E&S/Specialty

Despite the devastation and billions of dollars in economic damage that Turkey has suffered from Sundays 7.2 magnitude earthquake, the insurance industrys burden should be minimal with one loss estimate at up to $200 million.

Ten insurance trade groups have written representatives of states participating in the Nonadmitted Insurance Multistate Agreement (NIMA) in an attempt to get them on board with what is being called the Kentucky compromise.

Ten insurance trade groups have written representatives of states participating in the Nonadmitted Insurance Multistate Agreement (NIMA) in an attempt to get them on board with what is being called the Kentucky compromise.

Warren, N.J.-based Chubb Corp. says 2011 third-quarter net income dropped 48 percent due mostly to $420 million in before-tax catastrophe losses.

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 productsbut this would be an incorrect assumption.

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 cant afford the standalone solution.