INSURANCE Today for Thursday March 12th, 2009

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California Court Weighs In on Insurance for Environmental Pollution Liabili
The Supreme Court of California has reversed a decision by the state Appeals Court, weighing in on insurance coverage for environmental pollution liability According to court documents in (more)
Dangerous Highways in West Virginia
West Virginia has some of the most dangerous roads and highways in the country (more)
Pinnacle Medical Billing, LLC: Medical Billing Company Creates Billing & Co
MELVILLE, NY (MARKET WIRE) Pinnacle Medical Billing, a new medical billing service provider, launched by one of the most recognized names in No Fault and Worker's Comp medical billing collections services on Long Island, offers relief to doctors pr (more)
American Physicians Service Group, Inc.: American Physicians Service Group,
AUSTIN, TX (MARKET WIRE) American Physicians Service Group, Inc ('APS') (NASDAQ: AMPH) today announced that its Board of Directors had authorized an increase in the APS share repurchase plan of $4 million for future purchases of the outstanding com (more)
No More Cough-Cough: Top Cruise Ships for Nonsmokers, 2009
More than a year and a half after our first ever survey of cruise line smoking regulations, the cruise industry continues to move away from 'Mad Men' style nicotine sophistication and into, well, the 21st century (more)
Standard Life ups cost cutting target
LIFE and pensions giant Standard Life today announced plans to save another £75 million over two years to combat an expected hit to revenues (more)
U.S., China Most at Risk from Natural Disasters Linked to Climate Change
A new study, released by the UK based Maplecroft, has determined that 'the increase in both frequency and severity of climate related disasters is increasingly impacting upon developed and (more)
Mississippi House Passes Ban on Teens Texting While Driving
A bill that has passed the Mississippi House would ban newly licensed teenage drivers from sending text messages from behind the wheel House members pushing for the texting while driving (more)
Florida Officials Searching For Ways to Back Up Hurricane Fund
The state board that oversees the fund designed to pay homeowner claims in the event of a catastrophic hurricane searched this week for ways to reduce its risk with hurricane season only months (more)
Ellsworth Fund Ltd.: Ellsworth Fund Ltd. Releases Monthly Portfolio Data
MORRISTOWN, NJ (MARKET WIRE) Ellsworth Fund Ltd (AMEX: ECF) has released monthly portfolio data for February including asset allocation, quality allocation, representative holdings and other fund characteristics (more)
Mitchell International: CCC-Mitchell Mutually Agree to Terminate Merger
CHICAGO, IL and SAN DIEGO, CA (MARKET WIRE) CCC Information Services Inc , of Chicago, and Mitchell International, Inc , of San Diego, announced today that they will no longer pursue the merger of the two companies (more)
Virginia Court Voids Malpractice Policy Due to Material Misrepresentation
In an unusual case, a federal court in Virginia has found that a law firm's malpractice policy can be voided because a partner failed to disclose to the firm's insurance company that he had (more)
Injured Wyoming Workers, Families Get Workers' Comp Boost
bill increasing benefits for Wyoming workers injured on the job has been signed into law by Gov Dave Freudenthal House Bill 54 addresses workers' compensation rules that have for years (more)
Report: U.S. on Short End of Health Care ?Value Gap?
A report from the Business Roundtable, which represents C E O s of major companies, says America?s health care system has become a liability in a global economy (more)
Former Missouri Gov. Blunt Claims Immunity From Defamation Suit
Attorneys for former Gov Matt Blunt are citing executive privilege while asking an appeals court to dismiss a defamation lawsuit by a former staff lawyer Blunt lost a similar argument before (more)
World Financial Group: Two Pac-10 Student Athletes Awarded 'Living the Drea
DULUTH, GA (MARKET WIRE) World Financial Group President Jack D Linder will present UCLA's Ingrid Kantola and California's Justin Pollard with the Pac 10 Conference's 'Living the Dream' Scholarship, presented by World Financial Group, during the 20 (more)
Employers Hiring Insurance Professionals in Nevada Headquarters
Reno, Nev based Employers has launched an employee recruitment campaign to hire more than 50 professionals at its headquarters The company's national expansion and a recently completed (more)
Willis Moving Into Chicago's Sears Tower, Renaming It Willis Tower
Insurance broker Willis will become a new tenant of Sears Tower, and under an agreement with the building's owners, the Chicago icon and tallest building in the Western Hemisphere will be renamed (more)
Homeowners Choice reports surge in Q4 net income
