National Underwriter Property & Casualty-November 7, 2011

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  • At One-Year Anniversary, Strong Optimism But Slow Uptake for LexisNexis Insurance Exchange

    Michael P. Voelker

    One year ago, the LexisNexis Insurance Exchangeresulting from an alliance among LexisNexis Risk Solutions, the Council of Insurance Agents & Brokers (CIAB) and Marketcore Inc.was launched in an early adopter release to 16 brokerages and five member carriers. The systems goal: to simplify the submission of midmarket commercial-lines risks by...

  • Brokers Report Mixed 3Q Results

    Mark E. Ruquet

    Insurance brokers have reported mixed results for 2011s third quarter, with Willis Group Holdings PLC posting an 8 percent decrease in net income; Arthur J. Gallagher posting a 14 percent increase; and Aon Corp. reporting a 38 percent increasebut facing questions from financial analysts over the performance of its consulting...

  • Washington Roundup: Another Short-Term NFIP Extension?

    Arthur D. Postal

    Industry officials are starting to prepare for the prospect of another short-term extension to the National Flood Insurance Program (NFIP), as the deadline from the last extension is fast approaching.

  • Rates ‘Improving,’ But Conditions Not Quite Right for Market Turn

    Chad Hemenway, Phil Gusman

    While executives on third-quarter-results conference calls say they are seeing improvements in the rate environment, Insurance Information Institute President Robert Hartwig believes the stars are not quite aligned yet for a market turnand a recent report suggests the impact of rate increases in 2012 could be tempered by expectations of...

  • Thailand Floods Could Cost Insurers Billions

    Mark E. Ruquet

    Officials in Thailand say insurance losses from months of flooding could cost insurers greatly, with some estimates running as high as $13 billion as floods reached industrial zones.

  • Time to Hire an Economic-Damages Expert?

    Ari Lorin Markow

    The saying timing is everything applies to litigation just as it applies to all other aspects of life. It rings true throughout the course of litigationand often includes the important decision of when to hire an economic-damages expert.

  • Indie Agents Strike Back

    Bryant Rousseau

    In NUs Oct. 17 editorial, I reported on my experience shopping for and choosing a renters insurance policyopting, in the end, to go with USAA after a phone call with one of its representatives (a State Farm agent just up the street from me was also in the running).

  • Insured Losses Mount to $200M for Turkey Quake

    Mark E. Ruquet

    Insured losses from a magnitude 7.2 earthquake that struck eastern Turkey on Oct. 23 are estimated between $55 million and $200 million, according to two catastrophe-modeling firms.

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