National Underwriter P&C May-17, 2010
Cover Story
Economic Woes Remain A Drag On Construction, Trucking Carriers
For the two major inland marine lines, construction and trucking, the challenges that have faced the marketplace for the last two years.
Opinion
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Are There Enough Doctors In The House?
With tens of millions of uninsured people likely to get coverage over the next few years thanks to health care reform, who is going to perform all the additional medical services?
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Will More Regulation Solve Every Problem?
Try to imagine this dream sequence--sort of a remake of "The Treasure of Sierra Madre." A grim lawman walks in on a group of insurers and demands to see their books.
News
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Insurers Jockey For Adjustments As Vote Nears On Fin'l Reform Bill
Winning an exemption for insurers from having to help pay to wind down failed non-insurance firms posing a systemic risk to the economy was the key priority for insurers
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Odds Seen Against BP In Derivative Suits
Shareholder derivative lawsuits against directors and officers of British Petroleum in the wake of the company's offshore oil rig explosion could result in sizeable recoveries based on current litigation trends, an expert in the field says.
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Oil Spill Likely To Boost Rates For Energy Producers
U.S. commercial property and casualty insurance rates were down 4 percent on average last month.
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Re Discipline Overrated, Broker Contends
Reinsurers have not been especially disciplined, and they in fact prolonged a soft insurance market that should have ended a year ago, a leading reinsurance broker says.
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AIG On Road To Recovery, But Volatility Possible, CEO Says
In his first annual shareholders meeting address, American International Group President and Chief Executive Officer Robert Benmosche highlighted the company's strong 2010 first quarter results.
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WC Premiums Plummet In Recession, With Construction, Manufacturing Hit
Workers' compensation insurers have seen net written premium shrink 23 percent from 2007 to 2009.
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Agency Award Entries Sought
Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.
Market Report
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Escalating D&O Defense Costs Fuel Disputes Between Carriers, Insureds
Securities class actions, and to a somewhat lesser extent shareholder derivative litigation, have historically presented the largest class of claims exposures to directors and officers liability insurers.
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Tough Economy Hits Travel Budgets, Impacting Bed And Breakfast Market
With all tourist attraction businesses suffering in this struggling economy, insurers writing bed and breakfast establishments are experiencing many of the same problems as those who handle larger, more standard hotel risks.
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