National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
MARCH 21, 2011
VOL. 115, NO. 10
$6.00
ohio Now A Coastal State?
Page 14
TOP STORIES OF THE WEEK
Bermuda Reinsurers’ 2010 Reserve
Takedown Blunts $3.5B Cat Loss
Although Bermuda insurers and reinsurers were hit with more than $3.5 billion in
catastrophe losses from worldwide disasters
in 2010, roughly $2.7 billion in favorable
prior-year loss development helped cushion
the blow, according to NU tallies. E Page 10
M&A Activity In p&C Space
picked Up In 2010
Merger and acquisition activity for property
and casualty insurers, agents and brokers
heated up in 2010, as insurers sought to
improve their strategic standing within the
industry, according to a report from Con-
ning Research & Consulting. E Page 12
MBIA Split panned By Four
Former N. Y. Regulators
Banks fighting the split of MBIA into two
companies said they submitted affidavits
from four former New York insurance
superintendents stating that their former
department violated its duty by allowing
the insurer to make the move. E Page 12
Wind Vs. Water Issue Could Hold
Up NFIp Reauthorization Bill
A conflict within the industry over how to
deal with the sensitive flood-exclusion issue
is holding up House action on legislation
that would reauthorize the National Flood
Insurance Program. E Page 13
devastation In Japan Will The Magnitude 9.0 Quake Shift The Market? See page 6.
Photo by Reuters/Landov
eNVIRoNMeNTAL
INSURANCe
Main Street producers Benefit
As Customers go green
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