National
Under writer
Homeowners Coverage Gap:
High-Value Items
Page 14
TOP STORIES OF THE WEEK
Treasury, AIG Plan
Smaller Stock Offering
American International Group Inc. (AIG)
and the U.S. Department of the Treasury
say they plan to offer 300 million shares of
stock for an unset price in an effort to
better understand the underlying value of
the bailed-out insurer. E Page 6
EQECAT Increases Japan-Quake
Loss Estimate
Catastrophe-risk modeler EQECAT has
dramatically changed its estimate of
insured losses from the Tohoku, Japan
earthquake to between $22 billion and
$39 billion. E Page 7
April U.S. Storms Could
Cost Up To $5.5B
Storms in April, mostly throughout the
U.S. Southeast, are expected to cause in-
sured losses of around $4 billion—possibly
as high as $5.5 billion, according to recent
estimates. E Page 10
Vt. Captive Regulator Hits Back
At NY Times Report
An article in The New York Times comparing
captive insurance to “the shadow banking
system” has Vermont’s captive regulator
puzzled and frustrated, because while some
of the observations are true, he says they
don’t add up to a fair representation of the
captive industry. E Page 10
New Federal Regulations, Rise In Robberies Complicate Transportation Coverages See page 22. RULES OF THE ROAD
PROTECTING THE
PRICELESS
Insuring The Unique Risks Faced
By Historic Homes, Cultural Sites
Page 24
