National Underwriter Property & Casualty-May 2, 2011

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  • Allstate Q1 Income Soars On Lower Cat Losses

    Chad Hemenway

    Allstate Corp.’s 2011 first-quarter profit soared on half as much catastrophe-related losses compared to this time a year ago—and capital gains instead of losses.

  • LRRA’s 25th Anniversary: Act Brought Big Changes In Liability Insurance

    Karrie Hyatt

    The Liability Risk Retention Act (LRRA) will be celebrating its 25th anniversary in October of this year, marking many changes in liability insurance during that time. Changes include establishment of the two entities enabled by the LRRA—risk retention groups (RRGs) and risk purchasing groups (RPGs)—as effective alternative risk transfer vehicles.

  • AIG Sued For Hundreds Of Millions By Former Exec, Others

    Arthur D. Postal

    American International Group Inc. could be on the hook for total claims of perhaps $800 million or more related to profits on real estate deals involving AIG’s Global Real Estate unit, according to a lawsuit that could come to trial in New York as early as this summer.

  • Risk Manager Compensation Survey

    propertycasualty360

    The annual risk managers salary survey conducted by NU in partnership with Logic Associates, a leading industry job-search firm, asked 355 risk managers to tell us about their compensation packages (see pages 19 & 21)—and about other key elements of their jobs, such as education levels, reporting structures and overall...

  • Early P&C Earnings Reports Reveal Few Primary Insurer Market-Turn Catalysts

    William Wilt

    The first round of P&C earnings reports for the first-quarter reveal few catalysts for a turn in primary insurance prices. P&C Insurance Analyst William Wilt explores what the first-quarter number may be saying about pricing cycles and capital commitments for both insurers and reinsurers.

  • Ambac Assurance Segregated Claims Payments Delayed

    Mark E. Ruquet

    Ambac Assurance’s segregated account will not begin to make claims payments beginning in May because regulatory officials are not comfortable with the company’s ability to pay claims, officials say.

  • W.R. Berkley Sees Prices Up For First Time In 17 Quarters

    Chad Hemenway

    William R. Berkley, chairman and CEO of W.R. Berkley Corp., says the company isn’t planning any celebratory parties, but for the first time in about four years the commercial-lines writer can say prices during a quarter were up, albeit very slightly.

  • NU Introduces Its Risk Managers Advisory Board

    Bryant Rousseau

    This is now my 10th issue since taking over the reins of NU, and I hope you’ve noticed some subtle changes—greater use of charts and graphs, a weekly page dedicated to data, and a column every issue from our Washington-based reporter.

  • Risk Managers Advisory Board: Mission Statement

    propertycasualty360

    The National Underwriter Risk Managers Advisory Board will provide a national forum for leading risk managers to share their professional expertise, their experiences, and their views on loss control, safety, insurance purchasing and alternative-market issues. It will help NU editors identify the best-in-class solutions to the problems and issues all...

  • Zurich, Chubb Voted Best In Class By Risk Managers

    Caroline McDonald

    From a choice of 50 providers, Zurich and the Chubb Group of Insurance Cos. were named as the no. 1 and 2 overall favorites of insurance buyers in the “Risk Manager Choice Awards” as the “best overall” insurance companies.

  • Survey Specifics

    Rick Flaspohler

    The Flaspöhler Research Group Risk Manager Survey was initiated in 2007 as a biennial study of U.S. Risk Managers’ opinions of commercial carriers. This third Flaspöhler Study is undertaken in partnership with NU.

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