Commercial Business

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  Dr. Doom: The Reckoning

  By Chad Hemenway, PropertyCasualty360.com  |  June 19, 2013

  They used to call Professor Nicholas K. Coch "Dr. Doom." Now they call him quite often.

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  Buffett's Berkshire Hathaway Jumps Over Allstate as No. 2 Insurer

  By Chad Hemenway, PropertyCasualty360.com  |  June 19, 2013

  Warren Buffett’s Berkshire Hathaway, led by the group’s auto-insurance subsidiary Geico, leapt over Allstate in 2012 to become the second-largest P&C insurance group based on net premiums written.

• Why P&C Agencies Fail at Cross-Selling Life Products, and How They Can Improve

  By Peter Klein, Managing Director, Secor Advisors Group, LLC  |  June 19, 2013

  The difference in products and associated services are, in fact, vast; accordingly, the respective agents think, act and work differently, with neither truly understanding the other’s innate product lexicon.

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  Debate Rages Over Minimum Insurance Standards for Cargo Trucks

  By Arthur D. Postal, PropertyCasualty360.com  |  June 19, 2013

  A battle is shaping up between insurers, truckers and plaintiff’s lawyers over a dog that has been sleeping for a long while—minimum insurance requirements for cargo trucks.

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  Obama Administration Threatens Farm Bill Veto

  By Arthur D. Postal, PropertyCasualty360.com  |  June 18, 2013

  The Obama administration has cited increases in crop insurance subsidies as one of the reasons it has threatened to veto the “Farm Bill.”

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  Fireman's Fund CEO Fouche Leaves for Prudential

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 17, 2013

  Fireman’s Fund Insurance Co. has named a new President and CEO, Andrew Torrance, to succeed Lori Fouche, who has left to become president and chief operating officer at Prudential Group.

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  West, Texas Mayor Hopes for FEMA Appeal While Continuing to Handle Claims

  By Chad Hemenway, PropertyCasualty360.com  |  June 14, 2013

  West, Texas Mayor Tommy Muska says the community he leads needs federal funds to pay for what insurance does not.

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  Study: 85% of Insurance Companies Have No Women in Top Positions

  By Anya Khalamayzer, PropertyCasualty360.com  |  June 14, 2013

  A recent study shows gender diversity is lacking across all leadership levels within the insurance industry.

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  Florida Citizens CEO: 'We've Never Been in Better Shape'

  By Chad Hemenway, PropertyCasualty360.com  |  June 14, 2013

  The head of Florida Citizens Property Insurance Corp. says the state-run insurer is well on its way to becoming the true market of last resort for the Sunshine State.

• Severe Weather Threatens U.S. East Coast with Possible Tornadoes

  By Colleen Jenkins, Reuters  |  June 13, 2013

  A severe storm system sweeping the U.S. East Coast on Thursday delayed flights and threatened to snarl work commutes a day after causing several tornadoes, damaging hail and high winds across the upper Midwest.

• Wildfires Spread in Colorado

  By Staff Writer  |  June 12, 2013

  Wildfires are consuming thousands of acres in Colorado, destroying up to 100 homes and causing many more evacuations as federal officials struggle to mobilize and fight the blazes.

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  Eastwood: Despite New Market Dynamics, More 'Float' for Buffett is Possible

  By Chad Hemenway, PropertyCasualty360.com  |  June 12, 2013

  Warren Buffett’s Berkshire Hathaway is in the commercial market for the long haul, despite new capital potentially dampening the momentum of rate increases.

• Hartford Expands Liability Options for Small, Midsize Businesses

  By Staff Writer  |  June 12, 2013

  The Hartford says it has enhanced its private company management liability offerings with Private Choice Ovation, a package policy with updated and expanded coverage options for small and midsize businesses.

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  Prepare your Clients for Occupational Crime

  By Christopher Giovino  |  June 12, 2013

  A 28-year law enforcement veteran provides a step-by-step process to prepare your customers for the worst-case scenario.

• Efforts to Delay NFIP Rate Hikes Are Coming Too Late, Industry Exec Says

  By Arthur D. Postal, PropertyCasualty360.com  |  June 11, 2013

  It will be extremely difficult for Congress “to delay a train that is nearing its destination,” an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

• Aon Interactive Map Lets Businesses Measure Employees’ Risks Abroad

  By Staff Writer  |  June 11, 2013

  WorldAware Solutions, Aon Risk Solution’s travel-risk management platform, has been upgraded with an interactive map that helps companies visualize the intersection of their employees abroad and the risks of their geographic locations.