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December 20/27 2010
Cover Story
NU’s Top-10 Insurance Stories Of 2010
It was not hard to select the top two property and casualty insurance stories for 2010....
Opinion
Readers Choose Disaster Stories
Making The Case For RRG Modernization
News
2010 Now On Target To Be A Profitable Year For P&C Insurers
The property and casualty insurance industry is on the road to showing a profit for 2010 despite a 3 percent slide in third-quarter net income, an industry report said....
Agency Universe Study Finds Stability
The independent agency system is showing signs of continued stabilization in numbers ...
Health Care Law Supporters Downplay Impact Of Va. Court Decision
A federal district court judge in Richmond, Va., ruled recently that Congress cannot require people to buy health insurance—a key provision of the health care reform law signed by President Barack Obama in March....
Philadelphia Tops 2010 ‘Judicial Hellhole’ List
Philadelphia has topped the list for the American Tort Reform Foundation’s (ATRF) 2010/2011 “Judicial Hellholes” report due in part to the trial practices of its Complex Litigation Center (CLC)....
Policy Exclusions Upheld; Merged Chinese Drywall Cases Dismissed
Insurance policies do not cover losses due to the destructive properties of Chinese drywall because of two policy exclusions, a federal court has ruled....
Worldwide Insured Cat Losses Nearly Double In 2010
The United States continued to be a source of insured catastrophe losses this year despite avoiding a hurricane landfall....
Market Report
# 2 The Recession Is Over, Isn’t It?
Economists said the recession was over some time last year, but a walk down almost any main street in America reveals a different picture....
#3: Wall Street Reform Leaves P&C Insurers Largely Untouched For Now
Passage of comprehensive financial services reform legislation that for the first time gives the federal government some voice in regulating the property and casualty insurance industry was clearly a major milestone....
#4: Health Care Reform Becomes Law
After many months of wrenching debate, Democrats in March finally succeeded in getting health care reform legislation to the finish line....
#5: BP Oil Disaster Breaks Records, Puts Spotlight On Risk Management Failure
The explosion of the Deepwater Horizon oil rig in the Gulf of Mexico on April 20 left 13 dead and 17 injured, leading to a massive oil spill and environmental disaster....
#6: The Big Payback From AIG
It started with congressional hearings to justify a bailout and ended with a deal for some payback and a plan to come up with the rest. ...
# 7 U.S. Cat Losses Not As Bad As Feared
From a catastrophe standpoint, the beginning of 2010 must have had more than a few U.S. insurers dreading the rest of the year...
#8 Major Brokers Start Accepting Contingents Again—With One Exception
After five years of being subject to what some publicly argued was an unlevel playing field, state attorneys general relented, agreeing to lift the ban and allowing the three major insurance brokerage firms....
#9: Hello. My Name Is…
Industry prepares to greet new insurance commissioners, legislators ....
#10 NFIP Extended After Multiple Hiccups
The National Association of Professional Insurance Agents has described 2010 as a year of “stop-and-starts” for the critical National Flood Insurance Program....
2010: A Hurricane Season Of Contradictions
Nineteen named storms, 12 hurricanes, and five major hurricanes ranked Category 3 and higher on the Saffir-Simpson scale....
Higher Admissions, Expense Cuts Mean Claims For Education Facilities
Educational institutions are not immune to the challenges associated with a troubled economy....
#1 Stuck In Neutral. When Will The Soft Market End?
With more analytical tools and gauges to monitor property and casualty insurance. ...
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