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For Our Valued Subscribers
A Complimentary Special Report
 
 
 
This is the 10th study conducted by A.M. Best Co. on the long-term impairment rates of A.M. Best-rated, U.S.-domiciled insurance companies. It updates Best's Impairment Rate and Rating Transition Study - 1977 to 2011, published March 26, 2012. Three companies were added to the impairment list in 2012.
 
 

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In the Press In the Press

Each quarter, "In the Press" brings you the most important press releases, announcements and achievements from Directories listees.

Title Firm Location/Date/Firm Name
Rudolph, Fine, Porter & Johnson Hires New Attorney and Paralegals
(Evansville, IN) June 7, 2013
Former U.S. Federal Reserve Insurance Counsel Frank Alerte Joins Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb
(Fort Lauderdale, FL) May 31, 2013
Luks, Santaniello Law Firm Unveils New Examination Under Oath (EUO) Scheduling Website
(Fort Lauderdale, FL) May 30, 2013
Robert T. Keen, Jr. Joins Barrett & McNagny LLP
(Fort Wayne, IN) May 2013
Brown & Joseph, Ltd. Appoints Jessica Schneider as New Comptroller
(Rolling Meadows, IL) May 10, 2013
(Rolling Meadows, IL) April 18, 2013
YMW Attorneys Present at NCADA CLE Program
(Raleigh, NC) March 21, 2013

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Community Showcase


Zarwin March Madness Raised $40k and Collected 1,000 Pounds of Food for Philabundance
 
On March 21st, Philadelphia firm Zarwin Baum DeVito Kaplan Schaer Toddy P.C. partnered with HUB International (HUB), a leading Insurance Brokerage to host nine hours of networking, NCAA March Madness Tournament viewing, and fundraising for Philabudance, at the 11th Annual Zarwin HUB March Madness. This year's event more than doubled last year's effort, by raising $40,000 and collecting 1,000 pounds of food for Philabundance, the Philadelphia region's largest hunger relief organization. Since 2010, the firm has raised over $90,000 for this organization. A.M. Best applauds this firm's efforts to support their community and we are proud to feature Zarwin Baum in our Community Showcase. Read more about the 11th Annual Zarwin HUB March Madness.

"Community Showcase" is a forum for highlighting significant contributions that current Best's Directories listees have made in their communities. Contributions may include pro bono cases, community outreach projects, volunteer work or charity efforts.

Do you know of a firm or individual who has made a difference in their community? Visit our "Community Showcase" FAQ page to learn more about this feature or complete our "Community Showcase" Nomination Form. Nominations are accepted year-round.

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For the Record For the Record
"For the Record" showcases the latest articles from current Directories listees.
 
Title of Article Author/Firm
When Claims People Become Human Services People and Vice Versa
Taxable Damage Structured Settlements
Dan Finn, President & CEO - Finn Financial Group, LLC
 

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Legally Speaking Legally Speaking

Each quarter, "Legally Speaking" highlights the newest Insurance Law Podcasts from A.M. Best. To listen to a podcast, please click on the podcast title. A new window containing an audio player will open. At the end of the podcast, please close the audio player window to return to your BestConnect newsletter. If you enjoy the podcasts below, be sure to visit our archive for other podcasts you may have missed.

Posted: Tue, 04 June 2013
Attorney Irwin Kramer, managing partner of the insurance defense firm of Kramer & Connolly in Reisterstown, Maryland, dissects the complexity of professional liability cases and the law firm-insurer relationship.
Posted: Tue, 07 May 2013
Attorney Joseph Cunningham from the Law Offices of Joseph F. Cunningham, PLC, in Arlington, Virginia, discusses the implementation of individual state mediation programs to assist with policy disputes and the relationships between law firms and insurance carriers.

Posted: Thu, 28 Mar 2013
Attorney Michael Salem from the law firm of Nelsen, Thompson, Pegue & Thornton, A.P.C. in California, examines employee dishonesty coverage, the danger of expanding coverage to investment advisers and the impact on insurance companies.

Posted: Thu, 21 Mar 2013
Attorney Daniel Raab from the Daniel W. Raab, P.A. law firm in Miami, Florida, discusses a transportation case involving damaged goods during sea transit and the impact on the insurance industry.
 
Sign up now to have new Insurance Law Podcasts sent directly to you.
 

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As the U.S. House of Representatives introduces legislation to extend the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA), uncertainty remains as to whether Congress will allow the program to lapse in December 2014, or if it is renewed, what the backstop will encompass. Material changes would raise rating concerns.

 
If you would like to view other reports, visit our Member Center to register.
 

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In Brief

"In Brief" highlights important insurance industry news from A.M. Best's award-winning news publications. Access to full stories may require a subscription to the publication.

