National
Under writer
What CeOs really Want
from risk Managers
Page 28
TOP STORIES OF THE WEEK
A.M. Best: Cat Losses Won’t
Mean Hard Market Just Yet
Catastrophe losses in 2011 led to the U.S.
P&C industry’s largest underwriting loss
since 2002, according to A.M. Best. And
despite another month of commercial-lines
rate increases, Best maintains that a true hard
market is at least a year or two away. E Page 6
THE KIDS ARE
ALL RIGHT
NAIC Climate Survey to Be
Mandatory in Three States
Three states say they will require insurers to
respond to the climate-risk survey adopted
by the National Association of Insurance
Commissioners in 2009. The action runs
contrary to a 2010 NAIC vote that insurer
responses would be voluntary. E Page 7
Allstate Q4 Net Income Soars,
Other Carriers’ profits Slip
Allstate Corp. saw its fourth-quarter net
income jump 145 percent, while The
Hartford, W.R. Berkley, ACE Limited, CNA,
Munich Re and Validus reported Q4 net-income decreases. E Page 8
Greenberg, Starr International
Amend Federal Suit
The $25 billion lawsuit against the
government now claims that the terms
of the federal aid to AIG starting in 2008
amounted to an attempt to “steal the
business.” E Page 14
Fountain of Youth: State Farm's College Marketing & Sales Competition
encourages elite undergrads to Consider an Insurance Career
See page 18
2012 COMMerCIAL LINeS FOreCAST
energy, Transportation, D&O, Life Sciences & Cyber
All Seen as Lines with Good Growth potential
Page 22
