National Underwriter Property & Casualty-June 6, 2011

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  • Dealing With A Lousy Legacy

    Mark E. Ruquet

    The insurance industry is a data-driven machine; being able to effectively analyze numbers is a make-or-break, live-or-die issue. Trouble isand its one of the industrys most pressing challengesa great deal of that data is tied up in legacy storage systemssome 30 years old.

  • Vermont Expands Cell-Captive Protection

    Caroline McDonald

    Captives in Vermont will enjoy greater protection of their assets now that a bill has been passed by the state legislature that will allow for the separation of risk within a captive cell.

  • Subrogation: Seeing Success In E-Communication Among Carriers

    Mark E. Ruquet

    While many segments of the insurance industry are struggling mightily with the challenges of modernizing their technology, at least one area of the business has made significant strides in streamlining carrier-to-carrier communication: subrogation.

  • MGAs Focus On Tech Basics, Not Bells & Whistles

    Mark E. Ruquet

    Managing general agents (MGA) face the daunting technology challenge of having to act as a data go-between with all the many groups with which they have relationships—so their focus remains on the basics, not next-generation technology.

  • Auto-Lines Buyers Going Direct To Carriers

    Mark E. Ruquet

    More and more auto-insurance buyers are changing their habits and going direct to such carriers as GEICO and Progressive. This presents a big technology challenge to independent agents and the companies that distribute through them.

  • Seasonal Staffing Needs Carry Stark Risks For Govt. Entities

    William F. Stinson

    In the current austere economic climate, there is valid concern among government entities that reduced budgets will hamper their ability to fund the appropriate risk-control tactics and polices around hiring and screening seasonal employees and volunteers. Just one instance of sexual abuse or molestation can generate great economic costs to...

  • PwC Expert: Top 4 Tech Challenges

    Mark E. Ruquet

    Anand Rao, principal with PricewaterhouseCoopers’ Diamond Advisory Services, lists four key technology developments that insurers must fully understand the implications of—and aggressively take advantage of—to remain competitive in the years ahead:

  • Appeals Court Justices Question Attorneys In MBIA Hearing

    Mark E. Ruquet

    Justices for the Court of Appeals for the State of New York peppered attorneys with questions for close to 45 minutes during a hearing on whether a group of banks can go ahead with a lawsuit against bond-insurer MBIA.

  • Hurricane Season Arrives Amid Strained Cat Budgets

    Chad Hemenway, Phil Gusman

    As updated hurricane predictions continue to point to an active season with a greater chance of U.S. landfall, Fitch Ratings has warned that the season is approaching as many reinsurers have already used up their catastrophe budgets.

  • Bermuda Gaining Steam As Captive Formations Build

    Caroline McDonald

    With the captive insurance industry at a relative crawl over the past few years, an upward trend reported by several domiciles in 2011, including Bermuda, has generated enthusiasm in the captive industry.

  • Handling Hard Times: Public Risk Management, Post-Financial Meltdown

    Caroline McDonald

    How are public-entity risk managers faring in light of the financial crises that many cities, counties and public schools are facing as tax revenues decline? To find out, NU interviewed two public-entity risk managers: one who runs risk-management operations for a city in Georgia; and another who oversees the efforts of...

  • What To Do When Evacuation Isn’t An Option

    Donald L. Schmidt

    Evacuation is not the only protective action for which those in charge of workplace safety need to plan. What would you do if there were an approaching tornado or a chemical plume drifting towards your building? Or civil unrest in the streets? “Shelter-in-place” plans also should be an important part...

  • Intern Programs: Great Way To Grab New Talent

    Shirley Lukens, Brian McNeely

    An increasing number of agencies are implementing internship programs as a way of identifying and recruiting top performers before they choose other careers.

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