INSURANCE Today for Wednesday January 21st, 2009

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Teaching Careers Today
Teachers, Teachers News Blogs and Articles

Catlin US Establishes Casualty Facultative Reinsurance Unit
The Bermuda based Catlin Group Limited has announced the addition of Casualty Facultative Reinsurance to its portfolio of products underwritten by Catlin US Scott Beall, Director Casualty (more)
Texas Led Nation in Catastrophic Losses in 2008
A combination of hurricanes and severe thunderstorms pushed claims to exceed $10 billion for Texas property and casualty insurers in 2008 The losses in Texas exceeded all of the industry's (more)
California Insurance Commissioner Seeks Disability Changes
For the second time in two months, Insurance Commissioner Steve Poizner is being accused by his predecessor, Lt Gov John Garamendi, of proposing regulation changes that will weaken consumer (more)
Survey: Risk Managers Report Modest Premium Decreases in Q4
Insurance premiums for businesses continued a five year trend of falling rates during the fourth quarter of 2008, but recent data suggest a reversal of this trend may soon be underway Rates (more)
Oman United Insurance reports annual net loss
Oman United Insurance Company has reported unaudited net loss after tax of OMR4 09 million, or OMR0 041 loss per share, for the year ended December 31, 2008, compared to a net income of OMR4 17 million, or OMR0 042 per share, for the year ended Decem (more)
Economic Downturn Driving More Motorists to Ranks of Uninsured
Approximately one in six drivers across the U S may be driving uninsured by 2010, according to a recent study from Insurance Research Council (IRC) Although the estimated percentage of (more)
Aspen skiers stop to watch history in the making
ASPEN With the sun glistening off the Elk Mountain Range outside the Sundeck on Aspen Mountain, about three dozen skiers on Tuesday clicked out of their bindings long enough to watch history in the making with the swearing in of President Barack (more)
Men called James 'may have to dig deep for car insurance'
A new study has revealed the drivers who may be the most likely to end up paying more for their car insurance Research by Confused com found men named James were the most reckless behind the wheel, with 31 per cent admitting to motoring convictions M (more)
Bill Jamieson: Fresh bank plunge puts us in the last chance saloon
Another day, another bank share crash as unemployment soars (more)
January 21st, 2009
Auto insurance companies have not systematically violated a section of the State Insurance Law that gives consumers the right to choose where they want their vehicles repaired after a collision, Insurance Superintendent Eric Dinallo said today H (more)
Iowa Landlord Faked Insurance Claims to Cheat Tenants Out of Deposits
Iowa authorities said that Robert K Miell was tried and convicted on Jan 9 on income tax fraud in United States District Court in Des Moines Last week, Miell had pled guilty to 18 counts of (more)
Oklahoma Governor Approves Expansion of Insure Oklahoma
Oklahoma Gov Brad Henry has approved the expansion of Insure Oklahoma, a state program that helps small businesses purchase health insurance for their workers Emergency rules signed by Gov (more)
Leftover Salmon keyboardist arrested on assault charge
EAGLE COUNTY The keyboardist with Colorado jam band Leftover Salmon was arrested Tuesday for allegedly sexually assaulting a woman after a party, according to the Eagle County Sheriff's Office (more)
Car insurance customers will have to pay thousands for rare private plates
Drivers considering private plates after saving money on cheap car insurance may be surprised to find out just how expensive personalised registrations can be The Driver and Vehicle Licensing Agency (DVLA) has placed a £10,000 reserve on 1 O w (more)
Kentucky Police Officers Sue for Injuries at Unruly Holiday Party
Two Lexington, Kentucky police officers who were injured breaking up a large fight at a hotel have filed a lawsuit claiming the partygoers were served too much alcohol Officer Randall Combs (more)
Who's legally liable for a house fire?
