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February 4, 2013

  Top Story 
Selling your business? Here are 7 things you should do now.
If you're considering selling your business, you should be doing everything you can to get the best possible price. In just 7 simple steps you can improve your chances of attracting buyers and getting big bucks for your business. Read the article and learn the 7 steps.

  Industry News 
  • States face penalty tied to federal mandates on drunken driving
    Restrictions on the use of federal highway funding are in force in 19 U.S. states that haven't met requirements for steps to reduce drunken driving, and 14 more states may face the limits amid a federal review. States that don't meet the requirements are forced to direct a portion of their highway funds to drunken-driving-prevention or highway-safety efforts instead of general construction. USA Today/Gannett News Service (2/3) LinkedInFacebookTwitterEmail this Story
  • Exec: Changing weather has led to higher insurance premiums
    Rising insurance costs can be attributed to changing weather patterns, Travelers Chairman and CEO Jay Fishman says. "We've embraced the notion that weather is different. ... If you're not impressed with what the weather has been doing over the last few years, you're not keeping your eyes open," Fishman says. CNBC (2/1) 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 
  • Federal agency's loss estimate for Sandy is below states' figures
    Damage from Hurricane Sandy and its remnants amounted to $35.8 billion in private fixed assets and $8.6 billion in government fixed assets, the Bureau of Economic Analysis says. The figures are lower than the $82 billion estimated by governors of Connecticut, New Jersey and New York. The federal agency's loss estimate, however, accounts only for the storm's direct impact on economic activity, excluding some physical damage that is not considered in calculating gross domestic product. Business Insurance (tiered subscription model) (2/1) LinkedInFacebookTwitterEmail this Story
  • Dallas, Corps of Engineers work on floodway project
    The Army Corps of Engineers and the city of Dallas are working to develop wetlands along 11 miles of the Trinity River as part of the city's floodway extension project. Officials are still awaiting federal funding to build levees as part of the project. "There's really no telling when funding will come around," said Rob Newman of the Corps of Engineers. The Dallas Morning News (free content) (2/3) LinkedInFacebookTwitterEmail this Story
  • Ill. congressmen back levee proposal in American Bottom
    Three Illinois congressmen have written to the state's Environmental Protection Agency to push for a proposal to fix Mississippi River levees in the American Bottom region. "The repairs proposed by the Southwest Illinois Flood Prevention District Council will ensure the 74-mile levee system will remain accredited by the Federal Emergency Management Agency," the lawmakers wrote. The proposal "will protect homes and businesses, while keeping the importance of the region's water quality in mind," they added. The Telegraph (Alton, Ill.) (2/1) LinkedInFacebookTwitterEmail this Story
What's hiding in your data silos? Maybe organized crime.
Organized crime sees plenty of opportunities in insurance fraud. They go where the money is, and there's billions to be made here. In this paper, Chris Swecker, a former FBI agent and Head of Security for Bank of America, goes over the steps insurance companies should take to protect their data - and themselves.

  Policy and Law 
  • Other News
To attain knowledge, add things every day. To attain wisdom, subtract things every day."
Chinese philosopher

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