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Friday, March 22, 2013

Sandy Wiped Out Entire US Marine Premiums for 2012: IUMI

Marine and SandyThe cost of Superstom Sandy to the global marine market has been put at $2.5 billion-$3 billion effectively wiping out the entire US marine premiums for 2012 according to the annual Spring Statistics issued ...

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New York: Governor Cuomo Announces DFS Investigation Identifies Banks with Worst Sandy Aid Statistics

Gov Cuomo

Governor Andrew M. Cuomo today announced that the Department of Financial Services (DFS) has identified the 'bottom ten' banks with the worst statistics relating to the payout of insurance claims to Superstorm Sandy victims and has notified them to speed up the disbursement of those funds to affected...

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NJ Governor Christie Seeks $250 Million for Sandy Buyouts

Governor Chris ChristieGovernor Chris Christie is asking the federal government to let the state use $250 million in Sandy aid to help New Jersey buy out homeowners in flood-prone areas,...

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A Specialty Focus, Strong Underwriting Experience, Innovative Technology, and Long-Term Partnerships Differentiate V3’s Workers Comp Product

V3 Insurance PartnersFounded in 2009, V3 Insurance Partners, LLC is a multi-line managing general underwriting (MGU) with a specialized approach that focuses on small to mid-sized businesses in highly profitable insurance n...

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ACE Sets Out Vision for Sustainable Underwriting in the New Normal in Speech to London Insurance Market

ACE GROUPThe Chairman of ACE European Group, Andrew Kendrick, today set out his vision for the future of profitable underwriting in a market environment which has changed radically over the past 30 years. Speaking to over 150 members of the London insurance market at an Insurance Institute of London lectu...

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US Economy Will Grow Despite Spending Cuts Predicts Swiss Re Chief Economist, Kurt Karl

Swiss ReAfter Wednesday's decision by the Federal Reserve to maintain the target Fed funds rate at zero to 25 basis points, Swiss Re's Chief Economist, Kurt Karl, commented: "Triggering the sequestration will slow growth and delay the first rate hike by the Fed into early 2015.

Karl added: "If present trends continue...

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NYSE Euronext Units Corpedia and Corporate Board Member Enter Into a Strategic Alliance with Marsh

MarshCorpedia and Corporate Board Member, NYSE Euronext (NYX) companies, and Marsh announced today that they have entered into a strategic alliance to provide directors and officers with enhanced governance, risk and compliance resour...

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O'Connor to Assume New Role of Chief Operating Officer for Aon's Risk Businesses

AonAon plc, the leading global provider of risk management and human resource  solutions, today announced the appointment of Michael O'Connor as Chief Operating Officer for the firm's risk solutions businesses, including Aon Risk Solutions and Aon Benfield. In this capacity, O'Connor will oversee the development and executi...

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South Korea Investigates Cyberattack

Cyber attackSouth Korean police are investigating one of the country's biggest Internet shutdowns for evidence of a North Korean

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Willis North America Launches Diversity Partnership Initiative

Willis diversity initiative

Willis North America, a unit of Willis Group Holdings plc, the global risk advisor and insurance broker, announced the launch of Willis Open, a new practice group focused on meeting the growing demand by public entity and corporate businesses for supplier diversity solutions.

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