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Even in ‘Soft Markets’ E&S Industry Shines
Tom Mulligan, executive vice president of Western World Insurance Company, talked with Insurance Journal’s Chris Boggs about the soft market and the continued importance of excess and surplus lines carriers and brokers. Mulligan relates the differences between this soft market compared to past soft markets pointing out that no two are ever alike; but, just [...]
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NRRA Legislation Important but Doubtful in 2008
Excess and surplus lines brokers have long been subjected to confusing tax regulations sometimes leading to their unintentional violation of state laws. Tom Mulligan, executive vice president of Western World Insurance Company, sat down with Insurance Journal’s Chris Boggs to discuss how the Non-admitted and Reinsurance and Reform Act of 2007 would fix these problem [...]
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Times of Boom and Bust
The property/casualty industry has its times of boom and bust. How are surplus lines brokers in particular affected by this and what can they do to remain profitable? E.G. Lassiter, chairman and CEO of Atlanta-based RSUI Group Inc., answers that and other questions in this interview with Insurance Journal’s Andrea Wells at the recent National [...]
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What AIG Means for the Future of State Regulation
Proponents of federal regulation say the recent $85 billion bailout loan for American International Group demonstrates the need for federal oversight of the insurance industry. But in these exclusive interviews with Insurance Journal’s Ken St. Onge, top regulators from Wisconsin, Maine, Pennsylvania, Ohio and Florida argue that the reason AIG remains is because its insurance [...]
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How Today’s Soft Market Differs from the Past
The soft market is here again and an over supply of capital is the main reason for the market’s turmoil, says Skip Cooper, president of AmWins Group Inc. In this interview with Insurance Journal’s Mark Wells at the recent NAPSLO Annual Convention in San Diego, Cooper says that while the capital is a bit more [...]
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The AIG Effect on States
Cash flow problems have nearly crippled mega-insurer American International Group in recent weeks, forcing the company to take an $85 billion loan from the federal government. Now, attention remains focused on how AIG’s problems will affect insurers in individual states. Recently, the top insurance regulators from Kentucky, Mississippi, Oregon, Arizona and Connecticut sat down with [...]
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Soft Market Success
To be successful in a soft market, carriers, wholesale brokers and retail agents must enhance their focus on customer service, says Michael Miller, president and chief operating officer of Scottsdale Insurance Co. In this interview with Insurance Journal’s Andrea Wells at the recent NAPSLO Annual Convention in San Diego, Miller says service and speed top [...]
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Personal Lines & Other Opportunities in a Tough Market
The tough economy and foreclosure crisis presents both challenges and opportunities for the excess and surplus lines insurance market. In this interview with Insurance Journal’s Andrea Wells at the recent NAPSLO Annual Convention in San Diego, Alan Kaufman, chairman, president and CEO of Burns & Wilcox Ltd., discusses opportunities for the E&S industry in today’s [...]
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The Perfect Storm
A perfect storm could be in the industry’s forecast should the impact from the subprime fallout, natural disasters and carrier reserve redundancies converge later this year, says Paul Springman, president and chief operating officer of Markel Corp. In this interview with Insurance Journal’s Andrea Wells, Springman says that while he remains optimistic about the future [...]
Featured
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Even in ‘Soft Markets’ E&S Industry Shines
Tom Mulligan, executive vice president of Western World Insurance Company, talked with Insurance Journal’s Chris Boggs about the soft market and the continued importance of excess and surplus lines carriers and brokers. Mulligan relates the differences between this soft market compared to past soft markets pointing out that no two are ever alike; but, just [...]
-
NRRA Legislation Important but Doubtful in 2008
Excess and surplus lines brokers have long been subjected to confusing tax regulations sometimes leading to their unintentional violation of state laws. Tom Mulligan, executive vice president of Western World Insurance Company, sat down with Insurance Journal’s Chris Boggs to discuss how the Non-admitted and Reinsurance and Reform Act of 2007 would fix these problem [...]
-
Times of Boom and Bust
The property/casualty industry has its times of boom and bust. How are surplus lines brokers in particular affected by this and what can they do to remain profitable? E.G. Lassiter, chairman and CEO of Atlanta-based RSUI Group Inc., answers that and other questions in this interview with Insurance Journal’s Andrea Wells at the recent National [...]
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