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January 18, 2013

  Top Story 
How Much Do You Really Need to Make? The Answer May Shock You
Rather than focus on what you can afford to pull out of the business to cover your living expenses, you need to focus on how much you need to earn at your business in order to afford the lifestyle you want to have. This is where the Personal Earnings Goal, or PEG, comes into play. Learn how to calculate your PEG and find out how much you really need to make.

  Industry News 
 
  • Experts consider safety features' effect on auto insurance
    The auto insurance business is "shrinking" because of fewer crashes and better vehicle-safety technologies, Brian Sullivan of Risk Information says. But while insurers support efforts to build safer vehicles, risk won't be "mitigated so much that the premium falls significantly," says State Farm CEO Edward Rust Jr. "The cost to repair a vehicle that has been in an accident is much greater. It's not your grandpa's Olds," Rust says. InsuranceTech.com (1/17) LinkedInFacebookTwitterEmail this Story
  • Group: West Africa sea piracy risk is up, but overall attacks are down
    The number of pirate attacks against sea vessels decreased to 297 last year -- the lowest since 2008 -- because of onboard security and navy patrols off Somalia's coast, according to the International Maritime Bureau. The threat of pirate attacks, however, is increasing off the coast of West Africa, particularly in the Gulf of Guinea, where pirate attacks increased to 58 last year, the group said. Reuters (1/16) LinkedInFacebookTwitterEmail this Story
  • Captive-insurer total in Mont. hit 114 last year
    Montana granted licenses to 34 captive insurers last year, data from the Office of the Commissioner of Securities and Insurance indicate. Montana now has 114 captive insurers, of which 79 are single-parent captives and 16 are risk-retention groups. The office said it's pushing for changes in Montana's captive law, such as allowing series limited liability company captives. Business Insurance (tiered subscription model) (1/17) LinkedInFacebookTwitterEmail this Story
Transformational Journeys: Modern Business Planning
Harvard Business Review explores why CFO's and their finance organizations must adapt to the changing landscape of their markets and how big data, organizational collaboration, and new cloud-based planning and analysis technologies are driving successful change.
Click here to access the report.

  Catastrophic Risk 
 
Whitepaper: SDN: How do you get there from here?
Are the growing data needs of mobile, cloud, big data and social threatening today's enterprise networks? Scalable processes, a phased integration approach and the appetite to optimize over time are key components of a modern network. It's how agile organizations prepare for the data needs of tomorrow.
Explore the whitepaper to start down the path toward SDN.

  Policy and Law 
  • Mich. has new department to oversee insurance, financial services
    Michigan Gov. Rick Snyder has issued an executive order to create the Department of Insurance and Financial Services. The department will assume functions that had been handled by the Office of Financial and Insurance Regulation. Lori Conarton of the Insurance Institute of Michigan said she is hopeful that the department will help promote the industries it will regulate. "It's a high-wage industry, and we think that we can grow it and encourage more companies to come here," Conarton said. MLive.com (Michigan) (free registration) (1/17) LinkedInFacebookTwitterEmail this Story
  • Court again denies bid to put Fla.'s PIP law on hold
    A federal court in Florida has dismissed a lawsuit asking it to reconsider the denial of an injunction that would stop the implementation of a law revamping the state's personal-injury-protection insurance. "[N]o matter to what degree this court may sympathize with Plaintiffs' plight of suffering potential economic loss by virtue of this newly enacted legislation, the court must be guided by the rule of law," U.S. District Judge Richard Lazzara wrote in the ruling. PropertyCasualty360 (1/17) LinkedInFacebookTwitterEmail this Story
  • Other News
  SmartQuote 
If I had my life to live over, I would perhaps have more actual troubles but I'd have fewer imaginary ones."
--Don Herold,
American humorist, writer and cartoonist


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