Members Only Content
Will Wind/Hail Cosmetic Damage Exclusion Endorsements Become the Norm?
Cosmetic damage from wind and hail to homeowner and commercial properties may no longer be covered if insurers opt to use new endorsements—one for homeowners and another for commercial roofs—that ...
Who Should Educate Policyholders: Agents Or Carriers?
Policyholder education about insurance coverage wording is a critical challenge for the property/casualty insurance industry. But who should be doing the teaching—agents or carriers? During a ...
XL’s McGavick’s Innovation Tip: Move Best People Off Profitable Business
If you want to spark innovation in your company, move your best people out of your most profitable businesses, XL's chief executive officer advises. Mike McGavick, the CEO of Dublin-based XL Group ...
Construction Insurance Opportunities On The Rise
Rising construction employment and private projects—residential and nonresidential—mean improved growth prospects ahead for commercial insurers, says Robert Hartwig, the president of the ...
Economic Indicators For Brazil (2010-2013)
With a gross domestic product of $2.42 trillion, Brazil is already the world's sixth largest economy—bigger than the UK. A diversity of trading partners, as well as a mix of agriculture, raw ...
Reserve Patterns Persist Post-SOX
The ability of property/casualty insurers to set loss reserves has not changed as a result of the enactment of The Sarbanes-Oxley Act of 2002, according to researchers from Illinois State University ...
Housing Collapse Drives Premiums Declines
Nevada was one of the states that was Ground Zero for the housing collapse, which explains why commercial lines premiums evaporated in the states, according to Robert Hartwig, president of the ...