The Society of Chartered Property and Casualty Underwriters. CPCU Journal 1992: Vol 45 Index

5 Pages·1992·1.4 MB·English

IPs
ANNUAL
INDEX VOLUME 45
INDEX BY SUBJECT
@ Coverage September 1992, p. 166. There is a popu-
lar misconception that lower market
PRE Environmental Liability and the CGL interest rates could cause a retrench-
Policy: Why Is There Coverage?, ment from the cash flow underwriting
Charles F. Becker, December 1992, p. 208. practices of the 1980s. This article ana-
@ Agency
The author discusses the cases and the lyzes this issue by taking a new per-
reasoning for coverage of environmen- spective on the relationship between
Agency Acquisition: The Value of
tal liability in CGL policies and why cash flow underwriting and investment
Amortizing Expiration Lists, Robert E.
the insurance industry can look forward income levels.
Hoyt, Ph.D., CLU, ChFC; E. J. Leverett Jr.,
to a change in the future.
D.B.A., CPCU, CLU, and James S.
Trieschmann, D.B.A., CPCU, CLU, June Sexual Harassment in the Workplace, @ Government Insurance
1992, p. 84. The authors review the cur- Marcia Sweeney Kulak, CPCU, December
rent status of amortizing expirations 1992, p. 227. This article reviews the The Proposed Federal Earthquake Insur-
and consider the impact that disal- background and development of the ance Program: Is It Viable?, William J.
lowance of this equitable tax treatment sexual harassment issue, applicable Warfel, Ph.D., CPCU, March 1992, p. 49.
would have on the value of insurance laws, case citations, and an interpreta- Members of The Earthquake Project
agencies. tion of coverage on several personal have proposed that a federal earth-
and commercial insurance policies. quake insurance program is a viable
way to address earthquake losses. This
@ Automobile Insurance program provides for a partnership
@ Decision Making
between the federal government and
No-Fault Cost Savings: Reality or Myth?, the insurance industry. The author
George B. Flanigan, Ph.D., CPCU; Daniel Applying System Dynamics to Insur- makes a case that private insurance
T. Winkler, Ph.D., and Joseph E. Johnson, ance Issues, Joan T. Schmit, Ph.D., CPCU, cannot be relied upon as the sole fund-
June 1992, p. 117. The author notes the
Ph.D., CPCU, Opinion, December 1992, ing vehicle in addressing earthquake
p. 204. The authors report the results of problems that result from failure to losses and that the federal earthquake
a study of no-fault insurance premi- consider entire systems when making insurance program should be enacted.
ums. They conclude that premiums are decisions. The concept of system dy-
no higher in fault states than in no- namics is explained, and applications
fault states. They suggest that it is not to the insurance industry are described. @ Guaranty Funds
clear whether no-fault is “less costly,”
as proponents claim, aneds argue atheat the Risk-Based Pricing Factors for Property/
abrogation of tort rights should be @ Economics Liability Insurance Guaranty Funds,
William R. Feldhaus, Ph.D., CPCU, CLU,
weighed against any purported cost
savings. Contestable Markets for Property-Lia- and Michael M. Barth, Ph.D., CPCU,
bility Insurance: Is Rate and Form December 1992, p. 239. A regression
Regulation Necessary?, Robert C. Witt, model is used to measure relative risk
Ph.D. and Paul R. Aird, March 1992, p. 30. factors that impact the statutory return
@ Claims The commercial property-liability in- on equity. This model may be used to
surance market is evaluated in a con- determine a risk-based pricing sched-
Apportionment of Layered Property
testable framework. The overall market ule for insurance guaranty funds,
Coverage Expenses, Wallace R. Hanson,
is defined to include the various alter- based on the riskiness of an insurer’s
CPCU; Timothy P. Householder, CPCU; natives and substitutes for insurance financial statement variables.
and William T. Budde, CPCU, September
from an admitted insurance company.
