National Underwriter Property & Casualty-March 7, 2011

Issue Gallery ›

  • State Farm Takes Underwriting Loss; Net Income Up

    Chad Hemenway

    State Farm said it posted an underwriting loss in its auto insurance business of $2.8 billion in 2010, but improvement in the property and casualty segment overall drove a 200 percent increase in net income for the year.

  • Conflicting Rulings On Defects Leave Looming Questions Over Drywall Claims

    Dave Lenckus

    Is a construction defect an occurrence covered by a commercial general liability policy? That’s the key question for homebuilders and contractors facing Chinese drywall damage claims. The insurance and liability issues are becoming increasingly complicated by conflicting state court rulings over the lingering coverage question.

  • Angst Grows Over Federal Oversight

    Arthur D. Postal

    Signs are emerging that the sigh of relief by large insurance companies that they escaped federal oversight in the post-aig-bailout world may have been premature.

  • Hurting Construction Players See Pockets Of Hope In Tough Times

    Bonnie Cavanaugh, E&S Editor

    Construction-insurance pros see some signs for market improvements in 2012 and 2013, as the economy recovers and projects continue in key industries, such as health care and education. A second round of stimulus funding would also help.

  • Is Faulty Work Ever An Insurable Occurrence?

    David Thamann

    David Thamann discusses two scenarios in which he believes “accidental” faulty workmanship on the part of the named insured should be covered under a CGL policy.

  • An Introduction

    Bryant Rousseau

    Whether you’re an actor, an athlete or an editor, it’s never easy to follow a legend. And after a 29-year career at NU, I don’t think there’s any doubt that Sam Friedman, our former editor-in-chief, qualifies as an industry icon.

  • House Slates NFIP Hearing; Reauthorization Bill May Be Near

    Arthur D. Postal

    A House hearing has been scheduled for March 9 on the status of the National Flood Insurance Program amid signs that legislation reauthorizing the program that passed the House last year will soon be re-introduced—albeit with some changes sought by the industry.

  • Can Charlie Sheen Be Insured?

    Caroline McDonald

    The antics of major Hollywood actor Charlie Sheen have resulted in the cancellation of a multimillion-dollar production and put an entire cast and crew out of work, begging the question: Can this actor still be insured?

  • Architects & Engineers E&O Market Poised For Rate Hikes

    Mark E. Ruquet

    While debate rages over the future direction of the overall property and casualty insurance market, one recent broker survey of a niche market—architects and engineers professional liability—indicates rates could see upward momentum this year.

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