INSURANCE Today for Thursday February 12th, 2009

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Wyoming Representatives Reject Bill to Raise Vehicle Liability Coverage Lim
The Wyoming House of Representatives has defeated a bill that would have increased the financial minimum limits on personal automobile liability coverage If it had passed, HB 160, the Motor (more)
Bank to keep Frasers stake
HOUSE of Fraser has confirmed that Icelandic bank Landsbanki will keep its major stake in the chain (more)
Third party insurance holders warned bad weather may not be over
Third party insurance customers who appreciate an accident could prove costly should prepare for more bad weather, it has been suggested According to the Institute of Advanced Motorists (IAM), the UK may be hit by further unfavourable conditions over (more)
A Big Ship Veteran Tries Something Smaller and Fancier
The Mariner is a perfect mid size ship with huge staterooms and all inclusive fares, so the higher per person rates for a Regent cruise can make it more than worthwhile on the right routes (more)
Drivers offered car-care advice
Motorists who do not want to jeopardise the cheap comprehensive car insurance premiums they have managed to secure may want to follow advice from the Retail Motor Industry Federation (RMIF) According to the group, there are certain things vehicle own (more)
Compare Home Contents Insurance
Most people want to compare home contents insurance to be sure that they're getting the best deal possible The key to making the most of your home insurance comparisons is to not only compare the price but the policy features too (more)
Recession could see home insurance claims double
Recession could see home insurance claims double (more)
Oklahoma Town Surveying Damage After Twisters Kill 8
Insurers such as Zurich and Farmers have announced they are sending catastrophe response teams to Arkansas, Oklahoma and Texas, areas pummeled by severe weather earlier this week Especially hard (more)
Report: AIG in Talks to Sell Auto Insurance Unit to Zurich
American International Group is in advanced talks to sell its U S auto insurance unit to Swiss insurer Zurich Financial Services AG, a source familiar with the matter said Tuesday The auto (more)
First Trial Dates Set For FEMA Trailer Suits in New Orleans
A federal judge in New Orleans has scheduled the first four trials for a batch of lawsuits filed on behalf of hurricane victims who claim they were exposed to potentially toxic fumes while living (more)
Zenith National to cut 100 jobs
Zenith National Insurance has said that it is eliminating approximately 100 positions, or approximately 6% of its workforce, as part of its initiative to streamline the company's administrative cost structure in its workers' compensation operations i (more)
Max Capital Posts $94 Million Q4 Loss; $175 Million FY Loss
The Bermuda based Max Capital Group reported a net loss for the three months ended December 31, 2008, of $94 1 million, or $1 67 per diluted share, compared to net income of $62 4 million, or (more)
Frommers.com Cruise Deals for the Week of February 12, 2009
This week's roundup of special offers includes up to 60% savings on Seabourn cruises, Carnival discounts for early bookers, and a fleet of savings from the top cruise specialist agents (more)
Poverty, joblessness hit home for students at Aspen Middle School
On Friday morning at Aspen Middle School, eighth grade student Jessica Ruiz tried unsuccessfully to get money for a drug test (more)
Talks continue over Emma deal
Pitkin County appears poised to receive $100,000 to help with the cost of stabilizing and rehabilitating the historic Emma Townsite buildings along Highway 82 near Basalt, to accompany the historic preservation of some 120 year old ranch structures (more)
Gadling's Valentine's day giveaway - day 2 - his and hers Cruising Caddies
Filed under: gadlings giveawaysWelcome back to day 2 of the Gadling Valentine's day giveaway Today, you can enter for your chance to win a his and hers Cruising Caddy The Cruising Caddy is a water bottle mobile phone camera tote designed to carry y (more)
Massachusetts Ex-Regulator Joins Narragansett Bay Insurance
Julianne Bowler, former commissioner of the Massachusetts Division of Insurance, has joined Pawtucket, Rhode Island based Narragansett Bay Insurance Co as a senior consultant for corporate and (more)
Ohio State Denies Liability in Elevator Death
Ohio State University argues it's not responsible for the death of a Pennsylvania freshman pinned by a dormitory elevator in 2006 In a court document filed this week, the university says in (more)
UK's Serious Fraud Office to Probe AIG Financial Products Unit
