Global Natural Disasters Cost Insurers $45B in 2013: Impact Forecasting January 13, 2014 In 2013, there were 296 separate natural disaster events that produced total economic losses of $192 billion – four percent...
TWIA Expert Panel Working on Methods to Assess Wind/Water Property Loss January 10, 2014 By Stephanie K. Jones A panel studying methods to assess property loss incurred as a result of wind versus water forces along the Texas...
Insurance M&A Trends That May Lead to ‘Perfect Storm’ in 2014 January 9, 2014 By Mark Sponseller and Brent Perkel Encouraged by a vigorous period of insurance M&A activity in the second half of 2012, many in the industry had...
Top 3 Trends for P/C Insurers: Deloitte January 9, 2014 Property/casualty insurers should be thinking about transforming how they do business and how they can better deploy technology if they...
IRS Reports Big Jump in Identity Theft Probes January 8, 2014 By Richard Rubin The Internal Revenue Service started 1,492 criminal investigations into the use of tax returns to commit identity theft in the...
Europe Hit by $2.25 B Economic Loss: Impact Forecasting December Cat Report January 8, 2014 Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has issued its monthly Global Catastrophe Recap report...
Big ‘I’ Independent Agents’ InsurPAC Topped $1M in 2013 January 7, 2014 The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said its political action committee, InsurPac, raised...
Tennessee Traffic Deaths Decreased in 2013 January 7, 2014 Preliminary figures from the Tennessee Department of Safety and Homeland Security show the state had 988 traffic fatalities in 2013....
Munich Re’s Review of 2013 Cat Losses Focuses on Weather-Related Events January 7, 2014 In its annual review of loss events in the past year, Munich Re emphasized the “exceptionally high losses from weather-related...
Environmental Group Says $7.8 Billion Wasted by Crop Insurance Program January 6, 2014 A report commissioned by the Environmental Working Group (EWG) says that the federal crop insurance program over-compensated Corn Belt farmers...