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Friday, April 19, 2013

House Passes Cybersecurity Bill Amid Privacy Concerns

Cybersecurity billA year after the U.S. House of Representatives first passed CISPA, the Cyber Intelligence Sharing and Protection Act, it passed it again on Thursday. The controversial legislation now heads to the Senate, where it died last year.

The act, which would increase the information that i...

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Reinsurance Capacity Keeps Growing, Despite Low Yield and Competition: A.M. Best Report

A.M BestA return to an underwriting profit in 2012 enabled the global reinsurance market to continue its growth trajectory despite significant challenges. Deterioration in investment yields...

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Superstorm Sandy May Spur Art Collectors to Purchase Additional, Specialized Coverage

Fine art in homesStorm-related flooding did extensive damage to ground-floor art galleries in Manhattan, but private collections in New York City and Long Island also took a hit.

The insurance industry is facing $300 mi...

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NY Regulators Reach $10M Settlement with QBE over Force-Placed Insurance

QBENew York regulators reached settlements Thursday with QBE requiring $10 million in civil penalties and revised practices for insuring troubled mortgage loans.

The Department of Financial Services said the agreements also call for restitution to homeowners erroneously charged for or driven into default b...

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Aetna Helps Mid-Sized Employers Move to Self-Funding

AetnaAetna is making it easier for mid-sized employers to provide health benefits directly to employees and assume the financial risk for their employees' claims, with Aetna's administrative support. Aetna Funding Advantage (AFA) delivers all the benefits of traditional self-insurance, plus enhan...

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Catastrophe Bond Returns Double for Investors: Aon Benfield ILS Study

AonAon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, today launches its latest report on the insurance-linked securities (ILS) market, which reviews the key trends witnessed during the first quarter of 2013.

The Insurance-Linked Securities Fir...

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Driving While Tired A Leading Cause of Accidents

Driving while tiredGet more sleep. Have another cup of coffee before you drive to school or work. It could save your life.

A 100-car naturalistic driving study conducted by the Virginia Tech Transportation Institute has shown that fatigue is a cause of 20 percent of crashes, rather than the 2 or 3 percent...

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Axis Insurance Services, LLC to Exhibit at Upcoming RIMS Conference

AxisAxis Insurance Services, LLC is proud to announce we will be exhibiting at the upcoming Risk Management Society’s annual conference in Los Angeles, CA from April 21st – 24th

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Preparing for New Wave of Mortgage Fraud

Mortgage fraudAs mortgage fraud shifts from a refinance market to a purchase market, a major concern for lenders and servicing shops is how to get their staff ready for the upcoming trend in risk management.

At the Mortgage Bankers Association's 2013 National Fraud Conference in Hollywood, Fla., Gary Carr, fr...

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