Monthly Archives: January 2012

National Insurance Crime Bureau Press Release – Mustang Thefts

 

Contact:  Frank Scafidi                                                           January 31, 2012

916.979.1510

fscafidi@nicb.org

 

Ford Mustang Thefts

A Look at Thefts of an American Automotive Icon

 

DES PLAINES, Ill. – For over 25 years, the National Insurance Crime Bureau (NICB) has published Hot Wheels, an annual report of America’s 10 most stolen vehicles.  While popular expectations have been that newer, more expensive vehicles would top the list, the data has repeatedly shown quite the opposite, with older, less flashy models topping the list.

 

As a take-off from our traditional Hot Wheels report, beginning with this release, the NICB will periodically issue a special report—Hot Wheels Classics—focusing on a specific class of vehicle or make and model.  For the
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California’s Insurance Commissioner Settles Lawsuit on Iran

By Dale Kasler  Sacramento Bee

               California’s insurance commissioner will continue to beat the drum about insurers’ investments in Iran after settling a lawsuit against a state agency about the Iran issue.

Under the settlement, announced today by Commissioner Dave Jones, his department will maintain a public list of insurers that invest in companies that do business in Iran’s energy and defense industries.

Jones’ predecessor Steve Poizner got into a dispute with the state Office of Administrative Law over his efforts to separate insurers from Iran-related investments. Poizner sued the agency in November 2010 after it declared that his Iran program was an improper form of regulation.
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CA Supreme Court Denies Challenge of State Senate Maps

 

From the Sacramento Bee Capitol Alert:

 

The California Supreme Court ruled today that state Senate maps drawn by a citizens commission will be used in this year’s elections, despite a pending referendum to overturn them.

The issue came before the High Court after a Republican-backed group, Fairness and Accountability in Redistricting, filed more than 711,000 signatures with county elections offices in a referendum to overturn Senate maps drawn by a 14-member citizens commission.

Californians will decide the fate of the newly drawn Senate districts in November if 504,760 of the signatures are from valid voters. Legislative candidates must file and run their campaigns before then, however, so justices needed to identify district
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Insurance Institute for Highway Safety Status Report

 

This issue covers two areas of interest to insurers.

The potential effects of crash avoidance technology on the business of insurance has been a topic of discussion in the industry recently.  The Institute believes that this technology has tremendous potential for preventing many kinds of crashes.  However, a new analysis demonstrates that these features won’t be available on the vehicles most people drive for many years to come.

In a separate study, Institute researchers teamed up with Tech-Cor, Allstate’s auto repair research center, to show how simple changes to vehicle bumper designs could significantly reduce repair costs from low-speed crashes.

for more information, go to http://www.iihs.org

NAIC Releases Annual Homeowners Insurance Report

 

NAIC RELEASES ANNUAL HOMEOWNERS INSURANCE REPORT

WASHINGTON, D.C. (Jan. 9, 2012) — The National Association of Insurance Commissioners (NAIC) released its 2009 Homeowners Insurance Report, providing data on market distribution and average cost by policy form and amount of insurance.

The report includes countrywide, state-specific premium and exposure information for homeowners insurance package policies and for non-commercial dwelling fire insurance. Included are descriptions of the data and a discussion of how certain economic, demographic and natural phenomena impact the price of homeowners insurance.

The report includes written exposures (earned house years) and aggregate written premiums by state and countrywide for the 2009 data year. It contains three tables that show individual state and
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Dan Walters: ‘Tort war’ could hit the California Capitol

 

By Dan Walters  Sacramento Bee

Published: Monday, Jan. 9, 2012 – 12:00 am | Page 3A
Last Modified: Monday, Jan. 9, 2012 – 6:30 am

Last year, the state Supreme Court interjected itself – in a big way – into the perennial “tort war” that pits personal injury lawyers against insurance companies and business groups over the arcane rules of liability lawsuits.

Both the courts and the Legislature play roles in deciding who can sue and collect money from whom over injurious acts.

Last August, the Supreme Court, by a 6-1 ruling, imposed limits on how medical damages could be calculated in auto accidents and other personal injury cases.

The issue in the case (Howell v.
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CDI New Hire

FOR IMMEDIATE RELEASE: January 5, 2012

NEWS RELEASE

INSURANCE COMMISSIONER DAVE JONES NAMES NEW DEPUTY COMMISSIONER

Insurance Commissioner Dave Jones today announced that John Finston will be joining the Executive Team of the California Department of Insurance as Deputy Commissioner for Corporate and Regulatory Affairs.

Mr. Finston will serve as a top advisor to the Insurance Commissioner on issues related to State, Federal, and International oversight of insurance and reinsurance. Finston will also manage and lead the Department’s Corporate Affairs Bureau, which is responsible for reviewing corporate and holding company transactions requiring Department approval, and will collaborate closely with the Financial Surveillance Branch, which is responsible for making sure that
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