National Underwriter Property & Casualty-June 13, 2011

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  • Benmosche: AIG ‘Still A Very Strong Company’

    Caroline McDonald

    At the Bermuda Captive Conference in Southampton, Bermuda last week, conference keynoter Robert H. Benmosche, president and CEO of AIG, sat down for an exclusive interview with NU to discuss public perception of his company and if he would change anything about the past.

  • ERM: The Five-Course Meal

    Denise Tessier

    Like serving any large, multi-course meal, ERM projects can be large, intimidating, tough to coordinate, and difficult to digest. In tackling an ERM rollout, breaking down the project into components is essential for success.

  • Joplin Aftermath: A Reporter’s Notebook And Video Diary

    Bryant Rousseau

    To experience firsthand how the insurance industry is responding to the tornado that took out a large swath of Joplin, Mo. on May 22, I “embedded” on June 7 with State Farm Insurance, meeting with a local agent, two catastrophe claims representatives and an auto-lines specialist.

  • Insurance In Action: A Day In Joplin With State Farm

    Bryant Rousseau

    Last week, I had the opportunity to spend a day in Joplin, Mo., with members of the State Farm team—witnessing the company’s concerted response to the devastating tornado that ripped through the city, leaving more than 140 dead and 1,000 injured (see my Reporter’s Notebook on page 6).

  • New Allstate Distribution Strategy Draws Fire From Agents

    Mark E. Ruquet

    Allstate unveiled plans to revamp its distribution channels and its business strategy to grow its property and casualty business, but the executive director of the company’s agents’ association has criticized the plans.

  • MarketScout: May P&C Market Declines 4 Percent

    Mark E. Ruquet

    Despite market conditions that should be edging pricing up, the U.S. property and casualty market still remains soft with composite rates in May running at minus-4 percent, according to online insurance-exchange MarketScout.

  • Why RMS Revised Its Hurricane Model

    Robert Muir-Wood

    On June 2, the Florida Commission on Hurricane Loss Projection Methodologies approved a new hurricane model from Risk Management Solutions. In an article written in March, just after the February model-release, Chief Research Officer Robert Muir-Wood offers a closer look at the model and the science behind it

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