Britain's Serious Fraud Office (SFO) has launched a preliminary inquiry into suspected irregularities at a British subsidiary of American International Group Inc , the SFO said on Thursday The (more)
Basalt parents want answers about school district boundary
The Roaring Fork School District hasn't decided whether siblings of existing Basalt Elementary School students will be allowed to attend the school next year even if the families live outside the attendance area (more)
Texas Bill Would Double Fines for Driving With Handheld Devices
Texas State Rep Vicki Truitt of Keller has filed HB 1158 which would double fines for drivers guilty of traffic violations while using handheld wireless devices, the Texas House of (more)
Off Piste: Smooth sailing
Believe it or not, the midpoint of the lift served ski season slipped by on Groundhog Day (more)
The Freedom to Travel to Cuba Act
Filed under: History, North America, Oceania, South America, Cuba, United States, NewsAlas, a quiet bill was introduced by the House of Representatives earlier this week and could finally bring an end to a near 50 year U S Cuba standstill While ev (more)
Sinking to a new low
Dear Editor: The list of known investors on the planet Earth, who were allegedly duped by Bernard Madoff, was made public last week in the U S Bankruptcy Court in Manhattan, N Y (more)
Florida Home Insurance - It's Still Possible to Find Coverage at a Good Pri
Florida home insurance is getting more and more difficult to obtain and if you already have it it's getting more expensive Hurricanes in recent years have driven up the prices that homeowners are paying for their insurance premiums but it's still po (more)
Why There Are Some Florida Home Insurance Companies You Should Like
For years, it has been popular to hate home insurance companies in Florida for everything from policy cancellations, high prices, and poor customer service But Florida is now a world of smaller, regional home insurance companies as most of the well (more)
United America Indemnity appoints two new directors
Cayman Islands based United America Indemnity, a property and casualty insurer and a provider of treaty and facultative reinsurance, has appointed Chad Leat and Robert Fleischer as new directors to its board (more)
Truston: Truston Named 2009 Hot Companies Winning Finalist
SANTA BARBARA, CA (MARKET WIRE) Truston, a provider of award winning online services for identity theft protection and consumer credit management, announced that it has been named a 2009 Hot Companies finalist by Silicon Valley Communications Trust (more)
Skiers hockey sloppy, but victorious at home
Aspen hockey coach Al Butler was not happy with the effort He will sure take the victory (more)
Willis Fourth Quarter Net Income Falls 35% to $62 Million
Willis Group Holdings, the third largest global insurance broker, said Wednesday that its fourth quarter net income fell about 35 percent, hurt by declines in foreign currency and integration (more)
Legal woes pile up for suspected money launderer
A man accused of swindling a Pitkin County employee out of thousands of dollars found himself in trouble again when he was arrested Wednesday on the Front Range for alleged wire fraud and money laundering in an unrelated case, authorities said (more)
Judge: Defense Insurance Act Bars Suits Against Subcontractor Blackwater
The survivors of four Blackwater Worldwide contractors killed in a grisly ambush in Iraq five years ago have suffered yet another setback in their legal battle with the company A federal (more)
American Summit Offers Residential Property Insurance in Arizona
American Summit Insurance Co of Waco, Texas, has introduced its residential property insurance program, Home Choice, in Arizona The program features four packages of coverage: basic, value, (more)
A step in the wrong direction
Dear Editor: I am appalled by Carolyn Sackariason's 'On The Hill' editorial that you deigned fit for print in Tuesday's Aspen Times (more)
Basalt parents want answers about school boundary
BASALT The Roaring Fork School District hasn't decided whether siblings of already enrolled Basalt Elementary School students will be allowed to attend the school next year if the families live outside the attendance area (more)
Basalt church expansion on hold
BASALT St Vincent Catholic Church in Basalt is delaying plans for expansion because of economic conditions (more)
A fundraiser for the Fausts
Dear Editor: On Jan 28, 2009, a team member of Apex Patrol suffered a terrible loss (more)
Married drivers missing out on cheaper car cover
Married couples could be missing out on substantial savings on their car insurance if they fail to tell their insurer they have tied the knot (more)
