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February 2012
The insurance departments of California, Washington state and New York are to require insurers to respond to the Climate Risk Survey adopted in 2009 by the NAIC.
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Events in the Middle East and North Africa have underlined the need for new thinking on political violence, civil unrest, and emergency evacuation cover products, according to Lloyd’s broker RFIB.
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January 2012
Comment: Guy Carpenter’s reinsurance renewals report included a handy checklist of the big themes facing the global insurance and reinsurance market this year. it is noticeable what themes don’t make the list, says Michael Loney, managing editor of Reactions.
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High unemployment in the US and a sluggish economic recovery, among others, would drag the US workers’ comp industry, says S&P.
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A recent study by the insurer has identified economic risks, business interruption and catastrophes as top three concerns for businesses.
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The insurer has appointed Alan Shaw to manage its European environmental business from the London branch.
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Lloyd's chairman John Nelson has mentioned underwriting discipline, Solvency II implementation and market modernisation as top priorities for 2012.
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COMMENT: Policymaker and big businesses still have a lot to learn about resilience, judging from the findings of a new report from Chatham House, says Reactions contributing editor Garry Booth.
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The December 2011/January 2012 issue of Reactions is now online. Click through to read a selection of stories from the issue.