National Underwriter - April 18 2011

“If making rates skyrocket is modern, you
can call me old-fashioned,” N.C. Insurance
Commissioner Wayne Goodwin says in an online
video statement. See page 10 for the full story.
APRIL 18, 2011
VOL. 115, NO. 14
NEWS
6 FSOC INSURANCE MEMBER
Criticizes Handling Of Industry Interests
6 CAT BONDS SET
1Q Record
7 AS QUAKE-LOSS ESTIMATES
Roll In, Some See Improved Pricing
7 JAPAN EARTHQUAKE HALTS
Softening In Energy Market
8 LOSS ESTIMATES COME IN
For Deadly U.S. Storms

8 TEXA S J U DGE U P HOLD S

$310M In State Farm
Policyholder Refunds
10 ALL S TATE, STATE FAR M
Get Rate-Hike Approvals
10 N.C. CO MM I SS IO N ER:
Rate-Dereg. Bills Would Make
Auto Rates ‘Skyrocket’
WASHINGTON WATCH
12 REINSURERS LOOK TO BENEFIT
From Flood Bill's Private-Market Focus

� Without A Voice p. 6� Collecting Insureds p. 14

E&S/SPECIALTY MARKET UPDATE NICHE/PROGRAM BUSINESS 14 M GAS U NC ORK Multiple New Program Niches 19 W ITH A SPC A B RA N D, MGA Sees Fourfold Growth Rate In Pet Niche 26 B ED & B REAK F A S T MARKET Gains Popularity, Offers Insurers New Opportunities 28 S P E C IAL CIR CUMS TA NC E S May Mean Agents, Brokers Owe Greater Duties To Clients 30 W ILL MARKET TU R N Prove Traumatic (Again) For Program Business?

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