INSURANCE Today for Wednesday February 18th, 2009

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Personal Finance News Today
Personal Finance, Personal Finance and Investing

NetSol Technologies, Inc.: NetSol Technologies Expansion of SAP Contract Re
EMERYVILLE, CA (MARKET WIRE) NetSol Technologies, Inc 'NetSol' (NASDAQ: NTWK) (NASDAQ DUBAI: NTWK), a U S corporation providing global business services and enterprise application solutions to private and public sector organizations worldwide, to (more)
Insurance agents go on defense
Michigan's independent insurance agents are fighting back against the Granholm administration's bid to lower auto insurance rates by imposing new regulations on the industry (more)
Scene Genesis: Online Communities Can Enhance Claims Service, Retain Custom
PITTSFORD, NY (MARKET WIRE) 'The very idea of using a community in a business context is exciting for some, groundbreaking for others, and downright frightening to a few,' Chrisa Hickey, Director of Product Management for insurance technology firm S (more)
ACE USA appoints new SVP of workers compensation
ACE USA, the retail operating division of the ACE Group of Companies, has appointed Robert Purdy to the position of senior vice president of workers compensation, as part of the ACE casualty risk division (more)
Frommer's 5 Deals: Mexico, Aruba, Singapore, NYC, and Ecuador
This week's roundup of deals worth looking at includes a package deal to Ecuador, 30% off of a NYC hotel, one of the lowest priced airfare deals to Singapore, and more (more)
A.M. Best Downgrades Kingsway & Several Subsidiaries
A M Best Co has downgraded the issuer credit ratings (ICR) and senior debt ratings to 'b ' from 'b' of Kingsway Financial Services Inc (KFSI) (Mississauga, Ontario) and Kingsway America Inc (more)
Notes on that other Carnival, in Cologne, Germany
Filed under: Festivals and Events, Food and Drink, GermanyMost of the time you can find yourself in Cologne, Germany, and not really know why you're there that's how relatively unexciting and nondescript Western Germany's largest city is But say (more)
Comprehensive car insurance customers may find Yaris cuts costs
People looking to buy a small vehicle which qualifies for cheap comprehensive car insurance may find the new Toyota Yaris can help them make other savings as well Michelin has revealed all future 1 0 VVT i versions of the model will come with its Ene (more)
Edack Elected Chairman of the Surplus Line Association of California
Members of the Surplus Line Association of California (SLA) elected John Edack as their chairman during the SLA 2009 Annual Meeting held January 29 in Beverly Hills, Calif Edack is the (more)
Auto Insurance Bill Designed To Reduce Premiums In Cities
Attorney General Richard Blumenthal on Tuesday called for a ban on basing auto insurance rates on consumer credit information and advocated a change designed to reduce premiums for city residents (more)
Photo of the day (2.17.09)
Filed under: Arts and Culture, Photo of the DayWith that warm spell that swept through much of the country last week, many of us got the false hope that spring was on the way that we'd soon be walking outside barefoot, chasing cats, jumping from t (more)
Praising Kane
Congratulations to the Basalt Town Council for choosing Bill Kane to be the next town manager (more)
A great race for Wilder
Dear Editor: More than 20 years ago, on Dec 7, 1986, my son, Wilder, skied into eternity (more)
Undiscovered New York: Going underground
Filed under: United States, TransportationWelcome back to Undiscovered New York If New York was a human body, with Times Square as the heart and Central Park as its lungs, the city's subway system would certainly be its veins and arteries unnotice (more)
Photo of the Day (2-18-09)
Filed under: Photo of the Day This has been one of those days when a photo like this one is a balm for the nerves No, nothing bad just sped up Willy Volk, who took this shot on the Lake Worth bridge, said that he's been seeing sunsets like this (more)
Eateries near an airport
