Thursday, May 29, 2008

Hurricanes provide lessons in risk management

Sponsored by: Freedom Specialty
Publication Date: May 23, 2008
Advisen -- Risk Management
Source: Business Insurance

"Katrina, Rita and Charley were more than destructive forces of nature. Those hurricanes and others that barreled through the Gulf of Mexico in 2004 and 2005 were teachers..."

Private companies urged to buy D&O

Sponsored by: Freedom Specialty
Publication Date: May 23, 2008
Advisen -- Management Liability
Source: Business Insurance

"NEW YORK-Directors and officers of private companies rarely have D&O insurance but should consider the cost-effective coverage to minimize their risks, a lawyer says..."

Insurance buying process evolves

Sponsored by: Freedom Specialty
Publication Date: May 23, 2008
Advisen -- Risk Management
Source: Business Insurance

"CHICAGO-Relationships among insurance buyers, brokers and underwriters are changing, all the while they staying the same, according to a panel of industry experts..."

Genetic Antidiscrimination Law Creates New Compliance Challenges For Employers

Sponsored by: Freedom Specialty
Publication Date: May 23, 2008
Advisen -- Management Liability
Source: Mondaq

Littler Mendelson (United States)
Genetic Antidiscrimination Law Creates New Compliance Challenges For Employers
23 May 2008

By Mr Philip Gordon

"Nearly seven years after declaring in a Presidential Radio Address that '[g]enetic discrimination is unfair to workers and their families" and that "[t]o deny employment or insurance to a healthy person based only on a predisposition violates our country's belief in equal treatment and individual merit,' on May 21, 2008, President George W. Bush signed the Genetic Information Nondiscrimination Act of 2008 (GINA). Intended to encourage Americans to take advantage of advances in the genetic sciences without fear of adverse consequences, GINA provides broad protections in employment and health benefits against the improper collection, use or disclosure of employees' genetic information. Although GINA does not become effective until November 21, 2009, employers should immediately begin taking steps to ensure compliance with the Act..."

Wednesday, May 21, 2008

Survey: Program Market to Remain Vibrant in 2008

May 21, 2008
The Insurance Journal

"The program market continues to grow and will continue to grow in 2008, as insurance companies focus on core concerns of new business production, premium writing and rate profitability, according to a new industry survey by Guy Carpenter &Co. However, several new trends emerged in 2008 as the market's appetite for mergers and acquisitions (M&A) increased, along with a growing interest in the use of outside capital to fuel new endeavors..."

Insurance Industry Celebrates Women's Achievements

By Patricia-Anne Tom
May 21, 2008
The Insurance Journal

"May 18-24, 2008, marks National Insurance Women's Week, a celebration recognizing the contributions women are making in all areas of the insurance industry..."

Friday, October 12, 2007

Tide turning for surplus lines: Market softens for hard-to-place exposures

Publication Date: October 8, 2007
Advisen -- Insurance Market
Source: Business Insurance

"Surplus lines insurers say they expect moderate growth for the rest of 2007 as they introduce measures to maintain U.S. business despite softening prices..."

Tuesday, September 11, 2007

Sept. 11 is Reminder of Need for Terror Reinsurance, Say P/C Insurers

September 11, 2007
The Insurance Journal

"Six years after September 11, 2001, the threat of terrorist attack remains a source of tremendous uncertainty for the United States economy, with potentially negative consequences for both business interests and employment, according to the Insurance Information Institute (I.I.I.)..."