National
Under writer
BUILDING A
BETTER CAT MODEL
Karen Clark touts
‘Characteristic-Event’ method
for predicting weather disasters
Page 5
Reports: Reserves Approaching
Inadequacy; Rise of Prop-Cat
Rates Slowing
Two recent reports from Stifel Nico-
laus highlight the unpredictability of
the insurance-pricing cycle, as one
says industry reserves are approaching
inadequacy, while the other contends
property-catastrophe rate increases,
which had led the charge out of the soft
market, appear to be slowing. E Page 6
Marsh: JOBS Act Presents
New D&O Challenges for
Clients, Insurers
The provisions of the federal Jumpstart
Our Business Startups Act allow new
companies easier access to capital from
the general investing public but raise
serious questions about the extent of
those companies’ coverage in their
D&O policies. E Page 8
J Rates on the Upswing
J Wage-and-Hour Coverage:
Big Demand for
“Daring” Policies
J Social-Media Claims
Slow to Arrive,
But May Be Lurking
Obama Signs NFIP Bill; Industry
Pivots to Long-Term Efforts
With the signing of a 60-day National
Flood Insurance Program extension
bill, a lapse in the program has been
avoided—but industry officials are now
calling on the Senate to act on a five-
year extension. E Page 12
RETAIL RISKS
Six best practices for
large retailers to avoid
General Liability claims
Page 22
