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Best's Special Report
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A complimentary special report for our valued subscribers. In this edition: P/C Industry Posts First Underwriting Profit Since 2009.
 
 
 
The U.S, property/casualty industry posted its first annual underwriting profit since 2009 as continued growth in premiums, moderate weather, catastrophe losses and improved core underwriting results produced a combined ratio of 96.2 for calendar year 2013.
 
If you would like to view other reports, visit our Member Center to register.


Member Spotlight
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"Member Spotlight" puts the focus on Directory listees who have participated in groundbreaking cases or developed innovative strategies and important thought leadership that affect the insurance industry.
 
We are pleased to feature Michael Young in this Edition's Member Spotlight. Mr. Young is a partner in the St. Louis office of HeplerBroom LLC whose practice focuses on insurance law and civil appellate matters. In addition to representing both insureds and insurers in Missouri and Illinois in complex insurance coverage matters at all stages of the claims process, Mr. Young has written numerous articles and has extensive presentation experience on complex insurance topics.
 
Mr. Young recently published an article on the DRI Today Web site about whether new exclusion endorsements filed by the Insurance Services Office, Inc. (ISO) will end the debate over CGL coverage for cyber liability and data breach claims. Read more.

If you know of a firm or individual who has made notable or significant achievements in the insurance industry and would like to make a nomination, visit our "Member Spotlight" FAQ page for additional information or fill out our "Member Spotlight" Nomination Form. Nominations are accepted year-round.



In the Press In the Press
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Each quarter, "In the Press" brings you the most important press releases, announcements and achievements from Directories listees.
Title Firm Location/Date/Firm Name
Haynsworth Sinkler Boyd Attorneys Receive Multiple Awards
(Charleston, SC) March 2014
Marshall Dennehey Strengthens Ohio Presence with New Cincinnati Office
(Philadelphia, PA) March 2014
Lavery Number One Regional Law Firm in Quebec
(Montreal, QC) March 2014
Opening Ceremony for Chinese Economic Development Board (Charleston, SC) March 2014
Haynsworth Sinkler Boyd, P.A.
Finn Financial Group Celebrates 5th Anniversary (Newport Beach, CA) April 2014
Finn Financial Group, LLC
Methfessel & Werbel Named Insurance Law Litigation Department of the Year by the New Jersey Law Journal
(Edison, NJ) April 2014
Traub Lieberman Attorneys Win Defense Verdicts and Appeal
(Hawthorne, NY) April 2014
Edward Ryder of Mazanec, Raskin & Ryder Retires in May
(Cleveland, OH) April 2014
Henderson Franklin Announcements
(Fort Myers, FL) April & May 2014
Recent News from Ropers Majeski
(Redwood City, CA) May 2014
Ropers, Majeski, Kohn & Bentley
Lavery Supports the Private Equity and Venture Capital Industry
(Montreal, QC) May 2014
Secrest Wardle Receives Recognition and Awards
(Troy, MI) May 2014
MDM&C Receives Accolades and Expands Reach
(Morristown, NJ) June 2014


Community Showcase
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"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.
 
 
Thompson Coe, Allstate Staff Counsel and Street Law Bring the Practice of Law to High School Students

Houston, TX — Thompson, Coe, Cousins & Irons, L.L.P. partnered with Allstate Staff Counsel in Houston (G. Patrick Collins & Associates) and Street Law, Inc., a non-profit organization dedicated to educating diverse youth about law, democracy and human rights, to administer a weeklong introduction-to-law program for two sections of AP U.S. Government students at John H. Reagan High School in the Houston Independent School District (HISD). Read more about this inspiring and beneficial educational program.

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.



For the Record For the Record
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"For the Record" showcases the latest articles from current Directories listees.
Title of Article Author/Firm
Firm attorneys offer insights on Insurance Defense, Business Law, construction Law, and Labor & Employment.
Matthew J. Trostler, Jonathan P. Geen and Calvin R. Stead - Editors
Bakersfield, CA
A recent Quebec decision in a class action has serious implications for self-assessment programs. This decision is also of interest to American insurers, whether or not they have Canadian operations. A number of states have introduced privilege protections for similar programs in the US.
Frank Palmay
McMillan LLP
Toronto, ON
A recent survey conducted among senior P&C executives examined trends in innovation such as an organization's capacity to innovate, the perceived obstacles limiting innovation, areas of investment, and other initiatives.
Enservio
Needham, MA
Update on Insurance, Construction Defect, and Commercial Auto Law in Colorado, Louisiana, North Carolina, South Carolina, Texas, Utah, and Wyoming.
Evans & Co.
New Orleans, LA
Early notice of a potential claim provides defense counsel and TPAs with an opportunity to document transient conditions, meet and evaluate eyewitnesses and speak with management personnel responsible for the smooth operation of the premises. All while maintaining the attorney client privilege.
Scott W. Bermack
Redwood City, CA
 
Running a business can be very complex, and it's a good idea to set clear policies and procedures for what should and shouldn't be done, says Nicole S. Healy, a partner with Ropers, Majeski, Kohn & Bentley PC.
 
Originally published in Smart Business Northern California, March 2014
Governo Law Firm partner Bryna Misiura recently co-presented with Charles Weaver, Ph.D. at the 2014 Annual Conference of the Emerging and Environmental Claims Managers Association (EECMA) in early May
Bryna Misiura

Legally Speaking Legally Speaking
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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, 03 Jun 2014
Attorney Charles C. Lemley at the law firm of Wiley Rein LLP in Washington, D.C. discusses bad faith liability in the state of Florida and what insurers should be aware of.
Posted: Mon, 24 Mar 2014
Attorney David Dodge with the McCathern, PLLC law firm in Dallas, Texas discusses Oklahoma's new workers' compensation legislation, how it compares to states like Texas and the odds of similar legislation being enacted around the country.
 