Mark Farrah Associates: Medicare Advantage Market Matures
KENNEBUNK, ME (MARKET WIRE) After three years of intense competition, Medicare Advantage organizations wisely scaled back growth expectations for the 2008 2009 open enrollment season Membership reports confirm a slowing growth rate, about 2% from (more)
S&P Affirms XL and Subsidiaries Ratings; Outlook Remains Negative
Standard & Poor's Ratings Services has affirmed its 'BBB+' counterparty credit rating on XL Capital Ltd and its 'A' counterparty credit and financial strength ratings on XL's core operating (more)
LV= Gives Free Critical Illness Cover To New Income Protection Customers
LV= provides Critical Illness Cover to new income protection customers and launches online Income Protection Toolkit to help financial advisers educate clients more effectively (more)
Jury Clears Volkswagen in Car Crash That Paralyzed Vermont Man
A jury says Volkswagen isn't to blame for the injuries suffered by a Vermont man in a 2002 wreck that paralyzed him The suit stemmed from a Christmas Eve accident in Hanover, New Hampshire, in (more)
Alison Berkley: The Princess's Palate
Last Sunday my friend Carrie and I went to go see the movie, 'He's Just Not That Into You ' (more)
Guest opinion: After-school programs enrich lives of students
Nationally, more than 14 million K 12 youth must fend for themselves before a parent or guardian returns home from work (more)
Driving Record Points: Length On Your State Record
Since state laws vary so much on how long points and violation remain on a person's driving record you can also contact the DMV for this information or just look online Most DMVs have the state's dri (more)
Slash car insurance premiums
Auto insurance is often thought of as a 'fixed' expense, but there are plenty of ways you can cut your annual costs (more)
XL Capital Q4 net loss widens
XL Capital has reported that its net loss for the fourth quarter ended December 31, 2008 was $1 43 billion, or $4 36 per ordinary share, compared with a net loss of $1 22 billion, or $6 88 per ordinary share, for the fourth quarter ended December 31, (more)
Love in the air - Germans most likely to flirt, Swedes most likely to have
Filed under: Airlines, NewsIt's the most romantic time of the year which means companies are releasing all kinds of love related news and surveys The latest comes from British Airways, who did a quick interview of European travelers, and how often (more)
Midvalley home goes up in smoke
A house in the midvalley was gutted by a fire after a couch was ignited Wednesday afternoon, Carbondale Fire Chief Ron Leach said (more)
Alaska Attorney General Resigns
Alaska Attorney General Talis Colberg's resignation has brought out in the open what's been simmering since Gov Sarah Palin returned from the presidential campaign trail the lingering hard (more)
Lincoln's boyhood home is well worth the trip
Filed under: Hiking, History, Learning, StoriesBecause Lincoln Boyhood National Memorial in Indiana near the Kentucky border is not on a main highway, it's not crowded At least it wasn't crowded the sunny Sunday afternoon in August when we swung int (more)
GMHBA Joins Moneytime's Health Insurance Comparison Platform
GMHBA has become another of Australia's leading health insurance companies to join forces with moneytime, the comparison engine that allows people to compare and buy health insurance online (more)
Workscape: Workscape and Milliman Work Together to Expand Outsourced Benefi
MARLBOROUGH, MA and SEATTLE, WA (MARKET WIRE) Workscape, Inc , a leading provider of web based outsourced benefits and talent management solutions, and Milliman, Inc , one of the world's largest independent actuarial and consulting firms, have forge (more)
Louisiana Returned $6M-plus to P/C Insurance Consumers in 2008
Louisiana Insurance Commissioner Jim Donelon announced that the Property and Casualty Consumer Affairs Division at the Department of Insurance aided Louisiana insurance consumers in receiving (more)
Swiss Re CEO Aigrain Resigns; Lippe to Succeed Him
Swiss RE's CEO Jacques Aigrain resigned today, Thursday, February 13, a week after U S investor Warren Buffett stepped in with new capital and the reinsurer said it was disbanding its financial (more)
Bankers Advisory: Banker's Advisory's New FHA Audit and Assessment Guide a
BELMONT, MA (MARKET WIRE) Banker's Advisory president Anna DeSimone today announced the release of her company's new Audit and Assessment Guide for FHA Lenders and their CPA firms The 230 page book is an invaluable tool for lenders and auditors, wh (more)
Are you going on vacation this year?
