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Most Clicked NAMIC dailyLead Stories


1. The 6 core competencies you probably don't have

NAMIC dailyLead | Nov 18, 2009

A survey of 2,200 business leaders identified seven core competencies critical for successful leadership now and in the future -- and found that the majority of today's business chiefs had mastered only one of them. The report, from the Center for Creative Leadership, says that there's a "leadership gap" between executives' actual and required skill sets, and that big changes will be needed to keep companies on track in coming years. ThePracticeOfLeadership.net (11/17)


2. Financial services bill could have unintended impact on insurers

NAMIC dailyLead | Nov 16, 2009

While lauding the inclusion of surplus lines reform measures in the financial-services legislation, property/casualty insurers are wary about other provisions in the bill. The bill seeks to create an Office of National Insurance with no regulatory powers, and such "sweeping" legislation could have "unintended consequences that insurers must be concerned with," NAMIC Senior Vice President Jimi Grande said. Business Insurance (11/16)


3. Commentary: Financial-services bill could hurt P/C insurers

NAMIC dailyLead | Nov 17, 2009

Although the financial services reform legislation under debate in Congress would streamline surplus-lines regulations, its systemic-risk provisions remain a concern among property/casualty insurers that do not pose such a risk, NAMIC Senior Vice President Jimi Grande writes. The bill also would create an Office of National Insurance, but NAMIC believes "a properly constructed, nonregulatory federal insurance office could help streamline and create more uniformity." Hill, The (11/16)


4. IIHS's tougher tests lead to fewer safety picks from 2010 model cars

NAMIC dailyLead | Nov 18, 2009

The Insurance Institute for Highway Safety has upgraded its car-safety tests and included a new roof-strength requirement for the 2010 model year, resulting in fewer vehicles receiving passing scores. Only 19 cars and eight sport utility vehicles got top safety ratings compared with 94 vehicles in the 2009 model year. Wall Street Journal, The (11/18)


5. Florida appeals court sides with auto insurer on PIP case

NAMIC dailyLead | Nov 16, 2009

A District Court of Appeal in Florida decided in favor of an auto-insurance company when it overturned a lower court's decision on a personal-injury protection claim. The appeals court ruled auto-accident victims cannot sue an insurer if they fail to explain the benefits from denied claims. The ruling would lead to "a decrease in frivolous lawsuits filed solely for the purpose of obtaining attorney's fees from the insurance company," the insurer's attorney said. National Underwriter (free registration) (11/13)


6. Groups insist insurers should not be subject to prudential supervision

NAMIC dailyLead | Nov 18, 2009

NAMIC and four other insurance-industry associations voiced opposition to provisions in the proposed Financial Stability Improvement Act that would subject property/casualty insurers to increased prudential supervision. In a letter to House Financial Services Committee Chairman Rep. Barney Frank, D-Mass., the groups also sought to expand the exemption of insurance-subsidiary firms from the enhanced resolution authority to the rest of the legislation. Business Insurance (11/17)


7. 2009 Atlantic hurricane season the quietest in over a decade

NAMIC dailyLead | Nov 20, 2009

Weather experts say the El Niño phenomenon is responsible for this year's Atlantic hurricane season being the quietest since 1997. The season, which officially ends Nov. 30, produced only nine named storms, three hurricanes and two major hurricanes. Wall Street Journal, The (11/19)


8. NAIC succeeds in making changes to Federal Insurance Office bill

NAMIC dailyLead | Nov 19, 2009

The National Association of Insurance Commissioners has successfully negotiated for major amendments to the Federal Insurance Office bill, which would require the proposed agency to work closely with state regulators on forging international insurance agreements. The changes also "strike an appropriate balance among the needs of consumers, state regulators and federal negotiators by preserving important state and market regulation while allowing for agreements with equivalent regulatory systems," said Roger Sevigny, NAIC president and New Hampshire insurance commissioner. National Underwriter (free registration) (11/18)


9. How you follow determines how you will lead

NAMIC dailyLead | Nov 17, 2009

Your leadership style is determined by the kind of follower you were, and "don't kid yourself," you can change it, writes Bret L. Simmons, a University of Nevada management professor. The behavior and assumptions you learn as a follower become ingrained and determine how others relate to you and how you project what you consider acceptable, Simmons says. BretLSimmons.com (11/13)


10. If you can't say anything nice, say it anyway

NAMIC dailyLead | Nov 16, 2009

Believe it or not, employees prefer negative feedback to no feedback at all. Research shows employees who feel ignored by managers are twice as likely to be disengaged than if they have a manager who focuses on their weaknesses. Gallup Management Journal (free content) (11/12)




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