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AIG Workers’ Comp Settlement: $450M To All But Liberty Mutual
American International Group Inc. (AIG) has tentatively agreed to pay $450 million to seven named insurance companies in order to settle a protracted federal civil lawsuit over alleged underreporting of workers’ compensation premiums....

Rep. Bachmann Seeks To Repeal Dodd-Frank
Rep. Michele Bachmann, R-Wis., plans to introduce legislation repealing the Dodd-Frank financial services law, calling it “misguided” and a “blatant abuse of power.”...

IIABA Says HHS Interfering In NAIC MLR Deliberations
The Department of Health and Human Services is being criticized for allegedly interfering with National Association of Insurance Commissioners’ deliberations on ...

Current Issue

Risk Awareness Increases Among Contingency Buyers
In all my years of underwriting contingency and event cancellation business I have never experienced such a diverse range of potential loss circumstances as we faced during 2010.

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J.P. West’s Eileen Frank on Growth Potential in a Challenging Economy (Part 3 of 3)

In the last of a three-part interview with National Underwriter, Eileen A. Frank, president of J.P. West Inc., talks about how brokers can maintain their books of business and keep growing in such a challenging economy.

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Part 1: J.P. West’s Eileen Frank on Improving Communication between Carriers and their Agents & Brokers
Steven Weisbart Identifies Trends and Challenges for P&C Insurers

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E&S/Specialty Lines Extra

E&S Market Replay Anticipated In 2011; Execs Detail Diverse Coping Strategies
For the most part, participants in the excess and surplus lines industry expect a replay of 2010 market conditions in 2011.
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Agent/Broker
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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
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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
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D&O Coverage Expands To Address Informal Regulatory Investigation Costs
A buyers' market continues for directors and officers liability insurance, with double-digit price declines now possible for  financial institutions and non-financial firms alike, and carriers unveiling new forms and endorsements including long-sought coverage for regulatory investigations.
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.
Vacant Property
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The Outlook for Vacant Property
Not long ago, a shopping block in the tony New York suburb of New Rochelle was awash in stylish restaurants and small, attractive retail stores. These days, almost a third of more than a dozen storefronts sit dark and empty, apparent victims of the job losses and other concerns that continue to weigh on the broader economy.

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NU Exclusives

NU Commercial Insurance Agency of the Year
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.
NAPSLO Mid-Year Forum Highlights
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.
Deloitte/NU Producer Satisfaction Survey
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.
NU Award for Excellence In WC Risk Management
For the fourth-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.
Risk Manager Choice Awards
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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