National Underwriter Property & Casualty-July-26, 2010

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  • Aon Draws Fire On Contingency Move

    Mark E. Ruquet

    After several years of doing without contingent commissions, insurance broker Aon said it plans to begin accepting bonus compensation from carriers once again.

  • Surveys Shows No Letup In Soft Commercial Market

    Mark E. Ruquet, Caroline McDonald

    There appears to be no relief for insurers in the buyer's market for commercial property and casualty coverage, as excess capacity and falling demand have prompted average rate cuts to accelerate.

  • Hurricane Ike 'Slab' Claims Settled By TWIA For $189M

    Katharine Rose

    Almost two years after Hurricane Ike nearly wiped out the town of Galveston, Texas, the Texas Windstorm Insurance Association has agreed to pay an estimated $189 million to policyholders whose homes were destroyed by the storm.

  • Insurers Blast Flood Bill Over Concurrent Causation

    Arthur D. Postal

    The House passed a five-year extension of the National Flood Insurance Program, but a concurrent causation amendment is prompting fierce industry opposition, and it is unclear whether the Senate will even take up the measure this year.

  • Who Will Cover My Shrunken Heads?

    Chad Hemenway

    In collecting, there is a passion, a sense of pride, and oftentimes a story that transcends the material structure of a particular item or group of possessions.

  • Mutual Insurers Must Adapt To Survive

    Charles Desmond, Eric Hubicki

    Mutual insurers have a highly successful history in the United States and enjoy a loyal following among their clients, who like the personal service and value they are able to provide.

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