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The E&S marketplace has had a heady run in the last decade, growing to nearly $38.7 billion in premium in 2006 from $9.2 billion in 1996, according to A.M. Best. Over the same period, its share of the commercial-lines market rose to 14.37% from
At some point in your working life, if you are lucky, you will come to the realization that you've had a fulfilling career, and that the moment has come to retire. In fact, it will seem like the most natural thing in the world. That moment has come
The last time the National Flood Insurance Program came up for reauthorization, at the end of 2003, the program had to be temporarily extended twice before the House, Senate and Bush administration finally were able to reach a meeting of minds and
Nothing focuses the mind like a deadline. So with the clock ticking down to a Dec. 31 expiration of the federal Terrorism Risk Insurance Act, it was not surprising that the House and Senate last month finally agreed on an extension that the White
One of the top legislative priorities for the insurance industry this year has been to see that the Terrorism Risk Insurance Act, which reinsures carriers for terrorism losses, is renewed before its Dec. 31 expiration date. Indeed, it may have been
As a robin or crocus is often regarded as a sign of spring, so is the appearance of a reinsurance broker promoting "reverse flow" business a sure indication of a wicked soft market. Actually, a more apt comparison might be to a groundhog's retreat
As I am writing this, it is late September. In about a week I'll be headed for New Orleans to attend the annual convention of the National Association of Professional Surplus Lines Offices. This will be my first visit to New Orleans since Hurricane
Last month, as we entered the heart of the 2007 hurricane season, several ideas for insuring catastrophic storms began forming like tropical depressions off Cape Verde. Whether any coalesces into a lasting solution for the insurance industry's
I can't decide. Was the decision late last month by the U.S. House of Representatives Financial Services Committee to add windstorm coverage to the National Flood Insurance Program an act of breathtaking a) na?vet?, b) foolhardiness, c)
The insurance industry's performance of late has been remarkable. Consider that in 2005 it was hit with Hurricane Katrina, a $40 billion loss event. Following that disaster, property rates leapt up in affected markets, which in turn attracted new
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So with the clock ticking down to a Dec. 31 expiration of the federal Terrorism Risk Insurance Act, it was not surprising that the House and Senate last month finally agreed on an extension that the White", "body": null }, { "uri": "/2007/11/30/whats-going-on-tria-renewal-effort-shows-von-bisma/", "title": "What's Going On: TRIA renewal effort shows von Bismarck still lives", "byline": " George F. Williams ", "kicker": "", "prettyDate": "November 30, 2007", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/george-f-williams/", "name": "George F. Williams" } ], "kickerNode": [], "summary": "One of the top legislative priorities for the insurance industry this year has been to see that the Terrorism Risk Insurance Act, which reinsures carriers for terrorism losses, is renewed before its Dec. 31 expiration date. Indeed, it may have been", "body": null }, { "uri": "/2007/10/31/whats-going-on-a-harbinger-of-a-long-soft-market-is-spotted-in-tempe/", "title": "What's Going On: A harbinger of a long soft market is spotted in Tempe", "byline": "George F. Williams", "kicker": "", "prettyDate": "October 31, 2007", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/george-f-williams/", "name": "George F. Williams" } ], "kickerNode": [], "summary": "As a robin or crocus is often regarded as a sign of spring, so is the appearance of a reinsurance broker promoting "reverse flow" business a sure indication of a wicked soft market. Actually, a more apt comparison might be to a groundhog's retreat", "body": null }, { "uri": "/2007/09/30/whats-going-on-insurance-and-the-art-that-salves-new-orleans-pysche/", "title": "What's Going On: Insurance and the art that salves New Orleans' pysche", "byline": "George F. Williams", "kicker": "", "prettyDate": "September 30, 2007", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/george-f-williams/", "name": "George F. Williams" } ], "kickerNode": [], "summary": "As I am writing this, it is late September. In about a week I'll be headed for New Orleans to attend the annual convention of the National Association of Professional Surplus Lines Offices. This will be my first visit to New Orleans since Hurricane", "body": null }, { "uri": "/2007/08/31/whats-going-on-proposals-swirl-about-for-handling-hurricane-risk/", "title": "What's Going On: Proposals swirl about for handling hurricane risk", "byline": "George F. Williams", "kicker": "", "prettyDate": "August 31, 2007", "timeToRead": "5 minute", "image": { "uri": "", "width": "", "height": "" }, "authors": [ { "webUrl": "/author/profile/george-f-williams/", "name": "George F. 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