Filed under: Business, Food and Drink, United States, AirportsWe've covered the best places to eat inside certain airports, and have given a big nod to the In N Out Burger just a mile from LAX Airport in Los Angeles, but here are other dining options (more)
Budget Travel: Why and how to hostel
Filed under: Learning, Africa, Asia, Europe, North America, Oceania, South America, Hotels and Accommodations, Budget Travel, Internet Tools, Travel DealsCall me crazy, but if I were ever given the option between staying in an expensive hotel, a medi (more)
Settlement Reached in Death from SF Tiger Attack
The parents of a 17 year old boy killed by an escaped tiger at the San Francisco Zoo have reached a settlement in their wrongful death lawsuit Their lawyer announced that both sides have (more)
Aegon, L&G See More Defaults, Insurer Woes Continue
Writedown woes hit European insurers again on Tuesday as life insurers Legal & General Plc and Aegon NV predicted more companies would default on loans, sending insurance shares down Legal & (more)
Extinguish the flame
Dear Editor: I feel that the eternal flame across from Paradise lacks the new image of Aspen (more)
Lost Your Health Insurance? Tips to Deal With It
The Columbus Dispatch has some tips for people who have been laid off and are currently uninsured These suggestions can save you money on your health care:If your health insurance hasn't yet ran out, get any necessary tests done before it does Ask y (more)
Business Benefits Insurance : Free Guide to Health Savings Accounts Details
ANDOVER, MA (MARKET WIRE) Health Savings Accounts the most powerful weapon for small and medium sized employers to slice healthcare costs without reducing coverage don't need to be confusing (more)
End for-profit insurance
Dear Editor: Please help us put the for profit insurance companies out of business (more)
Louisiana Workers' Compensation Insurer to Pay $7.5M Dividend
Louisiana Workers' Compensation Corporation (LWCC) announced it will pay a $7 5 million dividend to qualifying policyholders in February The pay out will bring LWCC's cumulative total (more)
Snowmass OKs Little Nell Residences
SNOWMASS VILLAGE The Snowmass Town Council finally approved all requested changes for The Little Nell Residences Snowmass on Tuesday night in a 4 1 vote, with Councilman Reed Lewis dissenting (more)
WKF&C Offers New Vacancy Program
Melville, N Y based WKF&C Agency Inc a nationwide, multi line managing general agency for excess and surplus lines, announced that it has added a new vacant building program to its market mix (more)
Foreign news coverage discussion sparks flare-up in Aspen
ASPEN Things got a little hot at The Given Institute on Tuesday night, when an audience member and National Public Radio Foreign Editor Loren Jenkins clashed over differing views of the Israeli Palestinian conflict in the Middle East (more)
Entering Egypt's Ancient Past via Cairo
They're still digging up treasures in Egypt, says Dr Zahi Hawass, chief of Egypt's Supreme Council of Antiquities and a modern day Indiana Jones of sorts, describing his current searches in Alexandria for the burial sites of Cleopatra and Marc Antho (more)
RiskProNet Elects Clarke as President
Richard G 'Dick' Clarke, senior vice president of J Smith Lanier & Co in West Point, Ga , has been elected 2009 president of RiskProNet International, a network of 25 independent insurance (more)
Storm brings snow to Aspen
ASPEN Snow from a storm that was expected to move into Aspen Monday night (more)
Antarctic Cruise Ship Runs Aground
Filed under: Antarctica, Argentina, Transportation, CruisesThe Antarctic cruise ship the M V Ocean Nova has run aground in Marguerite Bay, near the Antarctic Peninsula, with 106 passengers and crew aboard According to this story, from The Guardian, (more)
Arizona Department of Insurance Closes Tucson Office
Due to budget reductions, the Arizona Department of Insurance is closing its Tucson office located at 400 W Congress St , #152, effective Feb 20, 2009 People seeking DOI services are being (more)
Police: New York Man with Anti-DWI Device in DWI Crash
Police say a Long Island man whose car was outfitted with an anti drunken driving device rented another car and crashed it while intoxicated Police say 27 year old Marvin Rice, Junior, of (more)
