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Daily NewsFlash : January 18, 2013

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Friday, January 18, 2013

Sandusky No Longer Asking State Farm to Cover Legal Costs

Sandusky legal feesFormer assistant Penn State University football coach Gerald Sandusky, who was convicted in 2012 of 45 counts of sexually abusing 10 boys, has withdrawn claims ...

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Montana Sees Nearly 25% Gain in Captive Insurer Licenses Issued in 2012

Montana captivesThirty-four new captive insurance company licenses were issued in Montana in 2012, bringing the total number of license...

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ACORD and DISA Merge, Increase Standards Footprint Across Industries

ACORD-DISA mergeACORD, the nonprofit global data standards organization, and DISA, the organization for development of cross-industry electronic business interchange standards, announced today that the two organizations would consolidate under the ACORD banner.

The merger of the two leading international standards ...

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Platinum Program Managers: A Look At California’s Workers’ Comp Market with An Eye on the Auto Services Industry

Platinum for auto dealers insuranceWe recently spoke with Dan Rieden, president of Platinum Program Managers & Insurance Services, Inc., about the Workers' Compensation market in California and specifically in the Auto Services industry. Platinum, based in Newport B...

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Strong Fourth Quarter Heralds Five-Year High for Insurance-Linked Securities: Aon Benfield ILS Report

AonAon Benfield Securities, the investment banking division of global reinsurance intermediary and capital advisor Aon Benfield, today launches its latest report on the insurance-linked securities (ILS) market, which reviews the key trends witnessed during the fourth quarter of 2012.

The Insurance-Linked Securities Fourt...

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Florida Legislature to Hear Proposals to Downsize Citizens Property Insurance Corp.

Citizens in FlaThe Florida Banking and Insurance Committee is set to hear recommendations from insurance regulators and industry representatives for ways to curtail the role of the Citizens Property Insurance Corp. in the private property/casualty market.

During a hearing set for Jan.16, lawmakers will hear re...

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Europe Weighs Requiring Firms to Disclose Data Breaches

Cyber Crime in EuropeTo combat a rise in cybercrime, the European Commission is considering a plan to require companies that store data on the Internet - like Microsoft, Apple, Google and I.B.M. - to report the loss or theft of ...

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