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National Underwriter Property And Casualty Insurance News.

October 26, 2009

Cover Story

While the U.S. reinsurance sector is being hailed as strong and resilient after weathering one of the worst financial storms since the Great Depression....



News

A bill to strip medical malpractice and health insurers of their limited federal antitrust immunity passed a key House committee last week, although an amendment grants “safe harbors” for joint compilation of historic loss data....

In a year when most are satisfied with holding their own in a sinking economy, the Applied Systems Client Network reported growth in a number of key areas thanks to the resilience of its volunteer members, the user group’s outgoing chair says....

As incoming chair of the Applied Systems Client Network, Lisa Parry Becker is targeting more educational opportunities for members and increased engagement at all levels....

Risk managers from both the private and public sectors issued renewed calls for complete transparency. ...

Although contingent commissions could represent a conflict in the relationship between producers and consumers, that can be managed....

Despite a 67 percent drop in net income in 2008, excess and surplus lines insurers are still financially strong....

Market Report

With the property and casualty industry already mired in a sustained soft marketplace, the financial crisis has placed even more demands on insurance carriers to grow their top line....

Agents and brokers who are trying to win, or simply renew, clientele in the luxury hotel and resort segment are finding it more challenging than ever....

Most program business insurers believe gross premium volume for their segment totals at least $20 billion, but a growing subset now has doubts that they are actually writing that much as a group, a survey reported....

With all the domestic financial chaos in the United States today, it’s no surprise that many financial institutions—especially insurers and reinsurers—are seeking fresh, non-conventional, foreign sources of capital and revenue....

The Association of Insurance and Reinsurance Run-Off Companies has launched an arbitration procedure designed to expedite small and “less-complicated” claims between insurers and reinsurers....

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