Homeowners Choice, a provider of homeowners' insurance, has reported a net income of $5 12 million, or $0 71 per diluted share, for the fourth quarter of 2008, compared to $1 41 million, or $0 27 per diluted share, for the same quarter of 2007 (more)
Trillium Software: Harte-Hanks Trillium Software Recognized as Data Discove
BILLERICA, MA (MARKET WIRE) Trillium Software(R), a business of Harte Hanks(R), Inc (NYSE: HHS) and a leading enabler of Total Data Quality(TM) solutions, today announced that Bloor Research has positioned the company as a data discovery and data p (more)
MarketResearch.com: Financial Services Technology Spending Will Decline 3.7
ROCKVILLE, MD (MARKET WIRE) MarketResearch com has announced the addition of TowerGroup's new report 'There Will Be Blood: US Financial Services Trends and IT Spending in 2009 and Beyond,' to their collection of Banking & Financial Services market r (more)
Scott Reid business blog: Today is Standard Life's turn to grab the headlin
DULL would appear to be the new black, or something like that Let's face it, life and pensions has never been the sexiest of businesses (more)
Safety Insurance Q4 net income decreases
The Safety Insurance Group has reported a net income of $11 9 million, or $0 74 per diluted share, for the fourth quarter ended December 31, 2008, compared to $16 9 million, or $1 05 per diluted share, for the comparable period of 2007 (more)
Insurance Specialty Group LLC Acquires Wastepac
Insurance Specialty Group LLC has acquired Wastepac, a provider of insurance coverage to the waste hauling and sanitation industry 'Acquiring Wastepac's expertise in this highly specialized (more)
Riverport Insurance appoints new president
WR Berkley has appointed Douglass Pfeifer as president of the Riverport Insurance Company, a member company of WR Berkley Mr Pfeifer succeeds Kenneth Hopkins, who will remain on Riverport's board of directors and as president of the Berkley Risk Adm (more)
Florida CFO Sink: 4 Steps to Reduce State's Hurricane Exposure
Citing the high level of catastrophic risk exposure Florida faces, Chief Financial Officer Alex Sink today suggested guidelines for the Legislature to follow in working to reduce the state's (more)
PennantPark Investment Corporation: PennantPark Investment Corporation Anno
NEW YORK, NY (MARKET WIRE) PennantPark Investment Corporation (the 'Company') (NASDAQ: PNNT) declares its second fiscal quarter 2009 distribution of $0 24 per share, payable on April 1, 2009 to stockholders of record as of March 24, 2009 Distributi (more)
Pink slip relief in Vermont
Filed under: Activism, Hotels and Accommodations, Travel DealsThe Rabbit Hill Inn in Lower Waterford, VT is willing to share your pain If you or your spouse has been unemployed for more than six months, send your story to Leslie and Brian Mulcahy (more)
A Birthday Celebration Turns Tragic
After a night of heavy drinking to celebrate her 21st birthday, Amanda Jax died in a friend's bed in Mankato, Minn (more)
The RoomPlace implements 'What's Next' in furniture with new
The RoomPlace implements 'What's Next' in furniture with new ad campaign: (more)
Cuba door cracks slightly
Filed under: Activism, North America, Cuba, NewsPresident Barack Obama has announced that restrictions on travel to Cuba are about to become looser But, it's not time for cigar smokers across the United States begin to rejoice yet So far, the measu (more)
Galley Gossip: Lost in first class
Filed under: Galley Gossip It was dark in the cabin, the seat belt sign was on, passengers were watching the in flight movie, and we, the crew, stood in the coach galley talking about oh I don't remember, but I do remember we were flying from Los A (more)
Through the Gadling Lens: try not to focus
Filed under: Arts and Culture, Learning, PhotosThere can be no doubt that a really lovely, crisp image with a sharp focus can make a shot and in truth, focus can be one of the easiest technical aspects of a photograph that can be learned and contr (more)
Salmonella Recall Could Cost Peanut Producers $1 Billion
The effects of the widespread peanut butter recall could cost rural America's peanut producers $1 billion in lost production and sales, according to testimony at a House subcommittee (more)
RLI names new senior vice president of risk services
RLI, a specialty insurance company, has promoted Craig Kliethermes to the position of senior vice president of risk services (more)
Photo of the Day (3.12.09)
Filed under: Photo of the DayToday's photo of the day comes from Willy Volk at Lake Worth, Florida So often when I'm browsing through Flickr, I'll see a picture like this and exclaim, 'why didn't I think of this?!' Clicking on the metadata to Willy' (more)
London Summit Set to Include Climate Change Talks
A summit meeting on the financial crisis in London next month will tackle the issue of climate change, which the U N chief had planned to make the focus of a separate gathering in New York, (more)
SMA Names Furtado as Partner
Boston based insurance industry analysis firm SMA Inc has named Karen Furtado as partner Furtado has more than 25 years of technical and business experience within the insurance industry, (more)
