| 1. | Report: California’s ‘Other Big One’ Could Cause $300B in Damages
Jan 14, 2011 -- California could be subject to a powerful series of storms, capable of costing $300 billion in damages -- three times as much as a severe earthquake in the southern part of the state, according to a new report by the U.S. Geological Survey. The ... |
| 2. | Underwriting, Expense Discipline Needed in 2011, Say P/C CEOs
Jan 14, 2011 -- The property/casualty insurance industry turned a corner and will show a profitable year for 2010, but underwriting discipline will be more important than ever in 2011, according to property/casualty chief executive officers. "2010 was an acceptable ... |
| 3. | Caution: Distressed Commercial Properties
Jan 14, 2011 -- The American landscape is littered with partially built, financially distressed or bank owned properties. Whether they are towering condos, gleaming hotel resorts, urban mixed use or suburban office space, many of these are now seeking new ... |
| 4. | P/C Executives See Better Profitability in 2011
Jan 13, 2011 -- Leaders of the property/casualty insurance industry believe the worst of the financial crisis is over and that the new year will bring improved profitability. In fact, an overwhelming majority (94 percent) of P/C executives expect better ... |
| 5. | Oh, Deer! West Virginia Herd Costing Insurers $44 Million a Year
Jan 13, 2011 -- West Virginia deer are causing excessive damage across the state and the Division of Natural Resources' plan to manage the herd is deficient in addressing the problem, says a legislative audit released this week. West Virginia has an estimated 1 ... |
| 6. | CNA Makes Changes to Commercial Insurance Team in Chicago
Jan 12, 2011 -- CNA Financial Corp. announced it has expanded its Commercial Insurance management team. Pat O'Connor will join the global business insurer as senior vice president of its Mono-line Property unit, with oversight of the equipment breakdown ... |
| 7. | Companies Concerned About U.S. Consumer Complaint Sites
Jan 12, 2011 -- The U.S. government is intensifying its use of consumer complaint websites with two new outlets for customer gripes that have trade groups for manufacturers and financial firms concerned about smear campaigns and lawsuits. The Consumer Product ... |
| 8. | The 2010 Insurance Fraud Hall of Shame
Jan 12, 2011 -- Barbara Morris died in a house fire set by an insurance arsonist. Bob Harper bought a fake health policy after urgently needing a pacemaker. A homeless man received a pittance after being rammed by a motorist who bought bogus auto coverage from a ... |
| 9. | Chinese Drywall Makers Refusing to Compensate U.S. Homeowners
Jan 11, 2011 -- The top U.S. product safety official said on Monday the agency has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar strained trade ties. The failure to persuade about 13 ... |
| 10. | As Small Business Shrinks, Small P/C Insurers Lose
Jan 11, 2011 -- The property/casualty small business sector—those accounts with less than 50 employees—has shrunk substantially since 2007, and there has been a dramatic shift in market share among small, mid-sized and large insurers. The insurance ... |
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