National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
BERMuDA MARkET upDATE
Island Gaining Steam As
Captive Formations Build
Page 22
TOP STORIES OF THE WEEK
Loss Estimates Roll In For Deadly
Spring Storms, Tornadoes
On May 22, a devastating tornado
ripped through Joplin, Mo., putting
an exclamation point on a spring that
has seen deadly and costly storms in
several states. E Page 6
Hurricane Season Arrives
Amid Strained Cat Budgets
As updated hurricane predictions continue
to point to an active season with a greater
chance of U.S. landfall, Fitch Ratings has
warned that the season is approaching as
many reinsurers have already used up
their catastrophe budgets. E Page 7
Time And Money Working
Against NFIp
The wind-vs.-water issue may hold up
reauthorization of the National Flood
Insurance Program, set to expire
Sept. 30. E Page 24
Intern programs: Great Way
To Grab New Talent
With Baby Boomers nearing retirement,
agencies will need to fill the talent
void—and an increasing number are
implementing internship programs as
a way of identifying and recruiting top
performers before they choose other
careers. E Page 26
puBLIC
pAIN
Budget Cuts Mean City &
County Risk Managers
Face Reductions
In Staffing, Coverages
See page 12.
Top TECH TRENDS
Reports on Subrogation
Solutions, Dealing With
Decades-old Data & Changes
In Auto-Lines Buying Behavior
Page 16
