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 Videos: 1279
 
Times of Boom and Bust
Times of Boom and Bust The propertycasualty industry has its times of boom and bust. How are surplus lines brokers in particular affected by this and what can they do to remain profitable? E.G. Lassiter, chairman and CEO of Atlanta-based RSUI Group Inc., answers that and other questions in this interview with Insurance Journal's Andrea Wells at the recent National Association of Surplus Lines Offices' annual convention in San Diego.
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Soft Market Perspective: Different, Yet the Same
Soft Market Perspective: Different, Yet the Same Each soft market is unique, yet they all possess common characteristics, says Gerald Sullivan, chairman of the Sullivan Group. In this interview from the recent NAPSLO Annual Convention in San Diego, Sullivan shares his thoughts on how this soft market compares to the previous five soft markets he's worked through.
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The State of P&C Coastal Markets
The State of P&C Coastal Markets The effects of an economy in turmoil are exacerbated in coastal states, where natural disasters have created a difficult market for property insurance. In these exclusive interviews with Insurance Journal’s Ken St. Onge, commissioners from high-risk coastal states discuss the difficulties of balancing the needs of propertycasualty insurers in a soft market, while simultaneously protecting consumers.
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New Life to an Old Debate
New Life to an Old Debate The 2008 hurricane season was a major one, with a number of named storms making landfall across much of the Southeast. And that increased activity has underscored the growing debate over whether to create a national catastrophe plan. In these interviews with Insurance Journal’s Ken St. Onge, regulators attending the National Association of Insurance Commissioners in National Harbor, Maryland explain how a national catastrophe plan would affect their states.
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Insuring Lower-Risk Coastlines
Insuring Lower-Risk Coastlines Along much of the coastal United State, homeowners face the twin challenges of insurance affordability and availability. But not all coastal states face the same catastrophic threats. In these exclusive interview with Insurance Journal, Ken St.Onge talks with insurance regulators from Connecticut, Maine and Maryland about the market for coastal insurance in their states.
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Legal Cases, Court Decisions May Increase Claims Against Law
Legal Cases, Court Decisions May Increase Claims Against Lawyers Changes in laws governing corporations, duties of lawyers respecting discovery, and other legal and economic changes have affected the ways that lawyers practice law. In this interview from the recent PLUS Annual International Conference in San Francisco, Kimberly Pihlstrom, senior vice president and product manager of lawyers' professional liability for OneBeacon Professional Partners, discusses the heightened responsibilities for attorneys in the post-SOX era, and how recent court decisions have affected lawyers' responsibilities to their clients.
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Ohio Commissioner Lays Out Opposition to Federal Oversight,
Ohio Commissioner Lays Out Opposition to Federal Oversight, Cat Plan As public servant, attorney and community leader, Mary Jo Hudson officially took office as the 46th director of the Ohio Department of Insurance on Jan. 8, 2007. Not shy in letting consumers, agents and other regulators know where she stands, Director Hudson spells out why she opposes an optional federal charter and the adoption of any national catastrophe plan that would include Ohio residents paying for the problems that resident face in coastal areas. On the proactive side the Director revived the Agent Council in Ohio and says that agents enjoy her “open door” policy. Hudson boasts that agents have provided plenty of insight regarding their specific industry and business concerns. She values that input and says it definitely helps in her role as keeper of the gate for consumers and the in
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Never a Dull Moment for Florida Commissioner
Never a Dull Moment for Florida Commissioner Florida Insurance Commissioner Kevin McCarty stays busy with a list of insurance related measures enacted during a special session of the Florida Legislature in January 2007. Keeping property insurers in the market and diffusing the large number of policies that state-backed Citizens Property Insurance Corp. wrote over the past four years have been major challenges for McCarty. He says 28 new insurance companies have entered Florida's property insurance market since the devastating 2004 and 2005 hurricane seasons and recently enacted ruling allows foreign re-insurers to come into the Florida market without putting up 100 percent collateral.
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Louisiana’s Bright Spots and Challenges
Louisiana’s Bright Spots and Challenges Despite the challenges faced by the state of Louisiana since Hurricanes Katrina and Rita wrought their havoc in 2005, there are bright spots in the state’s property and casualty insurance industry, says Louisiana Commissioner of Insurance Jim Donelon. The workers’ compensation market is healthy and the property market is gaining ground. It’s not all rosy, the market in South Louisiana is still tough, but Donelon says regulatory improvements are paying off. In an interview with Insurance Journal’s Ken St. Onge at the National Association of Insurance Commissioners meeting in National Harbor, Md., Donelon elaborates on Louisiana’s bright spots and challenges, and discusses myriad other topics, including the near meltdown of American Insurance Group Inc.
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Oregon’s Competitive Insurance Environment
Oregon’s Competitive Insurance Environment Oregon's Insurance Administrator Scott Kipper may be leaving the state Department of Consumer and Business Services on Oct. 31, 2008, but the state will continue to have a good relationship with agents, as well as a competitive propertycasualty insurance marketplace. In an exclusive interview with Insurance Journal's Ken St. Onge, Oregon's outgoing Insurance Administrator Scott Kipper talks about the collaborative environment the department has with independent agents, the state's catastrophe insurance plan, the fallout from the AIG bailout, and more.
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