National Underwriter - June 4, 2012

National Under writer

$6.00

STATE OF THE
REINSURANCE MARKET
Despite 2011’s monster losses,
property-cat renewal rates
remain ‘attractive’ to insurers
Page 14

TOP STORIES OF THE WEEK

Q1 2012: The Last Gasp for Strong Reserve Releases? Global-investment bank Keefe, Bruyette & Woods expects that the good weather thus far in 2012 is unlikely to hold—and the pressures of slowing reserve releases and weak investment yields will hurt returns. E Page 6

PUBLIC-SECTOR
RISK SOLUTIONS

Budget-challenged governments partner with private contractors to get the job done See page 16

House Follows Senate on
60-Day NFIP Extension
The House has passed a bill that extends
the National Flood Insurance Program
until July 31. The action raises the
likelihood that legislation reauthorizing
the program until Sept. 30, 2016 could be
passed by Congress by Aug. 3. E Page 6

Interest in Insurance Education Growing on Capitol Hill Congressional staffers are showing more interest in learning about the insurance industry, as the number of attendees at a recent seminar on insurance basics was higher than in years. E Page 7

Facebook Gives Insurers D&O Jitters on Future IPOs Following Facebook’s problematic IPO, brokers are seeing indications that insurers are becoming more cautious about IPOs, especially for technology companies involved in social media. E Page 22