#1: Invisible Hard Mkt. Nowhere To Be Seen |
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Back in January, Brian Duperreault, president and CEO of Marsh & McLennan Companies, said the property and casualty industry was entering its "first 'invisible' hard market."…
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#2: P&C Firms Might Dodge Regulatory Bullet | |
Although the need for a federal bailout of the troubled American International Group created demands for strong federal regulation of insurance, to this point the industry appears to have preserved state oversight for property and casualty carriers…
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#3: Health Bill Threatens P&C Agency Income |
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Despite deep divisions within its own ranks and united opposition from Republicans, Democrats appeared to be moving closer and closer at year's-end to landmark legislation reforming the nation's health care system…
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#4: AIG Reinventing Itself On The Fly |
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The most prolific headline-generator by far this year was AIG, which struggled to regain its credibility and repay its debt to taxpayers after a massive federal bailout…
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#5: Greenberg Returns To Center Stage |
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If the insurance industry had the equivalent of baseball's "Comeback Player Of The Year" award, the winner in 2009 would no doubt be Maurice Greenberg…
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#6: Chinese Drywall Won't Be Next Asbestos |
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Amid the rebuilding efforts after the 2004-2005 hurricane seasons, and in the midst of a housing boom, domestic drywall was in short supply. Imports from China filled the gap, and that decision has apparently created more problems than it solved…
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#7: Madoff Might Be Scourge Of Insurers |
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If there was a listing of individually initiated financial disasters, the depredations of Ponzi-schemer Bernard Madoff might rank at the top, but opinions may differ on how much of an insurance catastrophe he has created…
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#8: Calm Winds Leave NFIP Reform Adrift |
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The quietest storm season in more than a decade prompted Congress to keep postponing permanent resolution of one of the country's biggest insurance challenges—how best to reform the debt-ridden National Flood Insurance Program…
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#9: Contingency Fee Firestorm Reignites |
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The debate over whether the major brokerages should be allowed to earn contingency fees for delivering a certain volume or quality of business to carriers raged anew this year after Illinois eased restrictions over the practice…
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#10: Swine Flu Bug Leaves Firms Exposed |
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Whether the H1N1 virus has run its course is unknown, but the fact is while many organizations have taken precautions, others are still unprepared for a pandemic event in what turned out to be the top risk management story of the year…
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