Monthly Archives: <span>September 2014</span>

The State of Obesity in U.S.

After decades of rising obesity rates among adults, the rate of increase is beginning to slow, but rates remain far too high and disparities persist, according to a new report. Adult obesity rates increased in six states and did not …

Millennials Aspire to Be Workplace Leaders; Seek Training: Survey

As the 80 million millennials (ages 18-33) start to play a larger role in the U.S. workplace, they aspire to lead in business in the next five years, according to a new survey. The Hartford’s 2014 Millennial Leadership Survey found …

How Strong Is Florida’s ‘Revived’ Homeowners Market?

As Florida seeks to revive its private home insurance market after almost a decade without a hurricane, homeowners are pouring $6 billion a year in premiums into a new generation of small, in-state insurance companies with an unproven record of …

Botet Joins ACE as A&H Business Development Director for Catalonia & Balearics

The ACE Group announced the appointment of Joan Torradeflot Botet as Director of Business Development for its Accident and Health (A&H) insurance business in Catalonia and the Balearic Islands, effective immediately. H will be responsible for the commercial development of …

Foreign Accents Drive Smart Cars’ Voice Technology Crazy

Colin and Rachel Britton have a failure to communicate when they slip into their $95,000 Mercedes GL500. Not with each other, with their car. Its voice recognition system is dumbfounded by their British accents, especially Rachel’s. “The car just doesn’t …

Aon Benfield’s Impact Forecasting Adds PERILS’ Exposure Data to Europe Model

The PERILS Windstorm Exposure data for Europe is now available in the Impact Forecasting ELEMENTS format. In a telephone interview Adam Podlaha, head of Aon Benfield lmpact Forecasting, said that Aon Benfield has licensed the use of the PERILS data …

Reinsurance Alternative Capital Now 20% of Cat Market: Aon Benfield ILS Report

Alternative capital has captured approximately a 20 percent market share of property catastrophe reinsurance volume. That news came our of Aon Benfield Securities, which issued its annual report on the insurance-linked securities (ILS) sector and the key trends witnessed in …

Havoc in Pacific amid Atlantic Calm Points to Tale of Two Oceans

For all the Atlantic Ocean’s composure this hurricane season, the eastern Pacific is turbulent after already producing its 15th storm. Tropical Storm Odile formed southwest of Lazaro Cardenas, Mexico, yesterday, almost a full month before its 15th storm formed last …

Baloise Shopping for Insurers at Home and Abroad in Europe

Martin Strobel, CEO of Baloise Holding AG, said the insurance company may consider buying firms in Switzerland, Germany, Belgium and Luxembourg. “If more opportunities arise in our core markets we will examine these,” Strobel said in an interview at the …

Wright Specialty Promotes Beer to President, Profit Center Leader in N.Y.

Wright Specialty Insurance in Uniondale, New York, has promoted Kevin C. Beer to president and profit center leader from senior vice president of underwriting. Wright Specialty is a managing general underwriter and program administrator. It’s a member of The Wright …