Title of Article Article Date
A.M. Best Analyst: Insurers Look to Risk Concentration and Exposure to Determine Impact of Okla. Twister -- Risk concentration and exposure will be the bottom line for insurers in determining impact from a massive tornado that consumed large swaths of an Oklahoma town, an A.M. Best Co. analyst said. May 21, 2013
Allstate Loses $242 Million on April Catastrophes -- Allstate Corp. lost a pretax estimated $242 million on catastrophes in April, getting walloped by two storms that accounted for over 75% of that figure, the company said in its monthly disclosure. May 16, 2013
Dog Bite Insurance Claims Fall in 2012, Average Costs Up -- Dog bite claims tallied about one-third of all homeowners liability payouts in 2012, costing more than $489 million, according to the Insurance Information Institute. May 15, 2013

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It's the Law

The Law Digest is a summary of the insurance laws for each U.S. state and Canadian province. Our aim is to provide a reference source that covers some of the general insurance principles in leading case decisions.

The following U.S. and Canadian Law Digests have been recently updated:

To see the full list of updates, click below.

It's the Law
 

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Notable Listings Notable Listings
We are pleased to welcome the following new listees this quarter, and to recognize those who have reached a milestone with Best's Directories.

New Listings

Best's Directory of Recommended Insurance Attorneys

Best's Directory of Recommended Insurance Adjusters

Best's Directory of Recommended Expert Service Providers

Hudson International - Engineering Experts
Paul Kastes CPM LLC - Consultants
Wayne, PA
Young Harris, GA
Houston, TX
 

Best's Directory of Insurance Actuaries

 

Notable Listing Anniversaries

Congratulations to the following listees with major anniversaries with Best's Directories this quarter:

Years Best's Directory of Recommended Insurance Attorneys Location
50
Florham Park, NJ
Idaho Falls, ID
Salt Lake City, UT
25
Sugar Land, TX
Washington, DC
10
Mineola, NY
Chicago, IL
Little Rock, AR
Austin, TX
Cleveland, OH
Little Rock, AR
Akron, OH
Mount Pleasant, SC
Charleston, SC
Sacramento, CA
Years Best's Directory of Recommended Insurance Adjusters Location
10
Lincoln, NE
Evans, GA
Bismarck, ND
Arlington, TX
Metairie, LA
Portage, IN
Spartanburg, SC
Roanoke, VA
Catlettsburg, KY
Mandeville, LA
Years Best's Directory of Recommended Expert Service Providers Location
10
Carlsbad, CA
Grayslake, IL

 

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Informative A.M. Best Webinars

A.M. Best produces innovative online presentations that connect you with industry leaders and provide the opportunity to learn first-hand about trends and developments facing insurance today. Click on a title to open the video of your choice. At the end of the webinar, simply close the video player to return to the BestConnect newsletter.

A panel of insurance claims and adjusting experts along with an insurance coverage attorney examine how the super storm that ravaged the Northeastern U.S. is changing the game for professionals and what can be expected going forward as a result. Three of the four panelists are listed in Best's Directories of Recommended Insurance Attorneys and Adjusters. Chris McDowell, Vice President of Business Development/Managing Partner, Aplin Peer McDowell, Inc./Aplin Peer & Associates, Inc., and William "Bill" Sharpe, Manager and Vice President, Tenco Services, Inc. are in the adjuster directory; Eric A. Fitzgerald, Esq. CPCU, CLU, and Chair, Insurance Coverage and Life, Health & Disability Practice Groups, Marshall, Dennehey, Warner, Coleman & Goggin, is in the attorney directory. Also on the panel is Kenneth P. Carter, CPCU, Corporate Casualty Claim Manager from Merchants Insurance Group.
 
The risks associated with product contamination affect many industries. Food producers and processors, for example, face greater risks from product contamination in the face of new federal legislation. The magnitude is so great that without sufficient coverage companies can be forced out of business. A panel of experts discusses the changing nature of these risks, coverage considerations and risk management protocols.
 
A panel of A.M. Best analysts and insurance industry leaders discusses the state of the U.S. market for medical professional liability insurance in this webinar. The U.S. medical professional liability market is in a unique period of transition. The panel examines financial results, loss trends and industry developments. It also addresses growing competition from new organizations, including many hospitals that have begun to cover the medical risks of their physician employees. U.S. health reform is also creating new opportunities and pressures for insurers of medical risk.

Don't miss any of the upcoming webinars! View our full webinar schedule, or register to attend a session.

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Upcoming Insurance Industry Trade Shows, Conventions and Events
View the latest schedule for up-to-date information on insurance industry events from the Meetings & Conventions database.
 
 
Upcoming Insurance Industry Trade Shows, Conventions, and Events

Meeting Name / Association

Event Date

Location

National Association of Independent Insurance Adjusters
June 17-20, 2013 Hilton Head Island, SC
Society of Insurance Trainers & Educators
June 23-26, 2013 Portland, OR
American Association of State Compensation Insurance Funds
July 14-17, 2013 Austin, TX
American Risk & Insurance Association
August 4-7, 2013 Washington, DC
National Association of Mutual Insurance Companies
September 22-25, 2013 Seattle, WA

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