Kansas Debates Penalties, Costs in Ridding Roads of Drunk Drivers
Kansas lawmakers heard testimony on a bill this week that was inspired by the deaths of a woman and her 4 year old daughter in an accident police believe involved a driver with multiple drunk (more)
Arkansas Lawmakers Back Seat Belt, Teen Driver, Credit Report Laws
New restrictions on teen drivers and legislation allowing police to pull over motorists for not wearing their seat belts advanced in the Arkansas Legislature Meanwhile, senators gave final (more)
Geico?s Lizard Offers a New Message of Reassurance
Confronting consumer anxiety over the economy, the giant insurer Geico is for the first time rolling out a secret ingredient of its own: Warren E Buffett (more)
AVSC dominates Aspen competition
ASPEN No matter what the discipline, Aspen Valley Ski and Snowboard Club athletes dominated on their home snow in this past weekend's Rocky Divisional Championships, the season's final Junior Olympic qualifier (more)
'Pipe Bomb' sticker causes airport chaos
Filed under: Video, Airports, NewsHere's one more 'This Bike is a Pipe Bomb' sticker story This time, instead of closing down Ohio University which is what happened in 2006 when a bike with the sticker on it created a hoopla until the authorities fo (more)
MBIA Plans to Spin Off Municipal Bond Unit
Without hoped for aid from Washington, the bond insurer MBIA is restructuring itself to regain a triple A rating (more)
Unitrin Insurance Completes Acquisition of Direct Response for $200M
Trinity Universal Insurance Co , a Unitrin, Inc subsidiary, has completed its previously announced acquisition of Direct Response Corp and its subsidiaries in a cash transaction valued at (more)
EastNets: Bermuda Commercial Bank Expands Risk Protection With EastNets' An
NEW YORK, NY (MARKET WIRE) EastNets, a leading global provider of compliance and payments solutions and services, announced today that Bermuda Commercial Bank (BCB) has selected its en SafeWatch Profiling anti money laundering solution to meet compl (more)
Osaka Bang!
Filed under: Arts and Culture, JapanProbably the funniest Youtube video I've seen in a while In 'Osaka Bang!' (not what it sounds like, I promise), the show's host walks around the streets of Osaka, Japan, while pointing his finger at people as if i (more)
Florida's Peninsula Insurance Ready to Write State Farm Policies
Florida Peninsula Insurance Co , a Boca Raton based domestic insurer writing homeowners, condo and renters policies statewide, said it is prepared to insure up to 100,000 State Farm Florida (more)
Travel on Amtrak's Acela from Boston to Washington for $99
Filed under: TransportationAmtrak is seriously discounting some tickets on its high speed, business class only Acela trains in an effort to attract more leisure travelers, who have traditionally eschewed Acela for regular Amtrak service Right now you (more)
Fontana man arrested on fraud charge
A 30 year old Fontana man recently surrendered himself to the custody of investigators from the San Bernardino District Attorney's Office Jerald Hunter was wanted for an outstanding felony auto insurance fraud warrant (more)
South Carolina Celebrates Licensing 200 Captive Insurers Since 2000
The South Carolina Department of Insurance is celebrating issuing its the 200th captive insurance company license State Insurance Director Scott H Richardson presented the license to Hardin (more)
Valiant Insurance Forms Excess & Surplus Lines Company
New York based specialty insurer Valiant Insurance Group, Inc has established a new insurance vehicle, Valiant Specialty Insurance Co , a Delaware licensed property casualty insurance company to (more)
Universal Insurance Holdings, Inc.: Universal Insurance Holdings, Inc. Anno
FORT LAUDERDALE, FL (MARKET WIRE) Universal Insurance Holdings, Inc (NYSE Alternext US: UVE), a vertically integrated insurance holding company, announced that its subsidiary, Universal Property and Casualty Insurance Company (UPCIC), has received (more)
Banco Daycoval S.A.: Daycoval Announces 4Q08 Results
SÃO PAULO, BRAZIL (MARKET WIRE) Banco Daycoval S A ('Daycoval' or 'Bank') (BOVESPA: DAYC4) (ADR Level I: BDYVY) announced its results for the fourth quarter of 2008 (4Q08) Within the main highlights during the period are the following: (more)
