| 1. | The Next Big Thing in Insurance Coverage Is Here
Dec 13, 2011 -- Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational risk. With the boom in social media, interest in reputational risk has itself boomed. The term refers to a ... |
| 2. | Want to Reduce Cyber Risk? Avoid These 25 Worst Passwords of 2011
Dec 7, 2011 -- One way to help lower personal and business cyber risk is to avoid using easy-to-crack passwords. SplashData, a password management application maker, recently compiled a list of the 25 worst passwords for the year 2011. The research results were ... |
| 3. | S&P Puts Allianz, Aviva, AXA, Generali, Mapfre Units, 10 Other EU Insurers on CreditWatch/Negative
Dec 12, 2011 -- Standard & Poor's Ratings announced that it has placed its ratings on the following insurers (and certain related operating subsidiaries and certain holding companies) on CreditWatch with negative implications: • Allianz Group (including the ... |
| 4. | Best Practices to Prevent Employee Fraud in a Recession
Dec 14, 2011 -- Difficult economic times like these are always accompanied by an increase in employee fraud claims. While most employees are honest and trustworthy burdened by financial stress, otherwise honest employees may be tempted to steal from their employers ... |
| 5. | Progressive to Pay $125K Fine in Massachusetts
Dec 13, 2011 -- The Massachusetts Division of Insurance announced a $125,000 financial settlement with Progressive Direct Insurance Company. Regulators said Progressive erroneously informed some Massachusetts consumers that they had used credit information to ... |
| 6. | Online Portal Aims to Connect Independent Agents with Consumers
Dec 11, 2011 -- Beginning early next year, independent insurance agents will be able to tap into an online resource designed to connect them with the more than 65 percent of market share in personal lines they are currently missing. The Consumer Agent Portal LLP ... |
| 7. | Report Says M&A Deal Flow Will Pick Up, Lists Potential Candidates
Dec 13, 2011 -- The insurance industry is likely to see more robust mergers-and-acquisitions activities in 2012, according to a New York investment and research firm. In 2011, the M&A deal volume started off relatively slowly, followed by a notable pick up in the ... |
| 8. | Travelers Indemnity Seeks Claims Limit in Western Penn. Turnpike Mess
Dec 14, 2011 -- An insurance company says its liability for a pre-Thanksgiving asphalt spill on the Pennsylvania Turnpike should be limited to $1 million. Hundreds of vehicles were reportedly damaged when a leaking valve on a tanker spread the gooey substance over ... |
| 9. | Distracted Driving Stems From More Than Cell Phone Use, Insurers Say
Dec 16, 2011 -- Using a cell phone while driving is not the only distraction leading to automobile crashes today, says a group of insurance carriers. While the U.S. National Transportation Safety Board's (NTSB) call for a national ban on cell phone use while ... |
| 10. | Arrowhead in San Diego to be Acquired by Brown & Brown
Dec 16, 2011 -- The parent company of managing general agent San Diego, Calif.-based Arrowhead General Insurance Agency Inc. has entered into an agreement to be acquired by Brown & Brown Inc. (NYSE: BRO). The purchase price is $395 million, subject to ... |
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