Monthly Archives: <span>December 2008</span>

Climate Change Raises 2008 Cat Losses to $200 Billion Says Munich Re

Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …

Association of British Insurers Warns of Increasing ‘Front End Fraud’

The Association of British Insurers has issued a warning that, “people are increasingly putting their insurance cover at risk by cheating to get a better deal.” The ABI said its members, which include most of the UK’s P/C insurers, “are …

Inspector Shortage Hampers West Virginia Coal Mine Safety Effort

An inability to retain inspectors is hurting West Virginia’s efforts to make the inherently dangerous business of coal mining safer. Faced with a turnover rate topping 20 percent, the state is scrambling — for the second consecutive year — to …

Delaware Law Requires Sale of Only Fire-Safe Cigarettes

Starting on New Year’s Day, all cigarettes sold in Delaware must be fire-safe. A new law requires that the cigarettes sold in the state be able to extinguish themselves in about 15 to 20 seconds if they are not smoked. …

Cleanup of Oklahoma Zinc Smelter to Cost $6.6M; Viacom to Pay

Heavy-metal contaminants left by an Oklahoma zinc smelter that closed more than eight decades ago will be cleaned up through a $6.6 million plan chosen by the U.S. Environmental Protection Agency. The former Tulsa Fuel and Manufacturing site near Collinsville, …

Study: Deadliest Hotspots for Teen Crashes on New Year’s Holiday

Some have called New Year’s Eve “amateur hour” on the roads. That couldn’t be more true for teen drivers, who, even if they haven’t been drinking, lack experience behind the wheel. A recent study by Allstate says that among the …

Iowa Safer Cigarette Law Starts Jan. 1

An Iowa law requiring the sale of new cigarettes that are less likely to start fires goes into effect Jan. 1. The state Legislature voted earlier this year to approve the sale of the cigarettes that are less likely to …

Falling Ice Hits Child in Parked Car in New Hampshire

An 11-month-old infant inside a parked car outside a Salem, New Hampshire mall was hurt when ice smashed through the windshield. The injury happened on Christmas Eve morning when warmer temperatures caused melting ice and snow to fall from the …

Catastrophe Losses Up 7% in 2008, Making It One of Costliest Years for Insurers

The high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made losses, placed the year among the costliest on record for insured catastrophe losses. That’s according to Guy Carpenter Co., LLC, a global risk and …

Connecticut Creates Online Service to Verify Workers’ Comp Coverage

The Connecticut Workers’ Compensation Commission has created a new online service that will allow visitors to check if a business operating in the state has workers’ compensation coverage. The service is called Coverage Verification Service provides information for employers that …