National Underwriter Property & Casualty September 3, 2012
Growth opportunity in the school-insurance arena does exist, and the experts say it’s in charter schools.
Reinsurers’ earnings rebounded during the first half of 2012, a function of relatively low catastrophe losses so far this year and higher rates in the aftermath of the colossal natural-catastrophe losses that pounded the insurance industry in 2011, according to John Welch, president of XL Re America Inc.
The spate of natural catastrophes last year—which caused more than $100 billion of insured damage—“has fundamentally impacted the reinsurance industry’s perception of risk,” says Karl-Heinz Jung, CEO of Allianz Re Asia Pacific.
With forecasters predicting slightly below-average activity for the remainder of the Atlantic hurricane season, relief is tempered by two truths: Some 90 percent of all major hurricane activity typically occurs after August 1. And just one significant land-falling hurricane, which is likely even in a “light” season, can be devastating....
The Federal Insurance Office (FIO) is being told the government should support the private reinsurance market and think long and hard before creating any government backstop that would alter the current system.
It was the storm no one thought—or no one remembered—could happen.
What makes a successful website? Jeff Yates, executive director of the Agents Council for Technology, says a site should possess several key traits.
Although his concerns are not largely related to insurance issues, NU thought it would be interesting to take a look at the issues Ash Gupta wrestles with as the top risk-management executive at one of the world’s best-known financial-services firms.
Marketers of insurance face two challenging problems.
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