2012 News

U.S. Roasts to Hottest Year on Record by Landslide

The United States set an off-the-charts heat record in 2012. A brutal combination of a widespread drought and a mostly absent winter pushed the average annual U.S. temperature last year up to 55.32 degrees Fahrenheit (13 Celsius), the government announced …

2012 Could Be Wisconsin’s Warmest Year on Record

Wisconsin is on pace to be the hottest year on record. The Milwaukee Journal Sentinel also reports the forecast for the first few weeks of December likely will mean snowplow drivers in southern Wisconsin won’t have much snow to move. …

Top 10 Worst States for Lawsuits: Study

West Virginia, Louisiana, Mississippi, California, Illinois, Montana, New Mexico, Alabama, Oklahoma and Florida are the top ten states with the worst legal climates in the country for businesses, according to the latest study of responses by U.S. attorneys conducted by …

NICB Report: Suspicious Theft Referrals Rise 40 Percent

There was a 20 percent increase in QCs during the first half of 2012 compared with 2011, and a 25 percent increase when compared with the first half of 2010, according to the National Insurance Crime Bureau’s report of questionable …

Insuring the Olympic Games: Major Risks, Much Secrecy, Heavy Coverage

One hundred days to go before the 2012 Olympic Games open in London. As that day moves closer, preparations, which have been going on for some time, speed up. Today’s ceremony in a rainy Kew Gardens, presided over by Committee …

Report: In 2012 Insurance Industry Focus is on the Customer

If 2011 was the year of retrenchment, then 2012 is the year of the customer, finds PwC’s “Top Issues: The Insurance Industry in 2012.” Leading insurers are keenly focusing on improving the customer experience to differentiate themselves from competitors and …

U.S. Should Expect Another Above-Normal Tornado Season in 2012

The U.S. should expect an active severe weather season with above-normal tornadoes in 2012. That’s after a near-record number of tornadoes in 2011, according to forecasters at AccuWeather.com in State College, Penn. Last year ranks as the fourth most deadly …

2012 Starts With Bad Weather Signs for Insurers

Damaging hailstorms in Australia. Unprecedented tornadoes in the southeastern United States. Constant windstorms in northern Europe. Sound familiar? This year is starting a lot like last year in terms of unexpectedly severe weather, to the consternation of the insurance industry, …

Memories of First Car Thefts Sparked by NICB Centennial

The year was 1912 and Woodrow Wilson was president. Jim Thorpe won Olympic gold in the decathlon and pentathlon events at Stockholm, Sweden. New Mexico became the 47th state in January followed a month later by Arizona completing the contiguous …

Insurance Veterans’ Forecasts for 2012

Now that the year 2011 is behind us, let’s take a look at what might be ahead. Insurance Journal spoke with leading industry professionals and asked them what they are expecting this year. If their forecasts are any guide, 2012 …