Washington Senate Democrats Want More Transparency in Rebates
Senate Democrats proposed increasing oversight of a Washington State business insurance rebate program, citing rebate overpayments of at least $150 million Last week, the state Department of (more)
Aussie hotel saves planet from roof
Filed under: Activism, Business, Asia, Australia, Hotels and Accommodations, NewsOne flip of the switch changed the Crowne Plaza Alice Springs and upped the ante for hotels around the world The Australia hotel now uses the largest building mounted s (more)
Connecticut Agents' Group Urges State to Drop Cat-Fund Plan
A trade group for Connecticut insurance agents is urging lawmakers to abandon plans to create a state natural catastrophe fund The Professional Insurance Agents of Connecticut (PIACT) said (more)
Illinois Bill Would Require Gun Owners to Buy $1M in Liability Insurance
An Illinois state lawmaker is proposing that gun owners be required to carry personal liability insurance of at least $1 million Rep Kenneth Dunkin's bill seeks to amend the state's Firearm (more)
AMP bucks trend, says profit up by a quarter
AMP Financial Services (NZ) has reported operating earnings up 22 per cent to $66 5 million, which it puts down to increased life insurance profits and disciplined cost control Underlying profit after tax increased 23 per cent (more)
Angry pilot drop his pants - asks checkpoint staff to 'search this'
Filed under: Airports, NewsGet this a pilot for Swiss International Airways decided that enough was enough at the London City Airport security checkpoint Instead of complying with all staff instructions, he dropped his pants and underwear, complet (more)
United America Indemnity reports Q4 net loss
United America Indemnity has reported a net loss of $120 4 million, or $3 83 per share, for the fourth quarter of 2008, compared to a net income of $26 4 million, or $$0 71 per share, for the same quarter of 2007 (more)
The best-kept secret to saving on road trips
Filed under: United States, Budget TravelIt could be the dream road trip You want to see the US You want to save money And an RV company needs someone to make the drive, so they're practically paying you to do it Hey, you just want to help them ou (more)
Barnum Financial Group: Barnum Financial Group, an Office of MetLife, Urges
SHELTON, CT (MARKET WIRE) Barnum Financial Group, an Office of MetLife, announced the start of its 4th Annual Essay Contest on Feb,1st Children ages 6 14 are urged to submit essays no longer than 500 words and structured around the topic of 'What (more)
6 More Arkansas Counties Eligible for Federal Help
More than a third of Arkansas' 75 counties have been declared eligible for federal public assistance after last month's ice storm The Public Assistance Program reimburses local governments, (more)
Court denies new trial to lawyer convicted of auto insurance fraud
LAWRENCE ' The state Appeals Court has denied suspended Lawrence attorney Jorge E Elias' request for a new trial Elias, 62, of Salem, Mass , was convicted nearly three years ago of conspiracy to commit auto insurance fraud (more)
H & R Block: H&R Block Announces Dates for Reporting Tax Season Results
KANSAS CITY, MO (MARKET WIRE) H&R Block Inc (NYSE: HRB) today announced its schedule for releasing interim results for the 2009 tax season now under way (more)
FSA picks Credit Suisse banker
THE Financial Services Authority has appointed former Credit Suisse banker Mark Norris as its new chief operating officer (more)
Number 1 Way to Lower Your Auto Insurance
With everyone tightening their financial belts in today's troubling economy, it's more important than ever to save money where you can One thing that a lot of people wonder about is why their car insurance costs so much (more)
Stop ridiculous ticketing
Dear Editor: In response to Lee Cassin's 'Consequences for Idling' (letters, Feb 13), I support her cause except it takes far longer than 30 seconds to defrost my windshield in order to safely drive! (more)
Allstate Lowering Rates on Auto Policies
