National Underwriter Property & Casualty-February 27, 2012

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  • I Want it Back: Fixing a Ferrari

    propertycasualty360

    A Chartis client with a Ferrari Enzoone of 400 madewas driving too enthusiastically and put it into a wall, says Ron Fiamma, vice president and director of private collections with Chartis Private Client Group. The claims adjusters determined the vehicle was a total loss and were ready to write a...

  • Integro Says Revenues Surpass $100M Mark

    Mark E. Ruquet

    New York-based insurance broker Integro says its revenues in 2011 increased 21 percent to $101 million.The privately held firm says the revenue gain is similar to gains it made in 2010.

  • Former Aon CEO: Specialty Skills Key to Success

    Mark E. Ruquet

    Develop a specialty in the insurance business and you will never have to worry about staying employed, Patrick G. Ryan, founder and former chief executive of the insurance-brokerage firm Aon, declared during a Feb. 16 address in New York.

  • Good Investment Vehicles

    propertycasualty360

    While an unabashed love of classic cars is what really drives collectors to spend millions or even tens of millions on the hobby, the purchasesin addition to providing ego boosts and adrenaline rushesoften prove to be good investments as well.

  • Ratings Agencies Break Down Implications of Possible Hartford Split

    Michael Stanley, Phil Gusman

    If the Hartford decides to split its P&C and Life operations, as proposed by a hedge-fund manager who owns an 8.4 percent stake in the company, the P&C operations would have a more favorable credit outlook than would the Life operations alone, according to Moodys Investors Service.

  • Billion-Dollar Market

    propertycasualty360

    Just how big is the Classic & Collectible Car niche? No one is quite sure, with estimates of annual premium ranging from $500 million to $2 billionalthough the majority of industry experts feel $1 billion is a pretty accurate estimate.

  • Earlier Attempt to Depopulate Citizens

    propertycasualty360

    As Florida officials came to realize they had a serious overexposure problem with Citizens, the states insurer of last resort, the legislature took steps in 2007 to depopulate Citizens: The law written then, still on the books, permits admitted depopulation companies to take approved batches of policies.

  • Telematics: The Next Equalizer for Personal Auto Carriers

    Robert Regis Hyle

    The great savior for mid-tier and smaller insurance carriers in the past decade has been the Internet. Regional insurers could suddenly do business in the same manner as national carriers, and customers found it nearly impossible to distinguish between the two.

  • Small Business Holds Its Nose to Vote

    Laura Mazzuca Toops

    One state, two states, red states, blue states: When it comes to what small-business owners are looking for in a presidential candidate, party affiliation doesnt seem to count for much.

  • Best Practices for P&C Insurers in 2012

    Mike Jackowski

    P&C insurers have had a taste of doing business in 2012, and they realize they are dealing with a tough environmentone in which little or no organic customer growth exists to fuel corporate growth. Gaining market share means taking it away from someone else, so the level of competitiveness in...

  • A Measure of ‘Last Resort’

    Chad Hemenway

    Throughout the country surplus-lines carriers are being affected by newly enacted and proposed legislation, but a measure being mulled in Florida is looking at these unregulated high-risk writers to help save the states residential market.

  • Racy Risks

    Bryant Rousseau

    Although many collector cars are of the type that call out for pedal-to-the-metal speedsFerraris, Lamborghinis, Maseratisinsurers are, not surprisingly, touchy about these six-, seven- and even eight-figure vehicles competing on the racetrack.

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