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Daily NewsFlash : January 30, 2013

Daily NewsFlash
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Wednesday, January 30, 2013

Moody's: P&C Carriers Better Positioned than Life Insurers to Withstand a Slow Growth Environment

Moody'sBoth the life and property/casualty (P&C) insurance industries will be challenged in 2013 by slow economic growth that dampens sales and by evolving regulatory frameworks, says Moody's Investors Service in two new global outlooks "Global Life Insurance Outlook - 2013," and "Global P&C Insurance Outlook - 2013...

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W.R. Berkley President: Company Encouraged by Market with Rates Up 6.5%

W.R. BerkleyW.R. Berkley Corp. said fourth-quarter commercial rates improved by 6.5%, rising for the eighth quarter in a row.

"It's been many years since we as an organization have been so en...

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Senators See Wall Street Settlements as Falling Short

Wall StreetAn unlikely pair of lawmakers on Tuesday questioned the Justice Department's prosecution of large financial institutions, raising concerns that recent settlements have fallen short of holding Wall S...

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Hurricane Sandy's Wrath Hit N.J. Maritime Industry Hard

Sandy boat lossesCaptain Harold "Smitty" Smith couldn't believe it - they were everywhere, hundreds of them.

Stacked in piles by the dozen. Leaning against homes and on top of cars. Peeking out from murky waters and marshes up and down the New Jersey coast.

Hurricane Sandy had turned the Shore area into...

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Towers Watson: P/C Insurers Reveal Progress With Predictive Modeling Implementation

Towers WatsonProperty & casualty (P&C) insurers acknowledged that the capture and transformation of data into useful information has turned into a critical differentiator of performance within the P&C insurance marketplace, according to a new survey by global professional services company Towers Watson. Exe...

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The Hanover Helps Agents Seize Opportunities In Dynamic Technology Market

Hanover Insurance CompanyAs the technology industry continues to surge -- reporting annual revenues of nearly $1.2 trillion -- The Hanover Insurance Group, Inc., is significantly enhancing its technology product suite to help its agent partners seize more opportunities in the market.

These enhancements build on the com...

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ACE USA Expands Privacy Protection with Unique Data Breach Fund Sidecar

ACE USAACE USA, the U.S.-based retail operations of the ACE Group, today announced a ground-breaking option for ACE Privacy Protection policyholders, through enhancements to its industry leading Data Breach Team Endorsement. The ne...

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