P&C
National
Under writer
property-casualty.com
december 20/27, 2010
VOL. 114, NO. 44
$5.00
Pa.
MODELER'S PERSPECTIVE Tropical
storm
warning
Mass.
Conn. R.I.
N.J.
Del.
Md.
Atlantic
Ocean
2 a.m.
Sat.
Va.
N.C.
8 a.m.
Fri.
THE LEADER IN PROPERTY & CASUALTY NEWS
Hurricane Season
Of Contradictions
Page 25
© 2010 MC T
Hurricane
warning
TOP STORIES OF THE WEEK
P&C Premium Growth Returns;
Surplus At Record Level In Q3
The third-quarter financial results for
property and casualty insurers revealed
positive news—upward movement in
premiums, a breakeven combined ratio
and a record surplus level of $545 billion.
E Page 6
Agency Universe Study
Finds Stability
The number of independent agencies
has stabilized over the past four years,
according to an IIABA study, which also
finds new agencies setting up in south-
ern states when captive agency carriers
abandon the region. E Page 7
Policy Exclusions Upheld; Merged
Chinese Drywall Cases Dismissed
Insurance policies do not cover losses due
to the destructive properties of Chinese
drywall because of two policy exclusions,
a federal court has ruled. E Page 10
Philadelphia Tops 2010
‘Judicial Hellhole’ List
Philadelphia has topped the list for the
American Tort Reform Foundation’s
2010/2011 “Judicial Hellholes” report
due in part to the trial practices of its
Complex Litigation Center. Wacky consumer class actions put California in the
No. 2 spot. E Page 10
NU's Top- 10 Stories Of
Persistent Hard Market, Economy Have Greater Industry Impact This Year
Than Federal Reforms, Manmade And Natural Disasters. See page 13.
E&S UPDATE
Schools Face
Higher Admissions,
Budget Cuts
Page 28
