PropertyCasualty360: Property & Casualty Insurance News & Tips

Power Hitters: NU's Top 100 Premium Rankings

Shawn Moynihan

NUs annual rankings, based on data from SNL Financial, offer an overall look at the P&C insurance industrys performance in 2014, with intel on net premiums written, percentage growth and combined ratios for both companies and groups.

IRS Explores Micro-Captives’ Tax Fraud

Caterina Pontoriero

The Internal Revenue Service (IRS) and Congress have launched campaigns to investigate small (or micro) captive insurers in recent months. According to law firm Duane Morris, a number of advisors, accountants and estate planners have been using micro-captives to benefit from tax and estate planning purposes, instead of using them...
Bring Empathy to Claims

John Gregory Service

When working as a casualty claims adjuster for a major insurance company, I carried blank drafts to settle claims. While there was a limit, I had the authority to settle the claim up to that dollar amount.

Forensics Firm Approved for Drone Use

Patricia Harman

Forensics investigation firm Donan received its second FAA exemption for the use of unmanned aerial vehicles (UAVs, also known as drones), joining an elite group that includes insurance carriers such as State Farm, USAA and AIG. The exemption applies to its fleet of fixed-wing multi-rotor UAVs, which can be used...
Supplementary Payouts: What's Covered?

David D. Thamann, JD, CPCU

Most if not all liability insurance policies have clauses dealing with supplementary payments: the standard Business Auto policy (BAP), Personal Auto policy (PAP), and General Liability policy all contain supplementary payments sections.

National Underwriter Property & Casualty-July 2015