December 8, 2011
The Federal Emergency Management Agency says there are only eight days left for New Yorkers affected by Hurricane Irene and Tropical Storm Lee to register for possible federal disaster assistance. Dec. 15 is the registration deadline for a wide range …
December 8, 2011
Gov. Rick Scott said he is concerned about Florida’s state-backed property insurer providing discounted coverage on new construction projects in high-risk areas. Scott questioned Citizens Property Insurance Corp. board chairman Carlos Lacasa for its reasoning in providing that insurance, especially …
December 8, 2011
The answer to the Final Jeopardy! question of who will be the first director of the Consumer Financial Protection Bureau will not become known today. In fact, it may be a while before there is an answer. Senate Republicans say …
December 8, 2011
More than 70 million drivers in the U.S. potentially are leaving car insurance savings on the table by not taking advantage of usage-based insurance programs that reward drivers who drive safely and during safe times of the day. More and …
December 8, 2011
Zurich Financial Services Group announced that Jeff Dailey (54, U.S. citizen) has been appointed as a member of the Group Executive Committee effective January 1, 2012. He is currently President and COO of Farmers Group, Inc., and will become its …
December 8, 2011
U.S. business leaders are as concerned as their European counterparts over a talent and skills shortage, despite record unemployment levels across much of the U.S. The talent risk was number two in a survey conducted by Lloyd’s in compiling its …
December 8, 2011
UK motor [auto] insurance premiums “have continued to rise in 2011, with some drivers facing price increases of up to 50 percent,” according to findings of the annual UK Motor Market Review by Willis Re. It also noted a significant …
December 8, 2011
The Aon Benfield Analytics’ Market Analysis team has published the latest edition of its Aon Benfield Aggregate (ABA) report, which assesses the financial performance of 28 of the world’s leading reinsurers in the first nine months of 2011, and examines …
December 8, 2011
The widespread floods in Thailand, which reached their highest point in October and November, “are the costliest natural catastrophe in the country’s history,” according to a bulletin from Munich Re. “The economic losses are huge, since key industries are concentrated …
December 8, 2011
AXA SA and Assicurazioni Generali SpA are among bidders shortlisted for HSBC Holdings Plc’s planned sale of its general insurance business, sources familiar with the matter told Reuters. HSBC, Europe’s biggest bank, launched the sale in September in a deal …