Monthly Archives: <span>September 2013</span>

Costa Concordia Righting Started in $800 Million Salvage

An unprecedented operation to right the Costa Concordia began today off the Italian island of Giglio, where the cruise liner has been lying on its side since it capsized 20 months ago, killing 32 passengers. The parbuckling, or vertical rotation, …

Hurricane Ingrid Nears Mexico as Manuel Dissipates Over Land

Hurricane Ingrid, bearing down on eastern Mexico as Tropical Depression Manuel dissipated over west-central areas, will probably make landfall today, with both systems forecast to bring life-threatening floods. The second hurricane of the Atlantic season is about 95 miles (155 …

2013 BrokersLink Conference to Focus on Partnerships, Technology

BrokersLink, one of the world’s largest independent insurance broker networks, whose members manage premium volumes in excess of $14 billion, announced that its fifth annual global conference will be held in Singapore on the 17th and 18th of October, with …

Zurich Ad Campaign Seeks to Restore Insurer to Normality

By rolling out television, print and billboard marketing campaigns on Monday, Zurich Insurance is aiming to advertise business as usual after a suicide and resignation in the Swiss-based insurer’s top ranks. But behind the scenes, Chief Executive Martin Senn is …

Aon Benfield Launches its 13th Hazards Conference in Australia Next Week

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc is hosting its 13th Biennial Hazards Conference in Australia next week from the 22nd to the 24th of September with the theme of “Think Outside the Risk.” The …

After Suggested Workers’ Comp Rate Hike California Employers Hope Reform Kicks In

The reaction from an employers’ group to a suggested hike in California’s advisory workers’ compensation rates of nearly 7 percent was – surprisingly – cautiously optimistic. The insurer and public members of the Workers’ Compensation Insurance Rating Bureau’s Governing Committee …

Jersey’s Seaside Boardwalk Fire Expected to Cause Multi-Million Dollar Insurance Loss

A raging fire that destroyed dozens of businesses along the Seaside Park boardwalk in New Jersey Thursday is expected to be a multi-million dollar insurance event, an insurance expert observed.The fire, propelled by strong coastal winds, swept through at least …

How Agents, Brokers Can Help Themselves, Clients with Healthcare Reform

The Affordable Care Act (ACA) has accelerated change and confusion in the health insurance marketplace and businesses and individuals are counting on their insurance agents and brokers to help them understand the nitty-gritty of the ACA requirements. For many property/casualty …

Mississippi Having Trouble Spending Katrina Recovery Funds

Eight years after Hurricane Katrina slammed the Gulf Coast, Mississippi still hasn’t spent almost $1 billion in federal money dedicated to recovery from the storm. The remaining $872 million is part of $5.5 billion Congress gave the state to rebound …

Insurance Pros in Politics: Garamendi Says Economy Needs Insurance

When it comes to mixing insurance and politics Congressman John Garamendi, D-California, can be considered an authority on the topic. While Garamendi never served professionally in the insurance industry, after the rancher-turned-politician became California’s first elected insurance commissioner in the …