PropertyCasualty360: Property & Casualty Insurance News & Tips

Florida Citizens CEO: ‘We’ve Never Been in Better Shape’

Chad Hemenway

The head of Florida Citizens Property Insurance Corp. says the state-run insurer is well on its way to becoming the true market of last resort for the Sunshine State.
No Small Thing

Shawn Moynihan

I promised myself I wouldnt do it.
Supply-Chain Coverage: Products Lag Behind Risks; Take-Up ‘Disastrous’

Chad Hemenway

The industry is certainly aware of and gaining knowledge about supply chainsbut the products being offered arent necessarily keeping up with the risks, some experts say.
Executive of the Month: AIG's John Q. Doyle

PC360-NU

AIG was the top pick in our Risk Manager Choice Awards as the best overall commercial-insurance provider, Whats the philosophy that sets AIG apart?
4 Steps to Limiting Workers’ Comp Fraud

Joseph J. Abriola

Workers Compensation is a no-fault system that benefits both employees and employers; however, when fraud is involved, fault then attaches.
State of the Reinsurance Market: At Renewals, Some Surprises

Chad Hemenway

Superstorm Sandy was the greatest source of claims in a year otherwise substantially lighter in global catastrophes than 2011but most of the losses wrought by the Northeast disaster were retained by insurers and not their reinsurers, according to a report from reinsurance intermediary Aon Benfield.
Oklahoma Tornado Claims Top 70,000; Payouts Estimated at $562M

Chad Hemenway, Anya Khalamayzer

The Oklahoma Insurance Department (OID) says insurance claims from a series of tornadoes in May have reached 70,782, with insurance payments reaching close to $562 million.
Clery Act Complaints Reminder to Keep On Top of University Legal Liability

Bert Spunberg

Recent complaints and penalties assessed against universities for Clery Act violations are yet another reminder that agents must ensure that Educators Legal Liability coverage is tailored to the needs of their higher education clients.

National Underwriter Property & Casualty-July 2013

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