National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
MAY 23/30, 2011
VOL. 115, NO. 19
$6.00
TOP STORIES OF THE WEEK
Massive Florida Property-Reform
Bill Signed Into Law
Gov. Rick Scott signed SB 408, which
has provisions to deal with certain
“cost-drivers” insurers blame for falling
underwriting profits—even in years with
no hurricanes.
E Page 6
Allstate Buys Esurance,
Answer Financial From
White Mountains For $1B
Allstate Corp. says it has entered into an
agreement to buy online auto insurer
Esurance and independent insurance
agency Answer Financial to enhance its
distribution channels. E Page 7
SEC SCRUTINY:
ARE YOU READY?
RMS: Losses From April Tornado
Outbreak Could Hit $6B
Modeler Risk Management Solutions says
insured losses from a late April tornado
outbreak will fall between $3.5 billion
and $6 billion, with a majority coming
from battered Alabama. E Page 7
NRRA Implementation
All Over The Map
With less than two months to go, clar-
ity and uniformity in regulation of the
surplus-lines industry seems as distant as
it was prior to legislation reforming and
modernizing it. E Page 32
Real-Time Processing For Commercial Accounts Page 27
Illustration by Affordable Illustration Source/ Images.com
As A Newly Assertive SEC Increases Its Investigations,
Including "Informal" Ones, Coverage Is Rapidly Evolving To Meet The Risks.
See page 14.
COVERING YOUR TAIL
Broker Invents Cutting-Edge
M&A Policy Endorsement
For Southwest's Risk Manager
Page 21
