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Thursday, March 28, 2013

Happy Easter from wants to wish all of our members a Happy Easter. The Daily NewsFlash will not run tomorrow and will resume on Monday, April 1st. Enjoy the holiday and safe travels.

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S&P Seeks to Merge State Suits Into One

S&P lawsuit

Seventeen lawsuits have piled up against Standard & Poor's Ratings Services by state attorneys general who claim the firm churned out shoddy ratings before or after the financial crisis.

S&P wants to yank the cases into a federal court -- and shrink the total to one.

The m...

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Supreme Court Deals Fresh Blow to Class-Action Suits

Supreme Court and class-action suits

The US Supreme Court on Wednesday threw out a lawsuit by more than two million concerned customers of telecom giant Comcast, further limiting so-called class action suits by a group.

It overturned a lower court's ruling that current and former subscribers in the Phi...

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Lloyd's Navigates Economic, Regulatory Headwinds as 2012 Profit Surges

LloydsLloyd's turned in a strong performance for 2012, recovering from what Chief Executive Richard Ward said was the costliest catastrophe year on record in 2011 while also dealing with adverse economic conditions and regulatory uncertainty related to Solvency II.

The 2012 pretax profit for Lloyd's was 2.77...

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Casualty Actuaries Examining Impact of Healthcare Reform on P/C Insurance Industry

Obamacare and P/C industryThe key changes in federal health care reform remain months away, but property/casualty actuaries are already trying to determine what impact they will have on their own lines of business as new rules and regulations emerge.

Elements of the Affordable Care Act have been phased in s...

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Calls to Privatize NFIP Reignite Contentious Questions

NFIP privatizationCongress is facing renewed calls to privatize the heavily indebted National Flood Insurance Program as lawmakers work to cut the federal budget. Getting the federal government out of the flood insurance business would strengthen the program going forward, supporters of the idea have argued.

But indus...

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Towers Watson Appoints Paul Conley U.S. West Division Leader for Executive Compensation

Towers WatsonTowers Watson, a global professional services company, announced today that it has appointed Paul Conley as the U.S. West division leader for the company's executive compensation consulting business, effective April 1, 2013.

Conley has more than 25 years of executive compensation consulting and cor...

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