Supply Chain Risks Underinsured in APAC: Zurich Insurance/BCI Survey 13 Jan 2017, 11:16 am

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Six out of 10 organizations in Asia Pacific experienced at least one supply chain disruption in the past year, with one in four incidents costing more than US$1 million, according to a survey conducted by the Business Continuity Institute (BCI) …

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People News: Starr Companies, Arch Insurance Group, Seibels 13 Jan 2017, 10:40 am

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Starr Companies Names Greytok Leader of Newly Formed Excess Casualty Division Starr Companies announced the promotion of Layla Greytok, vice president, as the leader of its newly formed Excess Casualty Division, a combination of the Excess Commercial Accounts and Excess …

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Alaska Officials Find No Sign of Fukushima-Related Radiation in Seafood 13 Jan 2017, 10:40 am

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State officials have announced that tests of Alaska seafood continue to show no detectable amounts of radiation, five years after a deadly earthquake and tsunami set off a nuclear disaster at a Japanese power plant. More than 16,000 people were …

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Inland Flooding Leads List of Climate Disasters That Cost $46B in 2016 13 Jan 2017, 10:33 am

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Climate-based disasters caused $46 billion in damage and killed at least 138 in the 48 contiguous U.S. states last year, with inland flooding emerging as the costliest weather event for the first time since 1997. The number of billion-dollar occurrences …

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New Climate Index Shows Extreme Weather Is Now 3 Times More Frequent 13 Jan 2017, 1:00 am

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Extreme weather over the last five years has been occurring with a regularity that’s about three times the norm, according to a newly created index from a group of number crunchers. The Actuaries Climate Index, which was officially launched near …

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R-T Specialty Promotes Hunziker, Nielsen 13 Jan 2017, 12:47 am

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Chicago-based wholesale insurance brokerage R-T Specialty LLC (RT) has promoted Stephen Hunziker to president of RT Specialty Minneapolis/St. Paul and Todd Nielsen to president of RT Specialty Boston Hunziker previously was an executive vice president, specializing in professional liability lines. …

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California Wholesalers Conference Tackled Everything from Marijuana to Trump 13 Jan 2017, 12:34 am

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How legalized marijuana and President-elect Donald Trump will affect the insurance industry, a possible merger of the nation’s two major excess and surplus lines organizations, renewing the National Flood Insurance Protection Program, California laws expected for 2017, incremental insurance. There …

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Oklahoma Insurance Commissioner Backs Plan for Rural Health Care 12 Jan 2017, 5:55 pm

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Oklahoma Insurance Commissioner John D. Doak is calling attention to a new effort to combat health issues in rural Oklahoma after attending the Rural Health Leadership Summit hosted by the OSU Center for Health Sciences (OSU-CHS). At the Jan. 10 event, …

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Fire Destroys 20 Transit-System Buses in Northwest Arkansas 12 Jan 2017, 5:37 pm

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A transit system serving four counties in northwest Arkansas has restricted its service after an early morning fire destroyed nearly all its buses. Ozark Regional Transit says the fire broke out on Jan. 10 in a bus canopy in Springdale, …

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Fire Danger Now High in Oklahoma but Icy Winter Storm on the Way 12 Jan 2017, 5:34 pm

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The National Weather Service says strong winds, unseasonably warm temperatures and low humidity have combined to create a high risk of wildfires in Oklahoma. Forecasters issued a red flag fire warning for western Oklahoma, and say temperatures in the mid-70s, …

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