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- Fitch upgrades outlook on global reinsurers
Fitch Ratings recently revised its outlook on the global reinsurance industry from negative to stable as a result of reinsurers' sound financial performance as well as improvements in the capital markets and the economy. Although raising premiums and shoring up reserves could prove difficult for the industry, the pressures still are "within normal cyclical expectations," the rating agency said. National Underwriter (free registration)
(11/12)
, The Wall Street Journal/Dow Jones Newswires
(11/12)
     
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Inflation could ramp up claims costs for reinsurers, analysts say: Reinsurance providers could expect an increase in claims costs if inflation deepens and leads to reserve losses and further price declines, analysts said. The problem is a "real" threat to the industry, as it could spur frequency and severity of claims to rise higher than expected, Insurance Information Institute President Bob Hartwig said. Bloomberg
(11/13)
| Industry Watch | | |
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- Ida spinoff slams Mid-Atlantic Coast
The storm from the remnants of Tropical Storm Ida drenched the Mid-Atlantic Coast, and flooded many coastal and low-lying areas in the region. Strong winds toppled trees and power lines, resulting in outages in several areas. At least four people were killed in Virginia and North Carolina, while three fishermen were reported missing after their boat capsized off of New Jersey's coast. The storm is expected to leave the region by Saturday, forecasters said. ABC News
(11/12)
, USA TODAY/The Associated Press
(11/12)
| Trends & Technology | | |
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- Survey: Many policyholders fail to grab insurance discounts
A survey by the Independent Insurance Agents & Brokers of America found many consumers are not taking advantage of available discounts for their homeowners' and auto insurance policies. "The latest survey shows what we suspected: Many Americans could be foolishly throwing money away because they fail to ask about insurance discounts for which they may qualify," an executive from the group said. Insurance Networking News
(11/12)
- Road deaths slide as auto industry pursues better safety designs
Car manufacturers are developing more advanced technologies to meet motorists' growing demand for safer vehicles. Air bags, safety belts and other features that help prevent fatal crashes and injuries helped contribute to the downward trend in traffic fatalities in recent years, an industry executive said. MSNBC
(11/13)
| Business Leadership | | |
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- 5 key habits of successful CEOs
To succeed in business, you've got to learn from those who've already made it to the top of the heap, writes Steve Tobak. The best CEOs have laserlike focus, a knack for surrounding themselves with successful people and a broad perspective of the whole company, Tobak notes. BNET/The Corner Office blog
(11/12)
- Why bland bosses are bad for business
Today's faceless business leaders are a hindrance to the companies they lead, declares The Economist. "The best ambassadors for business are the outsized figures who have changed the world. ... There is no long-term comparative advantage in being forgettable." The Economist
(11/12)
| Best Practices | | |
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- 5 ways to survive a flood of work
When you're feeling overwhelmed at work, do the most urgent task first to help lift your spirits, Meryl Evans writes. You can also reduce the stress by deleting updates and newsletters from your inbox; prioritizing items on a to-do list; skipping nonurgent meetings or events; and ignoring social networking for the day. Web Worker Daily
(11/11)
- How to get your network groove on
You won't network effectively or build great relationships if you are uncomfortable, so choose networking activities that feel "natural and authentic to you," writes Sital Ruparelia. While networking events should fit "your natural style," don't "avoid testing your comfort zone," she writes. CareerHubBlog.com
(11/6)
| NAMIC WeeklyPoll | | |
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Do you think world leaders should sign a treaty to create an international insurance program for countries most vulnerable to climate change?
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No. |
80.00%
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Yes. |
20.00%
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How do your company's customers learn about discounts they are eligible to receive?
 | We tell them if they ask. |
| We tell them even if they don't ask. |
| We tell them about some discounts, but they have to ask about others. |
| SmartQuote | | |
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