Yearly Archives: <span>2012</span>

Atlantic Hurricane Season Begins

It’s that time of the year again. The 2012 Atlantic hurricane season officially got underway on June 1. So far, forecasters are saying this will be a less-active-than-usual North Atlantic hurricane season. And insurers and reinsurers are keeping their fingers …

Declarations – East

Don’t Frack Vermont “I hope other states will follow us.” —Vermont Gov. Peter Shumlin on banning hydraulic fracturing in the state. On May 16, Vermont became the first state in the U.S. to ban fracking. The move is largely symbolic, …

N.Y. Comp Insurance Rating Board Seeks 11.5% Rate Hike

The New York Compensation Insurance Rating Board (NYCIRB) submitted to the Department of Financial Services on May 17 a loss-cost filing for an overall average loss cost change of +11.5 percent. The change in loss cost represents the anticipated cost …

Business Moves – East

W.R. Berkley Greenwich, Conn.-headquartered W. R. Berkley Corp. announced that it formed a new marine division of its Berkley Offshore Underwriting Managers operating unit. Through its New York office, Berkley Offshore will underwrite a full spectrum of marine hull and …

Kentucky Program Aims to Catch Uninsured Drivers

Kentucky drivers could see their car registrations cancelled and they could be charged with insurance fraud if they are found to be operating a vehicle without the proper insurance. Under current law, Kentucky drivers must show proof of insurance when …

Leveraging Online Content: How to Position Yourself as an Industry Expert

When it comes to career development in any industry, education and experience alone might not be enough. The key to improving your position within any field lies in your ability to communicate your knowledge base and publicly establish your authority. …

People – South Central

Richard Knabb, the tropical weather expert at The Weather Channel, will be the next chief of the National Hurricane Center. Knabb started working at the hurricane center in 2001. He was a senior hurricane specialist at the center from 2005 …

Court Rules for Michigan Ski Resort in Lawsuit over Halfpipe

A skier who had a bone-crushing fall on the halfpipe at Boyne Mountain has lost a lawsuit that challenged whether the Michigan ski resort had adequately marked the pipe. A judge in Charlevoix County had declined to dismiss the case …

Tennessee Cracks Down on Roofing Contractor Fraud

Roofing contractors operating in Tennessee will have to provide residents whose homes are damaged due to tornadoes and other storms with more information about their company and about their rights to cancel contracts under a new law. Gov. Bill Haslam …

Report: Little Progress in Reducing Motorcyclist Deaths

Last year saw little to no progress in reducing the number of fatal motorcycle crashes around the country, even though roadway fatalities are declining overall. The Governors Highway Safety Association reported that motorcycle fatalities remained at about 4,500 in 2011 …