About the Author
Bryant Rousseau, PropertyCasualty360.com
Bryant Rousseau is the editor-in-chief of PropertyCasualty360.com and of Property Casualty 360 – National Underwriter magazine, the 116-year-old “bible” of the P&C insurance industry. He is also group editorial director at Summit Business Media, overseeing three other print magazines: American Agent & Broker, Claims and Tech Decisions. Rousseau has nearly 20 years of experience leading top business publications and has won over 25 major journalism awards—including 13 Jesse H. Neal Awards, the Pulitzers of the business press. Prior to joining Summit Business Media, he worked at such major media companies as McGraw-Hill, Time Inc. and The Nielsen Company. He is a Phi Beta Kappa, magna cum laude graduate of Amherst College. Rousseau may be reached at brousseau@sbmedia.com.
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By Bryant Rousseau, PropertyCasualty360.com |
March 29, 2013
PC360's Bryant Rousseau recently sat down with Florida OIR Commissioner Kevin McCarty in his Tallahassee office to discuss recent initiatives in the state—and to find out what the Immediate Past President of the National Association of Insurance Commissioners (NAIC) thinks is the appropriate role of the federal government in insurance...
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By Bryant Rousseau, PropertyCasualty360.com |
March 8, 2013
Florida Insurance Commissioner Kevin McCarty talks PIP reform, federal oversight—and whether it’s time for a serious look at breaking up Citizens Property, the state’s insurer of last resort.
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By Bryant Rousseau, PropertyCasualty360.com |
February 5, 2013
When it comes time for an agency founder to sell, agency aggregators often put the highest dollar figures on the table. But many owners believe it’s “a whole lot better for their legacy to perpetuate the agency with the people who have grown it and have the [client and carrier]...
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By Bryant Rousseau, PropertyCasualty360.com |
February 5, 2013
One climate-change related threat insurers say is worth watching—and losing some sleep about: Class-action suits against carbon-based energy companies, accusing them of causing global warming and therefore being liable for the resulting damages.
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By Bryant Rousseau, PropertyCasualty360.com |
February 5, 2013
California is one of the three states, along with New York and Washington, that has initiated the joint administration of a survey asking all insurance companies writing more than $300 million in direct written premium to discuss the steps they are taking to address climate change.
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By Bryant Rousseau, PropertyCasualty360.com |
February 5, 2013
Looking to restructure some debt stemming from acquisitions and to fund the buyout of its majority owner, Tex-Cap Concord Insurance Services—a Dallas-based insurance agency that places commercial, personal and employee-benefits business—tapped Oak Street Funding for a multimillion-dollar loan.
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By Bryant Rousseau, PropertyCasualty360.com |
February 5, 2013
Few—if any—industries would seem to face a greater existential threat from the effects of climate change than insurance. As flood waters rise, as hurricanes and tornadoes grow more intense and as droughts last longer, trillions of dollars of insured assets are at risk. In the ugliest scenario imaginable, even the...
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By Bryant Rousseau, PropertyCasualty360.com |
February 4, 2013
Marsh’s clients—especially those with J.D.s—are big fans of the brokerage’s ability to secure coverage for known conditions.
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By Bryant Rousseau, PropertyCasualty360.com |
February 4, 2013
Given the breadth of its client base—and the complexities of Environmental exposures—it’s inevitable that Marsh’s clients will encounter risks for which no insurance solution exists. In these situations, the Environmental practice, which prides itself on its innovation, will work to develop a risk-transfer product that addresses the gap and then...
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By Bryant Rousseau, PropertyCasualty360.com |
February 4, 2013
Chris Smy, global practice leader
for Marsh’s Environmental team, is the first to describe his own path to his current position as “unusual.” After a long stint in the British armed forces, Smy wanted the next phase of his career to align with the intellectual stimulation he found in science...
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By Bryant Rousseau, PropertyCasualty360.com |
February 4, 2013
Chris Smy & co. are securing clients by changing the dialogue around the “P” word and focusing on operational risk—and having an in-house environmental-consulting firm doesn’t hurt.
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By Bryant Rousseau, PropertyCasualty360.com |
February 4, 2013
Here is a snapshot view of some of the key emerging issues in Environmental cover that came up in PC360-NU’s in-depth meetings with members of Marsh’s Environmental team.
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By Bryant Rousseau, PropertyCasualty360.com |
December 28, 2012
Low interest rates, rather than storm losses, are driving the bulk of the rate increases in the insurance industry, says a company CFO.
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By Bryant Rousseau, PropertyCasualty360.com |
December 28, 2012
While technology has made it inarguably easier for consumers to purchase policies direct online from an insurer, one insurance executive says he is “doubling down on agents,” giving them increased underwriting and claims authority.
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By Bryant Rousseau, PropertyCasualty360.com |
December 28, 2012
While the goal of the Common Framework for the Supervision of Internationally Active Insurance Groups is to reduce complexity, cost and redundancies in the regulatory process, panelists at a recent forum opined that the initiative is headed in the “wrong direction.”
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By Bryant Rousseau, PropertyCasualty360.com |
December 27, 2012
In one of his last public statements before stepping down as CEO of Philadelphia Insurance Cos. on Jan. 1, Jamie Maguire shared some of the strategies that help set his company apart.