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Daily NewsFlash : November 17, 2011

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Thursday, November 17, 2011

Lockton Market Update Shows Carriers Depleting Reserves, But Pricing Still Favors Buyers

The latest Lockton Market Update indicates increasing signs of pricing pressure for casualty and liability insurance, but the overall pricing environment for the moment favors insurance buyers.

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RIMS Survey: Soft Market Seemingly Hits Bottom

Average renewal premiums in three of four lines of business tracked by the RIMS Benchmark Survey™ increased in the third quarter, strongly suggesting that an eight year period of falling comm... Read More

Amlin: Prices Rising, Quake Claims Up

Amlin, the biggest Lloyd's of London insurer by market value, on Thursday reported higher prices across its main markets and said earthquakes in Japan and New Zealand this year could cost it $83 mi... Read More

Marsh & McLennan Agency Acquires Seitlin Insurance

Continuing its strategy to build a national platform, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced today the acquisition of Seitlin Insurance, one o... Read More

Iowa Egg Producer to Pay Victims of Salmonella

Dozens of people sickened last year after eating salmonella-tainted eggs will receive compensation, including six-figure checks for two children, in the first wave of legal settlements with the Iow... Read More

Reagan Survey: Accelerating Organic Growth Is Driving Agency Values Higher

Reagan Consulting (Reagan) released the results of its 3rd Quarter Organic Growth and Profitability Survey (OGP Survey), which found that steadily improving organic growth rates are increasing equi... Read More

Report: Hybrids Safer for Occupants than Traditional Cars

People who invest in hybrid cars are significantly less likely to be injured in an accident because their heavy batteries make the vehicles safer than traditional cars, according to an insurance in... Read More

Auto Insurance PIP Fraud Costing Florida Drivers $658 Million This Year: Industry Reports

Auto insurance fraud is still on the rise in Florida despite a crackdown on attorneys and medical clinics that abuse the state's no-fault insurance law, according to a new industry report.

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Global Players Aon and ACE Use London Exchange for Accounting and Settlement

Aon Risk Solutions, the risk management business of Aon Corporation, and ACE have today announced the successful implementation of Rüschlikon accounting and settlement standards via The Exchan... Read More


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