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

Report Finds Indiana Average In Crisis Readiness

Deadly disease outbreaks, vaccination shortages and massive tornadoes are all scary thoughts. The question is: Is Indiana prepared for them? Yes – but only to a point. The state scores a 5 out of 10 on a preparedness scale for …

North Dakota Is Nation’s Fastest-Growing State Since 2011

North Dakota’s total population climbed by 2.17 percent between July 1, 2011, and July 1, 2012. This is the fastest growth of any state, and nearly three times faster than the nation as a whole, according to Census Bureau state …

North Dakota DUI Bill Would Require Jail Time For 1st Offense

State officials say a plan for tougher drunken driving legislation would make North Dakota one of 15 states to require jail time for first-time offenders. The proposal follows pleas for stiffer DUI penalties after a wrong-way crash in July that …

Attorneys Discuss Liability Insurance Coverage for Sandy Litigation

Homeowners, businesses, and municipalities in the tri-state area continue to rebuild and rebound from Superstorm Sandy. Often, large-scale devastation and destruction are followed by lawsuits against individuals and entities allegedly responsible for protecting, managing, and maintaining the damaged buildings. A …

Progressive Releases Terms for Usage-Based Insurance Licensing Program

Progressive Insurance is making the intellectual property it owns available to companies interested in implementing usage-based insurance (UBI) programs under a new licensing program. Progressive said licensing may be available for UBI programs under the following terms: Term of Agreement: …

Lawsuits Cast Darker Shadow Over Banks Than Libor Fines

While banks appear to be brushing off record fines for rigging interbank interest rates, investors are starting to worry about a rising tide of civil lawsuits from disgruntled customers. UBS shares touched 18 month highs after U.S., Swiss and British …

Art Insurers Face Record Loss from Superstorm Sandy

Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners of artwork destroyed when Superstorm Sandy flooded galleries in New York. Work by 1960s graphic artist and illustrator Peter Max …

Ratings Roundup: Indiana Lumbermens Mutual, Noble

A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Indiana Lumbermens Mutual Insurance Company and its reinsured subsidiaries, Lone Star National Insurance Company and National Building Material Assurance Company. All …

Ratings Recap: Echelon, Nationale Suisse, MAPFRE Global Risks/Empresas

A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Echelon General Insurance Company, as well as the ICR of “bb+” of Echelon’s publicly traded parent, EGI Financial Holdings Inc. …

UK’s Met Office Sees 2013 as Likely to be One of Warmest on Record

Global temperatures are forecast to be 0.57 degrees [1.026°F] above the long-term average next year, making 2013 one of the warmest years on record, Britain’s Met Office, the UK’s national weather service, said on Thursday. “It is very likely that …