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Swiss Re Survey Finds Most People Believe World is Getting Riskier

A key finding from a landmark survey commissioned by Swiss Re on the occasion of its 150th anniversary, has found that “people around the world say they’re acutely aware of the risks they may face in the future, and are …

Swiss Re Corporate Solutions Names Kleiterp to Head Asia Pacific

Swiss Re Corporate Solutions has appointed Fred Kleiterp, a Swiss Re executive, as Head of Asia Pacific. He will move from his current position as Head of Europe, Middle East and Africa (EMEA) in Zurich. He is based in Singapore …

Willis Signs w/ Xchanging Defense Fees Recovery Outsourcing Service

London-based Xchanging, the business process, procurement and technology services provider, announced that Willis has become the first broker to sign up to its outsourcing service for the collection of defense fees. “The newly developed service is designed to improve the …

Kentucky Supreme Court Reinstates $42M Verdict Against Fen-Phen Lawyers

A group of 431 people sickened by the diet drug fen-phen should be allowed to collect a $42 million judgment from their former attorneys who pilfered a massive settlement with the drug’s maker, the Kentucky Supreme Court ruled last week. …

Global Reinsurer Capital Reaches $510 Billion: Aon Benfield Survey

The latest edition of the Aon Benfield Aggregate (ABA) report, which analyses the financial results of the world’s leading reinsurers in the first half of 2013, concludes that “a continuing influx of new funds from capital markets investors offsets the …

Shippers Brace for More Suez Canal Turmoil After Vessel Attack

An attack by assailants on a container ship in the Suez Canal has heightened risks for merchant shipping using the vital waterway, with further threats considered likely as political turmoil continues in Egypt. On Sunday an army source said three …

Florida’s Citizens Signs with 10 Insurers to Take Nearly 400,000 Policies

Hundreds of thousands of Floridians who rely on Citizens Property Insurance could soon find themselves with a new insurance company. State regulators last week quietly signed off on a plan to let 10 different insurance companies absorb nearly 400,000 Citizens …

High Radiation Spreads at Ruined Fukushima Plant

High radiation levels are spreading at the ruined Fukushima nuclear plant, its operator said on Monday, and the Japanese government prepared to offer more funding and oversight to try to contain the crisis. Japanese authorities were seeking to address criticism …

Critics Say It’s Time New York Ends 1885 Scaffold Law

Years before skyscrapers, when New York City’s tallest building was still the 281-foot spire of Wall Street’s historic Trinity Church, state lawmakers passed the Scaffold Law, which made property owners and contractors liable for most “gravity-related” injuries to workers on …

CEO Says Connecticut Health Exchange in ‘Good Shape’

The CEO of Connecticut’s health insurance exchange says the organization is on track to begin accepting applications when open enrollment begins this fall. Kevin Counihan told reporters on Wednesday that Access Health CT recently underwent a readiness test with the …

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