National Underwriter Property & Casualty October 15, 2012
On Sept. 22, David Villalobos, a 25-year-old real estate agent from Mahopac, N.Y., visited the Bronx Zoo with a single intention: To “become one” with its tigers.
The three winners of the Excellence in Workers’ Compensation Risk Management Awards, sponsored by NU and the National Council on Compensation Insurance, traveled to Orlando in August to share their successful strategies with risk-manager attendees at the Workers’ Compensation Educational Conference.
Even when an employer commits to a culture of safety, some jobs are just too dangerous to control all the inherent risks.
Chartis has built underwriting practices around some of the riskiest professions, including aircraft pilots, miners, construction workers, refuse collectors, truck drivers and police officers.
The Nonadmitted Insurance Multistate Agreement (NIMA), the surplus-lines revenue-sharing agreement supported by five states and Puerto Rico, began Phase 2 of its implementation schedule on Oct. 1.
Commercial-lines rates in the U.S. and abroad continued their recent trend of moderate increases last month, according to two recent analyses.
P&C insurers saw their first-half net income collectively jump by more than 245 percent in 2012 compared to the prior year, as the industry benefited from premium growth and a sharp drop in catastrophe losses—but experts have mixed opinions on those figures.
The Commercial Auto segment recorded its first underwriting loss in eight years in 2011 due to a combination of declining premiums, increasing claims severity and a reduction in favorable prior-year reserve releases, a new report reveals.
Marsh has launched a Workers’ Compensation Center of Excellence, which brings all of the broker’s Workers’ Comp insurance and risk-management capabilities under one umbrella, including advanced analytics and modeling, claims management and advocacy, and insurance-program design and placement. Jonathan Zaffino, Marsh’s Casualty Practice Leader, talks with NU about this program,...
Hey, South Mississippians! Who wants to be a juror in the Rigsby vs. State Farm case?
If processing a claim is indeed the moment of truth in an insurer’s relationship with customers, why are small-business consumers apparently being kept in the dark when it comes to how a loss will be handled?
The use of analytics among P&C insurers has slowly evolved from strictly a risk-centric approach to business to include a focus on customer-centric data, according to Mark Breading, a partner in the research and consulting firm Strategy Meets Action and the author of a study on the subject, “Data and...
The adoption of the National Association of Insurance Commissioner’s (NAIC) Risk Management and Own Risk and Solvency Assessment (RMORSA) model act has immediate implications for U.S. insurers. Now is the time for carriers to begin assessing how this newly passed legislation will affect their enterprise-risk-management (ERM) processes, as well as...
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