My friend rents a house The house burned last week My friend has renter's insurance (probably not enough) and the landlord has homeowner's insurance (only $30k definitely not enough) The fire inspector just announced that my friend's electric ma (more)
Liberty Mutual Increases Nevada Auto Insurance Rates
The Liberty Mutual Fire Insurance Co received approval for a 6 9 percent rate increase, Liberty Insurance Corp received approval for a 7 percent rate increase and First Liberty Insurance Corp (more)
Salazar confirmed in Cabinet spot
DENVER Ken Salazar promised a more ethical, scientific Department of the Interior Tuesday after he was unanimously confirmed as secretary by the Senate hours after the inauguration of President Barack Obama (more)
In the Sky: The planet of love
While the sun and the moon are the two dominant features in our basic celestial world, occasionally other astronomical events or extraterrestrial bodies many predictable, some spontaneous quite literally enter the picture and for a time we get (more)
AIG names new chief investment officer
American International Group has appointed Monika Machon as its new senior vice president and chief investment officer, responsible for insurance company portfolio management across all asset classes, succeeding Win Neuger (more)
Hart Named California FAIR Plan Association President
The Governing Committee of the California FAIR Plan Association has named Anneliese Hart as its new president She succeeds Stuart Wilkinson, who will retire on February 5 after 18 years as (more)
In historic inaugural address, Obama calls upon the nation to sacrifice
WASHINGTON Tuesday's address much of which the president wrote himself signaled a sharp break with the domestic and national security policies of the Bush administration and a reaffirmation of Obama's main campaign themes (more)
AARP offering driver safety program for seniors
BULLHEAD CITY A driver safety program for seniors will be offered by the AARP from 9 a m to 1 p m Feb 3 4 at the Bullhead Senior Center, 2285 Trane Road (more)
DPS sets insurance checkpoints
The Department of Public Safety Traffic Section will be conducting mandatory liability auto insurance (Public Law 11 55) checkpoints on Friday, Jan 23, 2009 (more)
In Carbondale, catharsis
CARBONDALE It was a full and hopeful house at Dos Gringos Burritos in Carbondale on President Obama's inauguration day, as roughly 40 people gathered to watch the historic proceedings on television and cheer on the new head of state (more)
Willis HRH Announces New Executive Appointments
Willis HRH, the North American unit of Willis Group Holdings, announced a series of senior leadership appointments that the company says will drive growth and innovation in key areas of its retail (more)
Radical in the White House
My most fervent hope about President Obama is that he will be as radical as this moment that he will put everything on the table (more)
Bond is set at $250,000 for Aspen sexual assault suspect
ASPEN A judge set a $250,000 bond Tuesday for a Carbondale man accused of five felonies in connection with the alleged sexual assault and kidnapping of a woman at the Centennial apartments in Aspen (more)
'C6 could be as valuable as good car insurance in a crash'
In addition to having good car insurance, in the event of an accident, drivers may be better off in a Citroen C6, it has been suggested According to New Car Net, the model came out as offering the best overall crash protection when assessed under the (more)
Link Love From The Car Connection
UK crackdown: Britain is planning to enact tougher auto insurance laws, with penalties for simply owning an uninsured car That's good news for insurance premiums, bad news for tinkerers with lawns covered in 'projects' [Autocar] Best headline of (more)
Time to help Jeff and Susan
Rev Gregg Anderson of the Aspen Chapel often says that the 'real' Aspen emerges to help people facing hardships or tragedy He's right, and now is time to rally to the aid of Jeff Reese and Susan Grove (more)
Basalt students take in D.C.
WASHINGTON On Monday, the National Mall was a circus, full of journalists on every street corner There were lines, lines and more lines (more)
With healthcare insurance uncertain, should I get my cholesterol checked?
I just lost my job My health insurance ends at the end of this month and then I will have the option to go on my spouse's insurance or COBRA My question is: I have an appointment to get my cholesterol checked Should I keep the appointment? My doct (more)
Toner Joins Lockton's New Boston Office
The Lockton Cos has expanded its Northeast operations by adding turnaround expert Michael Toner to its new Boston office Toner is a leading expert on the insurance issues faced by companies (more)
Colt Park Insurance, Armstrong/Robitaille/Riegle Merge
Ann Arbor, Mich based Armstrong Robitaille Riegle Inc has merged with Colt Park Insurance Agency of Brighton, Mich Colt Park, along with A R R, will continue to write commercial insurance (more)
Liberty Mutual Increases Nevada Auto Insurance Rates
The Liberty Mutual Fire Insurance Co received approval for a 6 9 percent rate increase, Liberty Insurance Corp received approval for a 7 percent rate increase and First Liberty Insurance Corp (more)
The Stewart Law Firm, P.L.L.C. Receives Outstanding Service Award from MADD
The Stewart Law Firm, P L L C receives outstanding service award from Mothers Against Drunk Drivers (more)
Aperture Health, Inc.: Aperture Health Announces 400,000 Enrolled Members
MISSION VIEJO, CA (MARKET WIRE) Aperture Health, Inc (OTCBB: APRE) today announced that it now has more than 400,000+ enrolled members a 120+ fold increase over January 2008 (more)
Insurers Pay $25.2 Billion in CAT losses: ISO Study
January 20, 2009 A preliminary analysis released by ISO's Property Claim Services Unit shows U S insurers paid out an estimated $25 2 billion for property losses from 37 catastrophes in 2008 (more)
Safe driving class for senior citizens
NORWALK A driver safety program will be offered from 9 a m to 1 p m Feb 7 and 14 at the Norwalk Senior Center, 14040 San Antonio Drive (more)
One dead, two hurt in pileup near Palisade
GRAND JUNCTION, Colo One person is dead after a seven vehicle crash on Interstate 70 in western Colorado, and authorities say the victim was a pedestrian (more)
Abacus Insurance Brokers: Abacus Insurance Brokers Offers Online Builder's
LOS ANGELES, CA (MARKET WIRE) Abacus Insurance Brokers, Inc , a Los Angeles based program manager that distributes specialty insurance products online through www abacus net, has launched an online builder's risk program (more)
Schwarzenegger Appoints Three Workers' Comp Insurance Appointments
California Gov Arnold Schwarzenegger announced three workers' compensation insurance related appointments: Greg Aghazarian, Daniel Curtin and Steven Rank Aghazarian, 44, of Stockton, has been (more)
Matt Ferguson: Guest Opinion
I am an attorney representing some of Aspen's restaurant owners in a suit against Jim Blanning or what's left of him an estate (more)
Arizona Governor Napolitano Resigns
Arizona Gov Janet Napolitano officially submitted her resignation on Tuesday, Jan , 20, 2009, the same day she was confirmed as Secretary of the Department of Homeland Security in President Barak (more)
Travel Troubleshooter: Charged for Movies I Never Watched
What can you do if a hotel is charging you for something you didn't use? Like movies that were never ordered or watched Can our reader beat the charges? (more)
Jobless residents flood Eagle County looking for help
EAGLE COUNTY, Colo The county's Health and Human Services department in Eagle County had almost as many walk in clients in the first eight days of the year as it typically does in an entire month (more)
Britannia and CFS to form 'super-mutual'
THE Britannia Building Society has announced plans to merge with Co operative Financial Services (CFS) to create a new 'super mutual' company (more)
How can I book a sane vacation?