1992, p. 171. A survey of the issues con-
The existing market is viewed as high-
nected with the handling and discharge ly competitive and contestable and @ History and Future
of claim expenses that involve multiple
would be expected to remain so even of Insurance
layers of coverage.
with reduced levels of rate and form
Attorney Fee Billing Alternatives, Wayne regulation. CPCU’s Beginnings, Warren Hope, Ph.D.,
Dean, CPCU, Opinion, March 1992, p. 9. June 1992, p. 108. The author traces the
The author argues the case for insur- idea for the CPCU professional desig-
ance companies using a fixed fee system @ Financial nation from its conception in 1924
to compensate attorneys in liability among faculty members of the Wharton
cases. He discusses various fixed fee al- A New Perspective on Cash Flow Under- School of the University of Pennsylva-
ternatives as well as hourly billing writing and Investment Income Levels, nia to the first administration of CPCU
variations. Barry D. Smith, Ph.D., CPCU, CLU, exams in June 1943. The article empha-
CPCU JOURNAL
IPs
ANNUAL
INDEX VOLUME 45
INDEX BY SUBJECT
@ Coverage September 1992, p. 166. There is a popu-
lar misconception that lower market
PRE Environmental Liability and the CGL interest rates could cause a retrench-
Policy: Why Is There Coverage?, ment from the cash flow underwriting
Charles F. Becker, December 1992, p. 208. practices of the 1980s. This article ana-
@ Agency
The author discusses the cases and the lyzes this issue by taking a new per-
reasoning for coverage of environmen- spective on the relationship between
Agency Acquisition: The Value of
tal liability in CGL policies and why cash flow underwriting and investment
Amortizing Expiration Lists, Robert E.
the insurance industry can look forward income levels.
Hoyt, Ph.D., CLU, ChFC; E. J. Leverett Jr.,
to a change in the future.
D.B.A., CPCU, CLU, and James S.
Trieschmann, D.B.A., CPCU, CLU, June Sexual Harassment in the Workplace, @ Government Insurance
1992, p. 84. The authors review the cur- Marcia Sweeney Kulak, CPCU, December
rent status of amortizing expirations 1992, p. 227. This article reviews the The Proposed Federal Earthquake Insur-
and consider the impact that disal- background and development of the ance Program: Is It Viable?, William J.
lowance of this equitable tax treatment sexual harassment issue, applicable Warfel, Ph.D., CPCU, March 1992, p. 49.
would have on the value of insurance laws, case citations, and an interpreta- Members of The Earthquake Project
agencies. tion of coverage on several personal have proposed that a federal earth-
and commercial insurance policies. quake insurance program is a viable
way to address earthquake losses. This
@ Automobile Insurance program provides for a partnership
@ Decision Making
between the federal government and
No-Fault Cost Savings: Reality or Myth?, the insurance industry. The author
George B. Flanigan, Ph.D., CPCU; Daniel Applying System Dynamics to Insur- makes a case that private insurance
T. Winkler, Ph.D., and Joseph E. Johnson, ance Issues, Joan T. Schmit, Ph.D., CPCU, cannot be relied upon as the sole fund-
June 1992, p. 117. The author notes the
Ph.D., CPCU, Opinion, December 1992, ing vehicle in addressing earthquake
p. 204. The authors report the results of problems that result from failure to losses and that the federal earthquake
a study of no-fault insurance premi- consider entire systems when making insurance program should be enacted.
ums. They conclude that premiums are decisions. The concept of system dy-
no higher in fault states than in no- namics is explained, and applications
fault states. They suggest that it is not to the insurance industry are described. @ Guaranty Funds
clear whether no-fault is “less costly,”
as proponents claim, aneds argue atheat the Risk-Based Pricing Factors for Property/
abrogation of tort rights should be @ Economics Liability Insurance Guaranty Funds,
William R. Feldhaus, Ph.D., CPCU, CLU,
weighed against any purported cost
savings. Contestable Markets for Property-Lia- and Michael M. Barth, Ph.D., CPCU,
bility Insurance: Is Rate and Form December 1992, p. 239. A regression
Regulation Necessary?, Robert C. Witt, model is used to measure relative risk
Ph.D. and Paul R. Aird, March 1992, p. 30. factors that impact the statutory return
@ Claims The commercial property-liability in- on equity. This model may be used to
surance market is evaluated in a con- determine a risk-based pricing sched-
Apportionment of Layered Property
testable framework. The overall market ule for insurance guaranty funds,
Coverage Expenses, Wallace R. Hanson,
is defined to include the various alter- based on the riskiness of an insurer’s
CPCU; Timothy P. Householder, CPCU; natives and substitutes for insurance financial statement variables.
and William T. Budde, CPCU, September
from an admitted insurance company.