Halifax to cut mortgage sales staff numbers
HALIFAX is cutting its mortgage sales force by almost a fifth over the coming weeks due to the 'significant fall' in the number of housing transaction' (more)
The Best Places to View Wildlife
Filed under: Africa, North America, South America, South Africa, Tanzania, United States, Ecuador, EcotourismYesterday we posted an article with the top places to view penguins in the world Here are five more amazing places to view wildlife from aro (more)
Coastal Insurance Legislation Facing Test in Alabama
Coastal insurance bills face a test in the Alabama Legislature The House and Senate Banking and Insurance committees met in joint session on Wednesday to take up legislation aimed at providing (more)
Cockpit Chronicles: Groundhog day - The St. Thomas turn (with video)
Filed under: The Cockpit ChroniclesOne of the benefits of working as an airline crewmember, whether it be as a pilot or flight attendant, is the chance to get to know a city in a manner that's second only to living there But when we're given the opt (more)
Arizona House Committee Considers Mandatory Auto Insurance Amendment
The Arizona House Banking and Insurance Committee is evaluating a bill that would make changes to the state's mandatory vehicle insurance requirements According to bill text, in November 1997, (more)
Symbility Solutions Inc. and Automated Benefits Corp.: Symbility Solutions
TORONTO, ONTARIO (MARKET WIRE) Symbility Solutions Inc , a wholly owned subsidiary of Automated Benefits Corp (TSX VENTURE: AUT), has signed a five year contract with the Chubb Group of Insurance Companies of Warren, New Jersey (more)
Crime Victims' Compensation Claims Reviewed in North Carolina
A North Carolina commission may pay out about $1 4 million to reimburse crime victims for out of pocket expenses they incurred related to crimes committed against them The Crime Victims (more)
Study: General Liability Losses, Expenses Likely to Rise Rapidly
The general liability line of insurance has produced industry wide combined ratios below 100 percent for the past two years, but this profitable underwriting performance is unlikely to continue, (more)
A Portrait of Rhode Island, as the Governor Paints It
To the Editor: (more)
S&P to Review Sompo, NIPPONKOA Ratings on Merger Plans
Standard & Poor's Ratings Services has said that a management consolidation plan between Sompo Japan Insurance Inc (AA Stable ) and NIPPONKOA Insurance Co Ltd (A+ Stable ) could impact its (more)
Best Affirms Allianz SE and Subsidiaries 'A+' Ratings
A M Best Co has affirmed the financial strength rating (FSR) of 'A+' (Superior) and the issuer credit rating (ICR) of 'aa' of Germany's Allianz Societas Europaea (Allianz SE) and its main (more)
New Orleans-Based Insurance Agency Opens Houston Office
Independent insurance agency Gillis, Ellis & Baker Inc , headquartered in New Orleans, has opened a new office in Houston under the name of Gillis, Ellis & Baker of Texas PLLC 'We have (more)
Bury a sardine for Lent: A tradition across Spain
Filed under: Arts and Culture, History, Festivals and Events, Stories, Spain, VideoBefore today, I knew of only one other celebration centered on a fish During the Walleye Drop on New Year's Eve in Port Clinton, Ohio, townsfolk drop a walleye Not a (more)
CCC-Mitchell Cancel Merger After Court Grants Injunction Sought By FTC
The United States District Court for the District of Columbia has granted the Federal Trade Commission's request for a preliminary injunction enjoining CCC Information Services Inc 's merger with (more)
FSAI: First Service Administrators Appoints Sheila Schweitzer, CEO of CareM
LAKELAND, FL (MARKET WIRE) First Service Administrators, Inc (FSAI), a premier, full service third party benefits administrator, announced the appointment of Sheila Schweitzer to its Board of Directors Schweitzer is Chairperson and CEO of CareMedi (more)
MarketResearch.com: 10 Trends That Will Shape Financial Services in 2009
ROCKVILLE, MD (MARKET WIRE) MarketResearch com has announced the addition of Javelin Strategy & Research's new report '10 Trends That Will Shape Financial Services in 2009,' to their collection of Banking & Financial Services market reports For mo (more)
Hannover Ruck: Hannover Re enters the new financial year in optimistic mood
HANNOVER, GERMANY (MARKET WIRE) (more)
The sky is falling!: Nope, it's just plane parts
Filed under: Airlines, Transportation, Airports, NewsImagine this You're going about your busy day without much thought about what's going on above your head and then Bam! There's a bit of an explosion and pieces of metal start falling, some the siz (more)
Obama listens to travel industry gripes
Filed under: Business, North America, United StatesLeaders from across the travel industry met with President Barack Obama today to discuss not a bailout It's no secret that luxury suffers when times are tough, and for many, any form of travel i (more)
