Best's Review: Despite Risk, America's Love Affair with Ocean Development Continues.OLDWICK, N.J. -- Best's Review's cover story, "Heading for the Coasts," reveals how U.S. property/casualty insurers have geared up for what's predicted to be an active hurricane season Hurricane season refers to a period in a year when hurricanes usually form. For more information see: Tropical cyclone#Times of formation. For a lists of past seasons, see:
adj. 1. Ready and willing to be taught; teachable. 2. Yielding to supervision, direction, or management; tractable. summer weather activity allowed P/C insurers to react to 2005's violent hurricanes by limiting exposures. "The strong performance in 2006 provided the opportunity for the industry to fortify for·ti·fy v. for·ti·fied, for·ti·fy·ing, for·ti·fies v.tr. To make strong, as: a. To strengthen and secure (a position) with fortifications. b. To reinforce by adding material. its financial strength, reduce exposures and enhance risk management strategies," said Anthony Diodato, vice president of A.M. Best Co.'s Property/Casualty Division. "Heading for the Coasts" also discusses how and why the annual hurricane season can flatten insurers' stock prices. Other highlights of June's issue include: * It's a keeper. Look for Best's Review's Corporate Changes--the insider's guide to 2006 industry transactions. * Learn how risk managers of U.S. schools and colleges are busier than ever ensuring their campuses have effective emergency plans in place. * The debate over supplemental and contingent commissions Contingent commissions is a term used in the American insurance industry for any kind of broker's commission which is contingent upon some event occurring (instead of a commission paid on the sale itself). In the UK this form of payment is known as Overriders. lives on -- discover on which side of the battle line the largest brokers and insurers stand. Best's Review is published by the A.M. Best Co., for insurance professionals, including home office executives, agents, brokers and others who are affiliated with the industry, such as bankers, lawyers and educators. To read these articles and more, subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; Best's Review by visiting our Web site at www.bestreview.com, calling the A.M. Best customer service department at 908-439-2200, ext. 5742, or e-mailing your request to customer_service@ambest.com. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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