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Thursday, May 16, 2013

UN: Disasters Cost $2.5 Trillion, Firms Must Face Risks

Disasters costsThe cost of natural disasters has hit $2.5 trillion so far this century, far higher than previously estimated, a UN report said Wednesday, urging companies to face up to the risks.

The study by the UN International Strategy for Disaster Risk Reduction (UNISDR) said the figure, representing o...

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Insurance Virtual Tradeshow Expands Reach, Increasing Access to Agencies

Virtual Insurance MarketplaceAnita Nevins, founder of Direct Connection Advertising & Marketing LLC, provides marketing and communication solutions to insurance carriers, wholesalers and the industry at large. During her 25-year career in the industry, she has attended her f...

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FEATURE: Alive Risk Fills Capacity Gap in Entertainment & Sports with Leading-Edge Programs

Alive RiskOver the years, we have turned to the expertise of NAS Insurance Services about various issues and their insurance and risk management implications, including the impact of regulations and changes in

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Forty-Four Percent of Countries Measured Have Identifiable Terrorism Risk in 2013: Aon

AonThe global risk management business of Aon plc, released its 10th annual Terrorism and Political Violence Map to help companies assess risk levels of political violence and terrorism. Produced in collaboration with global risk management consultancy The Risk Advisory Group plc, the 2013 Map is complimented by an online and in...

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Aging Baby Boomers Drive Changes to Workplace Safety Programs

Aging Baby Boomers in WorkplacePeople are living longer and retiring later, creating a workforce that brings deep knowledge and experience to the job -- along with a higher propensity for injury. A new report by Lockton reviews the trends and shows how companies can protect aging employees and minimize the risk of costly

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Study: U.S. Legal System Is World's Most Costly

Legal system in U.S.The U.S. Chamber Institute for Legal Reform (ILR) today released a study by NERA Economic Consulting showing that the U.S. has the world's most costly legal system as a share of its economy. The study compared liability costs as a percentage of GDP using general liability insurance ...

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Wells Fargo, QBE to Pay $19M to Settle Force-Placed Lawsuit

Forced-Placed InsuranceWells Fargo and insurer QBE have agreed to pay $19.3 million to settle claims that they overcharged homeowners in Florida on lender-placed insurance policies.

The proposed pact, filed Monday with the U.S. District Court in Miami, would resolve a lawsuit filed in April 2011 that contends th...

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State Farm Releases Annual Top 10 States for Dog Bite Claims

dog biteJust like people, dogs have their good days and bad days but for the 4.7 million dog bite victims each year, a dogs' bad day can result in serious injury or even death. In 2012, State Farm had 3,670 dog bite claims and paid more than $108 million as a result of dog bites. This...

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Liberty International Underwriters Launches New Marine Policy for Small, Midsize Businesses

LIU Marine PolicyLiberty International Underwriters, the global specialty unit of Boston-based Liberty Mutual Group Inc., has launched a new business owner policy designed to cover marine liability and property-related risks for smal...

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