Monthly Archives: November 2012

Sandy-Damaged Vehicles Hit 230,000 Mark

Sandy-Damaged Vehicles Hit 230,000 Mark

New York and New Jersey Account for 190,000

DES PLAINES, Ill — The National Insurance Crime Bureau (NICB) today announced revised estimates for the number of vehicles damaged as a result of Sandy as provided by the Insurance Services Office, Inc. (ISO), a subsidiary of Verisk Analytics.

The current estimate of vehicles damaged as a result of Sandy hit the 230,000 mark as claims processed by insurance companies have been reviewed and analyzed. Not surprisingly, New York had the most vehicles affected by the storm with 130,000 while New Jersey generated 60,000 claims.

The remaining 40,000 were reported from Connecticut, Delaware,
Read the full article…

Watchdog-or special-interest lapdog?

Consumer Watchdog, a self-styled consumer group, is calling on the state Fair  Political Practices Commission to require political bloggers like me to  reveal our clients, something we already do. At the same time, Consumer Watchdog  refuses to disclose the sources of its financial support.

One source of Consumer Watchdog’s financing is public record. Consumer  Watchdog sprang from the loins of Voter Revolt, which gave us Proposition  103 and auto insurance reform in 1988. Organizations created by Prop. 103 author Harvey  Rosenfield have collected $7.8 million in intervenor fees since his measure  passed, including $2.4 million in 2009 alone.

No other group has received any of these fees in years.
Read the full article…

Paying for Future Catastrophes

HURRICANE SANDY could cost the nation a staggering $50 billion, about a third of the cost of Hurricane Katrina — to date the most costly disaster in United States history.       

But Hurricane Sandy was not an isolated event. Indeed, the incidence of extreme events is far more frequent. Twenty of the 30 most expensive insured catastrophes worldwide from 1970 to 2011 have occurred since 2001 — and 13 of them were in the United States. Aside from the 9/11 terrorist attacks, all were natural disasters. The increase is most likely because of the location in high-risk areas of more people, and more valuable properties, along with a changing climate.       

Read the full article…

NICB: Car Thieves Get No Charge from Toyota Priu

NICB: Car Thieves Get No Charge from Toyota Prius

Hybrid Popular With Consumers; Not With Thieves

DES PLAINES, Ill — The National Insurance Crime Bureau (NICB) today released a comprehensive report that examines the theft history of the Toyota Prius. From its introduction to the U.S. auto market in 2000 through June 30, 2012, the report covers all Prius thefts reported to the National Crime Information Center (NCIC) beginning with the very first Prius theft on September 4, 2000.

The Toyota Prius is the top selling hybrid electric vehicle in the U.S. With over 1.2 million sold in the U.S. as of April 2012, it
Read the full article…

Election brings more female lawmakers to Capitol Hill

By Maria Recio McClatchy Newspapers

By Maria Recio      McClatchy Newspapers     
Last modified: 2012-11-14T11:37:40Z

Published: Sacramento Bee
Tuesday, Nov. 13, 2012 –  6:00 pm
Last Modified: Wednesday, Nov. 14, 2012 –  3:37 am

    Copyright 2012 McClatchy Newspapers. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

WASHINGTON — Twenty years after the “year of the woman” election, when a record number of female candidates joined the storied “Senate club,” women lawmakers will be seen in even greater numbers in the halls of Congress come January.

Read the full article…