National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
PropertyCasualty360.com
SEPTEMBER 17/24, 2012
VOL. 116, NO. 30
$6.00
TOP TRENDS IN BUSINESS
TRAVEL COVERAGE
Policies now cover everything
from luggage retrieval to major
surgery half a world away
Page 21
PROTECTING THE GRID
TOP STORIES OF THE WEEK
Execs, Analysts Try to Make
Sense of P&C Market Cycle
While carriers are achieving P&C rate
increases, analysts and company &
brokerage executives are struggling to
ascertain what the current, gradually
hardening market will look like in
the long term. E Page 6
Florida Citizens Looks to Loan Its
Surplus to ‘Take-Out’ Companies
Florida's last-resort insurer plans to make
up to $350 million available to private
carriers willing to assume its policies,
offering low-interest, 20-year loans from
its surplus in an attempt to reduce its
exposure. E Page 8
Reinsurers See Rate Increases
Continuing into 2013
Executives say upward pressure on
reinsurance prices is likely to increase
as low interest rates continue to depress
running yields and drag return-on-equity
levels down. E Page 10
Five-Point Checklist for
Accelerating Captive Approval
Meeting with regulators prior to
submission and overcommunicating
plans, issues and situations to the captive-
insurance division are key steps
in speeding the process of getting a
captive approved. E Page 12
Karl Zimmel, risk manager at UNS
Energy Corp., faces environmental
exposures, cyber terrorism and
lots of high-voltage hazards
See page 14
SPECIALTY LINES
MARKET UPDATE:
BED & BREAKFASTS
New exposures make the
B&B segment a cozy niche
for inn-savvy agents
Page 16
