United States News

Demographic Shift Offers Opportunity for Agents

Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people considered to be “minorities,” …

Chicago’s 2016 Olympic Game Plan Includes $1 Billion Safety Net

Chicago is hoping its financial strength will help it win the 2016 Olympic Games. Organizers, led by a well-known Chicago insurance executive, have incorporated into their bid what they say is a $1 billion safety net if the games exceed …

Swiss Re Claims Executive Huff Named Missouri Commissioner

Gov. Jay Nixon has picked a Swiss Re insurance claims executive to lead the Missouri insurance department. John Huff, a Missouri native, has worked since July 2008 at the Zurich headquarters of Swiss Re, one of the world’s larger reinsurance …

USC Geographers Create U.S. ‘Death Map’ of Natural Event Fatalities

Hazard mortality is most prominent in the South, where most people are killed by severe weather, such as tornadoes. University of South Carolina geographers have produced a map of natural-hazard mortality that gives a county-level representation of the likelihood of …

Changing Demographics Offer a World of Opportunity for Enterprising Agents

Minorities Destined to Become Majority by Mid-Century Before the 21st century reaches the half-way mark, more than 50 percent of the population of the United States will be represented by a vast cultural mix of people considered to be “minorities,” …

Russia: Global Warming to Cause Droughts, Floods

Russia will likely see more forest fires, droughts and floods in the coming century due to global warming, and policy makers need to prepare for large-scale change, scientists warned in a report released Wednesday. It also said Russia, famous for …

MBIA Shifts Bond Insurance Business to New Public Finance Company

MBIA Inc. has launched a separate bond insurance company focused on public finance and said it will no longer use credit derivatives to back insurance across its businesses. The company, whose shares jumped 19 percent in premarket trade, said in …

RiskProNet Elects Clarke as President

Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …

Reinsurers Seem Ready to Flex Muscles, Raise Prices by Double-Digits

Reinsurers’ tough talk about raising prices on the risk cover they sell to insurers may have rung hollow before, but this time the promise is credible. Reinsurance companies such as global leader Munich Re have been flexing their muscles, predicting …

Chicago’s 2016 Olympic Game Plan Includes $1 Billion Financial Safety Net

Chicago touted its financial strength in its 2016 Olympic bid Friday, with organizers saying they have at least a $1 billion safety net if the games exceed an estimated $4.8 billion price tag. Chicago is competing against Tokyo, Madrid and …