Flooding Is Biggest Climate Risk To UK
LONDON, Jan 26 (Reuters) - Flooding will be Britain's biggest climate risk this century, with damage set to cost as much as 12 billion pounds ($18 billion) a year by the 2080s if nothing is done to adapt to extreme weather, a report said on Thursday. [...]
10 most outrageous excuses for arriving late for work
Chronic latecomers can cause headaches for HR/benefits professionals aiming to keep an entire employee population happy and productive. While flexible work arrangements continue to spread throughout the mainstream American workforce, excessive tardiness can lead to dismissal. [...]
Hey Buddy, Want To Run A Failing U.S. Bank?
(Reuters) - Wanted: Skilled executives willing to take over large, failing U.S. financial firms at a moment's notice. [...]
TAX TIP: Get Long-Term Care Insurance NOW to Qualify for Deduction Next Year
KIRKLAND, Wash., Jan. 26, 2012 /PRNewswire/ -- Long-term care insurance is subsidized, in effect, by Uncle Sam. "For many people, a large part of their premium cost is deductible on their federal tax return," says Denise Gott, National Sales Manager and Chairman of the Board of LTC Financial Partners, LLC (LTCFP). "That doesn't make coverage free, but it makes it more affordable for millions." LTCFP is one of the nation's largest and most experienced agencies specializing in long-term care insurance. [...]
PA Insurance Department Announces 2011 Enforcement and Market Conduct Actions
HARRISBURG, Pa., Jan. 25, 2012 /PRNewswire-USNewswire/ -- The Pennsylvania Insurance Department's Office of Market Regulation closed 334 enforcement actions and market conduct examinations in 2011. The department issued 141 orders and adjudications, collected more than $900,000 in penalties and fines and recovered $3.2 million in restitution for consumers. [...]
Fitch: Eurozone Crisis Continues to Drive Global Credit Outlook
LONDON & NEW YORK--(BUSINESS WIRE)--Link to Fitch Ratings' Report: The Credit Outlook - Entrenched Eurozone Crisis Challenges Global Rating Stability [...]
Fitch: South African Life Insurance Market Robust
Jan 26 - Fitch Ratings says in a new special report that the South African life insurance industry performed well in H111, despite tough economic conditions. [...]
BestWeek Asia/Pacific: Severe Quakes Reveal Coverage ‘Blind Spots’
HONG KONG--(BUSINESS WIRE)--The devastating earthquakes that struck in a number of locations in 2010 and 2011 revealed what reinsurer Swiss Re calls “blind spots” in catastrophe modeling and underwriting, according to an article in the current edition of BestWeek Asia-Pacific. One of the most severe blind spots was the tsunami that hit Japan following the March 11, 2011, quake, which surprised the insurance industry with the extent of its damage, Swiss Re’s Balz Grollimund told BestWeek Asia-Pacific. [...]
Best’s Review Webinar Examines the Continually Evolving Issues of Cyber Liability
OLDWICK, N.J.--(BUSINESS WIRE)--A year ago, our panel of experts convened on the evolving issue of cyber liability in our most well-attended webinar to date. As cyber liability risk continues to widen, a broader array of businesses are finding they need to protect themselves from data, privacy and other exposures. This year our panel will highlight the latest litigation and regulatory developments, best practices, buying patterns, the latest compliance mandates and what insurance professionals should know to educate their clients and stakeholders. The live, one-hour webinar is scheduled for Wednesday, February 1, at 2 p.m. ET. [...]
Lexington Insurance Company Launches LexTV
NEW YORK--(BUSINESS WIRE)--Lexington Insurance Company, a Chartis company, today announced the introduction of LexTVSM (www.lex.tv), an online video news series that provides brokers with timely information and analysis of risks relevant to businesses around the globe. [...]
RenaissanceRe Announces Initial Estimated Net Negative Impact From the Flooding in Thailand and Net Loss at RenRe Energy Advisors Ltd.
PEMBROKE, Bermuda--(BUSINESS WIRE)--RenaissanceRe Holdings Ltd. (NYSE: RNR) (“RenaissanceRe” or the “Company”) today announced its initial estimated net negative impact from the flooding in Thailand, which occurred over four months in 2011 and resulted in widespread damage to property and the country’s manufacturing infrastructure. The Company currently expects that losses from the flooding in Thailand will have a net negative impact of approximately $45 million on its fourth quarter 2011 results. Net revisions to prior period large catastrophe loss estimates including the February 2011 New Zealand earthquake and the Tohoku earthquake are not expected to have a significant net impact on the Company’s financial results for the fourth quarter of 2011. [...]
Nationwide Speaks Out on N.C. Automobile Insurance Rate Modernization
RALEIGH, N.C.--(BUSINESS WIRE)--Nationwide Insurance Regional Vice President for North Carolina Lee Morton spoke before the N.C. Legislative Research Commission Joint Study Committee on Automobile Insurance Modernization today. Morton spoke about the healthy, robust, competitive, diverse, and low-cost auto insurance system that currently exists in the state and cited concerns for the unintended consequences changing the system will have on North Carolina’s drivers. [...]
Response To Catastrophes A Focus Of AAIS Main Event
Wheaton, Ill., Jan. 25, 2012--The lessons of 2011's devastating natural disasters will be a major focus of the 2012 AAIS Main Event conference for insurers, April 15-17 at The Lodge at Torrey Pines, La, Jolla, Calif. [...]
“Expectation Matching” Identified by Loyalty 360 as Key to Customer Retention, Driving Sustainable Growth
Cincinnati, OH. (January 26, 2012) “A brand’s customers have similar, yet distinct interests and expectations. Retaining these customers long-term is dependent upon a brand’s ability to understand them when you acquire them and to use a data-centric marketing strategy to drive brand engagement and create loyal brand advocates,” says Mark Johnson, CEO of Loyalty 360 – The Loyalty Marketer’s Association. “When the expectations of both the consumer and the brand are understood and refined through a process of interactive dialogue, the ‘expectation’ is ‘matched’ and mutually beneficial outcomes and financial benefit for the brand are created.” [...]
CFA To Release Study On Economic Harm To Low- And Moderate-Income Households From State-Mandated, Overpriced Auto Insurance
Washington, DC—On Monday, January 30, 2012, at 12:00 p.m. Eastern, during a press teleconference the Consumer Federation of America will release an in-depth study on low- to moderate-income households and the auto insurance marketplace. Auto insurance costs have a major impact on the economic well-being of low- to moderate-income households, who are required to purchase insurance if they own a car. J. Robert Hunter, CFA’s Director of Insurance, and Stephen Brobeck, CFA’s Executive Director, undertook the research with support from The Ford Foundation. During the press teleconference Hunter and Brobeck will release new information on: [...]
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