National Underwriter P&C March-29, 2010
Cover Story
Liberty Mutual Looks To Lead Societal Dialogue On 'Responsibility'
Ted Kelly, head of Liberty Mutual Group, speaks with NU Editor Sam Friedman about how his company's multimedia branding initiative, "The Responsibility Project," reflects his corporate culture of "doing the right thing."
Opinion
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A Work In Progress
Like it or not, President Barack Obama and House Speaker Nancy Pelosi have managed to pass a comprehensive health insurance reform bill. The big question is what happens now?
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Health Reform Debate Is Likely Far From Over
The insurance industry prides itself on a promise that it makes to every policyholder--to compensate them for their loss within the terms of the contract the parties have agreed to.
News
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President Obama Signs Health Care Law, But Battle Over Reform Is Not Over Yet
Although President Barack Obama signed into law last week historic legislation that promises to expand health coverage for tens of millions who are uninsured while protecting those who already have insurance, the battle over reform is far from over.
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Financial Services Reform Bill Gives Insurers A Break
Insurers, balking at having to help pre-fund a bailout authority for systemically risky companies, have secured a key change in financial services reform legislation that will reportedly limit the assessment to one major insurance carrier.
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NAIC Tables Nat'l Regulatory Reform Plan To Focus On State-Based Solutions
The NAIC has put on hold its National Insurance Supervisory Committee proposal, which would have seen regulators develop uniform standards with the threat of federal intervention for states that did not comply.
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NAMIC Chair Addresses P&C Challenges
These are certainly challenging times for the property and casualty insurance industry, given the stagnant economy, a soft commercial lines market and calls in Congress to impose new regulations as part of broader financial services reform.
Market Report
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Small Firms Can Face Big EPL Exposures
Workplace discrimination claims are at an all-time high, and small-business owners feel vulnerable.
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Small Businesses Still Not Buying EPLI, Researcher Says
Middletown, Conn.-based MarketStance recently provided statistics to National Underwriter revealing that most small businesses remain non-buyers of standalone employment practices liability policies.
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Discrimination Charges Fell Slightly In 2009, But Remain Near Record Levels
In fiscal year 2009, the U.S. Equal Employment Opportunity Commission received over 90,000 new private sector charges of discrimination for the second straight year, the agency reported.
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Large Professional Firms, Big EPL Risks
Professional firms, such as law firms and accounting firms, require special attention when placing their executive perils coverages, including employment practices liability and directors and officers liability insurance.
