National Underwriter P&C November-22, 2010
Cover Story
E&S Market Replay Anticipated In 2011; Execs Detail Diverse Coping Strategies
For the most part, participants in the excess and surplus lines industry expect a replay of 2010 market conditions in 2011.
Opinion
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All Roads Lead To CEO
Any research at all about the success of an enterprise risk management program, or any risk management program for that matter, points to the need for the chief executive's support.
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How Insurance Contributes To Society
Over the years, the insurance industry has made significant contributions to the advancement of business and financial risk management.
News
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Conflict With NAIC Over Dodd-Frank Surplus Lines Provisions Heating Up
Implementation of the federal law streamlining multistate taxation and regulation of business placed in the E&S market is rapidly morphing into an intense confrontation between industry representatives and state regulators.
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P&C Insurers Shed Jobs
Employment in the property and casualty insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to September 2009, casting doubt on hopes that industry employment trends were turning around.
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Gen Re, AIG Defendants Appeal
Five executives convicted of producing a sham insurance contract between General Re Corp. and American International Group argued in the U.S. Court of Appeals that a district court committed multiple procedural missteps during their 2008 trial.
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FIO Will Work To Improve Regulation, Treasury Rep Says
Treasury Deputy Secretary Neal Wolin told London stockbrokers last week that the Obama administration believes the new financial services reform law gives it the power to monitor the insurance sector...
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Insurers Respond As Privacy Attacks Soar
Even though enterprises large and small are losing the battle against cyber attacks, specialty insurers are expanding coverages triggered by computer privacy breaches as rapidly as new enemies emerge to pursue new targets, experts said here.
Market Report
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Exec Insights On Historic E&S Market
Executives trying to predicting how the soft market will play out for the excess and surplus lines industry have absolutely no point of reference based on past experience to guide them, an E&S executive said recently.
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Berkley Maintains Reality Focus, Sticks With Forecast Of Imminent Market Turn
"This is a marathon business, not a sprint."
Agency Management & Technology
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Ultra-Niche Advertising, Cherry Picking Now Possible With Facebook, Google Ads
Just 20 years ago, the answer was simple. Need an insurance agent? Pick up a phone book.
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Left-Braining Means Better Results For Agency Owners In Tougher Environment
As a dollar floats from your agency over to the company, you get to pluck out about a dime. Out of that dime you'll need to pay rent, payroll, printing, technology and so on. What's left--if anything--is your profit.
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New Business Process Outsourcing: A Strategic Building Block For Innovation
Over the last four decades, outsourcing has morphed as business models evolved, technology advanced and competition for resources and expertise expanded.
