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May 2009
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Hurricane Coverage Seen Shaky For Offshore Rigs, Refineries

by National Underwriter - Jun 01,2009

Offshore energy operations are facing Monday’s hurricane season start with big coverage problems including deep cuts in capacity and huge premium increases, an insurance broker said. Bertil Olsson, energy leader for Marsh’s U.S. Energy, Mining and Power Practice, said during a ... [full story]

Economic conditions for commercial insurers improving

by - Jun 01,2009

There are signs that business conditions for U.S. commercial lines insurers are improving, though a full-scale economic turnaround “is still a long way off,” Standard & Poor's Corp. said in a Thursday report. Separately the rating agency said U.S. and Bermuda ... [full story]

Smaller Cars Earn Top Marks in Safety Tests

by The New York Times - Jun 01,2009

A study of car safety released on Wednesday shows that four of the top-scoring automobiles in tests of five new models were small cars or so-called super-minis — including the Honda Jazz, Hyundai i20, Kia Soul and Peugeot 3008. The ... [full story]

Most coastal residents unprepared for hurricanes

by - Jun 01,2009

Hurricanes may flood entire cities, rip off roofs and level trees every year, but when it comes to overcoming public apathy, they're stunningly powerless. Two-thirds of residents in Florida and other coastal states feel no threat from storms. More than ... [full story]

Texters do it while driving

by BizReport - May 29,2009

The study, Consumer Mobile Messaging Habits Report, finds that Tennessee drivers are most likely to be found texting and driving (42% text and drive), while drivers in Arizona are least likely to be found texting and driving (18%). There are ... [full story]

Northeast U.S. cities at risk due to rising sea levels

by - May 29,2009

WASHINGTON — Drip, drip, drip come the studies one after another, reinforcing the threat to the Northeast from rising sea levels along the U.S. and Canadian east coast. If Greenland's ice melts at moderate to high rates, ocean circulation by 2100 ... [full story]

Coalition Aims To Fight U.S. Cat Insurance Pool Proposal

by National Underwriter - May 29,2009

A coalition of environmental and conservative groups, backed by a consortium of insurance interests, says it will fight legislation to create a federal catastrophe insurance pool. An official from the Sierra Club and a member of the conservative public policy think ... [full story]

Mortgage insurers face worse-than-expected

by Reuters - May 29,2009

NEW YORK, May 27 (Reuters) - U.S. mortgage insurers remain on track for a difficult second half with operating results across the sector likely to be a lot weaker than expected, Standard & Poor's said on Wednesday. The agency downgraded the ... [full story]

A Surgical Approach to Regulatory Reform

by Insurance Networking News - May 28,2009

Given the enormity of the financial crisis, a predisposition toward bold legislative action among lawmakers seems natural. Yet, a measured, surgical response that takes into account the peculiarities of insurance while recognizing its central place in the financial services industry ... [full story]

Transportation Rates Continue To Flatten

by National Underwriter - May 28,2009

Rates in the transportation insurance segment continued to level off through the 2009 first quarter, even as the number of new entrants increased, according to a new survey. That finding came from a poll by Woodbridge, N.J.-based NIP Group, a specialty ... [full story]

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