National Underwriter Property & Casualty-December-06, 2010

Issue Gallery ›

  • EPLI & Punitive Damages: Coverage Exists, But Be Careful

    Tom Hams

    The $250 million punitive damage award in the gender discrimination lawsuit against Novartis has triggered renewed interest by risk managers in the availability and insurability of punitive damages under employment practices liability insurance.

  • NCSL Drafts Resolution Supporting NCOIL's SLIMPACT

    Arthur D. Postal

    The National Conference of Insurance Legislators (NCOIL) appears set to win the support of another state legislative trade group for its interstate compact designed to implement the surplus lines reform law passed by Congress earlier this year.

  • Overcapacity Dampens Marine Market

    Mark E. Ruquet

    The marine market has seen improvements compared to last year as shipping has picked up after the economic crisis of 2008, but both insurers and the shipping industry continue to suffer from overcapacity.

  • The Illusion Of Shared Burden

    Mark E. Ruquet

    Just after this year's midterm election, I went on vacation overseas. My first stop was London, where a local paper greeted me with two concerning headlines.

  • AIG Issues $2B In Bond Sale

    Mark E. Ruquet

    American International Group issued $2 billion in bonds, the first time it has issued debt since the government bailout of the company in 2008.

  • Many In Bermuda See 3Q Income Dive

    Chad Hemenway

    A number of Bermuda insurers reported significant drops in net income in the third quarter of 2010--many within the 20-50 percent range, with declines primarily related to the New Zealand earthquake and other smaller catastrophes.

  • EPL Insurers Brace For Severe Recession Claims

    Susanne Sclafane

    As employment practices liability lawsuits fueled by the recessionary job cuts move forward, experts see mixed signals for claims severity, including a possible fourfold spike in the level of emotional distress awards in successful cases.

  • Risk Management Needed For Health Care Workers' Safety

    Caroline McDonald

    At a time when experienced health care professionals are in short supply and budgets are under pressure, safety hazards in the health care industry are putting employees at risk, according to an industry report.

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