LuAnn White, PhD, a professor of environmental health sciences and the director of the Tulane Center for Applied Environmental Public Health in New Orleans, is on the front lines of the Deepwater Horizon oil spill.
Reinsurance Supported Innovation. The global insurance market is now highly competitive in almost every sector of the industry. Insurance for personal and commercial lines in most developed nations is a mature industry. Product innovation has had little noticeable impact on industry premiums. Very few truly new. insurance products have been added to the industry landscape and 2010 and 2011 appear to be. headed for net decreases in industry-wide premiums for core non-life premiums.
Moreover, while insurers may generally anticipate such actions from third parties, and since failure to disclose policy limits may be construed as resolving a conflict of interest favoring the insurance company's economic interests over those of its policyholders, an insurer also is vulnerable to bad faith allegations from its own insureds.