Top 10 Insurance Ads of 2012

NU’s staff picks the best TV commercials of the year

Carriers Say Sandy Provides an Ideal Teaching Moment for Illustrating the Value of High-Net-Worth Coverage

By Chad Hemenway, PropertyCasualty360.com

The communities in the Northeast most gravely affected by Superstorm Sandy include some of the wealthiest towns in the nation: For practically every bungalow destroyed by the storm surge, a million-dollar beachfront mansion was also claimed.

New Trade Association Looks to Share High-Net-Worth Best Practices

By Chad Hemenway, PropertyCasualty360.com

A new trade association, the Council for Insuring Private Clients (CIPC), has been formed to develop best practices for providing insurance solutions to the High-Net-Worth (HNW) demographic, says Richard Kerr, CEO of MarketScout—the Dallas-based electronic insurance exchange that is a CIPC founding partner and developer.

2013 Calendar of Events Highlights

Mark your calendars now for the major industry meetings and conventions of the coming year.

Uncertainty Rules Risk Management Outlook for 2013

We asked risk managers and their brokers about what they expect will be the biggest challenges in 2013—and how they are preparing to respond to them.

AIG Projects $2B Sandy Loss; Chubb, Hartford, Hanover Among Carriers With Estimated Hundreds of Millions in Losses

By Chad Hemenway, PropertyCasualty360.com, Mark E. Ruquet

American International Group (AIG) estimates its total insured losses from Superstorm Sandy will come to approximately $2 billion.

New York MTA Says Insurers on Hook for Excess $1B

By Chad Hemenway, PropertyCasualty360.com, Mark E. Ruquet

Due in no small part to major flooding in Manhattan’s subway system, New York City’s Mass Transit Authority reports estimated Sandy-related losses of $5 billion—of which private insurers should kick in more than $1 billion.

MarketScout: Rate Increases Continue Through November for Both Commercial, Personal Lines

By Mark E. Ruquet

Rates in both commercial- and personal-lines insurance continued to increase through November, according to electronic exchange MarketScout. Rates for commercial-lines accounts increased an average of 5 percent in November compared to the same period last year, and personal lines increased 4 percent, the Dallas-based company says. (In October, commercial-lines accounts...

Greenberg: Tread Carefully in Emerging Markets

By Warren S. Hersch

Emerging-market countries represent huge, untapped opportunities for insurers, but carriers that are not properly staffed with people who understand the cultures, histories and markets of these nations will not succeed in their efforts, said former AIG CEO Maurice “Hank” Greenberg during the keynote presentation of the 23rd Annual Executive Conference—an...

Willis’ Joe Plumeri: The Farewell Interview

By Mark E. Ruquet, PropertyCasualty360.com

After 12 years at the helm, Joe Plumeri is stepping down as the CEO of Willis Group Holdings on Jan. 7. He will serve as nonexecutive chairman through July 13, when his contract expires.

Greg Thompson: Specialty Player

By Shawn Moynihan, PropertyCasualty360.com

Greg Thompson is the new president of Markel Specialty, a division of Virginia-based insurer Markel Corp. In 1979 he formed Thompson Insurance Enterprises (ThomCo) with his father, Roy, and led the company for 32 years—growing it from a small wholesale operation to a large program administrator. Markel acquired ThomCo on...

5 Steps to Highly Effective Agency Recruitment

By Mark Shlien

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