National Underwriter Property & Casualty-January 2013

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  • Destination: Risk Prevention

    Shawn Moynihan

    As vice president of Risk Management for Hyatt Hotels Corp., a Fortune 1000 company with nearly 500 properties in 45 countries, Mark Baker is responsible for every aspect of the companys global insurance program, as well as its health & safety, Workers Compensation, claims-management and crisis-management functions.

  • Suing After the Storm

    Jared Zola, Jeffrey L. Schulman

    Often following the large-scale devastation wrought by severe-weather events such as Superstorm Sandy are lawsuits against individuals and entities responsible for protecting, managing and maintaining the buildings that suffered serious damage in the storms wake.

  • Rate Forecast For Specific Lines

    Chad Hemenway

    In 2013 the insurance industry can expect continued average rate increases of below 10 percent along all lines of business, says Marla Donovan, vice president of product development at insurance wholesaler Burns & Wilcox. General Liability is up 3-5 percent, she says, and professional lines are not seeing any reductions....

  • Thinking of an Agency M&A? Answer These Two Questions First

    Rick Dennen

    If you apply the notion of a chain being only as strong as its weakest link to an insurance agency, companies embarking on mergers or acquisitions would be wise to invest time and money to uncover any potential problem points, even seemingly small ones, before a sale is finalized. Although...

  • Unsolicited Advice for NAIC’s Next CEO

    Neil Alldredge

    Given my skepticism and well-known public criticism of all things NAIC, I realize Im probably the last person the groups leadership would seek out to advise it on its search for a new CEO. And I know full well the value of unsolicited advice (my Dad used to remind me...

  • 2013 Forecast

    propertycasualty360

    With the New Year upon us, PC360-NU spoke with top brokerages, carrier executives, agency associations and Main Street agents in local markets to discover where the greatest challenges and opportunities for producers lie in 2013.

  • Cyber: Sexy

    Michael P. Voelker

    Cyber insurance maintained its double-digit premium-volume growth in 2012, with capacity high, pricing competitive and buyers increasingly willing to pull the trigger on both third- and first-party coverage. Thanks to a proliferation of data breaches, an ever-increasing number of regulations around the protection of private information, and the growing availability...

  • Steady As She Goes

    Chad Hemenway

    Over and over again, one word prevails in discussions about rate increases in 2013: modest.

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