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Daily NewsFlash : August 15, 2013

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Thursday, August 15, 2013

FSB Seeks Comment on Applying "Too Big To Fail" Guidelines to Insurers

InsuranceThe G-20's Financial Stability Board is seeking comment on a proposal to add insurers to the list of financial institutions affected by guidelines designed to address the issue of companies being "too big to fail."

In a document titled, "Key Attributes of Effective Resolution Regimes for Financi...

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AIG Sets September Deadline on Jet Leasing Unit Sale

AIGAmerican International Group Inc. (AIG) has set an internal deadline of September for a Chinese consortium to come up with the money to close the delayed $4.7 billion sale of AIG's aircraft-leasing unit, according to a person with knowledge of the situation.

The insurance giant has spent four years trying to se...

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NOAA Chief Addresses Prevalence of Extreme Weather Events

Climate ChangeDr. Kathryn Sullivan, acting administrator of NOAA, on Wednesday participated in the 6th annual Clean Energy Summit in Las Vegas, NV. Dr. Sullivan was part of a panel to discuss extreme weather and climate change.

NOAA, part of the U.S. Commerce Department, strives to not only understand the science behind c...

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Many Health Insurers to Limit Choices of Doctors, Hospitals

Health insuranceThis fall, Indiana's new online health-insurance marketplace will present some tough choices for consumers like John Nowak, who will be able to pick a plan from his current insurer-or go for one that includes his primary-care doctor.

That is because Mr. Nowak's current insurer won't include In...

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The Hanover Insurance Group Earns Acceptance Into EPA Green Power Partnership Program

HanoverThe Hanover Insurance Group today announced it has been accepted into the U.S. Environmental Protection Agency's (EPA) prestigious Green Power Partnership Program for its commitment to using green power for its electricity need. Fifty percent of the electricity used at The Hanover's offices across the country are off...

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Marsh Benchmarking: US Environmental Insurance Rates Remain Competitive

Marsh environmental trendsThe demand for environmental insurance across all industries in the US increased in the first half of 2013. Generally, insureds continued to seek environmental insurance for mergers, acquisitions, divestitures, brownfield redevelopment, and a variety of other business areas.

While pricing remained...

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