Why Insurance is Like Victoria's SecretNovember 06, 2012At the 2012 Insurance & Technology Summit, CUNA Mutual CIO Rick Roy told the audience that the company's direct-to-consumer strategy is based on some very unlikely sources.
Obama, Romney Solutions to Stimulating the EconomyNovember 06, 2012The health of the U.S. economy has been central to the campaign for the White House, with both President Barack Obama and Republican challenger Mitt Romney seeking to
convince voters they have a plan to usher in faster growth and job creation.
Allstate Won't Apply Hurricane Deductibles for Sandy VictimsNovember 06, 2012Allstate and Allstate New Jersey say tropical cyclone and hurricane deductibles on property policies will not be applied for Northeast and several Mid-Atlantic states affected by last week's superstorm.
Torus Leverages Portal Tech for Expanded Small Business StrategyNovember 05, 2012The global specialty insurer has adapted its industry-leading ESCAPE portal capabilities from its beginnings in excess casualty to commercial E&O and healthcare/medical professional liability.
RMS Says 'Too Soon' to Estimate Sandy LossesNovember 02, 2012The damage from the powerful storm Sandy
is so widespread that it is too soon to estimate losses, a
leading disaster assessment firm, RMS, said on Friday, in
contrast to rivals projecting possible insured losses of $7
billion to $20 billion.
NY Governor Warns Insurers Not to Charge Hurricane DeductiblesNovember 01, 2012The governors of New York, New
Jersey and other U.S. states said on Wednesday that insurance
companies should not charge hurricane deductibles that cost
tens of thousands of dollars to state homeowners who file claims
for damage from Sandy because it was
U.S. East Coast Staggers to Recover from Monster StormNovember 01, 2012Rescuers searched flooded streets and
swamped houses for survivors, drivers lined up for hours to get
scarce gasoline and millions remained without power on Thursday
as New York City and nearby coastal towns struggled to recover
from one of the biggest sto
Sandy Unlikely to Sink Catastrophe BondsOctober 30, 2012Investors who have put their
money into specialist financial bonds which cover insurance
companies from huge natural disasters are unlikely to be hit
with big losses from monster storm Sandy even though it is one
of the biggest ever to hit the United State
Hurricane Sandy Insured Losses Widely Outstrip IreneOctober 30, 2012Hurricane Sandy appears to have easily
caused more losses than last year's Hurricane Irene, but final
totals will be hard to come by for some time because of the
scale of the disaster, catastrophe forecasting companies said on
Tuesday.
What’s Sandy Going to Cost?October 29, 2012FEMA says Sandy could cause $3 billion in wind damage alone; others place Sandy in the company of Irene, Ike and maybe beyond.
Magna Carta's CIO Reports Remotely on Carrier's ReadinessOctober 29, 2012CIO David Lawless reports that the NYC-headquartered company's Northeast employees are working safely from home, thanks to virtualization, and that Oregon-based claims staff are at the ready.
CURE "Beefed Up" Reinsurance After Irene: COOOctober 29, 2012The New Jersey-based auto insurer also plans hyper-local storm outreach for future storms, according to COO Eric Poe, who envisions these major events hitting the company's home state much more often than they have historically.
PURE Prepared for Sandy Using Cloud Based CapabilitiesOctober 29, 2012PURE will be able to maintain uninterrupted processing, communications and remote work through cloud-based policy administration, claims, telephony and call center.
Capital Markets Shut After Sandy Strengthens OvernightOctober 29, 2012Hurricane Sandy, the monster
storm bearing down on the U.S. East Coast, strengthened on
Monday after hundreds of thousands moved to higher ground,
public transport shut down and the U.S. stock market suffered
its first weather-related closure in 27 years.<
Insurers Put Finishing Touches on Hurricane Sandy PrepOctober 28, 2012Insurers say they are making the
usual preparations for a hurricane - activating claims teams,
staging adjusters near the locations most likely to be affected
and generally getting ready to pay for a potentially huge volume
of losses.
Sandy Leaves 31 Dead in CarribeanOctober 26, 2012Slow-moving Hurricane Sandy, a
late season Atlantic storm unlike anything seen in more than two
decades, slogged toward the U.S. East Coast on Friday after
killing at least 31 people on a trail of destruction across the
Caribbean.
East Coast Prepares for Unprecedented "Frankenstorm" SandyOctober 26, 2012Virginia declared a state of
emergency on Friday, neighboring states readied utility crews
and New York City said it may shut down mass transit as
authorities along the U.S. East Coast prepared for a potential
pounding from Hurricane Sandy.
