PropertyCasualty360: Property & Casualty Insurance News & Tips

Ex-Aon Chief In Wholesale, MGA Arena

Mark E. Ruquet

Conventional wisdom would say that the time to start a wholesale business is not in the middle of a soft market, when the demand for that business suffers.

Zenith Sale To Fairfax Challenged By Investor Lawsuit Over $1.4B Price

Daniel Hays

An investor advocacy group announced it is suing the board of Zenith National Insurance Corp., alleging Zenith's planned $1.4 billion sale to Fairfax Financial Holdings Ltd. undervalues the company.
Plaintiffs Choosy About Derivative Suit Filings, Lawyer Tells D&O Underwriters

Susanne Sclafane

Carriers and brokers selling Side-A D&O liability insurance coverage by delivering warnings about the increasing severity of shareholder derivative lawsuits may be overstating the trend, according to one attorney involved in a major case.

Big-Time Data Breaches Attract Lawsuits

Laura Mazzuca Toops

With high-profile cases such as ChoicePoint and TJX acting as a lure, plaintiffs' attorneys are increasingly interested in generating class-action lawsuits for data security breaches.
House Moves To Strip Antitrust Shield From Health Carriers, But Spares Med Mal

Arthur D. Postal

Legislation repealing the antitrust exemption afforded health insurers through the McCarran-Ferguson Act, but keeping the shield intact for medical malpractice carriers, was approved overwhelmingly last week by the U.S. House of Representatives.
2010 Is Test Year For E&S Carrier Execs

Susanne Sclafane

It will take guts for executives of excess and surplus lines carriers to get through 2010, especially those who head up publicly traded operations, experts said at an investment analysts' conference recently.
Insurers Pay To Make Buildings Greener

Gina Jones

"Going green" has become a popular catch phrase. This phenomenon is fueled by the current administration, and the agenda is clear.
M&A Likely To Be Limited To Big Companies Buying Small

Susanne Sclafane

Although making acquisitions is a prudent strategy for forward-thinking surplus lines insurance executives seeking to build their organizations, potential sellers are unlikely to agree to lower the deal prices offered, experts recently warned.
Agents OK Overall, But Provide Little Joy

Mark E. Ruquet

A survey of U.S. consumer experience with a variety of professions finds they rate their interactions with independent insurance agents as less than enjoyable.
NAIC To Fight Obama Plan To Regulate Health Ins. Rates

Phil Gusman

The National Association of Insurance Commissioners is ready to fight any provisions in proposed health care reform legislation that would allow federal preemption of state insurance rate regulation.
Back On The Hot Seat

Staff Writer

Insurers remain their own worst enemies. They keep shooting themselves in the foot!
Struggling Economy Driving More Fraudulent Claims Activity

Phil Gusman

Property and casualty insurers are seeing rising loss costs, increased levels of litigation and higher rates of fraudulent claims because of the struggling economy, a recent survey revealed.
Additional Insureds Pose Hazards For E&O Buyers

Damien Magnuson

Professional liability brokers repeatedly receive requests from policyholders to add the buyer's clients onto errors and omissions policies as additional insureds.

National Underwriter Property & Casualty-March-01, 2010

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