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Wednesday, May 29, 2013

Oklahoma Tornado May Cost Insurers Up to $3.5 Billion - RMS

Ok tornado loss estimatesThe powerful tornado that struck Moore, Okla., last week may have caused as much as $3.5 billion in insured losses, according to disaster-modeling company Risk Management Solutions Inc.

The firm says the massive twister damaged as many 20,000 buildings and completely destroyed between 4,000 and ...

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P&C Net Income Jumped 52% in 2012

Property Casualty results improved in 2012P&C operating results improved substantially, however, investment yields declined, as the impact of lower yields on reinvestments offset growth in the industry's invested asset base.

Underwriting and operating results for the U.S. P&C industry in 2012 im...

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N.Y. Governor Cuomo Wants Information on Insurers' Online Security Measures

Insurers cyber security measuresNew York Governor Andrew M. Cuomo is seeking details on how insurers are protecting customers and companies' health and financial records from online security threats, the New York Sta...

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FEATURE: Irwin Siegel’s General Nonprofit Program Brings New Opportunities for Growth to Agencies

Irwin Siegel General Nonprofits programProgram administrator and longtime storefront, Irwin Siegel Agency, Inc. (ISA), earlier in March launched a new sp...

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U.S. House Bill Would Exempt Insurers from Basel III Capital Standards

Insurance companies and Dodd-FrankInsurance companies would not be subject to the same capital standards as banks under a bill introduced in the U.S. House of Representatives.

The bill is designed to address a question created by the Dodd-Frank financial reform act about whether banks and non-bank financ...

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Cooper Gay Re North America Appoints Ron Carlier as New CEO

Cooper Gay ReShaun Hooper, President and Chief Executive Officer of CGSC - Swett & Crawford North America, announced today the appointment of Ron Carlier as Chief Executive Officer of its reinsurance subsidiary Cooper Gay Re North America.  Carlier was hired to expand the group's already strong reinsurance capabil...

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Chaman Aggarwal Joins Marsh to Lead Energy Construction Practice in U.S.

Marsh appointmentMarsh announced today that Chaman Aggarwal, a 25-year veteran of the energy industry, is joining the firm to lead its US Energy Construction Practice. In his new role, Mr. Aggarwal will be responsible for the development and delivery of infrastructure-

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