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National Underwriter Property And Casualty Insurance News.

November 22-29, 2010

Cover Story

For the most part, participants in the excess and surplus lines industry expect a replay of 2010 market conditions in 2011....



News

Implementation of the federal law streamlining multistate taxation and regulation of business placed in the E&S market is rapidly morphing into an intense confrontation between industry representatives and state regulators....

Employment in the property and casualty insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to September 2009, casting doubt on hopes that industry employment trends were turning around....

Five executives convicted of producing a sham insurance contract between General Re Corp. and American International Group argued in the U.S. Court of Appeals that a district court committed multiple procedural missteps during their 2008 trial....

Treasury Deputy Secretary Neal Wolin told London stockbrokers last week that the Obama administration believes the new financial services reform law gives it the power to monitor the insurance sector......

Even though enterprises large and small are losing the battle against cyber attacks, specialty insurers are expanding coverages triggered by computer privacy breaches as rapidly as new enemies emerge to pursue new targets, experts said here....

Market Report

Executives trying to predicting how the soft market will play out for the excess and surplus lines industry have absolutely no point of reference based on past experience to guide them, an E&S executive said recently....

“This is a marathon business, not a sprint.”...

Agency Management & Technology

Just 20 years ago, the answer was simple. Need an insurance agent? Pick up a phone book....

As a dollar floats from your agency over to the company, you get to pluck out about a dime. Out of that dime you’ll need to pay rent, payroll, printing, technology and so on. What’s left—if anything—is your profit....

Over the last four decades, outsourcing has morphed as business models evolved, technology advanced and competition for resources and expertise expanded....

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