National Underwriter Property & Casualty-May-10, 2010

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  • Disaster Losses Magnified By Short-Sighted Planning

    Charles Bauroth

    Depending on where an organization is located, the phrase "natural catastrophe" may encompass hurricanes, floods, earthquakes, hail, tornadoes, blizzards, landslides and possibly tsunamis.

  • Pay Your Own Bills!

    Staff Writer

    They say that he who pays the piper calls the tune. So why don't more risk managers just pay their brokers a set fee, rather than complain about contingent commissions corrupting the insurance placement process?

  • Out of State Agents Warned About N.Y. Disclosure Rules

    Arthur D. Postal

    Anxiety is growing within the agent and broker community about rules in New York going into effect in January 2011, requiring them to disclose to their clients information about compensation received from insurers.

  • Lloyd's Record Profits For 2009 May Be Tough To Top As Cats Loom

    Caroline McDonald

    Lloyd's achieved a record profit of ?3.87 billion--that's $5.9 billion, in current exchange rates--to go along with a sparkling combined ratio of 86.1 last year despite a severe economic contraction and stubbornly soft commercial insurance pricing.

  • Republicans Question G-Fund Adequacy

    Arthur D. Postal

    U.S. Senate Republicans believe failure to increase federal oversight of large insurance companies is a major deficiency of financial services reform legislation, questioning whether state guaranty funds are adequate to deal with large carrier failures.

  • 'Gremlins' Can Wreck Disaster Recovery Plans

    Don H. Donaldson

    While most businesses do a fairly good job of identifying the global threats to business operations, they often don't realize the smallest details can undermine seemingly robust business continuity or disaster recovery plans.

  • Gaps Can Pose Hazards To Disaster Recovery

    Caroline McDonald

    Risk managers looking to fully cover their commercial property losses and get back into business quickly after a catastrophe need to look way beyond the obvious, dissecting and accounting for a variety of potential coverage gaps.

  • Insurers Fight Move To Limit Fed Power Over Trade Deals

    Arthur D. Postal

    Trade groups called on the Senate last week to reject an amendment to financial services reform legislation they charge would "substantially weaken" the ability of a proposed Office of National Insurance to address "critical" trade issues.

  • 'Agency Of The Year' Award Entries Sought

    Staff Writer

    Independent agencies are invited to enter the 2010 Commercial Insurance Agency of the Year Award program, run by National Underwriter and American Agent & Broker, with entries due by July 1.

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