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In the aftermath of Superstorm Sandy, many corporate risk managers whose organizations had experienced a flood loss found their companies facing a new exposure...
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Case Analysis: Indiana Appeals Court finds Insurer Cannot be Bound by Broker's Failure to Act
The broker's responsibility is to the insured and failing to fulfill that duty can exonerate the insurer and result in a serious and expensive claim to the broker for inaction...
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Donelon Asks President to Hold Off Raising Flood Rates
Lousiana Insurance Commissioner Jim Donelon used an opportunity to meet with President Obama to present him with a letter asking him to refrain from raising flood insurance rates for residents of his state...
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NICB: Q3 Questionable Claims Increase 24% from 2011
When comparing member QCs logged in 2011, 2012, and 2013, the NICB noticed a 24-percent uptick...
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WYO Insurers: Carefully Consider NFIP Rate Changes to Avoid More Consumer Confusion
The insurance companies that administer the National Flood Insurance Program painted a dire picture of the consequences of reversing any of the federal flood insurance rate increases now being implemented...
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House Hearing Continues NFIP Flood-Rate Debate
FEMA administrator, representatives, citizens' groups and real estate agents talk about the challenges arising from mandated rate increases for federal flood insurance...
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Around the Industry
News from Markel, the National Assn. of Professional Insurance, Cooper Gay, Victor O. Schinnerer and AssuredPartners...
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Underwriting and Business Intelligence: Art Meets Science
Data-driven technology has allowed insurers to ¬automate much of underwriting in some areas of P&C, but the larger goal of transforming underwriting form an art to a science is achieved by making better use of business intelligence to increase efficiency and improve outcomes...
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How to Purchase Cyber Insurance
Cyber insurance can be a valuable asset within a strategy to address and mitigate cyber security, data privacy, and other risks. But selecting and negotiating the right insurance product can present a significant challenge...
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2013 Hurricane Season 'One of Largest Busts' Ever for CSU Forecasters
This year—the quietest for hurricanes since 1995 and the first time in nearly two decades there wasn't a single major storm (Category 3 or greater)—Phil Klotzbach and mentor William Gray struck out...
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RMS: Midwest Storms Could Cost $1 Billion
Adding to an unusual year for U.S. weather, the weekend's Midwest tornado outbreak could be the most expensive storm event to have occurred in November...
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Commentary: Summary of the Hearing on Future of Terrorism Insurance
There is a lot of agreement among interested parties but the differences could stand in the way on a reauthorization bill...
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02 Dec, 2013
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Source: http://insurancedataonline.blogspot.com/2013/12/week-in-review-november-30-2013.html
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