Publication Date: July 11, 2007Advisen -- BrokersSource: Dow Jones News Service (DJNS, "Broad Tape")By Lavonne Kuykendall of DOW JONES NEWSWIRES"CHICAGO (Dow Jones)--Three years after the top four insurance brokers stopped accepting insurance commissions that were based on policy volume and profitability, some of the brokers are reconsidering the decision in an effort to replace some of the lost revenue..."
Publication Date: July 9, 2007Advisen -- Management LiabilitySource: Mondaq, Essex Court Chambers (United Kingdom)By Ms. Jessica Mance
This article was first published in Issue 128 (June) of Sweet & Maxwell's Insurance and Reinsurance Law Briefing."The directors' and officers' ('D&O') liability insurance market has been disappointing for insurers since approximately 2004: rates have been stunted whilst coverage has expanded. Some insurers are even offering policies under which they promise to pay where third-party policy limits are exhausted or compromised..."
Publication Date: July 9, 2007Advisen -- Insurance MarketSource: BestWire Services"The U.S. property/casualty industry followed record profits in 2006 with continued favorable trends in the first quarter of 2007, posting net income after taxes of $16.7 billion. An underwriting gain of $8.0 billion and net investment income of nearly $14 billion propelled the industrys strong operating results..."
Publication Date: July 5, 2007Advisen -- PropertySource: BestWire Services"Attempts to set off car bombs in London and Glasgow may have failed, but they have raised a number of concerns about how insurers should look at their terrorism coverage..."
Publication Date: July 3, 2007Advisen -- Insurance MarketSource: Chicago Tribune"The war on terror is weakening Al Qaeda and related groups, but the weekend's failed car bombings in London and Scotland prove that potential targets must stay on their toes because the threat has become more fragmented..."
Publication Date: July 2, 2007Advisen -- Insurance MarketSource: The Star Tribune (Minneapolis) (KRT)"MINNEAPOLIS _ Six years after the worst terrorist attack on U.S. soil and two years after the country's worst natural disaster, Congress has yet to pass bills that would provide lasting federal relief to insurance companies in the case of a new major catastrophe..."
Publication Date: June 29, 2007Advisen -- Insurance MarketSource: Hartford Courant"Net profit slipped 5.4 percent to $15.8 billion for the U.S. property-casualty insurance industry in the first quarter, largely because of a special transaction by one unnamed insurer that skewed results, industry groups reported Thursday..."
Publication Date: July 3, 2007Advisen -- Risk ManagementSource: Best's Review"It's not a question of if a pandemic will happen, but a question of where and when, said Michael Osterholm, director for the Center for Infectious Disease Research and Policy..."
Publication Date: July 1, 2007Advisen -- Medical MalpracticeSource: Pittsburgh Post-Gazette (KRT)"Jul. 1--Pennsylvania's doctors, especially high-risk surgeons and physicians from the east who pay higher medical malpractice rates, worry that a state-mandated change in insurance could result in an overnight 25 percent increase in their premiums..."
Publication Date: June 29, 2007Advisen -- CatastropheSource: Lloyds List"COASTAL cities in the US, Canada, Japan, Indonesia, India and Turkey are teetering on the brink of natural disasters, a meeting at Lloyd's has been told..."
