Lawmakers seek to provide comprehensive liability protection insurance… Last weekend, a number of powerful tornadoes swept through the state of Oklahoma, as well as its neighbors. According to the National Weather Service, 75 tornadoes touched down throughout the Midwest, many of which caused rampant damage throughout the region, especially in Oklahoma, where a powerful tornado claimed six lives. The total damage of the tornado outbreak is still be assessed by the insurance industry, but the event has spurred Oklahoma lawmakers to develop a comprehensive liability protection policy to help shelter…
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Insurance for the Olympic Games a major issue for UK insurers
Insurance professionals prepared to provide coverage for the Olympics There is a scant one hundred days before the 2012 Olympic Games begin in the United Kingdom. Preparations for the event are still underway and London’s insurance community is beginning to feel the pressure. Many of the city’s insurance agents and providers have been working for over a year to establish a safety net for the event. The Olympics is fraught with risk as the event attracts thousands of foreign visitors and athletes and collects them into a single, localized area.…
Read MoreTravelers makes insurance news by leaving Wall Street estimates in the dust
The latest insurance news from Travelers shows that it saw earnings far beyond expert predictions. Travelers Cos Inc., a property insurer, left estimates from Wall Street analysts in the dust in terms of predictions regarding its first quarter earnings, and made insurance news when it increased its dividend by 12 percent as the losses from natural disasters fell and as rates continue to rise following several weak years. Shares of the insurer increased to $62.35, an increase of 4.8 percent, reaching their highest level since May of last year. Analysts…
Read MoreNorth American companies avoiding cyber insurance according to Towers Watson
Are companies leaving themselves vulnerable to a cyber attack? Towers Watson, a leading consulting firm with expertise in risk assessment, has released its annual review of corporate risk this week. The firm surveyed several corporations throughout North America and found that most do not take cyber security seriously, especially in terms of insurance coverage. The firm has also found that the corporations purchasing cyber security insurance are doing so in limited capacity and seem unwilling to purchase comprehensive coverage. This may be a problem in a world where the Internet and…
Read MoreWebby award nomination for site with best creative professional insurance technology goes to Esurance
The award goes too… The nominations for the 16th Annual Webby Awards for the insurers that have shown to be the best examples of insurance technology, creativity, and professional progress, and Esurance has been named among those that may take the coveted prize for Best Insurance Website. The Webby Awards, presented by the International Academy of Digital Arts and Sciences (IADAS) focus on acknowledging the best sites available on the World Wide Web. They are designed to recognize those websites that are driving the Web forward in unique and important…
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