Filed under: Business, Budget Travel, NewsThe answers seem to be all over the map Few have extra cash on their hands, and those who are working are still worried about what the future will bring It's tough to dash off to somewhere exotic or even (more)
Insurance.com Introduces RateWidget for Car Insurance
RateWidget Provides Instant, Up to Date, Local Car Insurance Prices (more)
Assurant elects new member to board
Assurant, a provider of specialty insurance and insurance related products and services, has elected Elaine Rosen, chair of the board of the Kresge Foundation and former president of Unum Life Insurance Company of America, to its board of directors (more)
Why am I being sued over car crash?
Following a minor accident I am being sued for damages Why can't this be left to the insurers to sort out as usual? (more)
Puritan Financial Companies, Inc.: Puritan Financial Group, Inc. Completes
DALLAS, TX (MARKET WIRE) Puritan Financial Group, Inc ('Puritan' or 'the Company') announced today it has completed the acquisition of the majority of Senior Resource Network's client base The acquisition will add an additional 3,800 client house (more)
iiBIG: Distressed Investors, Turnaround and Debt Specialists Deal With TARP
NEW YORK, NY (MARKET WIRE) iiBIG presents the 2nd Annual Distressed & Turnaround Investment Forum, scheduled for April 28 29, 2009, at the Drake Hotel in Chicago (more)
5 Michigan Auto Insurers Pledge to Freeze Rates
One week after Michigan Gov Jennifer Granholm called on auto insurance companies to freeze their rates, five insurers have said they will comply In a Feb 3 order, Granholm asked each (more)
Marsh Sees Growth in 2009 Boosted by Acquisitions
Marsh & McLennan Cos Inc , the No 2 global insurance broker, reported better than expected fourth quarter earnings, helped by lower costs, and forecast higher profits in 2009, sending its shares (more)
Uninsured Motorist Coverage and Underinsured Motorist Coverage
A thorough explaination about Uninsured Motorist, Underinsured Motorst and state rules Uninsured Motorist and Underinsured Motorist coverages, many drivers have these coverages as part of their auto (more)
A recipe for discontent
There is a belief that Jewish settlers, who were illegally living in Gaza, left state of the art greenhouses as a 'gift' to Gazans (more)
Ten Must-See Places for 2009
If you were asked to name ten places on the planet that would be on your 'must see' list, what would make the cut? That's exactly the dilemma that travel writer Susan Spanos faced when compiling just such a list for the Los Angeles Times, who were pu (more)
Finding Affordable Home Insurance
There's no point in paying more for something than you have to this includes insuring your home The good news is that there are ways to help you find affordable home insurance that gives you the protection you need (more)
S&P Affirms Mercury General Ratings; Revises Outlook to Negative
Standard & Poor's Ratings Services has revised its outlook on Los Angeles based Mercury General Corp and units to negative from stable S&P also affirmed its 'A ' counterparty credit and senior (more)
iTechnology Corporation: iTechnology Forms Accelerator Now Supports K2 Blac
MISSION VIEJO, CA (MARKET WIRE) iTechnology Corporation has just released version 1 2 of iTechnology Forms Accelerator which now supports K2 Blackpoint (more)
TSA to test encrypted boarding passes
Filed under: Airlines, AirportsCan any moron make a fake boarding pass? Some security analysts say so, and the Transportation Security Administration seems to be taking that threat seriously The TSA has announced that beginning this year it will test (more)
Alliance HealthCard: Alliance HealthCard Reports 19% Revenue Growth, 50% In
NORMAN, OK (MARKET WIRE) Alliance HealthCard, Inc (OTCBB: ALHC), a leading provider of health discount and lifestyle benefits, today announced its financial results for the first quarter ended December 31, 2008 (more)
How Do I Get Cheaper Home Insurance?
