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Daily NewsFlash : June 17, 2013

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Monday, June 17, 2013

Weather Disasters Cost $110 Billion for 2012

Weather disasterrWith $110 billion in damage, 2012 was the second-costliest year for weather and climate disasters since these records began to be kept in 1980, federal climate scientists announced Thursday. Only 2005 was costlier, with $160 billion in damage, when Hurricane Katrina blasted the Gulf Coast.


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US. Regulators Stepping Up Calls for Banks to Better-Arm Against Cyber Attacks

Cyber and banksU.S. regulators are stepping up calls for banks to better-arm themselves against the growing online threat hackers and criminal organizations pose to individual institutions and the financial system as a whole.

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Flood Fixes Vex Coastal Communities - From New York to Florida

flood in coastal communitiesMany coastal communities in the U.S. are grappling with how best to protect low-lying areas from flooding as sea levels rise, but some of those efforts are generating d...

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McKinsey & Co.: P/C Agents Must Improve Access, Be More Expert in Changing Markets

McKinsey report on agentsAgents selling property/casualty insurance should look to become more digitally available, more expert with their advice and as customers increasingly connect more directly to carriers, acc...

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Berkshire Hathaway Specialty Insurer Open for Business

Bertkshire's Specialty ProgramsBerkshire Hathaway announced that Berkshire Hathaway Specialty Insurance, its recently formed commercial P&C insurance group, has commenced operations, underwriting property, casualty, profe...

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Insurance Hikes Could Hit Florida Property Owners

Florida property ratesFlorida didn't trigger the financial crisis within the National Flood Insurance Program. In fact, over the past 35 years, the state' property owners have helped prop up the program, paying four times more than they have gotten back in claims.

The payback for all that financial help...

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Nearly Half of U.S. Employers Contemplating Changes to Reward Programs in Light of Health Care Reform: Towers Watson Survey

Towers Watson healthcare surveyWith health care reform looming, nearly half of U.S. employers (45%) are considering making changes to their total rewards programs or workforce strategies. However, most do not anticipate changes that could negatively affect a significant portion of employees, such as discontinuing emplo...

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Pina Albo Awarded IICF’s Inaugural Women in Insurance Luminary Leadership Award

IICFThe Insurance Industry Charitable Foundation (IICF) is pleased to announce that Pina Albo has been awarded the inaugural Women in Insurance Luminary Leadership Award. This special recognition was presented to Ms. Albo at the IICF Women in Insurance Global Conference Dinner on June 13, 2013.

The IIC...

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