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Daily NewsFlash : April 16, 2013

Daily NewsFlash
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Tuesday, April 16, 2013

Housing Starts at Highest Level Since 2008

Housing startsNew-home construction leapt last month to the highest level since before the financial crisis, driven by a big gain in the volatile multifamily-home segment.

Construction of homes with at least five units rose about 27% in March from a month earlier, to the highest level since January 2006...

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PwC: Financial Services Talent Models are Unsustainable in New Business Climate

PWc talent studyResearch from PwC has found that FS CEOs view talent shortages as the biggest threat to growth. The report, Seizing back the people agenda, also suggests that current models fo...

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Court Upholds $14.5 Million Defamation Verdict Against State Farm

State Farm courtAn Indiana appeals court is upholding a $14.5 million verdict against State Farm Fire and Casualty Co. for defaming a contractor following a massive 2006 hailstorm that brought in...

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I.I.I.'s Dr. Robert Hartwig at Boston Marathon, Reached Out to Industry

Dr. Robert HartwigDr. Robert Hartwig, president of Insurance Information Institute,  was a spectator at today's Boston Marathon. He was there to support his son, Jordan, who was taking part in the marathon as part of a fundraiser with the Syracuse ROTC to benefit injured veterans.

Dr. Hartwig was no m...

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Mercer Signs First Group of Insurance Carriers to Mercer Marketplace Private Exchange

MercerMercer, a global consulting leader in talent, health, retirement and investments, today announced an initial group of major insurance carriers to offer a range of benefits through Mercer Marketplace, Mercer's private benefits exchange for employers' active employees and their families.

Employees who engage Merce...

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Securities Litigation at a Crossroad with No Clear Direction as Overall Filings Decreased: PwC

Securities litigationWhile the first three quarters of 2012 saw an average of 46 cases, securities litigation filings decreased dramatically in the fourth quarter, to 33 cases-the lowest level since the 3...

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Superstorm Sandy Is Causing NY and NJ Legislators to Consider a Private Right of Action for Bad Faith Claim Handling

Sandy claimsPolicyholders in New York and New Jersey presently have no private right of action against insurance companies for alleged violations of each state's respective statutory claim handling guideline...

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