December 30, 2010 A.M. Best Co. has placed Clarendon Insurance Group and its member companies under review with negative implications....
October 13, 2010 A special report from A.M. Best Co. confirms what is being heard from the U.S. surplus lines insurance industry: the standard market remains a source of pricing pressure....
October 13, 2010 To Michael Byrne, a partner with the law firm of Dewey & LeBoeuf in New York, a particularly interesting aspect of the Nonadmitted and Reinsurance Reform Act is the fact that there is no federal agency to interpret the federal law....
October 13, 2010 Recommendations to the states for the collection of surplus lines taxes from insurance regulators should be in place by the National Association of Insurance Commissioners’ November meeting......
October 13, 2010 Lloyd’s of London, known for insuring the body parts of celebrities and athletes, has insured the Samoan locks of Troy Polamalu of the National Football League’s Pittsburgh Steelers for $1 million....
October 13, 2010 The surplus lines markets in several of the largest states, in terms of premiums, continue to wait. ...
October 13, 2010 Will soft pricing in the directors and officers insurance market continue in light of a second-quarter uptick in 2010 securities suits reported recently?...
October 12, 2010 There are many stories in this industry about people who thought they were on a satisfying career path to one career and found themselves through some quirk of fate in the insurance industry. ...
October 12, 2010 For Maria Berthoud, who has worked as a Washington lobbyist for 20 years, the passage of the Nonadmitted and Reinsurance Reform Act (NRRA) has special significance. ...
October 12, 2010 “This is a marathon business, not a sprint.” That is how William R. Berkley, chairman and chief executive officer of W.R. Berkley Corporation, explains the patience that he and the rest of the management team have exercised......
October 12, 2010 A buyer’s market continues for directors and officers liability insurance, with double-digit price declines now possible for financial institutions and non-financial firms alike......
October 12, 2010 As retail brokers struggle with the declining revenue of a continuing soft market, they are engaging in some activities that frustrate wholesale brokers, according to E&S broker executives....
October 12, 2010 Premiums written by the U.S. excess and surplus lines market fell nearly 5 percent to $11.5 billion in the first-half of 2010, according to a report prepared by Highline Data for NAPSLO Daily News. ...
October 11, 2010 I am delighted to report that more than 3,100 people have registered for this year’s convention. ...
October 11, 2010 Tucked into 2,000-plus pages of federal financial services reform legislation are just 10 relating to the surplus lines industry, but those pages will put end to decades of broker frustration, legislative experts say. ...
October 11, 2010 This week, Marshall Kath hands over the reins to a new NAPSLO president. To hear Mr. Kath tell it, in many respects it took little effort to lead an already well-oiled organization. ...
October 11, 2010 They may not command the multi-billion-dollar premium figures touted by competitors involved in the latest merger deals, but market clout is not necessarily synonymous with size, according to executives of several large independent wholesale brokers....
October 11, 2010 "Coverholder business has become an absolute priority for Lloyd’s,” according to Adam Stafford, senior project manager of market operations for Lloyd’s......
October 11, 2010 The Florida surplus lines market continues to battle many outside factors, but there are signs that at least the decline in premiums experienced over the last several years has slowed. ...
June 18, 2010 Walmart may be the most frequent defendant named in wage-and-hour lawsuits, but insurers and pharmaceutical companies are also caught up in a maze of rules they didn’t know applied to certain subsets of their workforce, experts say....
June 18, 2010 Recap of the types of coverage for wage-and-hour exposures that are currently available:...
April 30, 2010 Even in a soft market, price is not the only differentiator among insurance companies. In a wide-ranging interview, Paul Romano touches upon the many elements of quality his company seeks to offer......
April 30, 2010 The explosion of social media networks has created enormous opportunity as well as emerging risk for the business professionals who create, manage and use them. ...
April 30, 2010 Law firms are well aware when increasing litigation impacts their clients, but they may not recognize the increased risk their own business faces....
April 30, 2010 In his role as Vice President for OneBeacon Professional Insurance, David Molitano manages four distinct lines of business: technology, media, network security, and miscellaneous professional liability. ...
