BestWeek: Negligence Central to Claims From Virginia Tech Shooting.OLDWICK, N.J. -- Potential liability claims arising from the massacre at Virginia Tech University will hinge on Verb 1. hinge on - be contingent on; "The outcomes rides on the results of the election"; "Your grade will depends on your homework" depend on, depend upon, devolve on, hinge upon, turn on, ride whether or not school authorities were negligent in responding to the April 16 campus shooting or had adequate emergency management plans in place to prevent it, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an exclusive story in this week's BestWeek. The deadliest shooting in U.S. history will very likely change the way university risk managers operate. Unlike the terrorist attack of September 11, 2001, experts said, it is unlikely it will have an immediate impact on the university insurance market, although some fear copycat events could have an impact. Also in BestWeek: -- As risk grows more complex, insurers and reinsurers are showing an increasing willingness to tap into the skills of academia in order to improve their underwriting. The Lighthill Risk Network hopes to build on that appetite. -- New Jersey is ranked as being the most vulnerable to insured losses per 1,000 square miles from a twister, according to an A.M. Best Co. special report entitled "2007 U.S Tornadoes, Toto...We're Not In New Jersey Anymore." -- Best's Global Insurance Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". finished the week of April 19 up 15.39% from a year ago. The composite index reflects the performance of 182 insurance stocks. The week's top performers were Commerce Group, Atlantic American Corp., Meadowbrook Insurance Group, Cincinnati Financial Cincinnati Financial Corporation (NASDAQ: CINF) offers property and casualty insurance, its main business, through The Cincinnati Insurance Company, The Cincinnati Indemnity Company and The Cincinnati Casualty Company. Corp., and Marsh & McLennan Cos. The bottom five performers were China Insurance International Holdings, Korean Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Co., Novae Group, Jardine Lloyd Thompson Group In mathematics, the term Thompson group or Thompson's group can refer to either
BestWeek is published by A.M. Best for insurance professionals. To 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"; BestWeek, please call A.M. Best's customer service department at 908-439-2200, ext. 5742, or e-mail 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 industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion