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Daily NewsFlash : June 11, 2013


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Tuesday, June 11, 2013

Commercial Insurance Prices Increase for the Ninth Straight Quarter

Towers WatsonInsurance carriers continue to report increases in commercial insurance prices, almost 7% in aggregate during the first quarter of 2013, according to the Commercial Lines Insurance Pricing Survey (CLIPS) conducted by Towers Watson, a global professional services company. The results of the current edit...

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Report Suggests Many Firms May be Overlooking Critical Cyber Exposures: Willis

WillisA majority of the U.S. listed Fortune 500 firms are following the U.S. Securities and Exchange Guidelines by providing some level of disclosure regarding cyber exposures, with more than half indicating their firms would face "seri...

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ACE Launches New Contractors Pollution Liability Coverage for Healthcare Industry Construction Projects

ACE USAACE USA, the U.S.-based retail operations of the ACE Group, today announced the introduction of a new Contractors Pollution Liability (CPL) Owner-Controlled Insurance Program (OCIP) for ...

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Insurance Groups Say New York Assembly Insurance Bill Package Will Raise Rates

Insurance Rates in NYThe New York State Assembly has passed a package of insurance legislation designed to help consumers in the aftermath of Hurricane Sandy, but insurance industry groups said the bills are likely to increase insurance rates.

Three bills are aimed at streamlining the claims-filing pro...

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Appeals Court: Chubb Must Face Bear Stearns SEC Suit

Chubb suitChubb Corp.'s Vigilant Insurance must face a lawsuit by Bear Stearns Cos. accusing the insurer of breach of contract for refusing to pay part of a U.S. Securities and Exchange Commission settlement, New York state's highest court ruled.

Bear Stearns in March 2006 agreed to pay $250 million to settle regulator's c...

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The Insurance Industry: In Regulators' Sights

insurance data breachIf you're an insurance company, it may be time to open your cyber-related checkbooks if you haven't done so already. New York Governor Andrew Cuomo's Department of Financial Services ("NYSDF") soon ...

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Aon Hewitt Partners with Catalyst for Payment Reform to Develop Strategies for Achieving Higher-Value Healthcare in the U.S.

AonAon Hewitt, the global talent, retirement and health solutions business of Aon plc, today announced it is the first global consulting firm to become an active member of Catalyst for Payment Reform (CPR), an independent, non-profit employer coalition pushing for better value in U.S. health care.

Through the partnership...

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