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Friday, May 10, 2013

April CAT Losses Top $1 Billion in U.S.

AonSevere weather, winter weather and flood-related economic losses topped $1 billion last month in the United States, according to Aon's monthly catastrophe report.

The most notable damage in the United States was fl...

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Positive Start to 2013 Boosts Beazleys 1Q Premiums by 11%

Beazley profitsIn what it described as a positive start to the year, Beazley plc reported an 11% increase in first-quarter premiums to $518 million.

Buoyed by a 4% advance in specialty lines rates, premiums rose by an average of 2%, Beazley said in a statement.

The marine division registered a 24% increase in ...

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McDonald's Franchise Allegedly Tampered with Time Sheets to Cut Worker Pay

McDonald's suitAfter toiling away at an upstate New York McDonald's for months, Jeffrey Schuyler says he was "hurt" once he discovered his employer was altering time sheets in an alleged attempt to cut his pay.

Schuyler, who said he made $13 per hour working at the Syracuse McDonald's, claims in a new

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State Farm Appeals Katrina Fraud Ruling

State Farm fraud caseState Farm Fire and Casualty Co. is asking a judge to void a jury's finding that the company defrauded the government involving a policyholder claim after Hurricane Katrina.

Motions filed in U.S. District Court in Gulfport, Miss., also seek a new trial

The verdict came in April in a whi...

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Swiss Re Head of North American Property: Underwriting Results Driving Outcomes

Swiss ReBad market and catastrophe conditions mean underwriting is more important than ever, according to Jamie Miller, head of North American property for Swiss Re. He spoke with Best's News Service at the recent Risk and Insurance Management Society's annual conference in Los Angeles.

Q: We've had a lot of natura...

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Obama Administration Moves to Get More Enrolled in Health Insurance

Health InsuranceThe Obama administration announced Thursday that it would provide millions of dollars to community health centers to help them enroll Americans in health insurance programs next year under the president's health law.

The move comes as the administration faces growing pressure from Democrats an...

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Thieves Took $45 Million in ATM Scheme

Cyber crime in NYIt was a brazen bank heist, but a 21st-century version in which the criminals never wore ski masks, threatened a teller or set foot in a vault.

In two precision operations that involved people in more than two dozen countries acting in close coordination and with surgical precisio...

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