Monthly Archives: <span>October 2012</span>

W.R. Berkley Posts $101M Q3 Profit; Rates on Renewed Policies Up 7%

Commercial lines insurer W.R. Berkley Corp. reported $100.95 million net profit for its third quarter, up 32.1 percent from $76.41 million reported during the same period one year ago. The Greenwich, Conn.-based insurer said its quarterly results benefited from “significant …

City, Fire Officials in Kansas and Missouri: Sky Lanterns Are Dangerous

Some municipal officials in Missouri and Kansas want to permanently ground lanterns that float through the night sky, saying they are dangerous balls of fire that could spark blazes when they land. The lanterns have become popular for holidays and …

Lawsuit: New Mexico Agency Hurt Disabled Clients

A Clovis, N.M.-based nonprofit organization dedicated to “enhancing the lives of people with disabilities” is facing a lawsuit from clients for neglect and exploitation. The Albuquerque Journal reported that a recently filed lawsuit alleges that the organization Eastern New Mexico …

Safety Experts Say Kansas Graduated License Working

A graduated driver’s license law in Kansas that went into effect in January 2010 has helped sharply reduce the number of accidents involving teenage drivers, safety experts said, as younger drivers are getting more practice before being turned free on …

8 Lessons to Learn from the Upcoming Presidential Election

The 2012 presidential election is coming up quickly and the media is outputting endless stories, videos, tweets and more about it. Pay attention to the ads and the action to pick up some interesting lessons you can apply to your …

Florida Approves More Policy Takeouts at Citizens; Also OKs Commercial Rate Hikes

Florida regulators announced that two property insurance companies have been approved to take out up to 100,000 policies from the state-backed insurer in December, adding to the 210,000 policies already slated for removal in November. State regulators also approved the …

Tropical Storm Sandy on Track to Become Hurricane

Late Monday, Sandy became the eighteenth named storm of the 2012 Atlantic hurricane season. According to the National Hurricane Center, Sandy is expected to strengthen during the next 24 hours and become a hurricane on Wednesday– before reaching Jamaica. The …

Hiscox Names Dixon to Head Catastrophe Research; Adds 2 Reinsurance Trainees

London-based Hiscox has appointed Dr. Richard Dixon as its group head of Catastrophe Research. In addition, Hiscox expanded its London market reinsurance team with the recruitment of Jonathan Lord and Nick Orton as trainee underwriters for non-marine treaty business in …

Aon Sponsoring NFL Move to Expand American Football in UK

Insurance broker Aon has signed up as an official sponsor of the National Football League’s program to expand American football into the United Kingdom. In addition to being an official sponsor of the NFL UK, Aon will also sponsor the …

Drop in Somali Piracy Attacks Reported; Violence Up in Gulf of Guinea

The number of ships signaling attacks by Somali pirates has fallen this year to its lowest since 2009, according to a report from the International Chamber of Commerce International Maritime Bureau (IMB). However, the IMB is warning seafarers to remain …