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Thursday, January 24, 2013

Industry: Federal Terrorism Insurance Program Should Address Cyber-Terror Threats

terrorism and cyberProperty/casualty insurance trade groups are gearing up for a fierce lobbying effort in support of extending the widely popular Terrorism Risk Insurance Program Reauthorization Act, set to expire in December 2014. A key facet of the industry's effort to renew TRIPRA, a top legislative priority fo...

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Aon: U.S. Natural Disasters Account for More than Half of 2012 Global Economic Losses

Aon and natural disasters reportImpact Forecasting, the catastrophe model development center of excellence at Aon Benfield, today announces the launch of its Annual Global Climate and Catastrophe Report and new website, Catastrophe Insight, which provides 10 years of...

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AIG Asks Greenberg's Starr to Inform Court if He'll Sue Company

AIGAmerican International Group Inc. (AIG) filed legal papers Wednesday asking its former chief executive to inform a federal court if he will challenge the company's decision to stay out of his lawsuit against the government.

The suit is being pursued by AIG's long-time former leader, 87-year-old Maurice R. "Hank" Greenbe...

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Fireman's Fund Using Thermal Imaging Cameras to Identify Potential Hazards in Homes

Firemans Fund Fireman's Fund Insurance Company is rolling out the use of advanced thermal image technology to help identify moisture problems and potential fire hazards in high-value homes nationwide.

The technolo...

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PIA of NY Challenges Law Firm over Hurricane Sandy Ads

PIA and Hurricane SandyA personal injury law firm known best for its punchy and dramatic commercials has given in to pressure to drop an ad that claimed insurance agents would be to blame for certain policies that didn't pay out after Hurricane Sandy.

The Professional Insurance Agents of New York, which represents indep...

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ACE USA Expands Coverage for Hospitals and Miscellaneous Healthcare Facilities

AceACE USA, the U.S.-based retail operations of the ACE Group, today announced the introduction of four new coverage endorsements to include: Media Event Expense, Disciplinary Proceeding Defense, Emergency Evacuation Expense, and Patient Property Damage, by its ACE Medical Risk &...

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Beazley Launches Environmental Cleanup Costs Insurance

Beazley and environmental cleanupBeazley plc has expanded its environmental products offering with the launch of an Environmental Cleanup Costs insurance policy that provides coverage for cost overruns for remediation of kn...

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