National Underwriter Property & Casualty-December 5-12, 2011

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  • NAIC’s Plan for Risk, Solvency Assessment Tests Gains Steam

    Denise Tessier

    As part of its Solvency Modernization Initiative (SMI), the National Association of Insurance Commissioners over the last 15 months has been developing requirements for all insurance companies regulated in the U.S. to conduct an Own Risk and Solvency Assessment (ORSA) and report their enterprise risk management (ERM) practices and related...

  • EEOC Eye-Openers

    Chad Hemenway

    An attempt by federal lawmakers to broaden the definition of disability has created a difficult situation for employers, and insurers are already seeing the result with an increase of employment-practices liability claims related to recent amendments of the Americans with Disabilities Act.

  • Euro Crisis Could Prolong U.S. P&C Soft Market

    Mark E. Ruquet

    Europes sovereign-debt crisis could impair the U.S. property and casualty industrys ability to change the course of the soft marketif it results in the economy falling into another recession, according to one industry consultant.

  • PCS Increases Loss Estimate for Hurricane Irene

    Chad Hemenway

    Hurricane Irene appears to have a better chance of cracking a list of the Top 10 most costly U.S. hurricanes after a sizable increase in estimated losses was released from Property Claims Services (PCS).

  • Greenberg’s Starr International Sues U.S. Over AIG Bailout

    Chad Hemenway

    Starr International Co., run by former American International Group Inc. CEO Maurice Hank Greenberg, has filed a lawsuit against the United States, claiming the government violated the Constitution when it took majority ownership of AIG without compensating the companys shareholders.

  • 12 Key Coverage Areas for 2012

    Bryant Rousseau

    With the New Year just around the corner, we offer a preview of a dozen topics and trends that will be a focus of NUs coverage in 2012.

  • Three Reports Point to Keenly Disappointing P&C 3Q, 9-Month Results

    Phil Gusman, Chad Hemenway

    When looking at the property and casualty industrys performance for the first nine months of 2011, or even just the third quarter, the news is the same: sharply declining profits and underwriting results compared to the same periods in 2010, according to three recent reports.

  • ADA Amendments: Broader Definition Likely to Cause Spike in Claims

    Chad Hemenway

    An attempt by federal lawmakers to broaden the definition of disability has created a difficult situation for employers, and insurers are already seeing the result with an increase of employment-practices liability claims related to recent amendments of the Americans with Disabilities Act.

  • EPLI Risk-Management Survival Guide

    Gerald L. Maatman, Jr.

    Navigating the scope of human-resources law is more important than ever in 2012. Here are 10 steps that will help keep risk managers ahead of the curve.

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