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Daily NewsFlash : July 17, 2013

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Wednesday, July 17, 2013

Universities Face A Rising Barrage of Cyberattacks

Cyber attacks at universitiesAmerica's research universities, among the most open and robust centers of information exchange in the world, are increasingly coming under cyberattack, most of it thought to be from Ch...

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Flood Insurance Changes Hit Resistance, Face Delay As Premiums Are Set to Rise

Flood InsuranceHundreds of thousands of homeowners facing higher federal flood insurance premiums under reforms passed last year would win a temporary one-year reprieve under a measure that began its advance through the ...

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New York MTA Cat Bond: First to Protect Only Storm Surge

MTA CAT BONDNew York's Metropolitan Transportation Authority is prepping a catastrophe bond that is the first to have triggers linked only to storm surge and no other aspect of hurricane-related risks, according to a presale report from Standard & Poor's.

A few sources either in the industry or close to the MTA also...

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Reagan Opens Organic Growth & Profitability Survey for 2Q 2013

Reagan ConsultingReagan Consulting, a management consulting and merger-and-acquisition advisory firm for the insurance distribution system, launched its quarterly survey of insurance agency growth and profitability this week.
The firm's Organic Growth and Profitability (OGP) survey is a real-time indi...

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Insurance Industry Praises NCOIL Resolution Pressing Congress to Reauthorize TRIA

AIAThe American Insurance Association and the Property Casualty Insurers Association of America are praising the National Conference of Insurance Legislators for passing a resolution urging Congress and the Obama administration to reauthorize the Terrorism Risk Insurance Act.

The resolution was...

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Federal Court to Consider World Trade Center Developer's Claims Against Airlines

World Trade Center suitLater this week, a federal judge in New York is set to decide whether the developer behind the World Trade Center should receive up to $3.5 billion from airlines whose planes were hijacked and used in the Sept. 11, 2001, terrorist attack in Manhattan.

On July 15, U.S. Dist...

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