Colorado's Division of Insurance announced that Allstate Insurance Group has decreased its rates for private passenger automobile policies in the state, providing a savings of $6 8 million to (more)
Aon appoints non-executive chairman
Aon Limited, a provider of risk management services, insurance and reinsurance brokerage, has appointed Paul Manduca as its non executive chairman (more)
No more mega-structures
Dear Editor: The belief that major hotel construction projects benefit Aspen economically is more myth than fact (more)
Florida Peninsula Insurance Company: Florida Peninsula Insurance Company Ad
BOCA RATON, FL (MARKET WIRE) Florida Peninsula Insurance Company, a domestic property and casualty company writing multi peril homeowners, condo and renters policies statewide, is prepared to insure up to 100,000 potentially displaced State Farm cus (more)
Inside the Virgin America Boston Launch
Filed under: Business, Airlines, News Virgin America kicked off their service to Boston with a bang last week, in an evening filled with excitement, celebrities and as usual, more than a few delicious beverages Gadling bloggers were on hand to captur (more)
Colorado committee backs car fee hikes, tolling
DENVER A House committee backed a proposal to raise car registration fees to pay for bridge and road repairs late Tuesday despite concerns about how the hikes would affect people struggling during the recession (more)
Five Places To See Before Climate Change Ruins Them Forever
Filed under: Scuba Diving, Switzerland, United States, Australia, Brazil, EcotourismCNN com has an interesting article naming the five places that everyone should see before they are forever altered by climate change, which is already having an indel (more)
Van insurance holders may welcome scrapping rewards
Van insurance customers who are keen to get rid of their old banger may welcome calls for the government to introduce financial rewards for people who are willing to scrap ageing models The Society of Motor Manufacturers and Traders (SMMT) has put fo (more)
Landlord Insurance - Property Services Guide
Landlord property insurance cover takes care of your property in case of any damage by flood or fire This cover deal was designed to help home owners and landlords safeguard their expensive property possessions (more)
The movie listings: Aspen to Glenwood
Here's what's showing, and when, at movie theaters from Aspen to Glenwood Springs (more)
Fiat 500C may tempt motorists who like to turn heads
People who are keen to buy a small vehicle in order to reduce the amount they spend on comprehensive car insurance but still want to turn heads may do well to keep a close eye on the Geneva motor show This is because Fiat has announced it is unve (more)
Giving Away Medical Care Isn?t Easy
An 81 year old retired doctor is working to continue to offer free medical care to the poor after his clinic was shut down due to state budget cuts (more)
Jumpstart your US Airways elite status with Double Miles
Filed under: Business, Airlines, Budget Travel, NewsTired of hearing about all of this 'elite status' stuff and ready to give it a try? US Airways just started a double elite miles promotion that should help you find your way Between now and March 31 (more)
5 Insurers Asked to Testify at Florida Hearing on Credit Scoring Today
The Florida Office of Insurance Regulation will hold a public hearing this morning in Tallahassee about the use of credit scoring, credit history and credit models by insurers in the underwriting (more)
Plane Answers: Pilots are either heroes or villains after an accident
Filed under: Plane AnswersWelcome to Gadling's feature, Plane Answers, where our resident airline pilot, Kent Wien, answers your questions about everything from takeoff to touchdown and beyond Have a question of your own? Ask away! After an accident (more)
South African flight crews know how to get high
Filed under: Europe, United Kingdom, Airlines, NewsIf you're having trouble staying awake or just like to party, book your next flight on South African Airways The UK Border Agency arrested 15 SAA crew members nine men and six women at Heathrow (more)
Travel Troubleshooter: My Valet Got a Parking Ticket. Now What?
