Industry News
Keogh Resigns as EQECAT President; Little Named to Succeed Him
Bill Keogh has resigned as president of catastrophe risk modeling firm EQECAT, according to the company, and Paul Little has been named to succeed him. The company said Keogh resigned to pursue other ...Some Massachusetts MetLife Employees Take Work-From-Home Option
Insurance giant MetLife Inc. recently announced it will be transitioning some 2,600 jobs from five Northeastern states and California to new U.S. retail and technology hubs in North Carolina. The ...Marsh Partners With NYSE Euronext Units On Enhanced D&O Offering
NYSE Euronext companies, Corpedia and Corporate Board Member, have entered into a strategic alliance with Marsh to provide directors and officers with enhanced governance, risk and compliance ...FM Global Swings to $774M Net Profit for Full-Year 2012
Johnston, R.I.-based FM Global, one of the world's largest business property insurers, announced $774 million net income for the full-year 2012. That compares favorably to a net loss of $41.5 million ...
Insurance Claim-Padding Okay With 24 Percent of Americans: Survey
Twenty-four percent of Americans believe it is acceptable to increase an insurance claim by a small amount to make up for deductibles they are required to pay. That is lower than the 33 percent found ...
Sandy Outages, Communications Issues Slammed Small Businesses: Hartford Survey
While only 11 percent of small business owners surveyed in New York, New Jersey and Connecticut experienced structural property damage from Superstorm Sandy, more than half lost revenue in the ...
Industry IT Spending To Grow, But At Slower Rate in ’13: Celent
Total insurance IT spending globally will continue to grow in 2013—but at a slower pace than in 2012—and most of the money spent will go towards maintenance rather than new projects, Celent ...Is This Right Time to Restructure Florida CAT Fund?
A move to restructure Florida's state-run property reinsurance facility by lowering its financial obligation to insurers is facing an uphill legislative battle as both lawmakers and members of the ...