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Daily NewsFlash : April 30, 2013

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Tuesday, April 30, 2013

Report: U.S. Must Prepare for Rising Cost of Disaster Relief

Disaster planningHurricanes, floods and droughts are putting an increasingly large strain on the federal budget. A new report released Monday from the Center for American Progress finds that Congress spent at least $136 billion on disaster relief between 2011 and 2013.

That works out to a per-household amo...

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Numbers Show Sandy Was Indeed A Superstorm

SandySix months after Hurricane Sandy struck the U.S. East Coast, statistics compiled by show why it merited being called a "superstorm."

The weather forecasting firm, based in State College, Pa., said Monday Sandy was responsible for:

-- 2.7 million power outages in New Jersey a...

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Labor Department: Error Could Cause 3 Quarters of Compensation Data to Be Wrong

Dept of LaborThe U.S. Labor Department said that an error in measuring benefits for sales and office workers could cause the previous three quarters of employment compensation data to be inaccurate.

The Labor Department issued its first quarter

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Leading Health Insurers to Provide Health Plans on New Towers Watson Private Exchange for Active Employees

Towers Watson health insurance exchangeTowers Watson, a global professional services company, announced the first group of health insurers to agree to offer health plans on Towers Watson's new private exchange for active employees:

  • Aetna
  • Anthem Blue Cross
  • Anthem Blue Cross and Blue ...
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After Berkshire Hathaway Defections, AIG Names New Head of Americas Property/Casualty

AIG hiresAmerican International Group Inc. has tapped Robert Schimek, who had been serving as president and chief executive officer of Europe, Middle East and Africa, to become president and CEO of AIG Property Casualty's Americas region.

Schimek succeeds Peter Eastwood who was one of four AIG executives who left ...

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Newly Enacted Legislation Rewrites Florida's Rules on Individual Design Professional Liability

Design professionalsA new law will soon go into effect in Florida that will impact anyone doing business with design professionals in that state.

Ever ...

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Hartford Steam Boiler Launches New Cyber Producer for Small Businesses

HSB Cyber productHSB CyberOne, a new cyber risk insurance coverage for small businesses, was announced by The Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, as it expands its suite of products and services designed to protect smaller commercial organizations from the growing threat...

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