National Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
PropertyCasualty360.com
APRIL 11, 2011
VOL. 115, NO. 13
$6.00
CORPORATE BUYERS
U nreasonable Denial Of Claims
Has Costly Consequences Page 14
TOP STORIES OF THE WEEK
Passes 1099 Repeal;
Bill Goes To President
Led by Sen. Mike Johanns (R-Neb), the Sen
ate passed legislation repealing the much-criticized 1099 reporting provision in the
healthcare-reform law and sent the bill to
President Obama for his signature. � Page 6-
Will Large States’ Avoidance
Doom SLIMPACT?
In the wake of New York’s decision
not to join a nationwide compact on
sharing of surplus-lines taxes, industry
officials believe such initiatives may
be doomed. � Page 6
NFIP Extension Bill
Advances In House
A subcommittee of the House Financial
Services Committee has passed legisla
tion that would keep the National Flood
Insurance Program in operation until
Sept. 2016. � Page 7
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Commercial Rates
‘Out Of The Doldrums’
Following months of rates stuck firmly in
a soft market mud, MarketScout reports
the overall composite rate for U. S. prop
erty and casualty commercial insurance
policies measured minus- 4 percent in
March after four consecutive months of
minus- 5 percent. � Page 10
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Recent Rulings Find Courts Unwilling To Expand Producer Obligations
To Advise Clients On Coverage, Absent Special Circumstances
See page 25.
SPECIAL REPORT
Commercial-Lines Agents
See Glimmer Of Growth
Page 35
