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Chad Hemenway
The U.S. P&C industry in 2011 posted its worst combined ratio since 2001and net income dropped more than 45 percent, according to a joint analysis conducted by three industry groups. But a separate report points to more profitable results in Q1 2012.
Bonnie Cavanaugh, E&S Editor
The indoor-facilities markete.g., sports centers that offer trampoline use and wall climbingappears to be growing and expanding, says Mark Nichols, managing director of the accident and health unit of Markel Corp. in Glen Allen, Va. This could be an area in which agents and brokers can specialize.
Chad Hemenway
Claims filed after mid-April severe-weather events in the Plains states are quickly piling up.
Bonnie Cavanaugh, E&S Editor
Basic insurance needs for sports camps are General Liability and Accident/Medical Insurance along with Participant Legal Liability coverage, which is unique to sports camps and covers bodily injuries not included in a GL policy, says Lori Windolf Crispo, managing director for the sports programs division at Bollinger Insurance in Short...
Arthur D. Postal
Insurance agents selling flood-insurance policies will no longer be allowed to cede a portion of their commissions to property owners to induce them to purchase insurancea practice known as insurance rebating.
Chad Hemenway
Customer satisfaction with the auto-insurance claims experience is at its lowest level in three quartersbut consumers may have themselves at least partly to blame.
Bryant Rousseau
From the perspective of a magazine editor, the Risk and Insurance Management Societys annual meeting is the gift that keeps on giving.
Phil Gusman
American International Groups recapitalization efforts have resulted in the insurance giant nearly halving its debt and preferred equity/total capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010, according to a Fitch Ratings Special Report on financial leverage for P&C insurers.
Saying the role of risk managers is growing in importance, the president of the Risk and Insurance Management Society (RIMS) declared there are no boundaries to the level of influence professionals will ultimately have with the C-suite.
While Chubbs fire lab has all the accoutrements of a typical classroomwhite boards and rows of desksit also is the sort of place that would cause the eyes of a child to light upor those of any adult with an inclination to learn how cool stuff works.
Mark E. Ruquet
Chief executives and risk managers see eye-to-eye on necessary risk-professional skill setsbut gaps remain between how the two view the role of risk managers, according to the ninth annual Excellence in Risk Management survey from insurance broker Marsh and the Risk and Insurance Management Society.
Mark E. Ruquet
Whether it is at a local chapter meeting or in the halls of Congress, the Risk and Insurance Management Society is setting an ambitious goal to increase its influence over issues that affect the world of risk, says the associations president.
Bonnie Cavanaugh, E&S Editor
Some types of amateur and youth sports have emerged that are so new or so untested that insurance companies, agencies and brokerages shy away from underwriting them.
Bryant Rousseau
Setting fires in the workplace is frowned upon by most employers, but at Chubb Insurance its an activity thats not only actively encouragedits actually an essential part of the companys profit picture.
Mark E. Ruquet
Hundreds of exhibitors representing myriad insurance interests and specialties assembled at the Risk and Insurance Management Societys 50th annual meeting in Philadelphia. National Underwriter met with them to discuss some of the new offerings they presented to the thousands of risk-management attendees on hand for the four-day event.
Bryant Rousseau
While it may lack the twists and turns of the test tracks used by Porsche and Ferrari, Liberty Mutuals skid pan at its Research Institute for Safety still sees a lot of stomach-churning drivingand the three-acre automotive test area employs a lot of serious science to help make roads safer...
Bonnie Cavanaugh, E&S Editor
Youth team sports have not seen a sharp downturn in interest during the recessionand some sports, like lacrosse, are seeing marked growth.
Bryant Rousseau
When people think of the work done at insurance companies, they probably picture actuaries and underwriters sitting at desks and crunching numbers. But at some insurers, research labs, staffed by highly trained scientists and engineers, play a vital if rarely seen role in discovering ways to reduce losses caused by...
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