People who want home insurance prefer to get it with a minimum of trouble and inconvenience It is most important in getting home coverage to first select a possible vendor of services For things like this, consumers need to take the time to shop th (more)
Galley Gossip: My Bollywood Valentine's Day
Filed under: Galley Gossip There we were, the husband and I, standing up in a dark movie theater with a huge smile across our faces We had gone to see the movie Slumdog Millionaire and were just about to leave, but when the credits began rolling the (more)
Working to make our water better
Dear Editor: The State of the Roaring Fork Watershed Report was recently released by the Ruedi Water and Power Authority and the Roaring Fork Conservancy (more)
Judge Orders Tougher Mine Safety Rules to Improve Rescue Teams
A judge has ordered the federal agency that regulates coal mining to strengthen rules designed to make the nation's 38,000 underground coal miners safer by creating better trained rescue (more)
New York Bus Company Owner Charged with Shirking Workers' Comp
An investigation by the New York State Insurance Department and Workers' Compensation Board has led to charges against the owner of Yonkers bus service who failed to carry workers' compensation (more)
eHealth, Inc.: eHealth, Inc. Announces Fourth Quarter and Fiscal 2008 Resul
MOUNTAIN VIEW, CA (MARKET WIRE) eHealth, Inc (NASDAQ: EHTH), the leading online source of health insurance for individuals, families and small businesses, today announced its financial results for the fourth quarter and fiscal year ended December 3 (more)
Chris Cassatt editorial cartoon
No Abstract (more)
Rudeness is inherited
Dear Editor: I found Carolyn Sackariason's article in today's paper very offensive (more)
Western Insurance Agency joins Combined Agents of America
Combined Agents of America, a managing general agency, has accepted Tom Boren Insurance Agency doing business as Western Insurance Agency as its new member agency (more)
More Than Half of Insurers May Be Downgraded By Fitch
(Bloomberg) More than half of insurers worldwide may be downgraded by Fitch Ratings this year on declines in the value of their investments backing policies “Many insurers are feeling significant pressures from the financial crisis,” (more)
The pit is the pits
Dear Editor: As a citizen I am fed up with the fire pit that is on Paradise Corner (more)
Validus Re to Release Q4, FY Earnings Today; Conference Call Details
Bermuda based Validus Holdings plans to release its financial results for the fourth quarter and fiscal year ended December 31, 2008, after the close of trading on the New York Stock Exchange (more)
Mississippi Rejects 6 Insurers' Appeals of Windpool Assessments
Mississippi Insurance Commissioner Mike Chaney has upheld the efforts of the state's wind insurance pool to collect millions of dollars in past assessments from six insurance companies The (more)
MAS signs MoU with BaFin of Germany
The Monetary Authority of Singapore has signed a memorandum of understanding with the Bundesanstalt fur Finanzdienstleistungsaufsicht, the prudential regulator of financial institutions in Germany (more)
Everest Re Posts $16.6 Million Q4 Net Loss; $18.7 Million FY Loss
The Bermuda based Everest Re Group reported an overall net loss of $16 591 million, or $0 27 per share, for the fourth quarter of 2008 compared to net income of $12 2 million, or $0 19 per diluted (more)
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