1992, p. 171. A survey of the issues con-
The existing market is viewed as high-
nected with the handling and discharge ly competitive and contestable and @ History and Future
of claim expenses that involve multiple
would be expected to remain so even of Insurance
layers of coverage.
with reduced levels of rate and form
Attorney Fee Billing Alternatives, Wayne regulation. CPCU’s Beginnings, Warren Hope, Ph.D.,
Dean, CPCU, Opinion, March 1992, p. 9. June 1992, p. 108. The author traces the
The author argues the case for insur- idea for the CPCU professional desig-
ance companies using a fixed fee system @ Financial nation from its conception in 1924
to compensate attorneys in liability among faculty members of the Wharton
cases. He discusses various fixed fee al- A New Perspective on Cash Flow Under- School of the University of Pennsylva-
ternatives as well as hourly billing writing and Investment Income Levels, nia to the first administration of CPCU
variations. Barry D. Smith, Ph.D., CPCU, CLU, exams in June 1943. The article empha-
CPCU JOURNAL
ANNUAL INDEX &
sizes the role of various “founding Justifying Insurance Company Political/ @ Regulation
fathers” of the American Institute Charitable Expenditures, Michael L.
while demonstrating that a fundamental Murray, Ph.D., CPCU, CLU, Editorial, Contestable Markets for Property-Lia-
continuity of tradition has been main- March 1992, p. 3. bility Insurance: Is Rate and Form
tained throughout CPCU’s 50-year Regulation Necessary?, Robert C. Witt,
history. Ph.D. and Paul R. Aird, March 1992,
@ Pollution p. 30. See Economics
Insurance Industry Attitudes toward
@ Judicial
A Radical Response to the Environmen- Gender Neutral Rating, Iowa Chapter,
tal Litigation Problem, Donald V. Jern- The Society of CPCU, March 1992, p. 16.
Environmental Liability and the CGL
berg, J.D., Opinion, September 1992, See Ratemaking
Policy: Why Is There Coverage?,
p. 145. The author suggests transferring
Charles F. Becker, December 1992, p. 208.
the enormous number of dollars now
See Coverage
spent on environmental cleanup litiga- @ Risk Management
No-Fault Cost Savings: Reality or Myth?, tion into premium dollars. The reduc-
George B. Flanigan, Ph.D., CPCU; Daniel tion in these costs could aid in making Factors Influencing the Formation of
T. Winkler, Ph.D., and Joseph E. Johnson, the risk of environmental cleanup an Captives, Ravindra Kamath, Ph.D., and
Ph.D., CPCU, Opinion, December 1992, insurable exposure. Jean West Southworth, December 1992,
p. 204. See Automobile Insurance p. 218. This article contains the findings
of a 1990 survey of risk managers of
@ Liability @ Property Insurance NYSE listed firms regarding the deci-
sion of whether to use captives in their
Environmental Liability and the CGL Apportionment of Layered Property risk management programs. More
Coverage Expenses, Wallace R. Hanson, specifically, this inquiry attempted to
Policy: Why Is There Coverage?,
CPCU; Timothy P. Householder, CPCU; ascertain the relative importance of rea-
Charles F. Becker, December 1992, p. 208.
and William T. Budde, CPCU, September sons for both utilizing the captives and
See Coverage
1992, p. 171. See Claims not utilizing the captives by the sample
Toward a “Kinder, Gentler” View of Lia- firms.
bility, Michael L. Murray, Ph.D., CPCU, The Proposed Federal Earthquake Insur-
ance Program: Is It Viable?, William J. Insuring Injury to Maritime Employees,
CLU, Editorial, March 1992, p. 3.
Warfel, Ph.D., CPCU, March 1992, p. 49. Thomas C. Spencer, CPCU, CLU, Decem-
See Government Insurance ber 1992, p. 234. Maritime employees
@ Loss Prevention fall into three groups—mariner, long-
shore, and shore-based—each with its
Suburban Burglaries, Alarms, and Loss @ Ratemaking own unique remedy for on-the-job in-
Exposures: Lessons for the Insurance juries. This article defines the three
Industry, Andrew J. Buck, Ph.D., Simon Insurance Industry Attitudes toward groups, describes the remedies, and
Hakim, Ph.D., and M. Moshe Porat, Ph.D., Gender Neutral Rating, Jowa Chapter, suggests a strategy for insuring those
CPCU, June 1992, p. 98. Premium dis- The Society of CPCU, March 1992, p. 16. remedies.
