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

More Survivors Join Suit in Deadly Oregon Bus Crash

The legal problems are piling up for the Canadian tour company whose bus crashed on an icy highway in Eastern Oregon last month, killing nine passengers and injuring almost 40. An attorney who filed a lawsuit in Tacoma, Wash., on …

Change Forecast for Blizzard of Winter Weather Terms

Ever hit a mental whiteout pondering the difference between a winter storm watch and winter weather advisory? The National Weather Service is looking at the idea that less is more when it comes to such jargon. This winter, the federal …

Standards Organizations ACORD, DISA to Merge

ACORD, the nonprofit global data standards organization for the insurance industry, and DISA, the organization for development of healthcare and cross-industry e-commerce business interchange standards, said that the two organizations will consolidate under the ACORD banner. “This merger allows us …

Utica National’s Robinson Elected Chairman of I.I.I.

J. Douglas Robinson, chairman of the board and chief executive officer of the Utica National Insurance Group, has been elected 2013 chairman of the Insurance Information Institute (I.I.I.). He succeeds Gregory Ator, president, CEO and chairman, Bituminous Insurance Companies.The I.I.I. …

Ratings: Southern General/GreenStar, Fairfield, Community Mutual, Wisconsin County

A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B’ (Fair) from ‘B++’ (Good) and the issuer credit ratings (ICR) to “bb+” from “bbb” of Southern General Insurance Company (SGIC) and GreenStar Insurance Company, an affiliate of SGIC, …

Florida Audit Says Citizens’ Travel Expenses Excessive; Governor Orders Reform

A review by Florida’s chief inspector general contends that employees at the state-created Citizens Property Insurance racked up excessive travel expenses over an eight-month period. Florida Gov. Rick Scott ordered a review of expenses at the insurer following a report …

A Future Without the Terrorism Insurance Backstop?

The federal backstop that is widely credited with establishing today’s robust terrorism insurance market may be gone in just 24 months. The consequences could be severe, from reduced availability of coverage to increased premiums. The impact would be particularly acute …

Florida Facing $300M Fine Over Health Insurance for Part-Time Employees

It turns out that the state of Florida has yet another major decision to make in the next few months when it comes to the federal healthcare overhaul. The state may be forced to make sweeping changes to its health …

U.S. Issues Mine Safety Rule on Patterns of Violations

Labor Secretary of Labor Hilda L. Solis announced a final rule to strengthen safety in the nation’s most dangerous mines. Solis said that the rule, which revises the Mine Safety and Health Administration’s pattern of violations regulation, seeks to ensure …

No Relief In Sight for Drought-Stricken Plains States

Dry weather should continue through at least the end of January in the drought-stricken U.S. Plains and a blast of Arctic cold air in the Midwest early next week poses a threat to unprotected livestock and possibly some wheat, an …