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November 30, 2009
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Climate change could risk trillions in U.S. assets

by BusinessInsurance.com - Nov 30,2009

WASHINGTON—Rising sea levels due to global warming in the next few decades could put trillions of dollars in U.S. assets at risk, according to a report released Tuesday. The joint report, released by German insurer Allianz S.E. and the World Wildlife ... [full story]

Crib Recall Not Seen Serious For Insurers Despite The Numbers

by National Underwriter - Nov 30,2009

The recall of more than 2.1 million baby cribs by the U.S. Consumer Products Safety Commission should not have a serious impact on insurers, but might pique demand for recall coverage, experts suggest. Yesterday, the Safety Commission, along with Canada’s product ... [full story]

NCOIL Sets Model Bill To Counter Airbag Fraud, Theft

by National Underwriter - Nov 30,2009

The National Conference of Insurance Legislators said it has adopted a model act for state lawmakers designed to discourage faulty airbag repairs and airbag theft. Action by the group came at its annual meeting in New Orleans. NCOIL said approval for ... [full story]

P&C Insurers Report Slight Underwriting Gain in Q3

by Insurance Networking News - Nov 30,2009

While it's not necessarily reason for insurers to throw up their hands and crack open the champagne, a preliminary review by SNL Financial of Q3 statutory financial data for U.S. property/casualty insurers found modest improvement in underwriting profitability and additional ... [full story]

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