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... Generali, and Winterthur), and reinsurance/variable insurance programs (financial reinsurance, stop-loss reinsurance, catastrophe reinsurance, etc.). The international market e... arrangement with IMMS correspondent brokers principally in the following stat...

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While a reinsurance intermediary operates between the ceding insurance company and the reinsurance company market, the specialty insu...E&O, Private Passenger Auto Liability, Contractors Liability, Auto Default insurance, Crane R...

... purchasing excess insurance or reinsurance. INSURANCE LINES The other quest... magazine for risk and insurance professionals.

... a captive? Are you involved in reinsurance, TPA, or risk management consultin...eet their needs with courtesy and professionalism. A satisfied insured is less...

...ly in excess of 2:1? No. Due to reinsurance cedings and capital contributions ...ure loss ratios of 283% for General Liability and 973% for Auto Liability. Has there been any negativ...

... Exhibits 2 and 4 indicate that surplus would've been significantly depleted without the massive capital contributions made by the new owners in 1983 and 1984. Is the ratio of net premiums written (NPW) to PHS significantly in excess of 2:1 ? No. Due to reinsurance cedings and capital contributions to surplus, Big Red maintained this ratio at acceptable levels. During the past five years, has premium volume and/or reinsurance increased by 25% or has NPW fluctuated significantly? Yes. Exhibit 5 indicates instability in NPW, together ... most of your time should be focused on tasks and issues that are Important, but Not Urgent' — i.e., the critical functions that affect survival and success. The same can be said for monitoring the financial stability of the carriers you use for direct and brokered business. With more urgent tasks at hand, it's all too easy to ignore warning signs that you could uncover with minimal effort. This article will review methods for you to protect yourself and your clients from insurer insolvency, and provide a handy downloadable tool that ... carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and ...

...ry insurance, excess insurance, reinsurance, surplus lines insurance, and any ...hall apply only to the provision of liability insurance by a risk retention group or the purchase of liability insurance by a purchasing group,...

...are of potential changes in the reinsurance and London markets that can affe...good time to determine which E&S brokers will best fill your needs and the...

... would probably experience many small Workers Compensation claims but relatively few, if any, large claims. A bank can also expect to have numerous low severity Comp claims. Alternative risk financing usually involves loss severity — the exposure to large losses — by purchasing excess insurance or reinsurance. INSURANCE LINES The other question asked most often is "What lines of insurance are best for alternative risk financing?" Casualty lines — Workers Compensation, General Liability (including Products), and Auto Liability — are the best candidates for alternative risk financing. ... management process. Captive risk financing carries somewhat higher non-loss costs and imposes greater administrative concerns than self-insurance and large-deductible plans. CHOOSING RISK FINANCING Here are the steps that a medium-sized company should follow in the financial evaluation of risk management alternatives: Work with a consultant or your broker to identify and analyze suitable alternatives. Project losses and costs, and compare the net present value of each of the risk financing alternatives to the cost of purchasing insurance. Simulate the variability of results. Be certain that you examine worst-case scenarios as well as expected ... improved cash flow and cost savings. The extent of improvement and the degree of control over the risk management process will vary, depending on the firm's internal management practices and organizational suitability. Reproduced with permission from riskVue, a free monthly online magazine for risk and insurance professionals. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money when ...

... the case is that it is the duty of the Department of Insurance to be sure the carrier is solvent. For non-admitted carriers, coverage can be placed only through a surplus lines broker or special lines surplus line broker licensed in California, except for personal coverage and reinsurance. If an agent places coverage through a California licensed surplus lines broker, the same argument can be made that it is the duty of the surplus lines broker to insure that the non-admitted carrier is solvent. If the agent (not a surplus lines broker) ... coverage with the insured (though not on the contract of insurance) . Troost v. Estate of DeBoer (1984) 155 Cal.App.3d 289, 202 Cal.Rptr. 47. In the cases of an agent acting solely for a disclosed insurer (and not also as a broker acting for an insured), there is authority that only the insurer (as principal) and not the agent can be held for non physical damage for breach of contract or negligence. Walker v. Home Indemnity Co. (1956) 145 Cal.App.2d 318, ... ones. C.C.P. Sections 337(1 ), 339, Walker v. Pacific Indemnity Co. (1960) 83 Cal.App.2d 513, 6 Cal.Rptr. 924. There is no defense of comparative fault, as in negligence claims. Punitive damages are not allowed. Professional negligence. A claim for negligence involves an agent's failure to meet the minimum standard of care of agents in the community (negligence), when he has a duty to act, if damage is caused by the negligence. See Kurtz, Richards, Wilson & ...