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Thursday, August 08, 2013

Oklahoma Tornado Claims May Top $1 Billion

OK tornado claimsInsurers have paid out more than $1 billion from 91,000 claims from two spates of May tornadoes that swept through Oklahoma, according to the state's insurance department.

"These numbers are staggering," said Oklahoma Insurance Commissioner John D. Doak in a written statement. "We'...

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Growing Number of Companies Exploring Cyber Insurance Policies

Data Breach insuranceExperian Data Breach Resolution and the Ponemon Institute released a new study today that shows that companies now rank cyber security risks as greater than natural disasters and other major business risks. While only 31 percent of companies are insured today, there are a growing numb...

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Insurers Face Increasing Climate Change Reporting Burden


Insurers are facing a rising tide of calls to account for climate change in the industry's business model, but industry officials said there are reasons to be reluctant to do so.

When the National Association of Insurance Commissioners passed its climate risk disclosure survey rules, the initial requireme...

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Marsh & McLennan 2nd-Quarter Earnings Jump on Stronger Margins

MarshMarsh & McLennan Cos.' (MMC) second-quarter profit surged 18% as the insurance brokerage reported stronger margins and revenue in all segments.

The company's insurance and consulting businesses have been a continued source of strength for Marsh & McLennan, as have a series of acquisitions that have given a boo...

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NSM Insurance Group Introduces Innovative Service Model for Behavioral Healthcare

NSM Behavioral healthcareNSM Insurance Group announced the establishment of a specialty Behavioral Health, Social Services Unit due to NSM's remarkable growth in this niche over the last 5 years. Bill McKernan, NSM President comment...

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Swiss Re Reports Second Quarter 2013 Net Income of $786 million

Swiss ReSwiss Re Group reports net income of USD 786 million for the second quarter of 2013, a period that saw high levels of natural catastrophes. Premium growth in the property and casualty businesses continued with a good renewal season in July. All business segments contributed positively to the robust results and prof...

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IICF 'Rock Your World' Event Sept. 30 Raising Funds for Two Boston Children's Charities

IICFThe Insurance Industry Charitable Foundation (IICF) Boston chapter will host a fashion-show fundraising event to support two Boston-area charities: Cradles to Crayons and Bottom Line.
The "Rock Your World" fashion show on Monday, Sept. 30, 2013 will feature designs from Saks Fifth Avenue, and will be held ...

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Matt Brott Appointed Sales Leader of Swett & Crawford's Atlanta Office

Swett & Crawford hireMichael Ruhe, President of North American Sales, announced that Matt Brott has taken on taken on the position of Sales Leader for the Atlanta Branch of Swett & Crawford, effective immediately. In addition to his new sales leadership responsibility, Brott will continue to serve as a broker in ...

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