National Underwriter P&C December 5-12, 2011
Cover Story
Three Reports Point to Keenly Disappointing P&C 3Q, 9-Month Results
When looking at the property and casualty industry’s performance for the first nine months of 2011, or even just the third quarter, the news is the same: sharply declining profits and underwriting results compared to the same periods in 2010, according to three recent reports.
Market Report
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Bermuda Snapshot: Island Battered by Cat Losses But Remains ‘Very Viable’
Bermuda reinsurers have taken a beating, but have managed to come up with creative solutions to deal with a disaster-ridden 2011.
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Sidecars, Hedge Funds Help Funnel Capital to Keep Bermuda Afloat
Bermuda reinsurers have taken a beating, but have managed to come up with creative solutions to deal with a disaster-ridden 2011.
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ADA Amendments: Broader Definition Likely to Cause Spike in Claims
An attempt by federal lawmakers to broaden the definition of “disability” has created a difficult situation for employers, and insurers are already seeing the result with an increase of employment-practices liability claims related to recent amendments of the Americans with Disabilities Act.
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EEOC Eye-Openers
An attempt by federal lawmakers to broaden the definition of “disability” has created a difficult situation for employers, and insurers are already seeing the result with an increase of employment-practices liability claims related to recent amendments of the Americans with Disabilities Act.
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Managing Social-Media Risks— A Critical Task for 2012
From the mechanics of the hiring process to establishing clear company policy, identifying the professional risks inherent in social media is becoming more important than ever.
News
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EPLI Risk-Management Survival Guide
Navigating the scope of human-resources law is more important than ever in 2012. Here are 10 steps that will help keep risk managers ahead of the curve.
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Euro Crisis Could Prolong U.S. P&C Soft Market
Europe’s sovereign-debt crisis could impair the U.S. property and casualty industry’s ability to change the course of the soft market—if it results in the economy falling into another recession, according to one industry consultant.
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Greenberg’s Starr International Sues U.S. Over AIG Bailout
Starr International Co., run by former American International Group Inc. CEO Maurice “Hank” Greenberg, has filed a lawsuit against the United States, claiming the government violated the Constitution when it took majority ownership of AIG without compensating the company’s shareholders.
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Washington Update: Senators Oppose Flood Provision; Frank to Retire
The Senate Banking Committee is being urged to drop a provision in flood-insurance legislation that would require homeowners and businesses to purchase federal flood coverage even if their properties are protected by levees.
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PCS Increases Loss Estimate for Hurricane Irene
Hurricane Irene appears to have a better chance of cracking a list of the Top 10 most costly U.S. hurricanes after a sizable increase in estimated losses was released from Property Claims Services (PCS).
Special Report
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NAIC’s Plan for Risk, Solvency Assessment Tests Gains Steam
As part of its Solvency Modernization Initiative (SMI), the National Association of Insurance Commissioners over the last 15 months has been developing requirements for all insurance companies regulated in the U.S. to conduct an Own Risk and Solvency Assessment (ORSA) and report their enterprise risk management (ERM) practices and related...
Opinion
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12 Key Coverage Areas for 2012
With the New Year just around the corner, we offer a preview of a dozen topics and trends that will be a focus of NU’s coverage in 2012.
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A Question of Ethics: Rate Increase Denied
When an insurance commissioner denies a rate increase, what is the ethical response for insurers and their employees?
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Events
17th Annual America’s Claims Event
When: June 19-21, 2013
Where: Austin, Texas
The ONLY industry event where senior managers, practitioners & experts involved with claims operations can get the insight they need to implement effective and tactical strategies for their claims handling process.
