Saturday, January 01, 2011

Happy New Year 2011!


Photo Credit: Trendz Info


Happy New Year 2011!


We give all the glory to God for protecting and saving our beautiful and wonderful life to see the dawn of another year and we trust HIM to continue to see us through in the coming years and decades!





We thank God 24/7!

31 Dec 2010 10:00 Africa/Lagos



The Top Baby Names of 2010 Revealed

LONDON, December 31, 2010/PRNewswire/ -- Katie and Amy have fallen out of the list of the top 20 female christian names, it emerged yesterday (30th January 2010).

The monikers of troubled stars Katie Price and Amy Winehouse have been replaced by prettier and less infamous names, Maisie and Isabella.

The highest climber in the list of the most popular girls' names in the UK today is Bella, due in no small part to the lead character in Twilight, played by actress Kristen Stewart. Lacey, as in EastEnders actress Lacey Turner, is also on the up, soaring from number 57 up to 37. Florence is also becoming increasingly popular, moving up 33 places, as is Maisy.

Olivia is still top after 3 years and Sophie is still second. Lily is now third, up from 8th place, with Emily and Ruby completing the top five.

In the boys list Jack has finally been bumped off top spot by Oliver after 16 years in first place. Jack is now second while Harry, Charlie and Alfie, all non-movers, make up the top five.

Another bad year for F1 ace Lewis Hamilton has seen the popularity of his first name drop from 13th to 19th place, whilst his singer girlfriend Nicole Scherzinger fares even worse, with the name Nicole dropping seven places down the girls list to 84th place.

Ollie emerged as the biggest climber - up 56 places to number 53 - while Zachary, perhaps inspired by High School Musical's Zac Efron or even the son of jungle queen Stacey Soloman, has also become more common.

Bobby - the name of the late Jade Goody's son - is another big climber, up 25 places to number 70. And Kai - Coleen and Wayne Rooney's son has stepped up 10 places to number 56, despite his father's indiscretions.

The list was compiled by parenting club Bounty from names given to 423,000 children born in England, Scotland, Wales and Northern Ireland during 2010.

Yesterday, Faye Mingo, spokeswoman for bounty.com (http://www.bounty.com/) said: ''Our records show that parents are continuing to be influenced by popular culture and celebrity trends.

"The remarkable rise in popularity of names such as Ollie and Florence are most probably due to the X Factor star Olly Murs and the singer from Florence and the Machine experiencing their time in the limelight.

"However, parents are looking to a wide range of sources for influence and also seem to be rediscovering more traditional, 'old-fashioned' names like Ava and Stanley which have been more associated with grandparents in the past.

"Biblical names are also proving popular with Noah rising 20 places to 15th place and Jacob up 7, just missing the top ten."

Olivia is enjoying its third year in top spot after deposing Grace in 2008.

Jessica climbed one place to sixth, while Chloe dropped from fifth to seventh. Ava made it into the top ten for the first time while Grace slipped to ninth from sixth.

Amelia completed the top ten. Lucy was a non-mover at 13 while the next four places were all taken up by new names, including Isabella which climbed eight places to 14th.

Megan, Isla and Freya have all become more popular as has Lilly, most probably inspired by the singer Lily Allen.

On the boys list Jack finally surrendered top spot to Oliver but very little of the rest of the top ten changed. William climbed one spot to eighth as did Daniel to ninth while James slipped two to tenth.

Other names we will be hearing more regularly includes Logan, which climbed seven places to 17th and Oscar, which moved up four to 22nd.

Callum and Liam seem to have had their day - they were the biggest fallers in the top 30, seven and nine places respectively.

And new entries into the bounty.com top 100 lists were Esme, Courtney, Jude, Elliot and Stanley.

Faye Mingo added: "A recent study we ran found that one in five parents regret the names they have chosen for their children, so it's more important than ever for parents to choose a name them and their child will love for the rest of their life.

"It's hard to predict what we'll see next year but it's most probable that celebrities and popular culture will again play a part - and with a royal wedding on the horizon we may well see an increase in Williams and Kates born in celebration!"

See the Top 100 boys and girls names of 2010 and check the latest regional popularity (http://www.bounty.com/baby-names/regional-names) ratings at Bounty's baby names (http://www.bounty.com/baby-names) section which features a host of unique and handy functions to help parents decide on baby names. As well as being able to search names using letters of the alphabet (http://www.bounty.com/baby-names/names-beginning-with), number of syllables, origin, and meaning, parents can also search trend graphs which show if names are declining/growing in popularity as well as popular sibling/middle names for their chosen name, amongst a host of other useful tools.


