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The 2013 Atlantic hurricane season looks set to go down as a big washout, marking the first time in 45 years that the strongest storm to form was just a minor Category 1 hurricane...
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Global Study Shows Usage-Based Insurance Doubled From 2012
UBI will represent more than 100 million policies generating $80 billion in premiums by 2020, according to PTOLEMUS...
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Florida Denies NCCI Rate Filing
Florida has denied an annual rate filing by the National Council on Compensation Insurance proposing a 1 percent insurance rates has been disapproved...
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Insurer CFOs See Market as Hard or Hardening, but Are Split on When Rates Will Dip Again
Both property and casualty insurance markets are in the midst of hardening, according to a survey of CFOs at leading North American P&C insurers...
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Evan Greenberg Sounds Off on FASB Accounting Proposal; ACE Enjoys Solid Q3
Efforts by the Financial Accounting Standards Board to change accounting for insurance contracts deviate from an established, well-tested and reasonable norm, and essentially amount to a solution in search of a problem, according to comments by ACE Chairman and CEO Evan Greenberg...
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PCI Exec Panel Predicts More Industry Consolidation, Possible Reserve Crisis
As regulation has prompted banks to move toward consolidation, one insurance executive here at the PCI Annual Meeting is calling for the same in his industry...
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XL CEO McGavick: Insurance Industry Must 'Become More Daring'
XL Group CEO Michael McGavick says the insurance industry needs take some risks itself in order to provide solutions for a riskier world...
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State Auto CEO Restrepo Elected PCI Chair
State Auto Chairman and CEO Robert P. Restrepo has been elected Board Chair of the Property Casualty Insurers Association of America...
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Dude, Where's My Data?
Risk managers may have their head in the clouds with concern over the liabilities of cloud computing. However, an uptick in companies moving to cloud data hasn't correlated to a cybercrime storm...
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Willis Signs Up Three Partners to Speciality Insurance Scheme
The global insurance group Willis Group has signed up three partners to a scheme that automatically allocates them a slice of business written in speciality areas such as energy or aviation...
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EU Aiming for November Deal on New Insurance Rules: Sources
The protracted talks on new European Union capital adequacy rules for insurers are likely to be concluded next month, two sources involved said on Thursday...
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Top 3 Ways Agents Benefit from Investing in the Cloud
Cloud technology can improve interoffice teamwork between agents, brokers, and agency support staff--and deliver better customer service...
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28 Oct, 2013
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Source: http://insurancedataonline.blogspot.com/2013/10/week-in-review-october-26-2013.html
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