FEBRUARY 20, 2012
VOL. 116, NO. 6
QUOTE OF
THE WEEK:
“Museums are constantly
challenging themselves to
do something different to get
people through the door. That
makes them fun little animals
to insure.” See page 18
NEWS
6 HARTWIG TALKS UP
‘New Trajectory of Growth’ for Economy, Industry
6 LOUISIANA CITIZENS,
Attorneys Spar Over Class-Action Judgment
7 THE ESSENTIAL 11: The Week in Headlines
CHANNELS
MARKETS
8 PROPERTY INSURANCE RATES Up Across the Board for January
8 CATASTROPHES RIP INTO Bermuda Reinsurers' Q4 Income
8 XL GROUP POSTS $515.5M Q4 Loss
AGENT & BROKER
10 BANK INSURANCE Brokerage Fees Up 14%
10 ALLSTATE COMPENSATION GLITCH Adds to Agent Displeasure
10 REAGAN: ORGANIC GROWTH,
Profitability Increased for Privately Held Brokers in 2011
CLAIMS
12 JANUARY WEATHER LOSSES Reach Half-Billion-Dollar Mark
12 THAILAND MULLS CATASTROPHE FUND
to Restore Confidence: A.M. Best
RISK MANAGEMENT
14 AON: ARAB SPRING REVOLTS Spur Political-Risk Concerns
14 ‘DRAGON TATTOO’ TOPS Among Risky Films
14 UTAH LEAPS AHEAD With 69 New Captives in 2011
INDUSTRY FOCUS: FINANCIAL
SERVICES/REAL ESTATE
15 IN GLOBAL REAL ESTATE MARKET,
Navigating Two Sets of Risk Is All in a Day's Work
GLOBAL PLAYERS
16 GLOBALIZATION EQUALS OPPORTUNITY
for World-Minded Producers
17 NECESSITY GIVES BIRTH to Worldwide Broker Network
LISTINGS
24 ADVERTISER INDEX
22 CAREER CENTER
23 MARKETPLACE
GOOD FORTUNE 20 THE GREAT UNDERSERVED NICHE: High-Net-Worth Individuals 21 SERVICING THE UNIQUE NEEDS of Affluent Clients 22 RECESSION WALLOPED Even the Wealthy 22 THE EDUCATION OF High-Net-Worth Producers
E&S/SPECIALTY MARKET
UPDATE: CULTURAL CENTERS
18 WILD WEATHER BLOWS Open the Realm
of Potential Liabilities at Museums
19 AN EMBARRASSMENT OF RICHES:
Museums Tackle Maddening Crowds
OPINION
EDITOR'S CORNER
5 WHAT’S YOUR LINE?
By Bryant Rousseau
INDUSTRY COMMENTARY
24 IS YOUR INTERNAL RISK REPORTING Giving You the Full Picture?
By Paul Delbridge & Joseph Calandro
BEST OF THE BLOGS
25 THE HORSEPOWER RACE
By Greg Horn
25 REGULATORY CHANGE UPDATE: That Familiar Feeling
By Kathy Donovan
FINAL SAY
26 AS ECONOMY FALTERS, Claims Increase
in Public-Transit Sector
By Terry C. Pfeifer
PropertyCasualty360.com February 20, 2012 | National Underwriter Property & Casualty | 3
NATIONAL UNDERWRITER P&C (ISSN 1042-6841) is published weekly (except the last week of January, the last week of March, the first week of April, the first week in July, the
first week of October, and the second and last week of December) by The National Underwriter Co., 5081 Olympic Blvd., Erlanger, KY 41018-3184. Periodicals postage paid at
Covington, KY and additional mailing offices.
POSTMASTER: Send address changes to National Underwriter P&C, PO Box 2157, Skokie, IL 60076. Allow four weeks for completion of change.
SUBSCRIPTION RATES: $249.00 US, $289.00 Canada, $369.00 International. TO ORDER: call 800-458-1734, fax 847-763-9587, write National Underwriter P&C,
PO Box 2157, Skokie, IL 60076 or visit PropertyCasualty360.com. Outside US, call 859-692-2100 or fax 859-692-2246.