TOP 100 BOYS NAMES 2010

1. Oliver
2. Jack
3. Harry
4. Charlie
5. Alfie
6. Thomas
7. Joshua
8. William
9. Daniel
10. James
11. Jacob
12. George
13. Ethan
14. Lucas
15. Noah
16. Max
17. Logan
18. Joseph
19. Lewis
20. Dylan
21. Samuel
22. Oscar
23. Ryan
24. Archie
25. Riley
26. Jayden
27. Tyler
28. Jake
29. Callum
30. Liam
31. Alexander
32. Connor
33. Luke
34. Adam
35. Benjamin
36. Matthew
37. Leo
38. Finley
39. Jamie
40. Alex
41. Freddie
42. Mason
43. Harrison
44. Henry
45. Ben
46. Harvey
47. Nathan
48. Isaac
49. Cameron
50. Aaron
51. Theo
52. Edward
53. Ollie
54. Finlay
55. Owen
56. Kai
57. Harley
58. Aiden
59. Michael
60. Toby
61. Sam
62. Leon
63. Kyle
64. David
65. Rhys
66. Evan
67. Bailey
68. Reece
69. Zachary
70. Bobby
71. Ashton
72. Kian
73. Sebastian
74. Luca
75. Kayden
76. Louis
77. Zac
78. Taylor
79. Brandon
80. John
81. Hayden
82. Billy
83. Caleb
84. Jude
85. Blake
86. Joe
87. Louie
88. Jay
89. Christopher
90. Joel
91. Bradley
92. Ellis
93. Corey
94. Elliot
95. Zak
96. Robert
97. Stanley
98. Aidan
99. Jenson
100. Patrick

TOP 100 GIRLS NAMES 2010

1. Olivia
2. Sophie
3. Lily
4. Emily
5. Ruby
6. Jessica
7. Chloe
8. Ava
9. Grace
10. Amelia
11. Mia
12. Evie
13. Lucy
14. Isabella
15. Maisie
16. Poppy
17. Daisy
18. Ellie
19. Ella
20. Megan
21. Isla
22. Freya
23. Charlotte
24. Lilly
25. Summer
26. Isabelle
27. Holly
28. Sophia
29. Millie
30. Erin
31. Katie
32. Amy
33. Scarlett
34. Hannah
35. Lexi
36. Imogen
37. Lacey
38. Molly
39. Eva
40. Brooke
41. Lola
42. Phoebe
43. Layla
44. Emma
45. Leah
46. Abigail
47. Sienna
48. Gracie
49. Amber
50. Jasmine
51. Alice
52. Matilda
53. Elizabeth
54. Anna
55. Madison
56. Rosie
57. Paige
58. Lauren
59. Isabel
60. Bethany
61. Caitlin
62. Georgia
63. Faith
64. Lexie
65. Florence
66. Rebecca
67. Niamh
68. Zoe
69. Maya
70. Skye
71. Maddison
72. Tilly
73. Keira
74. Scarlet
75. Tia
76. Amelie
77. Libby
78. Sofia
79. Sarah
80. Aimee
81. Isobel
82. Esme
83. Zara
84. Nicole
85. Julia
86. Martha
87. Maisy
88. Heidi
89. Abbie
90. Mya
91. Darcy
92. Rose
93. Eleanor
94. Kayla
95. Miley
96. Hollie
97. Eve
98. Bella
99. Evelyn
100. Courtney

