National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
FEBRUARY 14, 2011
VOL. 115, NO. 6
$6.00
Small Lloyd's Bites
May Entice Buyers
Page 18
TOP STORIES OF THE WEEK
‘Market Psyche’ Could Fuel
Market Turn: Marsh CEO
The insurance cycle in not dead, and
the return to a hard market could come
without a multibillion-dollar catastrophic
event driving the turn, broker executive
Brian Duperreault said recently. E Page 6
Legislation Introduced To
Phase Out Flood Program
Republican Congresswoman Candice
Miller introduced the legislation to phase
out the National Flood Insurance Program
by the end of 2013, also putting an end
to all remapping mandated by prior
reauthorizations. E Page 7
Would Dodd-Frank Have
Prevented AIG Bailout?
If the Dodd-Frank Act had been in place
years ago, regulators probably still would
not have intervened to stop problems at
AIG’s Financial Products unit, three
former U. S. financial regulators said
recently. E Page 10
AIG To Take $4.1B Charge
American International Group Inc. expects
to record a $4.1 billion fourth-quarter
charge to bolster loss reserves for its Chartis
property and casualty unit, mostly for
asbestos and excess liability lines in
accident years 2005 and prior. E Page 10
Photo by Hans Neleman/Getty
IS WORKERS’ COMP
IRRELEVANT?
HC Reform May Be One Reason
Page 26
