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Insurers’ Wild Week
As last week came to a close, two long-simmering legislative issues of great import to the insurance industry came to a head as the Senate passed financial service reform legislation and the house passed a bill that would extend the National Flood Insurance Program (NFIP) for five more years. ...
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Banks Seek to Keep Profits as New Oversight Rules Loom
The ink is not even dry on the new rules for Wall Street, and already, the bankers are a step ahead of everyone else. In ways large and small, the broad overhaul of the nation’s financial regulatory system that was approved by Congress on Thursday will eat into the ...
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First-half insured catastrophe losses a record
Natural catastrophes caused record worldwide insured losses of $22 billion for the first half of the year, more than double the average for the period since 2000, Munich Reinsurance Co. said Wednesday. There were 440 catastrophic events through June, the second-highest number since 2000, Munich Re said. Total ...
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The Hartford Tops Ranking of Auto Insurance Web Sites
HARTFORD, Conn., (BUSINESS WIRE) -- The Hartford Financial Services Group, Inc. today announced that a new study, conducted by Change Sciences Group, gives the auto insurer's Web site top marks for consumer experience. The study examined Web site ease-of-use, content quality, persuasiveness and the use of social media among ...
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Catastrophes likely to boost insurance prices: Munich Re
The large number of natural catastrophes so far this year are likely to increase insurance prices for July 1 renewals in the affected areas and business lines, Munich Reinsurance Co. said Tuesday. The Munich-based reinsurer said it believes there is a “long-term trend towards ever-higher natural catastrophe costs.” ...
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