National Underwriter Property & Casualty-October 22, 2012

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  • Brown & Brown Q3 Net Income Rises 12%

    Mark E. Ruquet

    Dayton Beach, Fla.-based insurance broker Brown & Brown saw its net income rise 12 percent ($5.33 million) in 2012s third quarter to $49.5 million. Revenues were up 17 percent ($43.4 million) to $303.8 million.

  • Reinsurance Roundup: Tornado Losses Drive Demand for Aggregate Protections

    Staff Writers

    Severe tornado and hail events across the U.S. have significantly impacted the results of U.S. insurers (severe storms caused $25 billion in losses in 2011), leading them to re-evaluate coverage and pricing considerations and to look for products that specifically address these risks, says Christina Cronin, senior vice president of...

  • Extra Credit: Continuing Education Options for Risk Managers

    Anya Khalamayzer

    The traditional defense-oriented, insurance-based role of the risk manager is giving way to an opportunities-driven approach linked to corporate strategya trend that is pushing risk professionals to seek continuing education (CE) courses teaching the business skills they need to stay competitive in todays market.

  • Plumeri Stepping Down as Willis CEO

    Chad Hemenway

    Joe Plumerithe man who removed the door from his office to drive home his philosophy of transparency as he returned Willis Group to public ownershipis stepping down as chairman and CEO of the worlds third-largest brokerage.

  • Scottsdale’s Michael Miller: E&S Expert

    Bryant Rousseau

    Since 2004 Michael Miller has been president of Scottsdale Insurance, a leading E&S underwriter. Miller has 35 years of insurance-industry experience, with 26 of those years spent with Nationwide, Scottsdales parent company. Here he talks about the current market cycle, lines Scottsdale is targeting for growth, and why E&S carriers...

  • Aviation Insurance: Four Steps to Flight

    Bill Soldan

    As an Aviation Insurance broker with more than 25 years in this specialized industry, Ive served as an Aviation resource manager at both boutique and international firms. And although the economy has caused a lot of hardship in the industry, its still a great specialty. In fact, your current clients...

  • Will Health-Care Reform Help Big Brokers Steal Your Business?

    Laura Mazzuca Toops

    Recently I had the pleasure of speaking at the third annual WorkComp Advisory Groups Knowledge and Networking event. (The organization works with independent agencies to develop sales strategies, centered on but not exclusively targeted to Workers Comp.)

  • State of Uncertainty: Producers’ Role in the Insurance Exchanges

    Mark E. Ruquet

    One of the major changes under the Patient Protection and Affordable Care Act (PPACA) will be the mandated creation of state insurance exchanges by 2014. The exchanges will be able to craft plans for individuals and small businesses that were previously paying higher premiums or unable to afford coverage.

  • NAPSLO Notebook: Scene & Heard

    Bryant Rousseau and Chad Hemenway

    NATIONAL UNDERWRITER had two reporters on site in Atlanta Oct. 8-10 at the National Association of Professional Surplus Lines Offices (NAPSLO) annual convention: Editor-in-Chief Bryant Rousseau and Chad Hemenway, senior editor, markets. Here are their reports from the show floor, along with comments from several NAPSLO board members on what...

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