Monthly Archives: <span>February 2017</span>

Talk Expected to Turn to Earthquakes at Tornado Summit in Oklahoma

Hundreds of top meteorologists and disaster recovery experts will converge on Oklahoma City this week for a national tornado summit, though much of the discussion is expected to focus on temblors, not twisters. The annual three-day conference in the middle …

Flood Emergency Declared at Utah Dam During Heavy Snowmelt

Federal water managers declared a first-stage flood emergency for the first time at a popular state park and released water from a dam as warming temperatures sent water from rapid snowmelt into homes and onto roads in northern Utah on …

XL Catlin Opens Shared Services Office in Gurgaon, India

XL Catlin has opened a shared services office, covering three floors at DLF World Tech Park in Gurgaon, India. The new office will provide “vital underwriting support, claims administration, actuarial services, finance and accounting for XL Catlin’s teams across the …

Ex-NFL Players Reminded to Register for Concussion Settlement

A federal judge last week urged NFL retirees to register for a concussion settlement that could cost the league $1 billion over 65 years. About 22,000 retirees are encouraged to get baseline neurological testing. The league expects more than 6,000 …

Brazil’s BB Seguridade Expects Slower Growth as Recession Continues to Bite

State-controlled insurance holding company BB Seguridade Participações SA on Monday forecast slower profit growth this year, reflecting the impact of Brazil’s harshest recession ever and a rapid decline in interest rates. BB Seguridade projected an increase of 1 percent to …

Intesa’s Interest in Generali Is ‘Strategically Questionable’: Opinion

Intesa Sanpaolo SpA is one of the few Italian banks that could accurately claim to be strong, profitable and shareholder-friendly. Generali’s Market Value: €23 billion It’s curious, therefore, that CEO Carlo Messina seems intent on jeopardizing that record with a …

Why Predictive Modeling Is Gaining as Fraud Fighting Tool

Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk Insurance Solutions. Though predictive modeling has been used for …

As La Niña Fades, Return of El Niño a Possibility

A U.S. weather forecaster on Thursday said La Niña has faded and neutral conditions are likely to continue in the coming months, though it noted some chance that the El Niño phenomenon may reappear as early as the Northern Hemisphere …

Trump Labor Chief Nominee Puzder Dodges Disability Bias Suit for Now

Labor secretary nominee Andrew Puzder, the controversial business leader expected to undergo a U.S. Senate confirmation hearing next week, will be spared an emotionally weighted and concurrent discrimination trial against the restaurant group he heads. A state court in Orange …

Obamacare Foe, Former Surgeon Price Sworn In as Health Secretary

Tom Price was sworn in as U.S. secretary of health on Friday, putting in place a determined opponent of Obamacare to help President Donald Trump dismantle his predecessor’s law and reshape the nation’s healthcare system. The Senate voted 52-47 earlier …