National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
MARCH 28, 2011
VOL. 115, NO. 11
$6.00
Carrier Losses,
Commercial-Lines Impact
Page 21
TOP STORIES OF THE WEEK
McRaith Appointed FIO Director;
Industry Approves
Illinois Insurance Director Michael
McRaith was appointed as the first director
of the Federal Insurance Office, a move
that drew praise from insurance industry
members. E Page 6
Today's Office Is....
LIABILITY LAND
1Q Cat Estimates Roll In; Moody’s
Puts Flagstone Under Review
Several Bermuda companies have reported
loss estimates from first-quarter catastrophes, but all of the companies excluded the
March 11 magnitude 9.0 earthquake that
struck Japan, stating that it is too early to
give an estimate. E Page 7
House Panel Calls Second NFIP
Meeting; Extension Bill Prepared
A House panel will conduct a second
hearing on the National Flood Insurance
Program April 1, and mark up draft
legislation April 6, according to officials
briefed on the plan. E Page 8
Insurers, Brokers Settle 2004
Bid-Rigging Lawsuit
Another chapter has closed on the
contingent-commission kickback saga with
an agreement reached between a group of
insurers and insurance brokers—and their
clients who alleged the industry tried to
manipulate the business. E Page 13
Bullies and Pot and Facebook, Oh My!
EPLI Coverage Begins On Page 14.
Illustration by Don Heyl
SUPREME-COURT
PREVIE W
Wal-Mart Dukes It Out
Page 24
