Most Clicked NAMIC dailyLead Stories
1. Dodd's reform bill seeks to regulate big insurers
NAMIC dailyLead | Mar 16, 2010
Sen. Chris Dodd, D-Conn., on Monday introduced a financial-services-reform bill that would give federal banking regulators oversight authority over large insurance companies that some believe pose a systemic risk and also require those with more than $50 billion in assets to pre-fund a systemic-risk pool. The legislation also seeks to establish an Office of National Insurance and streamline regulations for the surplus lines and reinsurance sectors. National Underwriter (free registration) (03/15) Business Insurance (03/15)
2. How to respond when someone is screaming at you
NAMIC dailyLead | Mar 15, 2010
If someone at work is yelling at you, don't yell back and don't walk away unless you fear physical violence. Instead, remain calm and restate what they're saying, says Damon Beyer, co-author of "The Right Fight." "It takes a tremendous amount of energy for someone to stay that angry, especially if the other person is calm and listening," Beyer says. New York Times (free registration), The (03/12)
3. Casualty-catastrophe models still need improvement, say experts
NAMIC dailyLead | Mar 15, 2010
Casualty-catastrophe models have advanced on technical and scientific fronts during the past two decades, but their improvements are mostly in human capabilities, according to experts. The models need further development before they can be used by reinsurers. As such, AIR Worldwide and Risk Management Solutions are updating their hurricane models to integrate scientific data and new technologies. Business Insurance (03/15) Business Insurance (03/15) Business Insurance (03/15)
4. Financial-reform legislation concerns insurance groups
NAMIC dailyLead | Mar 17, 2010
Insurance trade associations have voiced opposition to provisions in the financial-reform bill that would subject insurers to federal regulation to curb any systemic risk similar to the one that spurred the recent financial crisis. NAMIC Senior Vice President Jimi Grande stressed that "virtually every examination of the crisis has shown that property/casualty insurers played no role in creating the crisis and pose no systemic risk to the overall economy." InsuranceTech.com (03/16)
5. 5 tips to help you manage like Jack
NAMIC dailyLead | Mar 18, 2010
Jack Welch was a legend in the business world, and his management style holds useful lessons for any modern executive, writes Marc Davis. Whether it's Welch's ability to welcome change or his laissez-faire leadership style, you can't go wrong by following the former General Electric CEO's example, Davis writes. "In business as in life, there are no guarantees," he adds. "But for any business -- gigantic, medium-sized, modest, or small -- the management philosophy of Jack Welch may be applied equally." San Francisco Chronicle (03/16)
6. Recent California quake triggered by fault that expert had said "could eat L.A."
NAMIC dailyLead | Mar 18, 2010
Los Angeles Times (03/17)
7. Thinking of quitting? Read this first
NAMIC dailyLead | Mar 18, 2010
Here's a tip: If you're planning to move to greener pastures, don't let your bosses find out about it in a news release from your new employer. That's how Joanne Bradford, formerly of Yahoo!, broke the news of her switch to Demand Media, in what Steve Tobak calls "a really ugly and unprofessional way to jump ship." The way you leave a job says a lot about your character, Tobak argues -- and that's something your future employers will be paying attention to. BNET (03/16)
8. P/C insurers outdo counterparts in customer satisfaction, survey finds
NAMIC dailyLead | Mar 19, 2010
Property/casualty insurance carriers earned a higher customer-satisfaction rating compared with life and health insurers in a survey by Satmetrix Systems. "A company's ability to deliver a superior customer experience relative to its industry peers is a critical indicator of customer retention and new customer acquisition through positive word of mouth," said John Abraham, a manager at the firm. Insurance Networking News (03/18)
9. Bill to extend NFIP until Dec. 31 stalls in House
NAMIC dailyLead | Mar 18, 2010
Members of the House are moving to delay legislation that would extend the National Flood Insurance Program and other federal programs until Dec. 31 because of tax-cut provisions endorsed by the Senate. Although the NFIP reauthorization faces uncertainty, NAMIC's Kathy Mitchell lauded Congress' effort to avoid another lapse in the program. National Underwriter (free registration) (03/18)
10. Flattery will get you anywhere
NAMIC dailyLead | Mar 15, 2010
Forget rational argument: To achieve lasting business victories, you'd do better to spend your time complimenting people on their dress sense, writes Andrew O'Connell. Rational persuasion lasts only until a better counterargument comes along, O'Connell notes, but subconscious "gut feelings" -- such as the irrational sense of well-being that follows even an obviously insincere compliment -- are harder to shake off. Harvard Business Review online (03/11)
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Companies in the news
- Allied World Assurance Co.
- Assurant Inc
- Crawford
- Esurance
- FSA
- Geico
- HCC Insurance Holdings Inc
- Loews Corp
- National Underwriter
- Progressive Corp
- SCOR
- The Allstate Corporation
- The Hartford
- XL Capital Ltd
- Zurich Financial Services