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Daily NewsFlash : February 11, 2013


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Monday, February 11, 2013

Novarica: More than 60% of Insurers Will Add New Mobile Capabilities for Policyholders and Agents in 2013

Novarica reportWhile much of the hype around mobile in insurance has focused on consumer apps from the largest personal lines insurers, other property/casualty insurers and life/annuity insurers are aggressively rolling out...

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2013 Could Be A High-Water Mark for Class Action Developments

Class action suitsThe 2012-13 Supreme Court term has been a hotbed of class action activity, with the justices set to decide at least half a dozen cases that will directly affect class action litigation. Although none of this term's decisions is likely to have the impact of the Court's recent decisions in Wal-Mart S...

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Tornado Hits Southern Mississippi

Tornado in MississippiA tornado touched down in southern Mississippi on Sunday, injuring more than a dozen people and causing widespread damage.

So far, no one has been reported killed, which authorities hope will remain true....

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Mammoth Snowstorm Blankets U.S. Northeast

SnowstormA gigantic midwinter storm buried the Northeast in snow on Saturday, leaving behind a debilitated and disoriented region digging through plump white drifts and reeling from gale-force winds.

Painting a white landscape from Maine to New York, the storm expressed itself much as weather forecasters had predi...

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Occupational Injuries Among Low-Wage Workers Pack a Big Economic Punch

Workers Comp claimsWorking Americans who earn low wages are at a greater risk of facing additional financial struggles if they become injured or sick on the job, according to a policy brief from the George Washington University School of Public Health and Health Services.

For the 31 million American wo...

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Lockton Adds Melborne Insurance Brokerage Operation

Lockton in AustraliaLockton has expanded its Australian East Coast operations with the acquisition of prominent niche insurance brokerage firm Strategic Insurance & Risk Solutions, owned by insurance industry leader Colin Smith.

Lockton's insurance and risk management team in Melbourne will serve corporate clients ...

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HUB International Acquires Strata Benefits Consulting

HUBHub International Limited (Hub) announced today that it has acquired the shares of STRATA Benefits Consulting Inc., a Winnipeg, Manitoba-based employee benefits brokerage firm (STRATA). Terms of the acquisition were not disclosed. ...

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Catlin Cites Growth Outside London Market as 2012 Profit Rises Tenfold

Catlin Group growthCatlin Group Ltd.'s 2012 net income rose nearly tenfold as the specialty nonlife insurer and reinsurer reported strong underwriting improvement and higher premium income.

Net income for the year rose to US$305 million from $38 million the previous year. Gross premiums written rose 10% to $4.97...

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