Sign up now to have new Insurance Law Podcasts sent directly to you.
 

In Brief
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"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

Most Insurers Preparing Response to Climate-Change Risk, NAIC Survey Finds - Climate Risk Disclosure surveys find most insurers have plans to respond to climate-change risks. The 2013 risk disclosure data on climate change regulatory activity based on 2012 data was collected in five states last year.
May 13, 2014
Best's Journal: U.S. Medical Professional Liability Segment Strong But May Be Nearing a Crossroad - The U.S. medical professional liability insurance (MPLI) segment continued its run of year-over-year profitability, but future results will depend on how well MPL insurers manage hurdles.
May 12, 2014
Deep Freeze Drags Down Nationwide's First-Quarter Net Income - Property/casualty losses resulting from the early-year deep freeze amounted to one of the most expensive Januaries in Nationwide Mutual Insurance Co.'s history, which contributed to a drop in first-quarter net income to $140 million, from $484 million.

May 9, 2014

Severe Weather in US Southeast Causes Hundreds of Millions in Claims - Insured losses from the two days of severe weather that recently swept across the Southeast are anticipated to minimally reach at least the hundreds of millions, according to a report from Aon's Impact Forecasting.

May 5, 2014


It's the Law It's the Law
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The Insurance 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.

Legal Precedents Impacting the Insurance Industry within the Past Year:

Digest Revisor
Most sections of Insurance Act, SBC 2012, are now in force. Changes to the act have made it clearer and more organized. The new Limitations Act allows longer limitation on life and disability policies but shortens the "ultimate" limitation period.
In a recent case, coverage was allowed for damage to an insured's "work" performed on the insured's behalf by subcontractors that is within the products-completed operations hazard. Owners Ins. Co. v. Jim Carr Home-builder, 2014 Ala. Lexis 44, __So. 3d__ (Ala. March 28, 2014).
 

The following Digests have also been recently updated:

Illinois Pretzel & Stouffer Chartered of Chicago
Louisiana Gieger, Laborde & Laperouse, L.L.C. of New Orleans

To see the full list of updates, click below.


Notable Listings Notable Listings
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We are pleased to welcome the following new listees this quarter and to recognize those listees 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

Atlas Safety & Security Design, Inc. - Premises Liability Experts
National Vendor - Machinery & Equipment
The SIU Group - Special Investigators
Fort Lauderdale, FL
Las Vegas, NV
Cedar Park, TX
St Augustine, FL

Best's Directory of Insurance Auditors

Middleton, WI
 

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
75 Andereck, Evans, Widger, Johnson and Lewis, L.L.C. Trenton, MO
50 Jones, Hamilton & Lay, PLC Dyersburg, TN
25 Bloomfield Hills, MI
Santa Rosa, CA
Denver, CO
Charleston, SC
Mason City, IA
Gainesville, GA
Nashville, TN
New York, NY
Tucson, AZ
Los Angeles, CA
San Francisco, CA
Honolulu, HI
Evansville, IN
Springfield, MO
10
Hartford, CT
Fort Lauderdale, FL
 
Nashville, TN
Middletown, NY
Sugar Land, TX
Boston, MA
St. Louis, MO
Years Best's Directory of Recommended Insurance Adjusters Location
50 A. E. Mahoney & Co., Inc. Buffalo, NY
25 Decker Associates Springfield, NJ
10
Mississauga, ON
Fairmont, WV
 
Years
 
Best's Directory of Recommended Expert Service Providers
 
Location
10
Hauppauge, NY
New York, NY
San Jose, CA
   


Webinars
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A.M. Best produces innovative online presentations that connect you with industry leaders and provide the opportunity to learn firsthand 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 industry experts discuss the complex relationship between independent adjusters and third party administrators (TPAs) in various insurance markets. A number of independent adjusters offer or have recently opened a TPA division within their company, but it is not clear how well equipped some industry TPAs are to handle certain claims. Participants of this webinar address the outsourcing process and the selection of reputable companies in the insurance industry.
 
Catastrophic flood events pose a widespread risk to property in the United States and are responsible for more Presidential Disaster Declarations than any other peril, with over $5 billion in economic loss each year. The panel discusses the challenges that currently exist in managing flood risk in the United States from a primary underwriting and reinsurance perspective, the advances in modeling and mapping tools available to the industry to understand and transfer risk from this peril in a manner similar to other catastrophic perils, opportunities for business growth enabled by those advances and the evolving market impact of uncertain regulatory changes.

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


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

Meeting Name / Association

Event Date

Location

NAMIC Management Conference
The National Association of Mutual Insurance Companies (NAMIC)
Jun. 22 - 25, 2014 Williamsburg, VA
NAIIA 77th Annual Conference
National Association of Independent Insurance Adjusters (NAIIA)
Jun. 25 - 28, 2014 Scottsdale, AZ
ARIA Annual Meeting
American Risk & Insurance Association (ARIA)
Aug. 3 - 6, 2014 Seattle, WA
AASCIF Annual Conference
American Association of State Compensation Insurance Funds (AASCIF)
Aug. 10 - 14, 2014 National Harbor, MD