Industry On Track for Best Post-Crisis Year | Class Action Suits Against Target Begin

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PropertyCasualty360 Daily eNews
December 23, 2013 PropertyCasualty360.com
First Notice
9 Mo. Results Show Industry Set for Best Post-Crisis Year
By Arthur D. Postal, PropertyCasualty360.com
Profitability in the private U.S. property and casualty market rose sharply in the third quarter, and I.I.I. President Robert Hartwig says the industry on a "firm trajectory" for what will "assuredly be its best year in the post-crisis era."…Read more
Slideshow
A Christmas Story of Risks
By Bonnie Cavanaugh, PropertyCasualty360
Lockton breaks down the risks and coverages associated with Ralphie Parker's pursuit of the perfect Christmas gift: a Red Ryder carbine-action, two hundred shot Range Model air rifle with a compass in the stock and this thing which tells time.…Read more
Industry News
Class Action Suits Already Filed Against Target for Data Breach
By Anya Khalamayzer, PropertyCasualty360
Target reported that hackers stole up to 40 million credit and debit card records, including Target REDcards, of customers who shopped in-store in the second-largest retail data breach on record. …Read more
Legal Paper Breaks Down Mississippi's Arguments in NFIP Lawsuit
By Arthur D. Postal, PropertyCasualty360.com
The Federal District Court in Gulfport may consider staying aspects of the planned National Flood Insurance Program rate hikes imposed by a 2012 law until the litigation is resolved or affordability studies are concluded, a senior research attorney at the University of Mississippi concluded in a new paper. …Read more
N.Y. Unveils Plan to Bring Closure to Group Self-Insured Trust Problems
By Arthur D. Postal, PropertyCasualty360.com
New York moved aggressively Friday to deal with the chronic problem of failed group self-insured trusts, issuing $370 million in bonds that will be used to assist businesses on the hook for failed trusts fulfill their obligations to their injured workers.…Read more

Get in-depth coverage of specialty lines of insurance on PropertyCasualty360.com's Featured Lines pages. Get the info you need today!

Twelve Days of Christmas Scams
By Hannah Bender, PropertyCasualty360.com
Phony charities, pickpockets and puppies: Better Business Bureau reveals common holiday cons…Read more
Allianz: Data-Driven Solutions Could Add Predictability to the Weather
By Anya Khalamayzer, PropertyCasualty360
Corporations must begin to use data-driven weather risk solutions to guard revenues against volatile climate, Allianz says. …Read more
Ambac Shares Could Surge 50%: Barron's
By Reuters
Shares of Ambac Financial Group Inc could be poised for steep gains in the coming years if the bond insurer continues to shrink its portfolio of obligations, business weekly Barron's wrote on Sunday.…Read more
Perspective
By Matt Zollner
Santa Claus: A Ho-Ho-High Insurance Risk
By Matt Zollner
Well, I have officially been in the insurance business too long! While most people enter the holiday season excited about time off with family, tasty holiday meals and gifts under the tree, I find myself pondering the question, "What if Santa Claus needed to buy insurance?" Not only that,...Read more
Editors' Picks
Top 5 Industry Washington Issues for 2014
6 Forces That Will Shape the Insurance Industry in 2014
Tower Group Pays Off $70M Bank Line; Announces More Reserve Charges
Marsh: Commercial Property Rates Softening Through Q3
N.Y. Approves Esurance Telematics App to Prevent Teen Texting While Driving

American Airlines should not have had to pay any money to any person or to any firm. The entire amount should be paid by the terrorists who committed this Act of War.

Barry Rabkin, American Air, Cantor Fitzgerald Settle 9/11 Suit for $135M

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24 Dec, 2013


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