National Underwriter Property & Casualty-June-14, 2010

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  • No Turn Without AIG Price Leadership, Carrier Exec Says

    Susanne Sclafane

    Current market conditions may be the "new normal"--lasting for several years-- industry leaders predicted recently, with one attributing the continued softness to the absence of American International Group's historical price leadership.

  • FEMA Says NFIP To Cover Hurricane-Driven Oil Damage

    Arthur D. Postal, Chad Hemenway

    The National Flood Insurance Program will pay claims for damage to homes and contents from oil driven ashore during hurricanes, its officials announced earlier this month.

  • Agency Award Entries Due July 1

    Staff Writer

    Independent agencies have until July 1 to hand in their entries for the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker.

  • Foreshadowing Federal Insurance Rate Regulation

    Charles M. Chamness

    Before Congress and the administration turned their attention to health insurance reform, it was possible to believe insurers could escape rate regulation if they had the option of choosing federal insurance regulation over state regulation.

  • Foreign Tax Bill Likely, But 'A Bad Idea,' Validus CEO Says

    Susanne Sclafane, Arthur D. Postal

    Proposed legislation denying tax deductions for reinsurance premiums paid to offshore affiliates will likely pass through Congress, a Bermuda executive predicted recently, but he criticized the measure as a restriction of free trade.

  • Don't Ask, Don't Tell?

    Staff Writer

    The debate over disclosure of broker compensation took an ugly turn with a lawsuit filed in New York last month, although the most important verdict might not come in the court house but in the court of public opinion.

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