 |  |
 | Gain a distinct edge and keep moving forward.
Get deeper insights into your policyholders to help mitigate risk and increase profitability. TransUnion's unique data, advanced analytics and business intelligence are the basis of our flexible and innovative insurance solutions.
Access better information. Make smarter decisions. Operate more efficiently. Learn more.
|
|
| Industry News |  |  |
|
- P/C insurance market is starting to harden, survey says
Property/casualty insurers are becoming more selective in underwriting risks as they look to raise premiums and improve profitability, giving signs that the market is starting to harden, according to a survey by FirstBest Systems. "While we did not include agent and broker responses in the survey findings, given the response rate was statistically smaller, the sentiment this group provided was in line with their counterparts at commercial-lines carriers -- that they were experiencing a hardening market even before Hurricane Sandy," FirstBest's Joseph Pilkerton said. PropertyCasualty360
(11/6)      
- Catastrophe-bond issuance continues strong 2012
Catastrophe-bond issuance this year has exceeded 2011 levels after three recent bond deals amounted to $500 million for three reinsurers. Issuance so far this year stands at $5.2 billion, up from $4.3 billion last year. Total bond transactions may reach $7 billion by year-end, some estimates say. Reuters
(11/6)
| Catastrophic Risk | | |
|
- NYC considers idea of storm barriers to fight flooding
New York City officials are facing the question of whether to construct a barrier system to protect the city from storm surge. Mayor Michael Bloomberg has said he is skeptical of such a proposal, and Army Corps of Engineers spokesman Chris Gardner says many factors should be considered before adding barriers. Jeroen Aerts of the University of Amsterdam, who studied the city's flood risks, said the city might need $10 billion to $17 billion for a barrier system and an additional $10 billion to $12 billion for reinforcing the areas around barriers. The New York Times (tiered subscription model)/Green blog
(11/6)
- Officials tout beach-replenishment plan in N.J.
Officials on New Jersey's Long Beach Island are pushing for a plan by the Army Corps of Engineers for a 22-foot-tall dune system after dunes were effective in protecting beachfront properties when Hurricane Sandy and its remnants hit the area. Some homeowners have shown resistance, but Long Beach Township plans to require residents to agree to beach replenishment before it pays to replace the sand under homes. The Star-Ledger (Newark, N.J.)
(11/6)
- Study finds no pattern for hurricanes, stock-market effects
Major hurricanes in the past decade have not left any clear pattern of effects on the U.S. stock market, according to a study by MSCI. "We observe that periods immediately following hurricanes Charley, Ivan, Katrina and Wilma, all of which had sizeable insured losses, did not see substantial increases in market volatility or significant negative returns," MSCI said. Financial Advisor online
(11/6)
| Policy and Law | | |
|
- Ga. high court: Firms can get injured workers' records from doctors
Georgia's Supreme Court has overturned a ruling that blocked an employer from getting an injured worker's health records from a physician when the employee and her lawyer were not present. The high court said that "a complete prohibition on all ex parte communications would be inconsistent with the policy favoring full disclosure in workers compensation cases, as well as the goal of our workers compensation statute of providing equal access to relevant information within an efficient and streamlined proceeding so as not to delay the payment of benefits to an injured employee." Business Insurance (tiered subscription model)
(11/6)
 |
|  |
| The Buzz(CORPORATE ANNOUNCEMENTS)
The use of high-performance analytics to support faster, more insightful decision making is becoming the competitive differentiator for insurers. These advanced capabilities are transforming how quickly and efficiently the industry can manage big data, identify prospects, allocate capital and respond to regulations. Download paper.
Interested in learning more about advertising with SmartBrief? Click here for detailed industry information and media kits.
 | |
 |
|  |
| Association News | | |
|
- Boston to host 2013 PCI Annual Meeting
PCI is pleased to announce its 2013 Annual Meeting will be held Oct. 20 to 23 in Boston. This is the insurance industry's premier event of the year featuring the largest gathering of property/casualty insurance leaders in North America. Leaders in politics, business and economics will highlight the program.
| SmartQuote | | |
|
 | Success is often just an idea away."
--Frank Tyger,
American cartoonist, columnist and humorist
|
| |
| Advertise |
| Associate Publisher:
Abiy Bekele 212-450-7919
|
|
|
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
| |
| | Recent PCI SmartBrief Issues:
- Tuesday, November 06, 2012
- Monday, November 05, 2012
- Friday, November 02, 2012
- Thursday, November 01, 2012
- Wednesday, October 31, 2012
| | | Lead Editor: Charles Tomlinson
Sales Account Director: Jasmine Rogers
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
| |
|
| © 1999-2012 SmartBrief, Inc.® Legal Information |
|
