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

U.S. Eyes WTO Services Pacts Amid Doha Stall

The United States is making a push for a group of countries within the World Trade Organization to start talks to liberalize trade in services, even if big developing countries like China, India and Brazil don’t want to join, U.S. …

Florida Gov. Scott Leads a PIP Rally for Reform

Standing in the rotunda of Florida’s capitol in Tallahassee on Wednesday, Florida officials and business leaders called on state lawmakers to reform the state’s no-fault personal injury protection (PIP) auto insurance law and reduce the costs for drivers and businesses. …

Tougher U.S. Commercial Market Conditions in 2012: Marsh

U.S. commercial insurance rates are expected to climb across many lines of business in 2012, continuing a trend that began in the second half of 2011, according to a report by insurance broker Marsh. Substantial catastrophe losses and reduced investment …

The Politics of Florida PIP: Industry Looks on While Pols Seek Answers

Most agree that Florida’s automobile no-fault personal injury protection (PIP) system needs to be reformed. But in the halls of the state Capitol the struggle over just how to reform the law has exposed how complicated it is to rein …

Travelers CEO: Business Insurance Renewal Price Up 10% in December

Travelers Companies Inc.’s business insurance had renewal premium rate gains of 8 percent for the fourth quarter 2011 and 10 percent for December, said CEO Jay Fishman. He offered his remarks during the company earnings call held yesterday. Travelers has …

Bills Named Colorado Casualty President and CEO

Centennial, Colo.–based Colorado Casualty has named Lucas J. Bills as president and chief executive officer of the commercial lines company, which operates in Arizona, Colorado, Nevada, New Mexico, Utah and Wyoming. Bills joined Colorado Casualty in 2009 as regional vice …

Climate Change Lawsuit in Court in Oregon

A Lane County Circuit Court judge is deciding whether to allow a lawsuit brought by two girls against Gov. John Kitzhaber, accusing him of failing to protect the state’s resources against climate change. Judge Karsten Rasmussen heard arguments Monday and …

Group to Push Idaho Liquor Vote, Grocers Back Off

A grocery lobbying organization won’t advance a liquor privatization ballot measure in 2012, but a second group announced it will seek to get an initiative before voters next November. The Idaho Federation of Reagan Republicans on Monday submitted a citizen’s …

Magnitude-4.7 Shakes Hawaii’s Big Island

A magnitude-4.7 earthquake and several small aftershocks shook Hawaii’s Big Island on Sunday, but there were no reports of injury or damage. The quake struck beneath the south flank of Kilauea volcano in Hawaii Volcanoes National Park at 4:36 p.m. …

Milliman Forms Risk Institute

Seattle, Wash.-based consulting and actuarial firm Milliman Inc. has formed Milliman Risk Institute, designed to provide scientific-based thought leadership to executive management on all facets of enterprise risk. The new risk institute has an advisory board of eight senior risk …