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Monday 18 November 2013

Week-In-Review - November 16, 2013

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Kirschners.com Week-In-Review
WEEK ENDING
November 16, 2013
 
The Week-In-Review eNewsletter from Kirschners.com is a free information service providing a brief recap of the week's most relevant, useful information as reported by the leading insurance sources. It's the "Monday Morning Must Read."

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Bragg to Leave Terorrism Risk Insurance Program at End of 2013
Jeffrey S. Bragg, the first director of the Terrorism Risk Insurance Program (TRIP) of U.S. Department of Treasury, is leaving at the end of the year, according to a source...
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TRIA Issue Could Wait Until Spring; Signs Are Backstop May Look Different
Signs emerged at a House hearing that majority Republicans on the House Financial Services Committee will demand far more industry "skin in the game" as their price for reauthorizing the Terrorism Risk Insurance Act...
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$100M Insured Losses at Most from Super Typhoon Haiyan: Eqecat
Catastrophe modeler Eqecat says the insured losses from Typhoon Haiyan are likely not to exceed $100 million despite the storm possibly being the deadliest to ever hit the Philippines...
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Liberty Mutual Enters Mexican Surety Market
Liberty Mutual penetrates second-largest insurance segment in Latin America by acquiring surety group Primero Fianzas...
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ASK-GARY Owner Sues Allstate and Bloomberg News for Slander
Florida chiropractor "Dr. Gary" Kompothecras is suing Bloomberg News, Allstate Insurance and three other defendants on claims of libel, slander and misappropriation of trade secrets...
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Marsh Names New Sales Head for U.S. and Canada
Marsh appointed Donald Bailey as its new head of sales for the firm's U.S. and Canada division...
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Former AIG Executive Williamson Hired by Advisor Crystal & Co.
Former American International Group executive Charles Williamson has been hired as executive vice president of field operations and corporate development with risk and insurance advisor Crystal & Co...
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Agent and Broker Employment Gains Continue for Fourth Straight Month in Sept.
For the second month in a row, agents and brokers led all insurance subsectors in job creation in September, according to the latest employment data...
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Driven by Legislation, Regulation, eBilling Spreading to More Insurance Lines
Electronic billing is more than a trend, and it may be coming to an insurance line near you, according to a feature in Mitchell International's latest Industry Trends report...
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FIO: Suplus Lines Modernization Not Interfering with State Regulators
The 2010 surplus lines modernization act is not interfering with the ability of state regulators to access financial data for surplus lines reinsurers regulated by other states, the Federal Insurance Office says in a new report...
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Nationwide Reports 9-Month Growth of 18% in Direct-Channel Premium
Nationwide CFO says agents should grow commercial and financial services businesses because personal lines will become less significant to them...
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NAIC to Eye Guidelines on Unclaimed Property
A key National Association of Insurance Commissioners (NAIC) committee agreed late Friday to determine whether guidelines should be developed to provide consistency in the handling of unclaimed death benefits...
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2013 is Seventh Hottest Year on Record, Temps Continue to Rise
A build-up of man-made greenhouse gases in the atmosphere means a warmer future is now inevitable, says the World Meteorological...
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Typhoon Haiyan Devastates Philippines
Typhoon Haiyan has killed an estimated 10,000 people and displaced more than 600,000.
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