Mo. Bill Mandates Insurance for Emissions, Inspection Stations
Posted on May 10th, 2012
A Missouri bill that would require inspection stations to carry liability coverage that covers damages to patrons cars when they are checked has moved through two state House committees in recent weeks.
The legislation, backed by the Missouri State Highway Patrol, was spurred by a constituent who lost a car door at an inspection station, according to Sen. Robin Wright-Jones (D-St. Louis), the bills sponsor.
When one of her constituents took her car in for an inspection, “the gentleman at this inspection station lost control, ripped off one of the doors to her car, and he didn’t have insurance to fix her vehicle,” Wright-Jones said in a statement, adding that the woman had to dip into her own liability policy to cover the damages.
SB 504 was passed by the state House Transportation Committee on May 2 and Rules Committee on May 10. It wa
Munich Re : reports return to profit after tsunami blow
Posted on May 7th, 2012
Munich Re announced it had returned to first-quarter profit after a difficult start to 2011 hit by the devastating earthquake and tsunami in Japan.
The group, which posted a consolidated profit of 780 million euros ($1.0 billion) in the first three months compared to a loss of 947 million euros a year earlier, also slightly raised its full-year outlook.
Despite the still difficult economic situation, we are optimistic for 2012 and are aiming for a profit for the year of around 2.5 billion euros, Joerg Schneider, chief financial officer, said in a written statement.
The group said that operating profit came to 1.2 billion euros for January to March slightly below the 1.26 billion euros expected by analysts polled by Dow Jones Newswires.
In morning trading, stocks in Munich Re were down 1.39 per cent to 106.30 euros, with the Dax blue-chip index down 0.72 per cent. Munich Re said at the end of April that it expected first-quarter profits to be gratifying amid a calmer situation on the financial markets and fewer losses than last year.
Berlin, May 8, 2012 (AFP)
Tags: Munich Re, Tsunami
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Texas man pulls gun in fit of road rage
Posted on April 14th, 2012
When tempers flare on the roadways, it doesn’t take much for a dispute to get past the point of no return. Texas authorities recently responded to an incident where a motorist allegedly pulled a gun on another motorist.
According to the Tyler Police Department, authorities received a call Saturday evening from a motorist who said he’d been threatened with a gun by a fellow driver after he allegedly cut him off in traffic. After that, the motorist began following his attacker.
Police say they were able to track down the gun-wielding man, Craig Ashmore, and arrested him for aggravated assault.
While police were able to track Ashmore because the motorist followed him, police say he should have let them handle the situation on their own.
“Don’t take it into your own hands,” said Don Martin, with the Tyler Police Department in an interview with television station KETK.
Tags: Road, Road Rage
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NY Senators Want Crackdown on No-Fault Insurance Scams
Posted on April 10th, 2012
Laws in New York that would make it more difficult for criminals to cash in on the state’s “no-fault” auto insurance system are moving through the state Legislature, with the New York Senate approving a trio of bills this week.
Criminals take advantage of New Yorks no-fault law that requires owners of registered vehicles to carry policies reimbursing drivers and passengers up to $50,000 for accident-related injuries regardless of fault. A Sen
Tags: Insurance
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WHO : tobacco industry is a devious enemy
Posted on March 31st, 2012
World Health Organisation (WHO) chief Margaret Chan on Tuesday decried the tobacco industry as a ruthless and devious enemy and urged governments and civil society groups to unite against cigarette firms.
Speaking at a conference on tobacco and health in Singapore, the WHO director-general slammed cigarette companies for undermining a UN-backed campaign against tobacco use and its associated health risks.
We have an enemy, a ruthless and devious enemy, to unite us, she told delegates.
The enemy, the tobacco industry, has changed its face and its tactics. The wolf is no longer in sheeps clothing, and its teeth are bared. Chan said moves by cigarette firms to challenge the legality of government measures to protect public health amounted to interference in countries domestic affairs.
This is direct interference with a countrys internal affairs. W
Nationwide, Erie Raising Rates for Some Pennsylvanians
Posted on March 12th, 2012
Rate filings made available by the Pennsylvania Insurance Department indicate that many Nationwide and Erie policyholders will be seeing changes in their premiums the next time they go to buy or renew a policy.
The changes will already be affecting policies issued or renewed by three Nationwide companies and will affect policies issued by Erie Insurance and Erie Insurance Exchange starting on April 1.
Although four of the five filings indicate overall rate increases on Pennsylvania auto insurance policies, individuals may see increases or decreases depending on their personal rating factors.
Nationwide Rate Changes
According to the rate filings, more than 202,000 new and renewing customers of Nationwide Affinity will experience an overall increase of 7.9 percent.
Tags: Erie, Erie Raising
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