National Underwriter Property & Casualty-March 12, 2012

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  • Kennametal & Catastrophes

    Dave Lenckus

    Kennametal Inc., a Fortune 1000 company that manufactures metal-product solutions for various industries, was not materially affected by the catastrophe in Japan, nor would a catastrophe elsewhere around the globe likely impair its operations extensively, says Michael Murphy, the companys manager of global P&C insurance.

  • Resilient Cities: Urban Sustainability for the 21st Century

    Matthew F. Power

    In the wake of tragedies such as Hurricanes Katrina, Ike, Wilma and Irene, as well as the devastation wrought by the Japanese earthquake and unprecedented levels of wind events across the United States, experts have begun to consider the issues of urban resiliencyspecifically concentrating on unique characteristics that either reduce...

  • Cat-Bond Fever

    Bryant Rousseau

    I spent half a day last week meeting with executives from various divisions of Verisk Analytics, parent company of such well-known industry brands as ISO and AIR Worldwide (Verisk has so many P&C-focused business units under its umbrella that I would have needed half a month to meet with leaders...

  • A Truckload of Trouble: Defining ‘Wetness’ Coverage

    Diana B. Reitz, CPCU

    Oh, the ironies of insurance and disposable-diaper material. An FC&S Online subscriber recently contacted us about a claim in which a truckload of the absorbent material used to make disposable diapers was ruined by, of all things, wetness. The very thing the material was meant to absorb became its demise...

  • CAA Increases Volume by 21%

    staff Writer

    Premium volume for Combined Agents of America LLC, an Austin, Texas-based agency-cluster group, grew by 21 percent in 2011 with the addition of three new members and increased organic growth.

  • One Common Thread: Great Mentors

    Caroline McDonald

    All three young risk managers who spoke with NU cited a common influence on their careers: a mentor who helped to show them the ropes.

  • California Residents Ignited Over Wildfire Maps

    Robert Regis Hyle

    After writing recently about the predictive modeling now being done by Pitney Bowes Software and Anchor Point Group for the emerging risk of wildfires in this country, I was amused to see the following headline in the Orange County Register: Residents worry new fire maps mean higher insurance rates.

  • 3 Tips for Controlling Workers’ Comp Medical Costs

    Dave Lenckus

    The National Council on Compensation Insurance Inc. (NCCI) reports that medical services now represent 60 percent of Workers Comp claim costs. In the past, indemnity costs made up the biggest part of the Workers Comp claim.

  • Supply Chain Risks: Responding to the Wake-Up Call

    Dave Lenckus

    Last year served as a wake-up call for manufacturers on the fragility of their supply chains. Catastrophes in 2011including massive floods in Thailand that disrupted electronic- and auto-parts manufacturerscaused record totals of $105 billion of insured losses and $380 billion of total economic damages worldwide, according to Munich Reinsurance America.

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