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Daily NewsFlash : August 23, 2013

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Friday, August 23, 2013

Workplace Fatalities Fell 7% in 2012, New Labor Department Report Shows

Worker injuriesThe number of fatal injuries in America's workplaces fell 7% last year from 2011, but upticks in the construction and oil and gas industries prompted Labor Secretary Tom Perez to call for more diligence and to signal tougher enforcement ahead.

Fatal injuries in private-sector co...

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FEMA Chief to Address Flood Insurance Rates During Senate Banking Hearing

FEMAFederal Emergency Management Administration head Craig Fugate will appear before the U.S. Senate Banking Committee next month to testify about increases to flood insurance premiums set to go into effect in 2014.

Fugate is likely to appear before the committee on Sept. 18 at the request of Sen. David Vitter, R-La., w...

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Insurers Must Adapt to Inclement Weather

Climate ChangeThe winds of change are blowing in insurance.

Traditionally, reinsurance companies, backed by shareholder funds, stand behind the insurance industry, providing additional coverage for any outsized losses. But alternative sources of capital such as bonds or vehicles backed by hedge funds or institu...

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NASDAQ'S Pause: Market Size and Complex Systems Equals More Glitches

NASDAQ'S HALTThe root cause of Thursday's Nasdaq Stock Market trading halt can be traced to a single word: complexity.

Trading in stocks today takes place on dozens of trading venues: 13 stocks exchanges; some 40 dark pools, or private trading platforms; and countless "internalizers," or trading operations in whic...

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ACE Offers New Coverage for Educators and Students Traveling Internationally

Ace GroupThe ACE Group today announced that it has expanded its International Advantage insurance product to offer enhanced coverages for the unique risks faced by Higher Education clients whose employees, students and volunteers travel internationally. According to The National Center for Education Stati...

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CDC: Older Workers Have Highest Overall Fatality Rate in Job-Related Auto Accidents

older drivers and accidentsOlder workers who drive as part of their job have significantly higher traffic death rates than younger workers, U.S. health officials reported Thursday.

Workers aged 65 and older have about three traffic-related deaths per 100,000 people, which is triple the rate of workers aged 1...

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Data Threats Spark Insurance Hunger

Data breach insuranceJitters about the potential for steep financial losses stemming from such threats as computer hacking and data-privacy mishaps are driving more corporate risk managers and finance executives to buy cyber ...

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"American Detours" Web TV Series Salutes Car Hobby with Superstorm Sandy Episodes

American DetoursAmerican Detours, a web television show featuring classic cars and epic American roads, will present two special episodes as a tribute to the collector-car hobby and Superstorm Sandy recovery on the East Coast.
The series will premiere two Superstorm Sandy episodes to coincide with the ...

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