Yearly Archives: <span>2013</span>

UPDATE: AIR Worldwide on Typhoon Haiyan’s Catastrophic Destruction

According to catastrophe modeling firm AIR Worldwide, in the three days since Super Typhoon Haiyan roared through the central Philippines, the scale of the devastation revealed in its wake continues to escalate. Preliminary analyses suggest that Haiyan (named Yolanda in …

Why Honoring Those Who Fought in the ‘Great War’ Remains Important

Time has taken all those who actually fought in World War I, as well as almost all the people who lived through it. We now examine that war as history, just as we examine other conflicts that have broken out …

AXA Buys Stake in Insurance Business of Colombia’s Colpatria

Axa SA agreed to buy a controlling stake in Colombian insurer Colpatria Seguros for €259 million ($346 million) to expand its Latin American operations. The purchase of 51 percent of the business gives the Paris- based insurer control of a …

RSA Tumbles after Insurer Suspends Executives at Irish Operation

RSA Insurance Group Plc, Britain’s biggest non-life insurer, tumbled by the most in more than nine years in London trading after the company suspended three top executives at its Irish operation. The stock fell as much as 16 percent, the …

Florida Outpatient Costs for Injured Workers Rising Rapidly: WCRI

The average cost per claim of outpatient hospital care for injured workers in the Florida workers’ compensation system continued to grow rapidly and was a main driver of growth in medical payments per claim in the state, according to a …

Arthur J. Gallagher Acquires Texas-Based Employee Benefits Analysis Corp.

Arthur J. Gallagher & Co. announced the acquisition of Employee Benefits Analysis Corp. in Addison, Texas. Terms of the transaction were not disclosed. Established in 1995, Employee Benefits Analysis Corp. (EBAC) is an employee benefit brokerage firm that offers a …

Oklahoma City Hosts 3rd Annual National Tornado Summit

Insurance industry professionals, emergency managers, policymakers and weather experts are invited to attend the 3rd annual National Tornado Summit in Oklahoma City Feb. 10-11. The National Tornado Summit includes dedicated tracks for insurance producers, insurance adjusters, emergency managers and meteorologists. …

NTSB Faults Parade Plans in Fatal Texas Train Collision

The lack of safety planning by parade organizers and the city of Midland, Texas, has been faulted by federal investigators in an accident in November 2012 in which a freight train rammed a tractor-trailer truck towing a parade float with …

Meemic Foundation Grants Now Available to Illinois Educators

The Meemic Foundation, a non-profit organization created by Michigan-based Meemic Insurance Co., has been offering financial assistance in the form of grants to schools and educators since 1992. The foundation announced that it has expanded its program and will immediately …

Study: 544K Ohioans, 127K Iowans Can Get Insurance Subsidy

A new study says about 544,000 Ohioans and 127,000 Iowans will be eligible for tax credits under the federal health care law if they purchase coverage through the new health insurance marketplaces. The state-by-state analysis from the Kaiser Family Foundation …