National Underwriter Property & Casualty-January 9, 2012

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  • Winds of Change

    Bonnie Cavanaugh, E&S Editor

    As both the price for and controversy around fossil fuels continue to grow, renewable-energy risks are becoming an increasingly standard part of many insurers portfolioswith wind and solar leading the green-power pack, far ahead of biomass production and hydroelectricity.

  • Allstate Reduces Planned Cut to Agent Commissions

    Mark E. Ruquet

    Allstate says it will not cut agents base commissions as deeply as it originally announced, but the head of an agents group says the rank-and-file is still not pleased with the companys move.

  • China Set to Dominate Wind Market

    propertycasualty360

    Wind energy in general is evolving into a product that will soon be dominated by the Chineseso American insurers will need to adapt and learn about these foreign manufacturers to effectively compete in this segment, says Camilo Posada, assistant vice president and senior underwriting specialist at Chubb Commercial Insurance in...

  • The Secret to Selling Multiple Lines

    Jon Picoult

    For decades, diversified insurers have doggedly pursued the Holy Grail: getting customers to purchase from them multiple types of coverage.

  • 2011 9-Month Results Show Weakening Underwriting Performance

    Phil Gusman

    The U.S. P&C insurance industry saw its net income after taxes fall to just under $8 billion for January through September 2011compared to net income of just over $27 billion for the same period in 2010, according to a report by ISO, the Property Casualty Insurers Association of America (PCI)...

  • Aon Scores Another Victory in Alliant Hiring Dispute

    Mark E. Ruquet

    Insurance broker Aon won another round in its ongoing dispute with Alliant Insurance Services Inc. over the poaching of business and employees, which allegedlydid serious harm to Aons Construction Services Group.

  • NFIP Gets Extension to May 31

    Arthur D. Postal

    The National Flood Insurance Program was finally provided breathing space until May 31 through one of President Obamas last actions of 2011.

  • Willis: Underwriting Discipline Comes to P&I Coverage

    Mark E. Ruquet

    The Protection and Indemnity (P&I) market, a broad type of Marine Legal-Liability coverage, delivered a blockbuster financial performance last yearbut predicted poor investment returns and increased claims will spell premium increases for 2012.

  • Some Tweaks for 2012

    Bryant Rousseau

    Happy New Year everyone, and welcome to the first issue of NU in 2012.

  • Goodbye, Soft Market

    Phil Gusman

    The soft-market cycle has come to an end, at least according to Dallas-based insurance exchange MarketScoutwhich declared so in its November Market Barometer.

  • Power Move: Deborah Luthi Takes the Helm as RIMS President

    Caroline McDonald

    As enterprise risk manager for the San Francisco Public Utilities Commission (SFPUC), Deborah Luthis day starts with a 5:45 train to San Francisco, where the organization is involved in several billion-dollar projects.

  • Moody’s Report: Reserve Releases Slow in 2011

    Phil Gusman

    Reserve releases for U.S. P&C insurers through 2011s third quarter totaled $11.4 billiona 14 percent decrease compared to the same time period in 2010, according to Moodys Investors Service.

  • Does Your Legislator Understand You?

    State Rep. George Keiser (R.N.D.)

    Lets gather together 38 mayors; 24 health-care professionals, including veterinarians, dieticians and pharmacists; three organic farmers; three ranchers; three vintners; two former pro athletes; six scientists; five accountants; four ministers; and four sheriffs.

  • Hard-Market Forecast? Not So Fast

    Phil Gusman

    One reason observers may be a little hesitant about conclusively calling a hardening market today is due to incorrect predictions of a market turn in 2008, when the financial crisis hit.

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