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November 8, 2010
Cover Story
Catching The Cloud: Managing Risk When Utilizing Cloud Computing
Cloud computing has become a vitally important part of the information technology landscape....
Opinion
Can Regulators Pass This Test?
Except For Surplus Lines, Dodd-Frank Barely Touches Insurance
News
Elections Seen As Huge Win For P&C Insurers On Most Key Issues
The historic 2010 midterm elections were a huge win for the property and casualty insurance industry—and their allied reinsurers, according to representatives of several industry trade associations....
Fate Of Commissioners In The Hands Of New Governors
Last week’s election results for state gubernatorial races across the nation are likely to radically change the complexion of the state insurance regulatory system, with commissioner positions hinging on the actions of newly elected governors....
Market Holds Steady After Bombs Found Headed To Chicago
The discovery of two bombs destined for Chicago from Yemen, but intercepted on cargo planes in Dubai and Britain, will not have a huge impact on the global aviation market, but the event has spurred discussion about supply chain risk assessments....
November Hurricanes Possible
Catastrophe modeler Risk Management Solutions said the end of the 2010 Atlantic hurricane season is not the time to relax. Conditions “are still ripe for further activity.”...
AIG Closer To Settling Government Debt
American International Group said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York....
Swiss Re Repaying Berkshire As Capital Position Improves
With its third-quarter net income result doubling over last year, and its capital position improving, Swiss Re said it has reached agreement to repay Berkshire Hathaway, which injected $2.6 billion into the Zurich-based reinsurer last year....
Market Report
FDIC D&O Suits Likely Despite Lag In Activity In Recent Years
History can have an unpleasant way of repeating itself....
Opportunity Seen In ‘New Market’ For Allied Medical Professionals
Through television, radio, newspapers and websites, the American people are again aware of the health care issue that divides our country....
Aon: Hospitals Can Expect Liability Claim Frequency To Rise
Hospitals should get ready for a reversal of fortune when it comes to liability claims, according to a broker report....
Coverage For Spyware Granted Under Two Policies Concurrently, Court Says
In an important ruling this summer, the Eighth Circuit Court of Appeals decided that an online marketing firm was entitled to defense cost coverage under two different types of liability policies for the same spyware download incident....
Watch Regulators For Next D&O Wave
The current focus of regulatory scrutiny may be a leading indicator of which industry sectors will be targeted for future securities lawsuits, a former plaintiffs’ lawyer said recently....
Alleged Texas Fraudster Loses Defense Costs From Lloyd’s, Arch
Lloyd’s and Arch Specialty Insurance Co. do not have to cover the legal expenses of Texas financier R. Allen Stanford, a federal judge ruled last month....
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