Monthly Archives: <span>August 2015</span>

Small Earthquake Jolts Northern California

A short sharp earthquake rattled California’s San Francisco Bay Area, but there are no reports of injuries. The U.S. Geological Survey said the 4.0 magnitude quake struck Monday and was centered just north of Piedmont, near Berkeley. It was felt …

Marketers Have Lost Control of Insurance Buying Process

After careers spent crafting and controlling their companies’ messaging to customers, insurance marketing and advertising professionals have lost control. Customers and prospects have taken over. Increasingly, today’s insureds and prospects care more about what other parties have to say than …

Traffic Deaths, Costs On Pace to Reach Highest Since 2007

Traffic deaths are 14 percent higher through the first six months of 2015 than they were during the same period in 2014, and serious injuries are 30 percent higher, according to the National Safety Council. From January to June, nearly …

How Hackers Profited from Stealing Earnings Press Releases

In late October 2013, Panera Bread Co., the national chain of restaurants that specializes in healthy soups and baked goods, prepared a news release to announce it was adjusting its earnings expectations downward for the recently begun fourth quarter. The …

California Earthquake Authority Prepares to Go into ‘Hyperspace’

The California Earthquake Authority – the state’s quasi-public earthquake insurance pool – long has had a problem with take-up. Only about 10 percent of homeowners in this most seismically active state actually buy coverage for the biggest catastrophic peril they …

EU Close to Easing Solvency II Capital Rules to Lure Asset-Backed Debt Buyers

The European Union’s plan to revive the asset-backed securities market may heed industry concerns by broadening the range of products eligible for a high-quality label and easing capital requirements for insurers. The securitization overhaul due next month from the European …

Congress May Tackle ‘C’ Corp Tax Reform After Vacation

Fixing the tax code for U.S. businesses will be at the forefront when Congress returns from vacation next month, with many lawmakers focusing on “C” corporations, despite new data showing a continuing decline in their numbers. Most of America’s biggest …

Insurance Claims for Unplanted Crops Jump 48%

Insurance claims filed by U.S. farmers for crops they couldn’t plant have jumped 48 percent this year, government data show, the latest indication of how adverse weather is curbing production of corn and other crops. Total claims so far in …

States Developing IRA Plans for Small Business Employees

For people working for a small business that doesn’t have a retirement plan, help is on the way. Roughly half of the U.S. states are working to create government-sponsored automatic individual retirement account (IRA) plans that would enroll workers without …

UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers

Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain the finances of regional insurers, credit ratings agency Fitch said on Tuesday. Credit Suisse analysts estimated that total insurance losses …