April 30, 2010 Insurance companies know definitively that unethical business practices are ultimately unprofitable....
March 05, 2010 The market will harden—eventually—but a cycle turn is not in the cards for 2010, according to the consensus view of NAPSLO members attending the Mid-Year Leadership Forum who shared their views with NAPSLO Daily....
March 05, 2010 Veteran surplus lines insurance industry executives say they’ll know a market turn when they see one, but so far, all the barometers they check to predict the proximity of a turn are stuck in soft market territory. ...
March 05, 2010 “Recession 101: It’s A Test. Not The Final.” That is the message posted on billboards across the nation by a person who has been identified only as an “unknown optimist” in media reports.
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March 05, 2010 Last summer, NAPSLO and the Minneapolis-based Professional Liability Underwriting Society announced they were setting up an education partnership between the two associations, but exactly what does that mean for NAPSLO members?...
March 05, 2010 “Where do you add value? How does your firm define its value proposition?”
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March 05, 2010 Surplus lines insurer executives are tackling the challenges of 2010 with a broad range of strategies, but whatever individual approaches they may adopt, all say their main focus is on strengthening wholesaler relationships....
March 05, 2010 NAPSLO members have to step up within their own firms and talk to people about contributing to the association’s political action committee (PAC), a member of the board of directors said yesterday morning....
March 05, 2010 The Mid-Year Conference of the National Association of Professional Surplus Lines Offices, Ltd. was held March 4-5, 2010 in Scottsdale. Click here for highlights from the NAPSLO Forum....
March 04, 2010 Surplus lines brokers know that a fourth year of flat or declining revenues lies before them—unless the market hardens, the economy recovers, or they change their operations in ways that let them capture business despite external trends....
March 04, 2010 One of tomorrow’s featured speakers at the NAPSLO Mid-Year Leadership Forum will be familiar to many members attending the 8:45 a.m. session, but according to Tony Markel, the company he led for decades looks entirely different in 2010....
March 04, 2010 If you’re the kind of leader that reacts immediately to put out the fire of every crisis, then you may not be doing your company any favors, according to the consultant who is moderating tomorrow’s panel discussion....
March 04, 2010 Attendees to the mid-year conference of the National Association of Professional Surplus Lines Offices, Ltd. in Scottsdale this week will see a change in the meeting’s format....
March 04, 2010 The latest publicly available statistics for the excess and surplus lines industry indicate that overall E&S premiums probably fell for the third straight year in 2009—and few experts see much change for 2010....
March 04, 2010 Rules for disclosure of compensation arrangements involving surplus lines brokers are ill-defined, according to an industry trade group representative....
March 04, 2010 Continuing education and management training specifically designed for the surplus lines professional is hitting the spot for NAPSLO members, according to the co-chairman of its education committee....
January 26, 2010 Bank-owned insurance agencies’ average total return on prior year value fell an annual 10.2 percent for the period ending June 30, 2009, according to Bank-Insurance Viability Index....
December 02, 2009 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....
August 20, 2009 Few insurance companies dispute the need to transform outdated billing functions. For most, both the challenges and opportunities are clear....
August 20, 2009 What does it take to keep people from being hurt on the job and get them back to work as fast as possible when injuries inevitably occur—all while treating them with respect and concern, and without busting your loss control budget?...
May 29, 2009 Insurance carriers certainly feel the pressure on top-line growth in the current underwriting cycle. How do you more accurately evaluate, and then maximize production of, distribution channels – without incurring substantial additional costs?...
May 27, 2009 Does your agency run a successful sales organization while serving as risk management consultants for your clients? Enter the Commercial Insurance Agency of the Year Award Program....
May 18, 2009 National Underwriter on May 18 named the three winners in the 2009 “NU Agency Technology Achievement Award” program....
February 26, 2009 NU Editor In Chief Sam Friedman details his choices for the 10 most interesting property-casualty insurance stories of the year. Can you guess what was number one?...
February 23, 2009 Top 100 Carriers of 2008...
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