TOP 100 BOYS NAMES 2009

1. Jack
2. Oliver
3. Charlie
4. Harry
5. Alfie
6. Thomas
7. Joshua
8. William
9. James
10. Daniel
11. George
12. Ethan
13. Lewis
14. Max
15. Lucas
16. Dylan
17. Archie
18. Joseph
19. Jacob
20. Samuel
21. Liam
22. Callum
23. Oscar
24. Jayden
25. Logan
26. Ryan
27. Jake
28. Tyler
29. Riley
30. Luke
31. Harvey
32. Ben
33. Adam
34. Alexander
35. Benjamin
36. Leo
37. Matthew
38. Noah
39. Connor
40. Alex
41. Jamie
42. Harrison
43. Mason
44. Cameron
45. Owen
46. Henry
47. Nathan
48. Finley
49. Aaron
50. Freddie
51. Issac
52. Sam
53. Finlay
54. Theo
55. Harley
56. Aiden
57. Toby
58. Edward
59. Rhys
60. Michael
61. Evan
62. Kyle
63. Leon
64. Reece
65. David
66. Kai
67. Ashton
68. Bailey
69. Kian
70. Louis
71. Taylor
72. Hayden
73. Brandon
74. Joe
75. Jay
76. Luca
77. Kayden
78. Ewan
79. Joel
80. Sebastian
81. Zac
82. Ellis
83. Josh
84. Aidan
85. John
86. Billy
87. Zak
88. Bradley
89. Kieran
90. Blake
91. Christopher
92. Morgan
93. Caleb
94. Louie
95. Andrew
96. Bobby
97. Gabriel
98. Robert
99. Elliot
100.Jude

TOP 100 GIRLS NAMES 2009

1. Olivia
2. Ruby
3. Sophie
4. Chloe
5. Emily
6. Grace
7. Jessica
8. Lily
9. Amelia
10. Evie
11. Mia
12. Lucy
13. Ava
14. Ella
15. Charlotte
16. Amy
17. Daisy
18. Katie
19. Megan
20. Summer
21. Ellie
22. Isabella
23. Holly
24. Millie
25. Poppy
26. Freya
27. Erin
28. Isla
29. Isabelle
30. Hannah
31. Emma
32. Brooke
33. Molly
34. Phoebe
35. Eva
36. Leah
37. Lilly
38. Abigail
39. Sophia
40. Imogen
41. Maisie
42. Scarlett
43. Lexi
44. Jasmine
45. Lola
46. Layla
47. Isabel
48. Lauren
49. Amber
50. Madison
51. Matilda
52. Elizabeth
53. Bethany
54. Sienna
55. Rosie
56. Anna
57. Gracie
58. Paige
59. Alice
60. Caitlin
61. Georgia
62. Maddison
63. Rebecca
64. Lacey
65. Isobel
66. Faith
67. Libby
68. Tia
69. Keira
70. Lexie
71. Niamh
72. Skye
73. Nicole
74. Aimee
75. Sarah
76. Zoe
77. Eleanor
78. Amelie
79. Julia
80. Eve
81. Maya
82. Tilly
83. Zara
84. Martha
85. Sofia
86. Scarlet
87. Darcy
88. Abbie
89. Victoria
90. Heidi
91. Alexandra
92. Taylor
93. Miley
94. Kayla
95. Mya
96. Lydia
97. Florence
98. Evelyn
99. Rose
100. Courtney

Notes to Editors:

- The top 100 boys and girls names lists were compiled using data
collated from the registered births of Bounty Parenting Club members in
2010

- Bounty (http://www.bounty.com) is the UK's favourite parenting club,
providing information, support and products for young families
throughout the four key-life stages: pre-birth, birth, toddlers and
pre-school

- With 2.5 million members and over 50,000 new members joining
every month, Bounty reaches 9 out of 10 new and expectant parents in
the UK through its Bounty bag sampling

- http://www.bounty.com has 750,000 opted-in members and a further
28,000 new members joining each month
- http://www.bounty.com/baby-names features a host of unique and
handy new functions and tools to help you decide on baby names.
Whether your heart is set on a name and you want to find out more about
its origin or meaning, have absolutely no idea how to go about choosing
a name or simply want to find a name rated by others as 'cool' or
'exotic', Bounty.com is the go-to site for all your naming needs. In
just one click you can search:

- Regional mapping (search the popularity of names throughout the UK
based on where you live)

- Middle names (search for names that are most commonly used as middle
names with your chosen first name)

- Sibling names (search for common sibling names alongside your chosen
first name)

- Rate names according to how 'cool', 'great', 'traditional', 'exotic',
'unique' they are

- Find out nick-names, explore famous people names, and characters
featured in books, TV or film

- Find out who else likes the names you do and ask friends and family to
confidentially rate your favourite names

- Name trend graph showing if names are in declining/growing in
popularity

- Search using letters of the alphabet, number of syllables, origin, and
meaning

- Collate your own 'shopping basket' of preferred names

Source: Bounty UK Ltd

For further information please contact Rachel Burrows on +44-(0)1707-294000, or email rburrows@bounty.com


Wednesday, May 12, 2010

Top 10 Most Dangerous Cities for Drivers in America

12 May 2010 15:30 Africa/Lagos


Insurance.com Lists Top 10 Most Dangerous Cities for Drivers

From fender benders to totaled cars, here are the 10 cities most likely to boost your auto insurance premium

CLEVELAND, May 12 /PRNewswire/ -- Boston residents are world-renowned for their demolition derby driving style, but what city do Boston drivers consider "wicked scary"? Probably Baltimore.


