National Underwriter's Guide to the E&S/Specialty Lines News


Specialty Program Managers Staying Put, Carriers Say
With few existing programs looking for new homes, two program carrier executives—Joseph Peloso of Liberty International Underwriters and Bill Davis of Delos Insurance Group—say they are looking to grow their program portfolios by expanding relationships with their current program administrator partners.


Historic Houses, Museums Pose Unique Replacement Challenges For Carriers
Insurance underwriters and specialty brokers involved in the historic homes and museums specialty niche face challenges beyond the economy and a soft pricing market, such as the difficult task of replicating forms of construction no longer in use today.

ACT Extends Real Time Initiative To Wholesale Relationship
"We are at war over keystrokes," declared a retail agent during a webinar late last month detailing efforts underway to improve efficiency between retail and wholesale insurance brokers and the E&S carriers that accept their business.

NAS' Doctors' Defense Program Evolves
Not every new insurance idea is a roaring success out of the gate, but a change in delivery model helped jumpstart the success of one of NAS Insurance Services specialty programs, CEO Richard Robin told NU recently. MEDEFENSE—an endorsement to medical malpractice policies covering defense costs and fines and penalties resulting from various types of regulatory investigations—is one of several program successes for NAS, which is celebrating its 35th year in business in 2010.

Small Firms Can Face Big EPL Exposures
A survey of small-business owners conducted for Hartford Steam Boiler found that 66 percent were concerned their employees would file an employment-related charge against them, reports HSB VP Jeffrey O'Shaughnessy. With nearly half of them unaware that affordable coverage is available, only 1.1 percent actually buy employment practices liability insurance.

84th AAMGA Meeting Focuses On Formula To Harvest Opportunities
The annual meeting of the American Association of Managing General Agents had more than 800 registrants a month before the event, which is scheduled to be held on May 22-26 in Palm Desert, Calif. This article outlines some of the scheduled activities for the 84th annual gathering, the theme of which is "Commitment + Value Added = Opportunity In A Changing World."

This Month in NU Magazine
In National Underwriter magazine this month, the May 17 edition will include an article authored by directors and officers liability insurance claims expert Joseph P. Monteleone, a partner with the law firm Tressler LLP, describing emerging issues tied to escalating defense costs in securities class actions. The article outlines practical steps for insurers and insureds to take in order to avoid unnecessary and costly disputes over legal fees.

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