National
Under writer
Spotlight on Three Risk
Managers 40 and Under
Page 22
TOP STORIES OF THE WEEK
Catastrophes, Reserves Halve
Liberty Mutual’s Q4 Earnings
“Another quarter, another catastrophe,”
David H. Long, Liberty Mutual’s CEO, said
during a conference call following the announcement that the insurer’s net income
fell nearly 51 percent in Q4 2011. E Page 6
Tornadoes Strike Midwest;
Estimated Insured Losses Mount
Losses stemming from a series of deadly
tornadoes that ravaged the Midwest from
Feb. 28 to March 3 are expected to fall between $1 billion and $2 billion, according
to catastrophe-modeler EQECAT. E Page 7
Burns & Wilcox CEO: No Quick
Hardening for Surplus Market
While the industry is seeing increasing
rates in some sectors, Alan Kaufman,
president and CEO of wholesale brokerage
Burns & Wilcox, isn’t bullish on the market hardening anytime soon—particularly
in the surplus-lines arena. E Page 8
MarketScout Composite Rate
Inches Up in February
MarketScout reports a 2 percent increase
in the U.S. composite commercial rate
index for February. Commercial property
and workers’ comp saw rate increases of 3
percent each for the month. E Page 8
PERILS OF
PRODUCTION
Key Coverage Trends in Manufacturing’s ‘Big 3’ Risks See page 16
Association Weighs in on
NRRA Tax-Sharing Plan
Page 6
