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National Underwriter Property & Casualty-March 2013

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  • Workers’ Comp Watch

    Chad Hemenway

    Its no secret that Workers Compensation is a challenging line of business, to say the leastcarrying an annual industry combined ratio well into unprofitable territory (117.2 in 2011the highest in the last decade and the highest among all major insurance lines).

  • High-Tech Tools for Risk Pros

    Anya Khalamayzer

    A look at three customizable solutions that can aid Risk Managers in data analysis, reduce rates, improve claims intel, and provide benchmarking against both past performance and their peers

  • Reporter’s Notebook: NAPSLO Mid-Year Leadership Forum

    propertycasualty360

    The National Association of Professional Surplus Lines Offices (NAPSLO) came full circle on Feb 25-27 by returning to where the organization got its startthe Eden Roc Resort in Miami Beachfor its Mid-Year Leadership Forum. Nearly 600 attendees gathered in the city where the association was birthed in 1974, when an...

  • Risk Managers on WC Success

    Anya Khalamayzer

    RMs Discuss The Impact Of State-Level Reforms, Strategies For Dealing With Common Injuries And Their Favored Carriers

  • Sunshine State of Affairs

    Bryant Rousseau

    Florida Insurance Commissioner Kevin McCarty talks PIP reform, federal oversightand whether its time for a serious look at breaking up Citizens Property, the states insurer of last resort.

  • Conning: Insurers Must Adapt to Changing Landscape, Not Wait for Improvement

    Phil Gusman

    With economic, interest-rate and competitive challenges expected to persist through 2013, part of the title of Conning Research and Consultings latest report aptly sums up the firms recipe for insurance-industry success in a year marked by numerous headwinds: Nothing to Be Gained by Waiting for Things to Get Better.

  • CBI Q&A with Zurich’s Linda Conrad

    Michael Voelker

    The director of strategic business risk management at the carrier discusses the types of supply-chain questions now being asked of clientsand how the answers directly affect limits and pricing

  • Commercial Property Rates to Continue Modest Rise: Aon

    Mark E. Ruquet

    Insurance broker Aon says insureds can expect Commercial Property rates to continue their modest rise through the first half of 2013, with Superstorm Sandy victims bearing the brunt of that increase.

  • Starr Enters U.S. Crop-Insurance Market

    Arthur D. Postal

    Starr Indemnity & Liability Co., a unit of Starr International, is entering the crop-insurance market, following its approval as a provider in the federal multi-peril crop-insurance program for 2013.

  • Mid-Market Cat Bonds: A Checklist for Growth

    Gary Kerney

    The global catastrophe-bond market just wrapped up its second-best issuance year ever: With approximately $6 billion in fresh capital raised, according to the PCS Year-End 2012 Catastrophe Bond Report: Meeting Expectations, 2012 follows only 2007, in which sponsors raised $7 billion.

  • Aging Workforce Raises the Stakes in Workers’ Comp Prevention

    Kevin Ring

    The U.S. workforce is getting older; people are retiring later in life than ever before. And this trend has been a major concern for those in the health & safety field, as traditional wisdom holds that older workers are more prone to suffer more expensive on-the-job injuries.

  • Global Supply Chain Drives Ford’s Need for CBI Coverage

    Michael Voelker

    With a manufacturing process that involves a global supply chain, automaker Ford has had layers of CBI coverage in place for years. The importance of that coverage, structured by Marsh, became apparent after the Japanese earthquake and tsunami. Although Ford cant comment on total claim payments, simply evaluating the magnitude...

  • Skittish Insurers Scrutinize CBI Coverage Requests, But Market Still Open

    Michael Voelker

    Battered by natural catastrophes, Property underwriters have grown cautious of offering Contingent Business Interruption coverage to companies with significant risk. Nevertheless, insurers are still open for business to companies that can answer detailed questions about their supply chains.

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