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Daily NewsFlash : February 28, 2013

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Thursday, February 28, 2013

Insurers Respond to Uptick in Volatile Global Cat Losses with Focus on Risk Management

Extreme Weather

Extreme weather-related catastrophes are continuing to drive home the importance of risk management and the insurance industry is responding not only by focusing on helping customers mitigate the losses, but also sharing that information.

Jacob F. Scherer, Cincinnati Financial's chief ins...

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NJ Governor Christie Criticizes Federal Flood Insurance Program

Governor Christie on flood programNew Jersey Governor Chris Christie says federal flood insurance claims from Superstorm Sandy are being paid too slowly.

Christie stepped up criticism of the federal program on...

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Fulbright's 9th Annual Litigation Trends Survey: Litigation Bounces Back; Regulation Hits High

Fulbright Litigation TrendsCompanies in the United States and United Kingdom dealt with more litigation while regulatory investigations reached a five-year high, according to Fulbright's 9th Annual Litigation Trends Survey.

After a one-year decline, litigation rose to 2010 levels as busine...

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Allied World Launches Surety Division

Allied WorldAllied World Assurance Company Holdings, AG announced today that Allied World U.S. continues to expand its casualty operations with the launch of a new surety line of business, available for clients in the United ...

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Auto Insurers Raise Rates to Keep Pace with Increase in Severity

Auto insurance companiesAutomobile insurers are responding to a prolonged rise in the bodily injury portion of claims by increasing prices to keep pace with loss costs, with several publicly traded insurance companies noting the...

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New FEMA Flood Maps for NYC Include WTC site

FEMAThe Federal Emergency Management Agency has released new advisory maps for Manhattan that include the World Trade Center site in the zone seen as most at risk for flooding during a powerful coastal storm.

The maps released this week were in the works even before Superstorm Sandy hit the city in October, but they ref...

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Aon Hewitt Survey Reveals Growing Shift in How Employers Intend to Offer Health Care Benefits in the Future

AonIn the wake of unprecedented health care market changes and rising health care costs, new survey findings from Aon Hewitt, the global human resources solutions business of Aon plc, reveal that the way U.S. employers offer, manage and d...

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