I had grand ideas of the wealth and importance of Insurers of Ships in the City, and I began to think with awe, of having laid a young Insurer on his back, blackened his enterprising eye, and cut his responsible head open.
It appeared to me that the eggs from which young Insurers were hatched, were incubated in dust and heat, like the eggs of ostriches, judging from the places to which those incipient giants repaired on a Monday morning.
He replied, "A capitalist - an Insurer of Ships." I suppose he saw me glancing about the room in search of some tokens of Shipping, or capital, for he added, "In the City."
If you go into the markets and the custom-houses, the insurers
' and notaries' offices, the offices of sealers of weights and measures, of inspection of provisions,-- it will appear as if one man had made it all.
'And, gentlemen, when the timbers of the Vessel of the State are unsound and the Man at the Helm is unskilful, would those great Marine Insurers
, who rank among our world-famed merchant- princes--would they insure her, gentlemen?
These new claim objectives create a good-faith checklist and should help disability insurers
avoid bad-faith litigation.
Unfortunately, this narrow approach can leave marine insurers
with a bleak recovery prospect.
Among property/casualty insurers
it is widely accepted that deep reserves of high-quality data are essential to profitable rating, underwriting and reserving.
The case law is far from uniform on the applicability of the common interest doctrine to communications among insurers
and their reinsurers.
Directors and officers liability insurers
continue to assess the impact of corporate stock option "backdating" practices, originally feared as holding the potential for Enron-sized market losses.
However, in today's world, buying insurance/reinsurance coverage from foreign insurance/reinsurance companies is not just the domain of insurers
. Risk managers, such as manufacturers or those in the service industry, regularly arrange for some insurance coverage from a number of foreign insurance companies.
He called for Congress to reauthorize guarantees scheduled to sunset at the end of this year with the expiration of 2002's Terrorism Risk Insurance Act (TRIA), saying that the guarantees protected insurers
in the event of "an attack on a shopping mall in Utah."