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Monday, April 08, 2013

March 2013 Commercial Rates Up 5%: MarketScout

Insurance rates upBased upon the composite results of commercial business placed across the United States in March 2013, placing accounts that command large premiums no longer assures the buyer of a more a...

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April Renewals Highlight Recovery from 2011, 2012 Catastrophes: A.M. Best

insurance renewalsApril renewals revealed that reinsurers recovered well from the 2011 catastrophe shocks in Asia and last year's big U.S. losses, but capacity continues to flow into the global market, boosting securitized covers and dampening rates.

In its April

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Regulators Get Ready to Designate Systemically Important Nonbanks

TreasuryCompanies such as Prudential Financial Inc. American International Group Inc. and GE Capital could soon find out whether they will face stricter government oversight as policy makers prepare to identify which nonbank financial companies pose a risk to the financial system.

After months of delay, U.S. regulators...

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Some Small Businesses Opt for the Health-Care Penalty

HealthcareSmall-business owners across the U.S. are bracing for the health-care law that kicks in next year, fearing it will increase the cost of providing insurance to employees.

But Rick Levi, a business owner in Des Moines, Iowa, is among those considering the government's escape hatch: paying a ...

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NOAA Broadens Definition of Hurricane and Tropical Storm Watches and Warnings

Hurricane warningsNOAA's National Weather Service announced today that, starting June 1, the definitions of hurricane and tropical storm watches and warnings will be broadened to allow these watches and warnings to be issued or remain in effect after a tropical cyclone becomes post-tropical, when such a storm poses a si...

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No State Farm Conspiracy, Judge Rules, but Jury to Consider Fraud Claims

State FarmU.S. District Judge Sul Ozerden has dismissed claims State Farm Fire and Casualty Co. conspired with two engineering firms to defraud the federal government, finding no legal basis for a jury to reach that conclusion.

Ozerden's ruling came Friday after two weeks of testimony was presented in a

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NOAA Predicts Mixed Bag of Drought, Flooding and Warm Weather for Spring

NOAANOAA issued the three-month U.S. Spring Outlook today, stating that odds favor above-average temperatures across much of the continental United States, including drought-stricken areas of Texas, the Southwest and the Great Plains. Spring promises little drought relief for most of these areas, as well as Florida, with below...

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