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Swiss Re Urges Governments to Prepare for Uninsured Cat Losses

Swiss Re is urging governments to close the gap between economic losses and insured losses from natural catastrophes. At Swiss Re's Nordic Risk and Insurance Summit in the Finnish capital of Helsinki, the company's chief risk officer Raj Si...

Three Hot Topics in Catastrophe Storm Research: One Special Session Slated by FSU Catastrophic Storm Risk Management Center

Is the nation's insurance system prepared for the Big One? Can consumers and businesses afford (or be willing) to pay for premiums to cover these kinds of losses? Should new storm-related legislation focus on state funds, reinsurers, or prim...

Texting-While-Driving Doubles in 18 Months Among Washington Drivers

A poll by PEMCO Insurance reveals that the practice of reading and sending text messages while driving has more than doubled in the past 18 months, even while an increasing number of drivers believe the activity is unsafe. The poll, taken in...

Hot Wheels: Vehicle Theft Continuing to Decline

Hot Wheels 2009 , the National Insurance Crime Bureau's (NICB) companion study to its popular Hot Spots auto theft report, examines data reported to the National Crime Information Center (NCIC) and determines the vehicle make, model, and mo...

Lloyd's appoints new president of North America

Lloyd's has announced that Hank Watkins has been appointed as its new President, North America. Watkins will be responsible for all Lloyd's operations in the US and Canada, including offices in New York, Kentucky, Illinois, Los Angeles, Vir...

Federal Regulation- Good Or Bad; Wanted Or Unwanted?

Selling the state agency that provides workers' compensation insurance could result in a long legal challenge, a former Oklahoma attorney general warned a legislative panel Wednesday. The sale of CompSource Oklahoma to a private insurance c...

From Mickey Mouse To Medi-Spas

Since the 1950s, marketers have been targeting the Baby Boom generation to promote their wares -- everything from coonskin caps and Hula Hoops to hybrid cars and Harleys. Now the first Boomers are reaching retirement age and, unless they ha...

Michigan Bars Insurer, Alleging Surplus Insurance Fraud

Michigan regulators charged an insurer with selling fraudulent certificates of surplus insurance and issued a cease-and-desist order banning it from doing business in the state. The order affects Novus Centuriae Inc., alleged by regulators...

Senior House Democrats Question Insurers About Business Practices

U.S. Rep. Henry Waxman, chairman of the House Energy and Commerce Committee, and Rep. Bart Stupak, chairman of its Oversight and Investigations Subcommittee, sent letters to insurance companies, saying the committee is examining executive c...

Louisiana Last-Resort Insurer Looks to Prevent 'Potentially Catastrophic' Judgment

Louisiana's state-run insurer of last resort as well as the property insurance industry in the state are hoping to buy some time to avoid what the Department of Insurance is calling a potentially catastrophic event. Louisiana Citizens Prope...

Geico to Expand Operations in Western New York

Berkshire Hathaway's Geico, the largest provider of private passenger automobile insurance in New York, is expanding its operations site for Geico Insurance Agency at its Amherst, N.Y. service center, investing $2.4 million and creating abou...

Perspectives: Captive Insurers Find Caution Keeps Them in the Black

A sudden downpour could not dampen the spirits of those attending the opening reception at the 24th annual Vermont Captive Insurance Association's conference at beautiful Shelburne Farms on the shores of Lake Champlain in Shelburne, Vt. As...

Big Drop since Last Year in Reputation of Car Manufacturers, Investment and Brokerage Firms, and Banks

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Every year, The Harris Poll asks a cross-section of adults whether they think about 20 leading industries do a good or a bad job of serving their consumers. The latest poll finds very big changes in the las...

Big Time Swine

Big time swine: the toll from swine flu continues to rise with the number infected in the tens of thousands; UP FRONT: News, Updates and Other Emerging Strategies from Around the World Brodsky, Matt The World Health Organization declared on...

Captives Weather the Financial Storm

The financial crisis was a hot topic at the Vermont Captive Insurance Association conference -- although most agreed, captives had fared better than many traditional insurers. Captives have weathered the storm, said John Lochner, principal o...

J.D. Power and Associates Reports: Lower Premiums at the Onset of the Current Recession Drive Significant Increase in Overall Satisfaction With Auto Insurance Companies, But a Hardening Market Could Eradicate 10 Years of Prog

Overall customer satisfaction with auto insurance companies is up significantly in 2009, driven primarily by low premiums, according to the J.D. Power and Associates 2009 National Auto Insurance Study(SM) released today. (Logo: http://www.n...