Loss Control

In addition to the company profiles featured in the Aug. 22/29 issue of National Underwriter, the risk managers from these award-winning companies participated in a roundtable discussion at the Workers Compensation Educational Conference in Orlando. Heres what they had to say.

Jack McCalmon, president of The McCalmon Group Inc. in Tulsa, Okla. and partner at Titus Hillis Law Firm in Tulsa, advises risk managers to get involved early and often with their companys litigationand to lobby for settlements as the best cost-control strategy.

A number of challenges continued in the workers compensation segment throughout 2010, causing additional decline in premium volume and deterioration of underwriting results, according to A.M. Best.

A two-day underwater examination conducted by Transocean and the U.S. Coast Guard (USCG) Oct. 4-5 confirmed that there are no hydrocarbons leaking from the sunken Deepwater Horizon or the riserthe pipe linking the rig to the well head prior to the Macondo accident last year.

A two-day underwater examination conducted by Transocean and the U.S. Coast Guard (USCG) Oct. 4-5 confirmed that there are no hydrocarbons leaking from the sunken Deepwater Horizon or the riserthe pipe linking the rig to the well head prior to the Macondo accident last year.

The new study on excess loss development adds 4 calendar years of large loss experience to a 2007 paper.

The new study on excess loss development adds 4 calendar years of large loss experience to a 2007 paper.

Risk Management Solutions revised catastrophe model has already been mentioned as a reason for insurers rate increases for some property risks, but how are brokers and insureds handling the news that premiums are going up, in part due to a model revision?