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Best regards
Zmags
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December 2008
Monthly Insurance News Magazine Insurers • Agents & Brokers • Reinsurers
Jim Cunningham,
vice president of
the railroad division
at Markel Corp.
America’s railroads are required to transport
hazardous materials—but liability insurance
is expensive and limited.
PAGE 28
Stayin’ Alive: Why
Perpetuation Works
for Agencies
PAGE 38
A.M. Best’s Exclusive
Rankings: Inland
Marine, Marine,
Fire & Allied
PAGE 32I
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Want to read Best’s Review in print? Subscribe an
Claims estimating technology is undergoing an int
Published Since 1900 BEST’S REVIEW
MAIDEN RE Greater than the sum of its parts.
W e would like to introduc
Contents BEST’S REVIEW December 2008 Vol.1
"The CERA credential's emphasis on enterprise ris
77 XCLIMATE CONSEQUENCES PROPERTY/CASUALTY 32TO
!*#&%&+ ,)! $(!&+
INSIGHT COLUMNS 60 65 69 73 80 85 95 TECH
'"!"( )& $"(
Comment Quote/Unquote “ This fin
If risk management was a game show category, gu
Highlights From BestWeek Briefing Greenberg’s Ta
Democrats Go 4 for 5 Only North Dakota Republican
Briefing By the Numbers Recently published Specia
Gain insights. Develop solutions.
Stock Watch Briefing Tracking the Stocks of Globa
Employment Insurance Jobs Bucking a national
People in Insurance Property/Casualty
Property/Casualty (continued) Fargo Insurance S
People in Insurance Life (continued)
('!' (&-'&"(!#&*"("& ,*&,,)"&"')&&'+#&$((!""
Insurance Marketing ADVERTISING Selfless Gifts
LIMIT YOUR LIABILITY. Shrink your risk of time w
Product News SPOTLIGHT Firms Offer Campground C
INSURE REINSURE REALLY SURE Edwards A
Ratings Rating Actions T his edi
Ratings Under Review Rating
Railroad Liability Property/Casualty THE DEFEN
The News: As mandatory transporters of haz
Layering Coverage As the broker for most
Railroad Liability Property/Casualty Types of Ra
Cunningham said. He estimated the total railroad
Top Writers Property/Casualty U.S. Inland Marine
Top Writers Property/Casualty U.S. Fire & Allied
5"1*/50 5)&108&3
U.S. Fire & Allied Lines – 2007 Top Writers by St
Top Writers Property/Casualty U.S. Ocean Marine –
Agency Perpetuation Agent/Broker
Agency Perpetuation Agent/Broker Small to mids
Agency Perpetuation Agent/Broker Exit Strategies
#1 in indexed life insurance and indexed annuitie
Reverse Mortgages Life THE NEW AGE Pre- and Po
Back-Up Plan
Reverse Mortgages Life vice president of mortgag
Leading the Way
our bank acknowledges it is increas- ing,” said D
Reverse Mortgages Life MetLife Bank has closed o
Wellness Programs Health/Employee Benefits One
The company isn’t alone. More organizations no
“As long as these [healthy lifestyle benefits] ar
Wellness Programs Health/Employee Benefits of co
Longevity Insurance Life Gr eat Expectations
from the 5.3 million people in this age group in
Longevity Insurance Life leads them to be too co
Medical Spas Property/Casualty BURNING ISSUES: Pa
“Some underwriters will allow procedures to be do
Medical Spas Property/Casualty more than 55 mill
Distribution Systems Technology INVESTMEN
He said the most effective use of tech- nology no
Technology Insight Technology
Connect the dots: Your workflow is your life
Distribution Agent/Broker Agents’
transaction using download,he added. “It’s
Distribution Agent/Broker “Agents want to still
Selling Insight Agent/Broker
2009 Renewals Reinsurance/Capital Markets Cleari
IKE HITS TEXAS: Landing as a Cat- egory 2 hu
2009 Renewals Reinsurance/Capital Markets By its
Selling Insight Life
Bank-Owned Life Insurance Life Ban
the fund managed by BlackRock. A policy owned
Bank-Owned Life Insurance Life and analyzes thei
Underwriting Insight Life
Offshore Ceding Reinsurance/Capital Markets Face
Level the Playing Field (continued) confidence s
Survey Results Reinsurance/Capital Markets Indus
Cat Modeling Property/Casualty Climate Consequenc
Additionally, they must keep risk itself in
Cat Modeling Property/Casualty using today’s mod
Loss/Risk Management Insight Property/Ca sualty
WHATEVER, WHEREVER, WHENEVER THE RISK, THERE’S A
Risk Modeling Property/Casualty C-Level Agenda
CODE RED: Insured losses after Hurricane Katrina
Risk Modeling Property/Casualty ensure that vari
Underwriting Insight Property/Casualty
Why worry when it’s time to prepare your statemen
2009 Meetings Meetings Agent/Broker Indus
Property Casualty Insurers Association of America
Meetings Agent/Broker LIMRA International
Professional Liability Under- writing Societ
Meetings Agent/Broker Property Loss Resear
Meetings Agent/Broker Atlanta, Atlanta, www.nami
Federal Regulation Regulatory/Law Get Ready
Federal Regulation Regulatory/Law A smaller insu
Legal Insight Regulatory/Law
Municipal Bonds Reinsurance/Capital Markets M
This diagram illustrates the balance: Tax-Exempt
Municipal Bonds R einsurance/Capital Markets
E-Fusion Technology Coming T gether In October
E-Fusion Technology Technology-Based Underwritin
Insurance Industry News Now! BestDay® offers
Companies Hartford Laying Off Nearly 2% Of Work F
Editorial Calendar: Looking Ahead February 2009
The Last Word From cut-your-own farms to towerin
Some sureties say one thing, but really mean an