National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
Industry Seeing Rate Increases,
But Market Swing Not Expected Yet
While there are doubts about whether the
P&C insurance industry is getting set to
enter a hard-market cycle, it increasingly
looks like rates are beginning to stabilize in
many lines, according to observations by an
industry report and some CEOs. E Page 6
Catastrophes Take Their Toll
On Insurers’ 2Q Results
The impact of second-quarter catastrophes
on insurers is beginning to be seen, as
four separate companies cited cat losses as
the primary reason for their drop in net
income. E Page 7
AGENTS
IN APPS
Main Street producers
Begin To Embrace Custom
Firm Sees Adverse Reserve
Development for ’08-’ 10
While P&C insurers benefitted from favor-
able loss-reserve development in recent
years, a Keefe, Bruyette & Woods analysis
contends that accident-years 2008 to 2010
are underreserved and that adverse devel-
opment will result. E Page 7
$450M AIG Workers' Comp
Settlement Gets Judge's Approval
American International Group Inc. says
a federal judge has given preliminary
approval to a $450 million settlement it
reached with a handful of companies that
alleged AIG cheated a workers’ compensation program.E Page 8
CONTINuITY CONSul TANTS
Independent Agencies
Can play Chief Risk Officer Role
For Small-Biz Clients
Page 16
