National
Under writer
THE LEADER IN PROPERTY & CASUALTY NEWS
PropertyCasualty360.com
NOVEMBER 5/12, 2012
VOL. 116, NO. 35
$6.00
2012 PRODUCER SURVEY
Our exclusive study paints a
revealing picture of independent
agents’ opinions of U.S.
commercial carriers Page 14
TOP STORIES OF THE WEEK
Industry Reps Engage With
States Over Deductible Denials
Carriers and trade groups appeal to
state regulators after the decision
to deny insurers hundreds of millions
in hurricane deductibles from
policyholders. E Page 6
SPECIAL REPORT:
SANDY'S AFTERMATH
Projected Price Tag for Sandy’s
Insured Loss: $10B-$20B
Catastrophe modelers Eqecat, RMS,
Karen Clark & Co. weigh in with their
loss estimates from the superstorm.
E Page 8
NFIP May Need Federal OK
for Money to Pay Claims
The National Flood Insurance
Program will likely need to go to
Congress to request additional
borrowing power, according to
watchdog groups. E Page 10
As insured-loss and business-interruption estimates climb, carriers begin to assess massive claims and speak out against nine jurisdictions denying them hurricane deductibles Full coverage begins on Page 6
TRIA Renewal:
No Guarantees for 2014
Lapse of the federal backstop for
Terrorism coverage would have serious
ramifications for commercial carriers
and buyers. E Page 37
SURETY SNAPSHOT
Market for commercial,
contract bonds exhibits increased
capacity, soft pricing
Page 35
