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Daily NewsFlash : January 15, 2013

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Tuesday, January 15, 2013

House to Debate Sandy Disaster Bill, Support for Package Unclear

Superstorn Sandy billHouse lawmakers are expected this week to debate and vote on a two-pronged package that would deliver much-needed, if delayed, aid to victims of superstorm Sandy, which ravaged the Eastern Seaboard more than two months ago in the days before the November elections.

But the bill's passage is...

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Zurich European Survey: Insurance is No Luxury in Times of Economic Crisis

Zurich surveyEuropeans remain deeply concerned about the economic crisis. When it comes to reducing expenses, they see the greatest potential in the more discretionary areas of dining out, holidays and clothing. By contrast insurance, education and r...

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Hannover Re Hit with $349 Million Loss from Sandy

Hannover Re Sandy loss

German reinsurance giant Hannover Re said on Monday that it had taken a 261-million-euro ($349-million) hit due to claims from Hurricane Sandy but still expected to reach its annual targets.

"Based on a detailed analysis of its non-life reinsurance portfolio, Hannover Re anticipates...

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Casualty Insurers to Underwrite World Bank Disaster Policies

World Bank disaster policiesThree top casualty insurers will underwrite policies created by the World Bank and Japan that protect southern Pacific island countries against natural disasters.

Tokio Marine & Nichido Fire In...

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Insurance Firm Fined for Wage Violations

Employment Practices LiabilityA Colton, California-based insurance company has agreed to pay almost $120,000 in back wages and fines after a federal investigation found minimum wage, overtime and other wage-and...

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Aon Benfield Granted Dubai International Financial Centre License

Aon in DubaiAon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, today announces that its Middle East division has been granted a license to operate as an authorized firm in the Dubai International Finan...

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