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Daily NewsFlash : March 21, 2013

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Thursday, March 21, 2013

Cyber 2.0: Data Breach Solutions Expanded to Provide Reputation Coverage

CyberRecently, there has been a lot of buzz about the rise in demand for Cyber Liability insurance as heightened awareness has brought the issue into the forefront in the last few years. Not only do we have large data breaches continually making headlines, but we also have our government looking into how to ...

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Transocean Chief Admits Crew Shortcomings in Oil Spill

TransoceanThe chief executive of the company that owned the Deepwater Horizon oil rig acknowledged in court on Tuesday that his crew should have done more to avert the 2010 oil well blowout that left 11 dead and soiled hundreds of miles of beaches along the Gulf of Mexico.

"Do I wish the crew had done more? Absolu...

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Small Business Owners Hit Hard By Sandy Outages, The Hartford Finds

The HartfordThe Hartford Small Business Pulse: Storm Sandy, which surveyed New York, New Jersey and Connecticut small business owners who reported being impacted during or after Storm Sandy.

The survey revealed that 71 percent of impacted

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Asia-Pacific Will Be Dominant Driver of World Insurance Growth by 2012

Munich RePremium income for the insurance industry in the Asia-Pacific region will double by 2020 according to a study published by Munich Re's Economic Research Depar...

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AIA Supports Bipartisan Legislation to Provide Needed Transparency to Asbestos Trust Funds

AIAThe American Insurance Association (AIA) supports bipartisan legislation, “The Furthering Asbestos Claims Transparency (FACT) Act,” introduced by Representatives Blake Farenthold (R-TX) and Jim Matheson (D-UT), which aims to bring much needed transparency to our nation...

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Florida Court Rules Insurer Cannot Limit Sinkhole Coverage

Florida sinkholeA Florida court will not allow two insurance companies to limit sinkhole loss coverage to a fraction of the overall coverage amount, finding the practice would make "the optional coverage valueless," court records say.

Florida Farm Bureau Casualty Insurance Co. and Florida Farm B...

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ACE Offers Borderless International Pollution Liability Coverage for U.S.-based Multinational Companies

AceACE USA, the U.S.-based retail operations of the ACE Group, today announced the introduction of the Foreign Casualty Pollution Liability Coverage Endorsement. This new endorsement provides a limited pollution coverage extension in conjunction with ACE ATLAS CMP, ACE's U.S. Controlled Master Program (CM...

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PPIB Announces Its Program for Perfusionists

PPIBProfessional Program Insurance Brokerage of Novato, CA has announced their latest program for Perfusionists. 

Our Perfusionists program offers standard limits of $1M/$3M with options available up ...

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NAIC Testifies Before Congress in Support of Streamlined Licensing Legislation

NAICMonica J. Lindeen, National Association of Insurance Commissioners (NAIC) Vice President and Montana Insurance Commissioner, testified today in support of a proposal to streamline insurance producer licensing. The hearing, held by a Senate Committee on Banking, Housing, and Urban Affairs Subcommittee, was title...

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