counts on residential burglar alarm Much has been written about the pros Risk Management Implications of the
ownership are offered by most insurers; and cons of a required change to gen- Americans with Disabilities Act: Em-
however, the conditions for the dis- der neutral rating in the insurance ployment Issues, Robert J. Aalberts, J.D.
counts and the actual rate vary among industry. It is generally felt that the “ and Donald W. Hardigree, Ph.D., Septem-
them. The authors discuss the two con- insurance industry” opposes such a ber 1992, p. 156. The authors analyze
ditions that should be met in order to change. This article explores the extent the Americans with Disabilities Act
yield benefits to insurers: alarms need to which this industry opposition ex- (ADA) and its impact on risk managers.
to be effective in deterring intruders, ists, and the reasons behind that oppo- They explain the employment-related
and the discount on premiums should sition. It also reports on a survey of requirements of the act and the poten-
motivate homeowners to purchase consumers regarding their attitudes to- tial for noncompliance. Insurance and
alarms. ward this issue. risk management implications are dis-
cussed, with an analysis of possible
Suburban Burglaries, Alarms, and Loss
loss handling, including insurance
@ Management Exposures: Lessons for the Insurance
coverages.
Industry, Andrew J. Buck, Ph.D., Simon
Attorney Fee Billing Alternatives, Wayne Hakim, Ph.D., and M. Moshe Porat, Ph.D., Sexual Harassment in the Workplace,
Dean, CPCU, Opinion, March 1992, p. 9. CPCU, June 1992, p. 98. See Loss Pre- Marcia Sweeney Kulak, CPCU, December
See Claims vention 1992, p. 227. See Coverage
MARCH 1993
&% ANNUAL INDEX
@ Risk Retention The Relevance of the Americans with Dean, Wayne
Disabilities Act to Workers Compen- Attorney Fee Billing Alternatives,
Factors Influencing the Formation of sation, Jon Gice, CPCU, Opinion, June Opinion, March 1992, p. 9.
Captives, Ravindra Kamath, Ph.D., and 1992, p. 79. The Americans with Dis-
Jean West Southworth, December 1992, abilities Act represents significant legis- Feldhaus, William R.
Risk-Based Pricing Factors for Proper-
p. 218. See Risk Management lation with far-reaching effects. Workers
ty/Liability Insurance Guaranty
compensation professionals need to
understand this act in order to capitalize Funds, December 1992, p. 239.
@ Taxation on the opportunity it presents. Flanigan, George B.
No-Fault Cost Savings: Reality or
Agency Acquisition: The Value of Workers Compensation and the Learned
Myth?, Opinion, December 1992, p. 204.
Amortizing Expiration Lists, Robert E. Helplessness Paradigm, Jasen M. Walker,
Hoyt, Ph.D., CLU, ChFC; E. J. Leverett Jr., Ed.D., June 1992, p. 93. This article ex- Gice, Jon
D.B.A., CPCU, CLU, and James S. amines the critical relationships in the The Relevance of the Americans with
Trieschmann, D.B.A., CPCU, CLU, June workers compensation system and the Disabilities Act to Workers Compensa-
1992, p. 84. See Agency potential for development of injured tion, June 1992, p. 79.
worker helplessness within that system.
The author offers the learned helpless- Hakim, Simon
@ Underwriting ness model as an alternative framework Suburban Burglaries, Alarms, and Loss
through which injured worker behav- Exposures: Lessons for the Insurance
A New Perspective on Cash Flow Un- ior can be explained and understood. Industry, June 1992, p. 98.
derwriting and Investment Income
Levels, Barry D. Smith, Ph.D., CPCU, Hardigree, Donald W.
CLU, September 1992, p. 166. See Finan- Risk Management Implications of the
cial Americans with Disabilities Act: Em-
ployment Issues, September 1992,
Liability Concerns of Dog Owners and INDEX BY AUTHORS p- 156.
Their Insurers, Northeast Louisiana
SRRR RS
Chapter, The Society of CPCU, September Hanson, Wallace R.
1992, p. 183. The ownership of vicious Apportionment of Layered Property
Aalberts, Robert J.
dogs is an increasingly major cause of Risk Management Implications of the Coverage Expenses, September 1992,
liability losses. This article provides an pot/i.
