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Daily NewsFlash : August 16, 2013

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Friday, August 16, 2013

Judge Rules California Suit Against S&P Can Proceed

California suit agains S&PA judge ruled Wednesday that the California attorney general's lawsuit against Standard & Poor's Ratings Services can move forward.

The ruling clears an initial legal hurdle for California Attorney General Kamala Harris and gives additional momentum to state and fed...

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NFIP's Success Is at Risk as Sea Levels Rise

NFIPThe success of the National Flood Insurance Program (NFIP) as a solvent risk management system is at risk, according to Overwhelming Risk: Rethinking Flood Insurance in a World of Rising Seas, a report from The Union of Concerned Scientists.

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Researchers Find New Way to Predict Probability of Aftershocks

Earthquake predictionsResearchers at the University of Tokyo have developed a new method for forecasting the probability of large aftershocks within about three hours of an earthquake.

Led by Takahiro Omi, a researcher at the university's Institute of Industrial Science, the research team announced its f...

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Zurich's First-Half Profit Falls 17% on Catastrophe Losses

ZurichLower property/casualty and investment income outpaced greater life insurance income as Zurich Insurance Group Ltd. posted a 17% fall in first-half net income, to US$1.85 billion.

Zurich said second-quarter net income fell 27% to $789 million.

"We delivered these results in a period characterized by natu...

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Continental Underwriters, Inc.: Specializing in Insurance for the Forest Products Industry

Continental UnderwritersContinental Underwriters, Inc. announces the formation of a company which specializes in the placement of comprehensive insurance coverages for the Forest Products Industry, working with agents and brokers across the United States and Canada. 

C. Preston Herrington, ...

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Aon Hewitt Report Shows Women Lag Behind Men in Saving for Retirement

Aon report on retirementA new report from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), shows that women save less for retirement and are more likely to default on loans taken out of their retirement savin...

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