That's right. Baltimore.


The city known for such number ones as the first public library system and first U.S. stage coach route, can now add No. 1 Most Dangerous City for Drivers, according to a new study from insurance.com. It tallies the most claims for everything from fender benders to vandalism and theft.


Baltimore tops the list with 36.5 percent of drivers claiming a prior accident when receiving a car insurance comparison quote from insurance.com. The port city might not surprise many, but there were plenty of stunners in the Top 10, including Erie, Pa., and Des Moines, Iowa.


The safest city to set the car on cruise? Yuma, Ariz. at 17.2 percent. And bigger cities like Los Angeles (26.3 percent) and Chicago (26.1 percent) came in at No. 116 and 122 respectively.


"An accident - even one as small as a fender bender - could affect the cost of your auto insurance premium, so we encourage everyone to drive safely. That means avoiding driver distractions and obeying traffic laws," says Rob Klapper, insurance.com CEO. "On the flip side, if you've had an accident in the past that has recently fallen off your driving record, it could mean big savings. In either case, it's always best to shop and compare rates to make sure you're getting the best coverage at the best price."


Top 10 Most Dangerous Cities for Drivers *:

1. Baltimore, Md.
2. Johnstown, Pa.
3. Portland, Maine
4. Des Moines, Iowa
5. Erie, Pa.
6. Bangor, Maine
7. Birmingham, Ala.
8. Austin, Texas
9. Manchester, N.H.
10. Lincoln, Neb.


For the most accurate data, insurance.com's study chose to review designated market areas that requested 500 quotes or more over a six-month period. The study did not include Alaska, Hawaii, Massachusetts or New York, since the site presently does not offer comparison quotes for those states.


So that means you're not off the hook, Boston.

The full list can be found here.

About Insurance.com

Insurance.com, the premier destination to shop for and buy insurance, is also the leading online independent auto insurance agency in the United States. Innovative technology allows consumers to link directly to the rating systems of more than a dozen top insurance companies that then compete for the consumer's business. Insurance.com empowers consumers to instantly compare rates, make smart decisions, and buy the policy that fits them best. Since 2000, millions of drivers have saved both time and money by shopping for and buying through insurance.com or speaking by phone with its expert, licensed agents. Insurance.com is headquartered in Solon, Ohio.


*The information in this article is based on proprietary insurance.com data. Insurance.com does not guarantee that the information is representative of all national, city and state statistics and has not validated it with any third party insurance providers.


Media Contacts:
Thomas Tennant
Insurance.com
440.715.0075, ext 1114
ttennant@insurance.com


Source: insurance.com

CONTACT: Thomas Tennant, Insurance.com, +1-440-715-0075, ext 1114,
ttennant@insurance.com


Web Site: insurance.com



Saturday, May 08, 2010

Before Buying a Home - Insurance Questions Everyone Should Ask




Before Buying a Home - Insurance Questions Everyone Should Ask

NEW YORK, May 6 /PRNewswire/ -- When it comes time to buy that dream home, the cost to insure it is often overlooked. The Insurance Information Institute says there are two questions everyone should ask before they buy: How much will the home cost to insure? And, will separate coverage be needed for certain disasters, such as flood or earthquake?


To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/iii/43425/


Insurance is an expense you will have for as long as you own the home. Before purchasing a home, there are important factors to consider that will affect the cost of insurance. The I.I.I. has created a checklist to help:


-- How far is the home from the fire department? Houses that are near a
fire station with professional firefighters usually cost less to insure.

-- What is the condition of the plumbing and electrical systems? Poorly
maintained, unsafe and/or outdated systems can cost more to insure.

-- Is the home vulnerable to wind damage? Find out if private insurance is
available, or a state-run insurance program. Is there a windstorm
deductible, and how high is it? A home on or near the beach may be more
costly to insure than one inland.

