Strip Antitrust Shield From Health Carriers, But Spares Med Mal
Legislation repealing the antitrust exemption afforded health insurers through the McCarran-Ferguson Act, but keeping the shield intact for medical malpractice carriers, was approved overwhelmingly last week by the U.S. House of Representatives.
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NAIC To Fight Obama Plan To Regulate Health Ins. Rates
The National Association of Insurance Commissioners is ready to fight any provisions in proposed health care reform legislation that would allow federal preemption of state insurance rate regulation.
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Zenith Sale To Fairfax Challenged By Investor Lawsuit Over $1.4B Price
An investor advocacy group announced it is suing the board of Zenith National Insurance Corp., alleging Zenith's planned $1.4 billion sale to Fairfax Financial Holdings Ltd. undervalues the company.
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Struggling Economy Driving More Fraudulent Claims Activity
Property and casualty insurers are seeing rising loss costs, increased levels of litigation and higher rates of fraudulent claims because of the struggling economy, a recent survey revealed.
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Agents OK Overall, But Provide Little Joy
A survey of U.S. consumer experience with a variety of professions finds they rate their interactions with independent insurance agents as less than enjoyable.
Market Report
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M&A Likely To Be Limited To Big Companies Buying Small
Although making acquisitions is a prudent strategy for forward-thinking surplus lines insurance executives seeking to build their organizations, potential sellers are unlikely to agree to lower the deal prices offered, experts recently warned.
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Big-Time Data Breaches Attract Lawsuits
With high-profile cases such as ChoicePoint and TJX acting as a lure, plaintiffs' attorneys are increasingly interested in generating class-action lawsuits for data security breaches.
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Ex-Aon Chief In Wholesale, MGA Arena
Conventional wisdom would say that the time to start a wholesale business is not in the middle of a soft market, when the demand for that business suffers.
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Plaintiffs Choosy About Derivative Suit Filings, Lawyer Tells D&O Underwriters
Carriers and brokers selling Side-A D&O liability insurance coverage by delivering warnings about the increasing severity of shareholder derivative lawsuits may be overstating the trend, according to one attorney involved in a major case.
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Insurers Pay To Make Buildings Greener
"Going green" has become a popular catch phrase. This phenomenon is fueled by the current administration, and the agenda is clear.
