National Underwriter P&C November 14, 2011
Cover Story
The Comeback Kid: Buffer Liability
The last time buffer liability insurance was in vogue, Ronald Reagan was in the White House. But now, the need for a buffer layer of excess coverage is emerging back into the structure of risk-sharing within the excess and umbrella insurance world—a sign that the market is transitioning from soft...
Market Report
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Reinsurance’s Role
The last time buffer liability insurance was in vogue, Ronald Reagan was in the White House. But now, the need for a buffer layer of excess coverage is emerging back into the structure of risk-sharing within the excess and umbrella insurance world—a sign that the market is transitioning from soft...
Special Report
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Risk Managers Discuss Hiring Practices & How They Educate Themselves, Staff
Four members of National Underwriter’s Risk Manager Editorial Advisory Board respond to these questions from NU
Technology Trends
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Agents Look to the Cloud for Flexibility, Cost Savings
As insurance companies and agencies search for solutions to address their business problems, looking to the cloud may be among the answers, according to such industry consultants as Bob Hirsch, a director at Deloitte Consulting.
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Cloud Computing's Popularity Growing, But What’s the Risk for Agencies?
Cloud computing is growing in popularity among insurers and producers—and as usage evolves, so too is a thorough understanding of the risks involved, says Tim Francis, second vice president/enterprise cyber lead for insurer Travelers.
News
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October Rates Provide More Evidence of Market Shift; Demand to Rise in Nontraditional Risks
Showing rate increases/decreases were flat for the month, MarketScout’s October barometer provides further evidence of the soft market making a turnaround. One insurance-broker executive says he believes the industry is actually primed for an increase in demand— although likely in areas outside the traditional property and casualty arena.
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Three Major U.S. Insurers Report Third-Quarter Struggles
Three large U.S.-based property-and-casualty insurers were unable to post third-quarter profits, with The Hartford stating its net income was flat and American International Group (AIG) and Liberty Mutual Group both reporting net losses.
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Advisory Committee to FIO Includes Regulators; Excludes Legislators
The Treasury Department has announced the 15 members of the Federal Advisory Committee on Insurance (FACI), which is charged with advising the newly created Federal Insurance Office—but state legislators are upset they aren’t being represented.
Opinion
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Advanced Analytics Can Improve Underwriting for Large, Complex Commercial Risks
Advanced analytics can address numerous opportunities across the insurance value chain, especially in commercial underwriting
