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Thursday, July 11, 2013

Regulation Tops List of Exec Concerns

KPMGFor U.S.-based insurance executives, regulatory issues have surpassed cost consciousness as their predominant concern, according to KPMGs 2013 Insurance Industry Outlook Survey, and shifting demographics and digital technologies are prompting increased investment in information technology to increase operational efficienci...

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Hurricane Sandy Losses Now Estimated at $18.8 Billion, Excluding NFIP Claims

Hurricane Sandy claimsHurricane Sandy brought insured losses of $18.8 billion, a figure that's in the ballpark of what major catastrophe modeling firms initially suggested shortly after the October storm slammed into the Northeast U.S., according to a recent presentation given by the Insurance Information Ins...

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Fitch: Workers' Comp Insurance Rate Increases Buoy Revenue Growth

FitchFundamentals in the workers' compensation insurance market have been steadily improving and should continue to lead to robust revenue growth, according to Fitch Ratings. Following a long period of declinin...

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Arch Insurance Group Announces New Liability Insurance Solution for Bloggers

insurance for bloggingArch Insurance Group, a member of Arch Capital Group Ltd., announced today the release of its new blogger insurance program. Partnering with CalSurance Associates, a division of Brown & Brown Program Insurance Services, Inc., Arch Insurance Group will provide a new liability in...

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Aon Benfield Cat Report: European Flood Damage Causes $22B Economic Loss; Insurance Payout Breaches $5B

Aon Cat Report on European floodingImpact Forecasting, the catastrophe model development center of excellence at Aon Benfield, today releases the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during June 2013. Aon Benfield is the global reinsuranc...

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Oversight Council Finalizes AIG's Non-Bank SIFI Designation

AIGIt's official. American International Group Inc. is the first insurance company to be designated a non-bank systemically important financial institution. The designation makes AIG the first insurance company to be regulated by the federal government in more than a century.

The Financial Stability Oversight Council v...

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Hispanic Employees Sue Target for Discrimination

Discrimination suit

Three former Hispanic employees are suing Target Corp. for discrimination and retaliation, citing a training document reminding managers that not all Hispanics eat tacos and burritos, dance to salsa...

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CAMICO, The Doctor’s Company, The Hartford and Great American Take Top Honors at 2013 IMCA Showcase Awards

IMCA AwardsThe Doctor's Company received the most Best of Show Awards, Great American Insurance the Most Awards of Excellence and the Hartford the most overall awards at the 55th Annual IMCA Showcase Awards. CAMICO walked away with the overall best of show SAMMY Award.

The awards recognize outstanding marketing and commun...

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