Americans with Disabilities Act: Em-
insight into the increase in hazard, the ployment Issues, September 1992, Heffner, Fred
insurance implications, and the indus- p. 156. The Americans with Disabilities Act
try’s response to this exposure.
and Workers Compensation, Septem-
The Right to Underwrite, Michael L. Aird, Paul R. ber 1992, p. 151.
Murray, Ph.D., CPCU, CLU, Editorial, Contestable Markets for Property-Lia-
September 1992, p. 131. bility Insurance: Is Rate and Form Reg- Hope, Warren
ulation Necessary?, March 1992, p. 30. CPCU’s Beginnings, June 1992, p. 108.
@ Workers Compensation Barth, Michael M. Householder, Timothy P.
Risk-Based Pricing Factors for Property/ Apportionment of Layered Property
The Americans with Disabilities Act Liability Insurance Guaranty Funds, Coverage Expenses, September 1992,
December 1992, p. 239. p. 171
and Workers Compensation, Jasen M.
Walker, Ed.D., and Fred Heffner, Ed.D., Becker, Charles F. Hoyt, Robert E.
Opinion, September 1992, p. 151. This ar- Environmental Liability and the CGL Agency Acquisition: The Value of
ticle addresses specific aspects of the Policy: Why Is There Coverage?, De- Amortizing Expiration Lists, June 1992,
ADA that will be serious considerations cember 1992, p. 208. p. 84.
for employers as they reshape their ap-
proach to workers compensation cases. Buck, Andrew J. Iowa Chapter, The Society of CPCU
Recommendation for employers in Suburban Burglaries, Alarms, and Loss Insurance Industry Attitudes toward
respect to this issue are given, and spe- Exposures: Lessons for the Insurance Gender Neutral Rating, March 1992,
cific suggestions for ADA compliance Industry, June 1992, p. 98. p. 16.
are offered. Budde, William T. Jernberg, Donald V.
Maybe Workers Comp Is the Problem, Apportionment of Layered Property A Radical Response to the Environ-
Michael L. Murray, Ph.D., CPCU, CLU, Coverage Expenses, September 1992, mental Litigation Problem, Opinion,
Editorial, June 1992, p. 67. ptf. September 1992, p. 145.
CPCU JOURNAL
ANNUAL INDEX
Johnson, Joseph E. Toward a “Kinder, Gentler” View of Li- Spencer, Thomas C.
No-Fault Cost Savings: Reality or ability, Editorial, December 1992, p. 195. Insuring Injury to Maritime Employees,
Myth?, Opinion, December 1992, p. 204. December 1992, p. 234.
Northeast Louisiana Chapter, The Soci-
Kamath, Ravindra ety of CPCU Walker, Jasen M.
Factors Influencing the Formation of Liability Concerns of Dog Owners and The Americans with Disabilities Act
Captives, December 1992, p. 218. Their Insurers, September 1992, p. 183. and Workers Compensation, September
Kulak, Marcia Sweeney 1992, p. 151.
Porat, M. Moshe
Sexual Harassment in the Workplace, Suburban Burglaries, Alarms, and Loss Workers Compensation and the
December 1992, p. 227. Exposures: Lessons for the Insurance Learned Helplessness Paradigm, June
Leverett Jr., E. J. Industry, June 1992, p. 98. 1992, p. 93.
Agency Acquisition: The Value of Warfel, William J.
Amortizing Expiration Lists, June 1992, Schmit, Joan T. The Proposed Federal Earthquake In-
p. 84. Applying System Dynamics to Insur-
surance Program: Is it Viable?, March
ance Issues, June 1992, p. 117. 1992, p. 49.
Murray, Michael L.
Justifying Insurance Company Political/ Smith, Barry D.
Winkler, Daniel T.
Charitable Expenditures, Editorial, A New Perspective on Cash Flow Un- No-Fault Cost Savings: Reality or
March 1992, p. 3. derwriting and Investment Income Myth?, Opinion, December 1992, p. 204.
Maybe Workers Comp Is the Problem, Levels, September 1992, p. 166. Witt, Robert C.
Editorial, June 1992, p. 67. Southworth, Jean West Contestable Markets for Property-Lia-
The Right to Underwrite, Editorial, Factors Influencing the Formation of bility Insurance: Is Rate and Form Reg-
September 1992, p. 131. Captives, December 1992, p. 218. ulation Necessary?, March 1992, p. 30.
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MARCH 1993