Monthly Archives: <span>January 2013</span>

Insurance Institute for Highway Safety in Va. Plans $30M Expansion

The Insurance Institute for Highway Safety is planning a $30 million expansion at its Ruckersville campus. Chief administrative officer Joe Nolan tells The Daily Progress that the project includes a new, larger outdoor test track and a new indoor test …

Father Sues Central California County Over Death Of Son

A father suing Fresno County claims social workers in the central California region didn’t protect his 10-year-old son who was killed by his mother’s boyfriend. Trial begins Tuesday in Joseph Hudson’s civil suit claiming Child Protective Services workers knew boyfriend …

Match.Com Calls Vegas Woman’s Lawsuit ‘Absurd’

An online dating service says a Las Vegas woman has no legal basis for her lawsuit seeking $10 million after she was matched with a man who hid in her garage and brutally attacked her. Mary Kay Beckman filed suit …

Ex-Stanford Executive Gets 5 Years in $7B Swindle

The star prosecution witness in the trial of convicted Texas financier R. Allen Stanford was sentenced Tuesday to five years in prison for helping to bilk investors out of more than $7 billion in one of the biggest Ponzi schemes …

Insurance Journal Co-Sponsors Agency Research Project

Channel Harvest Research, in partnership with Insurance Journal, has launched a major new study in the independent agency system, probing agents’ attitudes toward insurance carrier relationships and, in particular, the companies they represent. The research is aimed at providing carriers …

Tennessee to Issue Real ID Secure Driver’s Licenses

Three Tennessee counties will begin issuing secure driver’s licenses this spring in an effort to crack down on fraud. The Chattanooga Times Free Press reported that the new process for licenses is being piloted at the Hamilton County Clerk’s office, …

New NAIC CEO Nelson: ‘No Need for Dual Regulation’

The new CEO of the National Association of Insurance Commissioners (NAIC) says there is a limited role for the federal government in insurance in partnership with state regulators but there is “no need for dual regulation.” Ben Nelson, former U.S. …

P/C Insurers See ORSA Value to Their Business: Survey

Many property/casualty insurers are beginning to implement pending Own Risk and Solvency Assessment (ORSA) regulatory requirements in advance of their 2015 effective date and finding the process can be a valuable business tool. Those developing ORSA-like processes even include insurers …

Travelers Insurance Finds Customers Stay Despite Rising Prices

Travelers Cos. Inc.’s quarterly profit handily beat Wall Street expectations as it charged more for insurance coverage while holding on to its customers, sending its shares up as much as 5 percent to an all-time high. Travelers, a Dow Jones …

UK Prime Minister Cameron Promises Britons Straight Choice on EU Exit

Prime Minister David Cameron promised on Wednesday to give Britons a referendum choice on whether to stay in the European Union or leave if he wins an election in 2015, placing a question mark over Britain’s membership for years. Cameron …