National Underwriter P&C August 15, 2011
Cover Story
Is The World Becoming A Riskier Or Safer Place?
Is the world becoming a riskier or safer place? NU asked more than 30 of the industry’s top leaders—plus politicians, a futurist and Ken Feinberg—to weigh in with their considerable expertise and experience.
Market Report
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State Of Builders’ Risk Line: Cats, Capacity & Pricing Trends
With stimulus dollars drying up, one area of ongoing opportunity in the builders’ risk line is in renovation and expansion work, both on the commercial and residential side.
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Negotiating Terms & Conditions
With stimulus dollars drying up, one area of ongoing opportunity in the builders’ risk line is in renovation and expansion work, both on the commercial and residential side.
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Copper & Robbers: Vacant Buildings Desirable For Thieves—And Insurers
Copper thieves have fueled a huge spike in claims for insurers of vacant and idle properties, but increased loss potential has not deterred competition in the residential and commercial property markets, experts say.
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Experts Offer Best-Practice Tips For Securing, Insuring Vacant Properties
Underwriting and risk engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of “vacant” and “idle” properties.
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Vocabulary Lesson: Defining Vacancy
Underwriting and risk engineering experts give tips for insuring and securing vacant property, and also provide the insurance and risk definitions of “vacant” and “idle” properties.
Special Report
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Political, Economic Risk Mitigation Key For Global Markets
Looking back on the global political and economic events of the last decade, the pace of change has increased tenfold. Now the question becomes, what will be the next event of global proportion?
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ERM Execution Varies By Organization, Risk Managers Report
Two corporate risk managers reported very different results with enterprise risk management (ERM) progress at their companies during a recent webinar.
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In Social-Services World, Pressure To Cut Costs, Find Alternative Revenue Streams Raises Risk Profile
With a still-shaky economy limiting donations to social-service organizations, many of these groups are being forced to radically reduce spending or to branch out into new and untested revenue-raising waters—a move which can pose unexpected and even catastrophic risks.
News
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Experts Weigh Direct, Indirect Impact Of S&P’s U.S. Downgrade
Insurers and reinsurers will not likely see a direct impact from Standard & Poor’s recent downgrade of U.S. long-term sovereign debt, experts say, but the underlying economic conditions that led to the downgrade could cause some of the same issues experienced in 2008 to re-emerge.
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Insurers Contemplate UK Riot Losses
The Association of British Insurers (ABI) says carriers are expecting “significant losses” of more than 100 million pounds ($162 million at current exchange rate) from damages caused by rioting in boroughs of London and other cities.
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Benmosche Says Crisis Is Over As AIG Posts $1.8B 2Q Income
American International Group Inc. swung to a profit with second-quarter net income of $1.8 billion compared to a net loss of $2.7 billion for the second quarter a year ago.
Opinion
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A Wicked, Wonderful World
May you live in interesting times, goes the blessing/curse. And one thing I think we can all agree on, for better or worse, is that dull days are few and far between in 2011.
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End To SLIMPACT, NIMA Debate May Be In Sight As Compromise Eyed
The insurance industry is coalescing around a surplus-lines allocation formula proposed by Kentucky regulators as a means of breaking the impasse over implementation of the new federal surplus-lines reform and modernization law.
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Certificates Of Insurance: What Do They Really Cost Your Agency?
One of the most daunting (and often reviled) tasks facing agencies today involves the processing of certificates of insurance. This is an activity that typically generates no revenue for the agency but creates significant operational costs and dramatically heightens the agency’s E&O exposure.
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