Donelon to Prez: Please Stop NFIP Hikes | 4.5M Homes at Risk of Wildfires | Thieves Loves the Holidays

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November 20, 2013 PropertyCasualty360.com
First Notice Donelon Asks President to Hold Off Raising Flood Rates By Arthur D. Postal, PropertyCasualty360.com Lousiana Insurance Commissioner Jim Donelon used an opportunity to meet with President Obama to present him with a letter asking him to refrain from raising flood insurance rates for residents of his state.…Read more Slideshow Thieves Thrive During Holiday Travel By Caterina Pontoriero, PropertyCasualty360.com In the past three years, there were almost 15,000 home thefts in the peak holiday travel months of November, December and January.…Read more Industry News Verisk Analysis: 4.5 Million Homes at Big Risk of Wildfire By Chad Hemenway, PropertyCasualty360.com More than 4.5 million homes in the U.S. are at high or extreme risk of wildfire. …Read more Market Influences in Appraising Fine Art By Christian Trabue Trained appraisers know that to accurately value a work of art, they must find comparable works in the marketplace. How do certain events help dictate pricing and, by extension, replacement costs?…Read more Yellen Takes Big Step Toward Becoming Next Fed Chair By Alister Bull and Margaret Chadbourn, Reuters Federal Reserve Vice Chair Janet Yellen moved closer on to becoming the first woman to lead the U.S. central bank after a Senate committee approved her nomination and sent it to the full Senate for a final vote.…Read more For 150 years, we have insured some of America's most iconic moments. We take pride in protecting the dreamers, inventions and buildings that make this country what it is today. Read more about our role in our country's history. Domestic P&C Insurers Seek Tax Reform to Reduce Benefits to Foreign Companies By Arthur D. Postal, PropertyCasualty360.com The Senate Finance Committee has approved a draft tax reform proposal that includes a provision sought by domestic P&C insurers to change the tax treatment afforded offshore insurers doing business in the U.S.…Read more Significant Innovations in Flood Insurance Coverage Since Superstorm Sandy By Jeremiah Konz In the aftermath of Superstorm Sandy, many corporate risk managers whose organizations had experienced a flood loss found their companies facing a new exposure. …Read more Underwriting and Business Intelligence: Art Meets Science By Michael P. Voelker Data-driven technology has allowed insurers to ­automate much of underwriting in some areas of P&C, but the larger goal of transforming underwriting form an art to a science is achieved by making better use of business intelligence to increase efficiency and improve outcomes.…Read more Case Analysis: Indiana Appeals Court finds Insurer Cannot be Bound by Broker's Failure to Act By Barry Zalma The broker’s responsibility is to the insured and failing to fulfill that duty can exonerate the insurer and result in a serious and expensive claim to the broker for inaction.…Read more Kindling on an Ember: State vs. Federal Regulation By Ted Besesparis More questions have been raised against NAIC and its role in the marketplace. Is the timing more than coincidence?…Read more Perspective Medical Bill Review and Claims: The Devil is in the Details By Christopher Tidball Doing legwork upfront will help insurers optimize medical bill review and reduce claims leakage.Read more Editors' Picks NICB: Q3 Questionable Claims Increase 24% from 2011 Turkey Dynasty 8 Tips for Avoiding a Thanksgiving Lawsuit WYO Insurers: Carefully Consider NFIP Rate Changes to Avoid More Consumer Confusion How to Purchase Cyber Insurance Comment of the Day Having different rules for different policies tears at the fabric of the basic "fair and equitable" laws. — Tom T, Commissioners Skip Meeting with President Obama Featured Lines Environmental Insurance Connect with Us Subscribe to our eNewsletters Get the best of PropertyCasualty360.com, from market trends and news to the analysis you need – it's the information you need to solve your biggest business problems…so you can sleep at night. Check out PropertyCasualty360.com eNewsletters!
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