What's the safest best way to book airline tickets? Hey? I'm planning on flying from New York to Melbourne I don't have a credit card What is the best way to make sure my trip is hassle free? I've flown many times in the past and have never had a (more)
Su Lum: Slumming
I haven't made New Year's resolutions since I was in seventh grade and made 27 of them (more)
Lance Armstrong more prominent in 2nd stage Down Under
ADELAIDE, Australia Lance Armstrong gave his comeback to professional cycling new credibility when he took a prominent role in the second stage of the Tour Down Under on Wednesday (more)
MGIC Investment Q4 net loss narrows
MGIC Investment has reported a net loss for the fourth quarter ended December 31, 2008 of $273 3 million, or $2 21 per diluted share, compared with a net loss of $1 47 billion, or $18 17 per diluted share, for the fourth quarter of 2007 (more)
Hannover Rück: Hannover Rückversicherung AG: Changes on the Execu
HANNOVER, GERMANY (MARKET WIRE) (more)
Obama inauguration slideshow
The world watched while Barack Obama was sworn in as the 44th president of the United States The event is captured in a slide show of images from Washington, D C and around the world (more)
Insurance.com RateWatch for Car Insurance: 2008 Marks Year of Record Increa
CLEVELAND 2008 marked the biggest jump in car insurance rates in five years, with an annual increase of 8% over 2007, according to a new study by Insurance com, the largest online auto insurance agency in the United States (more)
Colorado could get more than $500M from stimulus bill
DENVER Colorado could get more than $500 million from the stimulus package now being considered in Congress (more)
Ratings Roundup: Mountain States, HMSC, Woodbrook, Gateway, Fremont, Michig
A M Best Co has revised the outlook to negative from stable and affirmed the financial strength rating of 'A ' (Excellent) and issuer credit ratings of 'a ' of Mountain States Mutual Casualty (more)
U.S. Risk Launches Real Time Quote Application
Dallas based managing general agency and surplus lines wholesaler, U S Risk Insurance Group Inc , has rolled out a new online platform through which agents can rate, quote and bind a policy in (more)
Business returns to Baldwin Street
After a two year absence in Woodland Park, Tom Brunette's Farmers' Insurance Group has re opened in the Southwestern style building at 517 S Baldwin Street 'We're back bigger and better,' said Kristyn Johnson, formerly Cline, officer manager and in (more)
Native North Texas Business Executive, John Pillow, Announces Office Openin
Aflac is a Fortune 200 company that has been in business since 1955, insures over 40 million people and has over $60 billion in assets (more)
Snowmass cuts budget, again
SNOWMASS VILLAGE Anticipating greater declines in sales tax revenue than previously thought, the Snowmass Village Town Council adopted a contingency budget with additional cuts Tuesday night (more)
Aspen's Main Street may become a walk in the park
ASPEN A $3 1 million Main Street overhaul is being proposed with center medians, prominent crosswalks and the elimination of some left turn lanes (more)
Imperial Capital, LLC: Imperial Capital, LLC Announces Strategic Hires to E
LOS ANGELES, CA (MARKET WIRE) As part of a significant expansion program, Imperial Capital, LLC ('Imperial') began 2009 with several key new hires intended to quickly expand its existing bank debt expertise Imperial announced that three Senior Vic (more)
Ellie Kay, Family Finance Expert and Author of 'Living Rich for Less,' Shar
Family finance expert, author of the new release 'Living Rich for Less,' mother of seven and a former auto insurance agent, Ellie Kay shares simple, money saving tips to help families save hundreds on auto insurance in the New Year (more)
Bank bosses face calls for MSP grilling
THE former heads of Royal Bank of Scotland and Halifax Bank of Scotland are facing calls to appear before the Scottish Parliament to explain their part in the banks' colla (more)
Andy Stone: A Stone's throw
Whew! Glad that's over (more)
Zurich Offers Specialized 'Clean Coal' Policies
Zurich Financial Services has now begun to offer specialized products to meet the unique insurance needs of Carbon Capture and Sequestration projects (more)
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