Obama on Spot Over a Benefit to Gay Couples
President Obama must decide whether to provide health insurance to same sex partners of federal employees (more)
Another Increase in Initial Jobless Claims
As initial claims grew, total jobless benefit rolls reached a record, the government said (more)
Iowa Gets $11 Million Flood Relief
Iowa has been awarded nearly $11 million in federal floods for flood recovery The grants from the Federal Emergency Management Agency are to help with rebuilding projects at the University of (more)
Insurance Fraud by Telemarketers Targeted in Texas
The chairman of the Texas Committee on Insurance Fraud says telemarketers continue to harass the victims of auto accidents whether they have been injured or not The group is endorsing a bill (more)
National Business Group on Health: National Business Group on Health Honors
WASHINGTON, DC (MARKET WIRE) The National Business Group on Health (NBGH), a non profit association of more than 300 mostly large employers, today announced the winners of its 2009 Award for Excellence and Innovation in Value Purchasing recognizing (more)
Frommers.com Cruise Deals for the Week of March 12, 2009
Half off on kids who cruise Disney, two for one deals from Regent Seven Seas, and a fleet of special operators from the top cruise travel agencies (more)
Marsh Boosts EMEA Market Relationship Management Team
Marsh announced two new appointments in its Market Relationship Management team (MRM), who will be based in London, and will focus on managing Marsh's market relationships in Europe, the Middle (more)
North Dakota Blue Cross CEO Fired Over Caribbean Retreat
Blue Cross Blue Shield of North Dakota has fired its president and chief executive officer after coming under fire for a Caribbean retreat attended by more than 30 sales employees and (more)
Bancroft Fund Ltd.: Bancroft Fund Ltd. Releases Monthly Portfolio Data
MORRISTOWN, NJ (MARKET WIRE) Bancroft Fund Ltd (AMEX: BCV) has released monthly portfolio data for February including asset allocation, quality allocation, representative holdings and other fund characteristics (more)
Man sues American Airlines for revoking his lifetime travel pass
Filed under: AirlinesA man from Chicago is suing American Airlines for $7 million after the airline allegedly revoked his lifetime travel pass back in December Steven Rothstein paid $250,000 back in 1987 for lifetime, first class travel aboard AA and (more)
What Does it Really Cost to Take a Cruise?
The cruise lines are coming up with more and more ways for you to spend your money once on board Here's what you'll really spend for that bargain cruise of your dreams (more)
Stephens Insurance Hires Commercial Insurance Team from Regions
Arkansas based independent insurance agency Stephens Insurance LLC has added eight insurance professionals to its commercial insurance services team in Little Rock The eight member team hails (more)
Travel Read: The Lost City of Z
Filed under: Arts and Culture, History, Learning, Stories, South America, United States, Bolivia, Brazil, BooksIf you've ever wondered whether an ancient civilization existed in the depths of the Amazon jungle in Brazil, then David Grann's quest to u (more)
Chubb Group of Insurance Companies: Layoffs Leave Law Firms Vulnerable to E
HOUSTON, TX (MARKET WIRE) 'Even law firms are not immune to employment practices liability suits especially as they now are forced to lay off employees to cope with the economic downturn,' an insurance executive told a group of managing attorneys (more)
Happy Holi: Another version of India than Slumdog Millionaire's
Filed under: Arts and Culture, Festivals and Events, Blogs, India, VideoAs the big win of Slumdog Millionaire has moved out of the top story category, here's another version of India, one that I experienced, but without all the choreography and singi (more)
Report: Japanese Insurers Sompo, NipponKoa to Merge
Japanese non life insurers Sompo Japan Insurance and NipponKoa Insurance plan to merge, an industry source said, in the second deal in less than two months in a sector struggling with slumping (more)
Retired Pennsylvania Judge Gets 46 Months in Jail for Fraud
A retired Pennsylvania Superior Court judge was sentenced to three years, 10 months in prison Tuesday for falsely collecting $440,000 from insurance companies after being injured in a slow speed (more)
Will the Stimulus' 'Second Chance' COBRA Election Period Cover Those Who El
The American Recovery & Reinvestment Act helps unemployed people with their COBRA payments in two ways: it subsidizes 65% of their payments, and because this lower price makes it affordable for many who couldn't before, it allows people who didn' (more)
Standard Life earns award
STANDARD Life Wealth, the Discretionary Investment Management business of Standard Life, has won the award for Investment Product or Service Innovation at the Private Asset Ma (more)
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