National
Under writer
COVERING CONSULTANTS
Professional-Liability Demand Growing As Ranks Of Self-Employed Swell Page 26
TOP STORIES OF THE WEEK
Industry Facing Growth Challenges
A new report by Conning offers a “gloomy”
view on growth prospects for the P&C industry, and an industry analysis from Keefe,
Bruyette & Woods suggests insurers reconsider cost reductions to improve profitability
in the face of market challenges. E Page 6
Senators Oppose Flood-Coverage
Revision; FIO Calls For Comments
Two Gulf Coast senators are seeking to
remove a Senate flood-insurance provision
requiring flood coverage in areas protected
by flood-control structures; and the Federal
Insurance Office is asking interested parties
to comment on a host of issues—including
the costs and benefits of federal regulation—as it works to prepare a mandated
study on insurance issues. E Page 8
Volatile Pricing Challenges Brokers
Insurance pricing remains volatile, affecting the growth of insurance agencies and
brokerage firms, says the CEO of Brown &
Brown. E Page 8
RIMS Opposes Proposed
Reinsurance Tax Penalty
Legislation that would place major tax
restrictions on domestic insurers that cede
reinsurance to their foreign affiliates is
being strongly opposed by the Risk and Insurance Management Society, which says it
could ultimately impact capacity. E Page 18
REINSURANCE
RISING
Cyber Risks Emerging As
Top Concern For Attorneys
Page 21
