p&C
National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
PropertyCasualty360.com
SEPTEMBER 19, 2011
VOL. 115, NO. 33
$6.00
healthy market
tort reform, patient-Safety Focus
keep med-mal performing Well
Page 34
TOP STORIES OF THE WEEK
Commercial prices hardening,
But reinsurance market ‘adrift’
A recent survey of commercial insurers
indicates rates are beginning to harden,
but brokers speaking at the Reinsurance
Rendezvous in Monte Carlo paint a picture
of an uncertain market, particularly for
reinsurers. E Page 6
Specialty premium Growth
Outpaces Other lines
Specialty insurers increased premium at an
average 4 percent annual-growth rate over
the past five years, beating the industry
average, which remained close to flat over
that time. E Page 7
StIll ON tOp
Exactly Three Years
After “Near Death”
Experience And Govt.
Bailout, AIG's Chartis Remains
Dominant P&C Player
U.S. Still leads Way For
Gross-Written premiums
With global gross-written premium for
the P&C insurance industry standing at
$1.15 trillion, the U.S. still ranks No. 1 in
insurance penetration with $456 billion of
that total, but expansion of the marketplace
remains a challenge for insurers. E Page 7
Chartis CEO
Peter Hancock
texas Wildfire losses Could
reach $250 Billion
As a beleaguered Texas continues to battle
new outbreaks of wildfires across the state,
the Insurance Council of Texas says losses
could reach a quarter-billion dollars as
home losses rise to close to 2,000. E Page 8
In-Depth Coverage
Includes:
J exclusive CeO Interview
J Buyer & Broker Opinions
J analyst assessments
J a Crisis timeline
J Chartis By the Numbers
Special Section Starts
On Page 12
WIND vS. Water
“COaStal” act Could
Spell trouble For
Flood-program extension
Page 41
