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Kirschners.com Week-In-Review - Your Monday Morning Must Read.
 
Kirschners.com Week-In-Review
In The News
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WEEK ENDING
April 21, 2012
 
The Week-In-Review eNewsletter from Kirschners.com is a free information service providing a brief recap of the week's most relevant, useful information as reported by the leading insurance sources. It's the "Monday Morning Must Read."

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In The News
Provided by PropertyCasualty360.com
 
Travelers Smashes Estimates, Insurance Rates Rising
Property insurer Travelers Cos blew past Wall Street earnings estimates for the first quarter and raised its dividend 12 percent as natural disaster losses declined and insurance rates continued to rise after years of weakness...
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NIMA Clearinghouse Set to Move Forward
The clearinghouse that is the core of the Non-admitted Insurance Multi-State Agreement tax-sharing compact is set to begin operation July 1, the 11 states and territories that comprise it announced...
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Moody's: Discipline in E&S Helping Sector
Overcome Challenges

While the excess and surplus lines sector is maintaining good profitability and strong balance sheets, challenges from high-catastrophe exposures and low interest rates remain, says a Moody's Investors Service report...
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Fed Looks to Sell More Former AIG Assets
The Federal Reserve Bank of New York announced that it is exploring the sale of collateralized debt obligations originally owned by AIG's troubled Financial Products Group...
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FEMA Bans Insurance Rebating on NFIP Policies
Insurance agents selling flood-insurance policies will no longer be allowed to cede a portion of their commissions to property owners to induce them to purchase insurance, a practice known as insurance rebating...
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Auto Claims Satisfaction Down as Claims Repair Cycle is Up
Customer satisfaction with the auto-insurance claims experience is at its lowest level in three quarters, but, at least in part, consumers may have themselves to blame...
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P&C Financial Leverage Up in 2011; AIG's Recapitalization Biggest Capital Mix Change
American International Group's recapitalization efforts have resulted in the insurance giant nearly halving its debt-and-preferred-to-total-capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010...
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Cats Drive Highest U.S. P&C Year-End Combined Ratio
Since 2001

The 108.2 combined ratio posted by the private property and casualty industry in the U.S. was the worst since 2001...
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Good Start to 2012 Expected for P&C Industry: KBW
Due to low catastrophe activity Keefe, Bruyette and Woods expects good first-quarter earnings for the property and casualty insurance industry...
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P&C-Insurer Employment Continues Downward Trend
in February

Employment for property and casualty insurers fell in February compared to January, continuing a trend that began in 2008 during which P&C insurers have shed nearly 11,000 jobs, Insurance Information Institute President Robert Hartwig says...
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Featured Articles
Provided by National Underwriter P&C
 
 
RIMS: Improving Functionality
There were hundreds of exhibitors representing the myriad of insurance interests and specialties assembled all in one place at the Risk and Insurance Management Society's 50th annual meeting in Philadelphia. National Underwriter spoke with a few of the exhibitors to discuss the new offerings they presented.
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Slideshows
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Insurers React to More Than 100 Tornadoes in the Plains
More than 100 reported tornadoes touched down recently in the Plains, leaving yet another path of destroyed homes, vehicles and businesses in their wake.
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