Our reader's rental car gets a ticket when she leaves it with the hotel valet She wants the ticket refunded, but the hotel is stringing her along Is she stuck? (more)
Great American Insurance unveils new diminishing deductible endorsement
Great American Insurance Group's property and inland marine division has introduced its new motor truck cargo diminishing deductible endorsement (more)
Spring Break Deals: Where to Snag a Last-Minute Bargain
Still haven't booked your family's spring break getaway? Any other year, that might have been a problem But in 2009, procrastination is paying off (more)
U.S. RE Companies, Inc.: U.S. RE to Enter Brazil Market
PEARL RIVER, NY (MARKET WIRE) U S RE, the international financial services and reinsurance brokerage firm, announced plans to form a reinsurance broker subsidiary in Sao Paulo to serve the insurance industry in Brazil The announcement was made by (more)
What's the deal with duty-free?
Filed under: NewsTake an international flight, and the signs are seductive 'Duty free' beckons you into endless rows of stores with some sense of tax savings and bargain shopping In the United States, this trims the cost of local import taxes, but (more)
Rethinking careers during a recession leads some to CMC
ASPEN These days, Colorado Mountain College career counselor Susan Shipp gets a call a day from Aspen job seekers looking for advice (more)
Delaware museum exhibits copy of famous art
Filed under: Arts and Culture, North America, United StatesThe Delaware Art Museum is proud to exhibit a copy of the Mona Lisa So, if a trip to the Louvre is not in your budget this year, consider Wilmington You can enjoy the lovely smile of Leonar (more)
Jackson Five museum, theme park to be built on Nigerian slave grounds
Filed under: NewsA plan to build a massive, $3 4 billion vacation resort development on the grounds of a slave port on the coast of Nigeria including golf courses, concert halls, casinos and, yes, a museum dedicated to the Jackson Five is meeti (more)
Guess who's coming to dinner
ASPEN The Aspen city government's policy on food purchases is predicated on public perception, yet dozens of employees in recent years have dined at taxpayer expense in high end restaurants all over town (more)
Trinity Universal Insurance completes acquisition of Direct Response
Trinity Universal Insurance, a subsidiary of financial services company Unitrin, has completed its previously announced acquisition of Direct Response Corporation and its subsidiaries in a cash transaction valued at approximately $200 million (more)
Su Lum: Slumming
In a letter to the editor, Elizabeth Milias took me to task for offending her sensibilities with my column about getting my dachshund puppies' toenails clipped (more)
Single mom terrified and disgusted by stench, 'foul-mouthed' guards while l
An Edmonton single mom is still shaken from her 24 hour stay at the Edmonton Remand Centre after being charged for having expired auto insurance and registration (more)
RFTA bus, lost in whiteout, causes Hwy. 82 crash
OLD SNOWMASS A Carbondale man was critically injured Tuesday when the car he was in collided with a bus that was sitting in a wrong lane on Highway 82, authorities said (more)
Akers Joins MaximGroup Benefits Division
League City, Texas based MaximGroup, has added Bruce Akers as senior account executive in the agency's benefits division Akers has worked in the insurance industry for more than 20 years (more)
Travel With a Purpose: National Ability Center
The National Ability Center is a facility conceived with a unique purpose This is where you come to recover from a disability, whether it be physical or cognitive, regardless of your age and background, or where you bring a family member for therapy (more)
GoHealthInsurance.com: GoHealth Insurance Consumer Report: Demand Increasin
CHICAGO, IL (MARKET WIRE) Online health insurance portal, GoHealthInsurance com recently released a consumer report for the month of December in 2008, which found demand for individual health insurance increased at the end of the year (more)
Healthation, Inc.: MercyCare Insurance Company Selects Healthation's Web-Ba
DARIEN, IL (MARKET WIRE) Healthation, a leading healthcare claims and benefits software company, today announced that it has signed a five year Software as a Service Agreement (SaaS) with MercyCare Insurance Company MercyCare will implement AboveHe (more)
Tonight: An eclectic entertainment mix
ASPEN An eclectic mix of live music and speaking engagements highlight Wednesday's entertainment scene in Aspen and the valley (more)
Andy Stone: A Stone's Throw
Years ago, there was an organization whose rallying cry was 'What about the bums and winos?' (more)
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