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Daily NewsFlash : January 04, 2013

Daily NewsFlash
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Friday, January 04, 2013

Lawmakers from Both Sides Eye Changes to Financial Oversight Law

Dodd-Frank reformThe fate of financial reform may be decided in the coming year as congressional leaders on both sides of the aisle try to modify the Dodd-Frank Act.

In the two years since Congress passed the far-reaching regulatory overhaul, lawmakers have railed against the law for either no...

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NY Commission Proposes Fuel Reserve after Sandy

Fuel reserveA panel commissioned by New York's Governor Andrew Cuomo to bolster disaster preparations recommends creating a gasoline reserve, stockpiling a depot of emergency provisions and setting up an emergency text message alert system in the wake of Superstorm Sandy.

The panel also recommends training citi...

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Connecticut Lawmakers to Discuss Legislation Expanding Workers' Comp Benefits

CT StateConnecticut state lawmakers are expected to discuss legislation that could expand workers compensation benefits and maybe increase insurers' costs to provide psychiatric or psychological care...

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Munich Re Executive: Industry Needs More Flood Information

Munich Re and flood insuranceA lesson the insurance industry learned from Hurricane Sandy is that more information needs to be captured on flood coverage and exposure, a Munich Reinsurance executive said dur...

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Feds Approve Eight State Health Insurance Exchanges

Health insurance exchangesThe federal government conditionally approved eight additional states to run health exchanges Thursday, bringing the total to 20 states that will have the programs that were authorized by the 2010 federal health care law.

The newly approved states that will run their own e...

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Marsh & McLennan Agency Acquires Liscomb Hood Mason

Marsh & McLennan AgencyMarsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., today announced the acquisition of Liscomb Hood Mason Co., a $2.2 million revenue agency based in Duluth, Minnesota. Terms of the transaction were not disclosed.

With roots dating back to 1927, Li...

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