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Daily NewsFlash : January 02, 2013

Daily NewsFlash
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Wednesday, January 02, 2013

Willis Re: Superstorm Sandy Impacts Downwards Pricing Pressure on Reinsurers and Marine Classes

Willis and reinsurers pricingWith natural catastrophe losses for 2012 estimated at fifty percent less than last year's losses of $120 billion, most reinsurers are not facing any material capital impact and remain within their annual catastrophe budgets. This has resulted in stabilization of rates on property classes and no bla...

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Sandy Could Impact Surplus Lines Market Growth for 2012, Experts Say

Hurricane Sandy impact on surplus linesHurricane Sandy's impact on two dozen states along and near the U.S. Eastern Seaboard may have done more than just damage homes, cars and a large portion of the Jersey shore. Some experts believe the powerful storm also left a mark on what up until that point had been a ...

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Companies Prepare for New Health Law

Health law reformOne of the biggest decisions for many companies this year will be what to do about their healthbenefits.

They have just 12 months before the major provisions of the federal over...

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Connecticut Attorney Withdraws $100M Lawsuit Over School Massacre

CT school lawsuitConnecticut attorney seeking to sue the state for $100 million on behalf of a 6-year-old survivor of the Newtown school massacre has withdrawn the...

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Volume of Claims Delays Sandy Settlements at the Jersey Shore

Jersey Shore Sandy Settlements delayedHopes of getting the hardest-hit stretches of the Jersey Shore rebuilt by next summer are fading, as delays in insurance settlements mount and uncertainty hangs over...

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Pennsylvania Suing NCAA Over Sandusky Penalties

PA suing NCAA over Sandusky penaltiesGovernor Tom Corbett said he is suing the NCAA on behalf of the Commonwealth of Pennsylvania over sanctions given to Penn State's football program in the wake of a child sexual abuse scandal.

Corbett, the former state attorney general, made the announcement Wednesday at a pres...

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AIG Thanks America in New Ad Campaign

AIG thanks America for bailoutAmerican International Group, Inc. announced the launch of an advertising campaign thanking America for its support during the global financial crisis, as well as highlighting AIG's recovery, commitment to the communities it serves, and the full repayment of U.S. government suppor...

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