National Underwriter P&C October 24-31, 2011
Cover Story
Reinsurance & RMS: New Model, Combined With First-Half Cat Losses, Augur For Double-Digit Rate Increases In 2012
Almost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe models—both the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwide’s revisions released last year but only now making their way through the system....
Market Report
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Not Totally Terrible: Equity Analyst On Reinsurance Sector
Almost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe models—both the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwide’s revisions released last year but only now making their way through the system....
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Catastrophe Contrarian
Almost every discussion of 2012 reinsurance rates for U.S. property risks touches on major changes in catastrophe models—both the recently released Risk Management Solutions (RMS) version 11.0 U.S. Hurricane Model; and, to a lesser extent, AIR Worldwide’s revisions released last year but only now making their way through the system....
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Cyber Liability Emerging As Top Concern In Lawyers’ Professional Liability Market
Growing exposures in the area of cyber liability are creating new pockets of specialized insurance needs within the lawyers’ professional liability (LPL) market.
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Dodd-Frank & Corporate Investigations: Should D&O Insurance Cover The Cost?
Securities litigator Paul Ferrillo says standalone corporate investigation coverage may be the best solution for risk managers worried about Dodd-Frank whistleblower implications, but he also provides D&O coverage tips for those that can’t afford the standalone solution.
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Professional Liability: A Growing Insurance Need As Ranks Of Self-Employed Swell
Professional-liability insurance is of increasing importance—and popularity—in today’s economic climate as more and more people become self-employed. Agents who have clients providing professional services to others need to know that this coverage is a necessity, especially given our society’s quick-to-sue mentality.
Special Report
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U.S. Workers’ Comp Results Drop Again, A.M. Best Reports
A number of challenges continued in the workers’ compensation segment throughout 2010, causing additional decline in premium volume and deterioration of underwriting results, according to A.M. Best.
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IT Still Largely Responsible For Cyber Risk, Study Finds
Although cyber-risk management is recognized as an enterprise-wide responsibility by many organizations, the IT department still is seen as the front-line defense against information losses and other cyber-liability risks, according to an industry survey of risk-management professionals.
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To Address Looming Talent Crisis, Associations Launching Programs To Lure Students To Insurance
It is no secret that the insurance industry is in the middle of a generational crisis as experienced managers and producers begin to look at retirement—and are discovering that there is a dearth of younger leaders ready to take their place.
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Money For Young Minds
The Council of Insurance Agents & Brokers (the Council) set up the FAME (Foundation for Agency Management Excellence) scholarship five years ago to help college students get an education in the insurance industry, explains Julia Kramer, senior vice president of leadership and management resources for the Council and director of...
News
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Industry Facing Growth Challenges; May Turn To Expense Reduction
A new report by Conning Research & Consulting offers a “gloomy” view on growth prospects for the property and casualty industry, and an industry analysis from Keefe, Bruyette & Woods (KBW) suggests insurers reconsider cost reductions, including reducing salary, to improve profitability in the face of economic and market challenges.
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Senators Oppose Flood Coverage Revision; FIO Calls For Comments On Insurance Issues
Two Gulf-Coast senators are seeking to remove a Senate flood-insurance legislation provision requiring flood coverage in areas already protected by levees, dams or other flood-control structures.
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Volatile Pricing Challenges Brokers
Insurance pricing remains volatile, affecting the growth of insurance agencies and brokerage firms, says the chief executive of Brown & Brown.
Opinion
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Taking Wing
Everyone in the property-and-casualty sphere—and the insurance universe more generally—knows that of all the problems we face, one of the gravest centers around the question of succession.
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Self-Funded General Liability Policies Remain Attractive Despite Soft Market
In a soft market, one might think that alternative-risk solutions such as captives and rent-a-captives completely lose their value in light of the attractive pricing of traditional insurance products—but this would be an incorrect assumption.
