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Daily NewsFlash : May 02, 2013

Daily NewsFlash
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Thursday, May 02, 2013

Swiss Re Delivers Q1 Group Net income of $1.4B; Excellent Group Combined Ratio of 72.4%

Swiss ReSwiss Re reports a very strong Group net income of $1.4 billion for the first quarter of 2013, 21% higher than the $1.1 billion net income reported in the prior year period. Very strong underwriting performances across Swiss Re's Property & Casualty Reinsurance and Corporate Solutions businesses...

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Challenges for Medical-Record Privacy Rules

Patient Privacy recordsThe sharing of Americans' health information is set to explode in coming years, with millions of patients' medical records converted to electronic form and analyzed by health-care providers, insurers, regulators and researchers.

That has prompted concerns over

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FEATURE: A Shift Toward Better Target Ratios, Adequate Pricing, & Underwriting Profitability in Program Business

IWAEach month or quarter over the last year, we have seen reports by the CIAB, MarketScout, Towers Watson, Marsh, Willis and others, indicating an upward trend in pricing across specific coverage lines and industry sectors along with tighter underwriting guidelines and a narrowing appetite. We reached out to one of our Storefr...

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Income Guarantee Swells Crop Insurance

Drought and crop insuranceThe worst drought in 50 years led to record payouts from a taxpayer-subsidized insurance program created to protect farms from weather-related disasters. But the high costs were mostly a result of policies that guarantee farmers a portion of their projected revenue, rather than coverage that pays t...

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Arthur J. Gallagher & Co. Acquires Property & Commercial Limited

Arthur J. Gallagher acquisitionArthur J. Gallagher & Co. on Wednesday announced the acquisition of Property & Commercial Limited in the U.K. from Barbon Insurance Group.  Terms of the transaction were not disclosed.

This insurance business provides retail and wholesale insurance products and services as we...

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U.S. Pickup Truck Sales Boomed in April

Pickup trucksU.S. pickup truck sales boomed in April, contributing to double-digit sales gains at Detroit auto makers as improving home construction spurred new-vehicle purchas...

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Applied Systems Closes Acquisition of IVANS Property & Casualty Data Exchange Business

AppliedApplied Systems announced  today it has completed its acquisition of the Property & Casualty (P&C) business of IVANS, a leading provider of technology solutions for data exchange and integration between insurance carriers and agencies. IVANS P&C will operate under the name IVANS Insurance Solutions as...

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