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Daily NewsFlash : July 12, 2013

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Friday, July 12, 2013

Cost of Risk Climbed 5% for Commercial Insurance Customers in 2012

Pricing rates upContinued pressure on underwriting results and a low interest rate environment motivated underwriting management to seek these higher rates, according to the 2013 RIMS Benchmark Survey.

Data from more than 52,000 insurance programs from almost 1,500 organizations indicate that...

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Report: Climate Change Causing Energy Disruptions

Enery supply disrputionsClimate change and extreme weather already are causing disruptions in the U.S. energy supply that are likely to worsen as more intense storms, higher temperatures and more frequent droughts occur, the government says in a new report.

The report, released Thursday by ...

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XL Expects $135 Million in Second-Quarter Cat Losses

XL lossesXL Group plc said it's estimating $135 million in second-quarter natural catastrophe losses, with about half of the losses stemming from the recent floods in Europe. The estimate is pretax and net of reinsurance and reinstatement premiums, XL said.

The company's insurance business is bearing about 55% of ...

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Swiss Re: Cat Bonds No Longer More Expensive than Traditional Reinsurance

Cat bondsCatastrophe bond pricing has fallen by about 35% since last year, putting cat bonds on par with or perhaps even cheaper than traditional reinsurance for the first time, said Swiss Re, a market leader in the insurance linked securities market.

Sixteen years ago, the then-fledgling cat bond market began t...

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States Prepare for Seamless Exchange of Health Records after Disasters

health data exchangeAs part of an effort to help make sure their residents health information is available after a hurricane or other wide-spread disaster, four Gulf states have partnered with six states in the East and Midwest to help patients and providers access critical health information whe...

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Hartford Investment Management Company Adds Three to Institutional Distribution Team

HartfordHartford Investment Management Company (HIMCO), a diversified institutional asset management firm and wholly-owned subsidiary of The Hartford, today announced that it has hired two institutional sales representatives and a co...

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