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MarketScout electronic insurance exchange reported finding no end to the soft market last month with the composite U.S. property and casualty sector down 4 percent....

The Independent Insurance Agents and Brokers of New York (IIABNY) said its negotiations with the New York State Insurance Department have resulted in some revisions to a proposed producer compensation disclosure rule....

Insurance industry representatives were optimistic that some type of action will be taken this year to remedy flaws in New York’s no-fault auto insurance system after a State Senate Insurance Committee hearing....

Current Issue

The long-term effects of the ongoing recession and the stubbornly soft commercial insurance market have put independent agents and their clients in an even more challenging environment in 2010.

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E&S/Specialty Lines Extra

Directors and officers liability insurers and brokers are predicting more shareholder derivative lawsuit filings in the wake of a handful of high-dollar settlements last year and the emergence of standalone suits that are not tagalongs to securities class actions.

Opinion Leaders

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Agent/Broker
Sponsored by:
Agencies Can Hold The Fort On Valuation Despite Recession
Despite a struggling economy and stubbornly soft commercial insurance market, limiting revenue growth and profitability, there are ways for independent agencies and brokerages to protect and even boost the valuation of their firms, say a pair of experts from Reagan Consulting Inc. in their latest “Agency Best Practices” report.
Risk Management
Sponsored by:
U.S. Captive Domiciles Grow Despite Lingering Recession
With the dust starting to settle from the recession that hammered the economy and state budgets so hard in 2008, reverberating well into this year, alternative risk-transfer facility launches are getting back to normal, leading captive players contend.
E&S/Specialty Markets
Sponsored by:
D&O Prices Inch Up, While Incumbents Keep Cost Attractive For Many Buyers
The gap between attractive prices being charged by incumbent directors and officers liability insurance carriers and higher premiums that have been charged by competitors in recent quarters has started to narrow.
Commercial Insurance/ Reinsurance
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Eye Of The Storm: U.S. Economic Woes Ripple Through Global Re Market
With the United States at the epicenter of a recession fueled by the mortgage and credit market crises, ripples are still being felt in the global reinsurance market. And while a stagnant economy may be keeping prices stable for many, the ever-present “elephant in the room”—the threat of another major hurricane—is forcing rate hikes for those exposed, industry players say.

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Calendar

February 09
The Peabody Hotel
Orlando, FL
February 24
Caesars Palace
Las Vegas, NV
March 01
MGM Grand at Foxwoods
Mashantucket, CT
March 23
The Fairmont Hamilton Princess
Hamilton, Bermuda,
March 24
Sawgrass Marriott
Ponte Vedra, FL
April 22
Pittsburgh Hilton
Pittsburgh, PA
April 25

Boston, MA

NU Exclusives

A trio of award-winning agencies show how an emphasis on client service and risk management can assure growth despite a bad economy and soft insurance market.
In addition to the near-bankruptcy of American International Group, 2008 will stand out as a year when turmoil in global financial markets cut the property and casualty insurance industry’s investment gains in half.
Do carriers care what producers think? What matters to agents and brokers in deciding which carriers to do business with? Check out the results of our survey with Deloitte and see.
For the third-consecutive year, NU spotlights three award-winning programs in keeping workers safe while getting those who are injured back on the job as quickly as possible. A trio of top-flight risk managers share the secrets of their success.
NU's award program invited risk managers to rank insurance providers on 14 lines of insurance. The survey was produced in partnership with Flaspöhler | Research Group and includes additional insight into what commercial insurers need to do to attract and hang on to their customers.

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