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April 2012
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The Latest Evidence of a Hardening P&C Market

by Insurance Networking News - May 01,2012

Record-setting catastrophe losses from 2011 are contributing to a hardening property/casualty market, according to the latest market update from Lockton. The 2012 Lockton Market Update predicts that CFOs and risk managers are going to face a difficult pricing environment ... [full story]

Most Workers Lack Disability Insurance, Survey Finds

by The New York Times - May 01,2012

Two-thirds of Americans who work in the private sector lack disability insurance, even though most workers say missing work for three months or more because of sickness or injury would cause “financial hardship,” a new survey finds. The survey ... [full story]

U.S. ban sought on cell phone use while driving

by Reuters - Apr 30,2012

SAN ANTONIO (Reuters) - U.S. Transportation Secretary Ray LaHood called on Thursday for a federal law to ban talking on a cell phone or texting while driving any type of vehicle on any road in the country. Tough federal ... [full story]

Florida Citizens eyes bumper catastrophe bond

by Reuters - Apr 30,2012

LONDON (Reuters) - The state-backed Florida Citizens Property Insurance Corporation is set to raise $750 million of hurricane protection through a sale of catastrophe bonds, more than three times the original target, market sources said. The bond, issued through ... [full story]

Feds prepare for another busy US fire season

by Star Tribune - Apr 29,2012

TIJERAS, N.M. - More than 100 large fires have swept across parts of the nation already this year, and the head of the U.S. Forest Service said Thursday the rest of the 2012 fire season is expected to be just ... [full story]

Short-term health insurance's limits noted

by UPI.com - Apr 29,2012

ST. PAUL, Minn. (UPI) -- Short-term health insurance policies are better than no coverage but people should be aware of their limitations, Minnesota's attorney general says. "Before you buy such a policy, keep in mind the policy is temporary. ... [full story]

Fewer storms forecast for 2012 Atlantic hurricane season

by Reuters - Apr 28,2012

MIAMI (Reuters) - The 2012 Atlantic hurricane season is projected to be less active than in recent years with 11 tropical storms, six of which will intensify into hurricanes, U.S. private forecaster Weather Services International said on Wednesday. Two ... [full story]

FEMA warns Congress clock is ticking on flood insurance program

by The Hill - Apr 26,2012

The Federal Emergency Management Agency on Wednesday stepped up pressure on Congress to reauthorize the National Flood Insurance Program (NFIP). The program is set to expire at the end of May, and FEMA warned that after that time NFIP ... [full story]

Teen girls take more risks behind wheel, study finds

by CNN.com - Apr 25,2012

(CNN) -- A new study suggests that teen girls are far more likely than boys to engage in distracted driving behavior. "There's a remarkable difference between boys and girls when it comes to distracting driving habits. In almost every ... [full story]

MetLife reaches $40 million settlement with Florida regulators

by Tampa Bay Biz Journal - Apr 25,2012

State officials have a $40 million settlement with nine Metropolitan Life insurance companies regarding the location of life and annuity beneficiaries and the reporting of unclaimed property. The settlement could result in a return of more than $9 million ... [full story]

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