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The Underwriter's Insider - Vol 6 Issue 1


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---- BREAKING NEWS -----

State Farm to halt property insurance - Charlie Crist exhibits false bravado...The Florida Insurance Council put the onus on the state Legislature for failing to address ways to keep the Florida Hurricane Catastrophe Fund more stable ...

PEW: Almost half of Americans want to live somewhere else... Living in Las Vegas appeals more to men than women. Affluent adults are twice as likely as poorer folks to want to live in Boston. Young people like big cities such as New York and Los Angeles.

North Carolina Arrests Seventh Suspect in Alleged Car Insurance Scam...North Carolina Insurance Commissioner Wayne Goodwin reported the arrest this week of another Eastern North Carolina resident for his part in what Department ...

FCC Commissioner warns of 'stealth' Fairness Doctrine; Measure could be 'rebranded'...FCC commissioner Robert McDowell had a message for Democrats, or anyone else contemplating trying to reimpose the fairness doctrine: The move could undermine the justification for existing localism and children's TV regulations, and could be used against public radio

State Farm lowers Tennessee rate level...State Farm Mutual Automobile Insurance Co. today announced it is lowering its overall rate level in Tennessee an average of 0.5 percent effective Feb. 23. ...

Judgment Day:'Blagojevich: I did nothing wrong'... Gov. Rod Blagojevich appeared at his impeachment trial yesterday and asked senators how they can vote him out of office based on criminal charges that haven't been proven.

As State Farm and others leave, consumers will lose...A report by Georgia State University economists Martin F. Grace and Robert W. Klein showed that during a 15-year period, Florida insurers have been ...

Limbaugh: My Bipartisan Stimulus...the average recovery will last six years. Recessions will end on their own if they're left alone. What can make the recession worse is the wrong kind of government intervention.

Americans receiving jobless benefits hits record... The Labor Department reported that the number of Americans continuing to claim unemployment insurance for the week ending Jan. 17 was a seasonally adjusted 4.78 million, the highest on records dating back to 1967.

Small, High-End Insurer Courts NC Coastal Homeowners...Scott Edwards, 63 years old, a retired banker who owns homes in North and South Carolina, said that he switched to PURE insurance in 2008 from an excess and ...

Al Gore (The Goracle) mezmorized lawmakers who asked: 'How long are we going to be around as a species?'...John Kerry (D-Mass.), appealed to hear more of the Goracle's premonitions. "Share with us, if you would, sort of the immediate vision that you see in this transformative process as we move to this new economy," he beseeched.

WEATHER CHANNEL founder warns of 'dramatic turn toward colder climate'... How did we ever get to this point where bad science is driving big government we have to struggle so to stop it?

AAA offering ‘package policy’ for insurance...... Club Insurance Company of Florida has features like no deductible for accidents in which another part is identified at being at-fault and no deductible ...

  1. SHELL Posts First Loss in 10 Years on Oil Price Drop... Europe’s largest oil company, posted its first quarterly loss in 10 years following a record plunge in oil prices, and warned that industry conditions “remain challenging.”

Smaller cars can mean higher insurance rates...But even before gas prices dropped to the $1.60 range in November; those new small-car buyers discovered a hitch in their plan to save money: insurance ...

• Bush Gets Prolonged Standing Ovation at Basketball Game...entered several minutes before the opening tip, flanking Lady Bears coach Kim Mulkey, and received a prolonged standing ovation from the fans at the Ferrell Center.

Pay-as-you drive insurance gaining steam...With 3.2 million policyholders, State Farm is the largest provider of auto insurance in California. Bill Sirola, a spokesman for State Farm, said there are ...

DEAR AHMADINEJAD: OBAMA DRAFTS LETTER TO IRAN... Officials of Barack Obama's administration have drafted a letter to Iran from the president aimed at unfreezing US-Iranian relations and opening the way for face-to-face talks, the Guardian has learned.

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Georgia Governor Seeks Limits on Biotech Lawsuits to Attract Firms...Georgia Governor Sonny Perdue is proposing tort reform legislation intended to protect Georgia-based biotech companies from product liability claims. ...

DR. EVIL - (GEORGE SOROS) EYES 'GLOBAL RESCUE PLAN'...In the past, whenever the financial system came close to a breakdown, the authorities rode to the rescue and prevented it from going over the brink.

Obama picks legal counsel on economy — an insurance executive who ...He may be a great lawyer, but he has to be walled off from insurance decision-making, and I assume he will be, based on Obama's statements," said Robert ...

COLD: Life goes on around body found in vacant warehouse..."He's encased in ice, except his legs, which are sticking out like Popsicle sticks," the caller phoned to tell this reporter.

Allstate Posts $1.1 Billion Loss, Cuts 1000 Jobs...“They’re doing all right when it comes to the insurance business. It’s the investments that have been a worry.” The insurer slipped $3.14 to $26.50 at 4:17 ...

Guantanamo judge refuses Obama's request for delay...The chief judge for the Guantanamo war crimes court on Thursday refused President Barack Obama's request to delay court proceedings against a prisoner charged with plotting an attack that killed 17 U.S. sailors.

SC has fewer uninsured motorists than a decade ago, study finds...In the new study, South Carolina had the 38th-highest rate of uninsured motorists in the nation. In 1997, the Palmetto State ranked third. ...

Bill Clinton made millions from foreign sources...... from the ING North America Insurance Corp., $125000 from the Rodman and Renshaw Capital Group and $100000 from the Hollywood Radio and Television Society.

Commissioner Reassures: Mississippi's No Florida in Its Insurance ...Commissioner of Insurance Mike Chaney moved to quickly to reassure state leaders and policyholders that no big insurance companies are leaving Mississippi. ...

 Minnesota to expand nanny state to smoking drivers...Minnesota’s DFL legislators will introduce a bill banning smoking in private cars while children ride as passengers.  The bill’s advocates point to the risk

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Kentucky Trial: Insurance Fraud? Or Not?...... the Kentucky Office of Insurance in 2005 opened an investigation into some of the allegations involving Trontz, but found no fault when it closed its ...

GOP holds the line: 244-188. This crap sandwich is all yours, Dems...Own it. Embrace it. Swallow it. The House version of the $1.1 trillion Generational Theft Act of 2009 is all the Democrats’ doing now.

Number Of Uninsured Motorists On the Rise...Experts say the rate of drivers with no insurance grows with the unemployment rate. You can protect yourself from them, but it’ll cost you. ...

Obama celebrates spending binge with cocktails and wagyu steak...Can the Obama administration be anymore tone deaf? After pushing his $1.1 trillion Generational Theft Act of 2009 through the House last night, the White House apparently decided to throw itself a swank cocktail party.

Gun Shows Are Hot in Florida...Victor’s father, Ernie, the first in the business, holds Louisiana’s largest show, in New Orleans, and also stages shows in Alabama and Mississippi. ...

Statement by Fla. Insurance Commissioner Kevin McCarty on State Farm Plan to Stop Offering All Property Insurance in Florida

Superdome Sues FGIC Over 'Worthless' ARS Insurance...The Louisiana Stadium and Exposition District, which owns the Superdome, filed suit against FGIC on Thursday in the US District Court for the Eastern ...

Florida Insurance Commissioner Issues Final Order Denying State Farm Rate Increase... Yeah - that worked out real well Kevin...

GEICO reduces auto insurance rate for Georgia drivers..According to Government Employees Insurance Company (GEICO), the new low rates are expected to increase its policyholder growth in Georgia. ...

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