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May 2010
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NOAA sees up to 14 hurricanes in Atlantic this year

by Reuters - Jun 01,2010

WASHINGTON (Reuters)—The Atlantic storm season could produce as many as 14 hurricanes this year, the U.S. government's top climate agency predicted Thursday, setting the scene for potentially the most intense season since 2005. Advertisement In its first forecast for ... [full story]

Compromise Sought Over A.I.G. Unit

by The New York Times - Jun 01,2010

Prudential remained locked in talks on Monday over its purchase of the American International Group’s huge Asian life insurance arm, a deal that could be in jeopardy, said people briefed on the negotiations. The two sides hoped to ... [full story]

Insurance CEOs Point to Creativity as Top Leadership Competency

by Insurance Networking News - Jun 01,2010

A study released this week reveals that insurance chief executives believe that creativity ranks beyond rigor, management discipline, integrity or even vision in a company’s ability to remain competitive and successful. The study, released by IBM, was performed by ... [full story]

New York Drivers Are Most ‘Unfit’ in U.S., Study Says

by Bloomberg.com - Jun 01,2010

May 27 (Bloomberg) -- New York drivers are the least knowledgeable in the nation for a second straight year on rules of the road and neighboring New Jersey motorists are almost as bad, according ... [full story]

Oil complicates forecasts on hurricane season

by AP Associated Press - Jun 01,2010

VENICE, La. - As hurricane season approaches, the giant oil spill in the Gulf of Mexico is taking weather forecasters into nearly uncharted waters. The Gulf is a superhighway for hurricanes that form or explode over pools of hot ... [full story]

IT Investment Dollars Flow To Distribution Channels

by Insurance Networking News - Jun 01,2010

A new survey by Ireland-based Accenture finds insurers shifting their spending priorities to buttress multi-channel distribution and employ mobile technologies. The study, which queried senior executives at 125 life and property/casualty carriers around the globe, estimates that insurers plan ... [full story]

Bermuda market expected to see more M&As

by BusinessInsurance.com - Jun 01,2010

Mergers and acquisitions are expected to rise in the Bermuda insurance market this year due to numerous factors, many observers say. These factors include excess capital, investors' desire to move their cash, the need to diversify geographically and by ... [full story]

Insurers 'live and die' with $2.2 trillion in corporate bonds

by Bloomberg.com - Jun 01,2010

(Bloomberg)—Insurance investors are betting the corporate bond rally that bolstered industry stocks can withstand concern that the Greek rescue plan will be insufficient to stabilize debt markets. Prudential Financial Inc., American International Group Inc., MetLife Inc. and Allstate Corp. ... [full story]

Offshore reinsurance tax plan alive in Congress

by BusinessInsurance.com - May 27,2010

NEW YORK—A controversial tax proposal targeting offshore reinsurance transactions has a “reasonably good” chance of being considered by Congress before lawmakers depart for the summer recess, says a key proponent of the effort. William R. Berkley, chairman of W.R. ... [full story]

Top U.S. hurricane forecaster sees very active season

by Insurance Headlines - May 27,2010

FT LAUDERDALE, Fla. (Reuters)—The threat of more hurricanes than usual in the Atlantic has risen in the last month, and it promises to be "a hell of a year," a leading U.S. forecaster said Wednesday. William Gray, the hurricane ... [full story]

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