National
Under writer
pICTuRE-pERFECT pOLICIEs
Growing Art Market Offers new Biz,
Access To Wealthy Clients
TOP STORIES OF THE WEEK
Industry Facing profitability
Headwinds, But Market Turning
The P&C insurance industry’s earnings are
expected to be modest for the first half of
this year after insurers were hit by a series
of weather-related losses, says a financial
analyst’s report. E Page 6
Cat Count: Active 2011 First-Half
Closes Out With Busy June
Catastrophes in the first half of the year
have already made 2011 the costliest year on
record with respect to economic losses, and
the half-year closed out with a busy month
in June for U.S. insurers as they faced $250
million in insured losses. E Page 7
Agent/Broker Employment Drives
positive Jobs Growth
A spike in the number of agent and broker
jobs added in May drove an overall net
gain of 900 jobs industry-wide for the
month compared to April, according to an
I.I.I. analysis. E Page 8
BusInEss
BuDDIEs
Trendsetter Chubb Rolls Out
social-Business platform
See page 14.
Allstate, Liberty Mutual File Law-
suits Against Investment Banks
Insurers continue to file lawsuits against
large investment banks over losses taken
during the housing market collapse, as
Liberty Mutual filed suit against Goldman
Sachs and Allstate announced a lawsuit
against Morgan Stanley. E Page 8
nOn-COAs TAL LOssEs
Models Must Account For
Inland-Hurricane Risks
Page 26