-- Is the house at risk from flooding? Flood insurance is not covered
under a standard homeowners insurance policy. However, it is available
from the National Flood Insurance Program which is serviced by private
carriers and from a few specialty insurers (see www.FloodSmart.gov).

-- What about earthquake risk? Earthquake insurance requires an
endorsement or a separate policy.

-- Is the house well built and well maintained? Homes built by reputable
builders using disaster resistant materials and designed to meet current
building codes are likely to better withstand natural disasters.

A knowledgeable home inspector and your insurance agent can be helpful in answering these questions. The home's loss history report can also provide useful information about its claims history of water damage, fire and other losses.


About the Insurance Information Institute


Recommended:

Mortgage insurance



Wednesday, March 17, 2010

Is Your Dog Covered Under Your Homeowners Insurance?

16 Mar 2010 10:20 Africa/Lagos

Is Your Dog Covered Under Your Homeowners Insurance?


ONTARIO, Calif., March 16 /PRNewswire/ -- "Asking if your dog is covered under your homeowners insurance policy may be a strange question to ask, but according to the Journal of American Medical Association, the number of dog bites in America now tops 4.5 million per year," says Frank N. Darras, America's top insurance lawyer. "An overwhelming one-third of all homeowner's liability claims are now related to dog bites, equaling about $1 billion in damages, according to the Insurance Information Institute."

(Photo: http://www.newscom.com/cgi-bin/prnh/20070717/NYFNSC02)

So, how do you protect your finances from a liability suit if Fido should ever bite the mailman? One type of policy that has become popular is Umbrella insurance. Umbrella Insurance is designed to give you added liability protection above and beyond the limits on your homeowners, auto, and watercraft personal insurance policies. With an umbrella policy, depending on the insurance company, one can add an additional $1-5 million in liability protection. This protection is designed to "kick-in" when the liability on your other current policies has been exhausted. See www.DarrasLaw.com.

How do you decide if umbrella coverage is right for you? You first need to evaluate what assets you want covered and what the likelihood of getting sued may be. It may be more cost-effective to raise your liability limits on your homeowners insurance, rather than buying an umbrella policy. Also, by raising your deductible, you may ultimately pay less premium than you had originally been paying. No matter, with the commonality of million-dollar settlements and verdicts, an umbrella policy may be the best way to go, says Darras.

For example, if you own a swimming pool, hot tub, trampoline, swing set, or pets, it would be a good idea to consider getting an umbrella policy, especially if you have guests over and your dog tends to snap at people. If you don't regularly have people over and your pooch couldn't hurt a fly, it may not be that important.

With personal liability umbrella policy coverage, you can include personal injury, property damage or bodily injury-which may be caused by you, your pets, or your dependents. Along with personal injury protection, you may be covered in the unfortunate event of:

-- False arrest
-- False imprisonment
-- Defamation
-- Invasion of privacy
-- Malicious prosecution
-- Eviction
-- Wrongful entry


Some umbrella policies go as far as giving you coverage if you're charged while actively participating on the board of a charitable, religious or civic organization. It's important to realize that even if the lawsuit is frivolous or silly, you will still need to pay the expenses of the litigation defending yourself.
For more information, visit www.DarrasLaw.com or call 800-458-4577.
Frank N. Darras available for interviews, contact robin@mcdavidpr.com or call 650-279-9512.
Available Topic Expert(s): For information on the listed expert(s), click
appropriate link.
Frank N. Darras



Photo: http://www.newscom.com/cgi-bin/prnh/20070717/NYFNSC02
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com/

Source: Frank N. Darras


CONTACT: +1-650-279-9512, robin@mcdavidpr.com, for Frank N. Darras
Web Site: http://www.darrasnews.com/
http://www.darraslaw.com/


Wednesday, February 24, 2010

Pelosi, Senior Democrats' Remarks at News Conference on Repealing Health Insurance Industry Anti-Trust Exemption

24 Feb 2010 00:20 Africa/Lagos

Pelosi, Senior Democrats' Remarks at News Conference on Repealing Health Insurance Industry Anti-Trust Exemption

WASHINGTON, Feb. 23 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi, House Majority Leader Steny Hoyer, Chairwoman Louise Slaughter, Congressman Peter DeFazio, and Wendell Potter, senior fellow on health care at the Center for Media and Democracy and a former insurance industry executive, held a news conference this afternoon in the Capitol to discuss the Health Insurance Industry Fair Competition Act that will end the unfair anti-trust protection for the health insurance industry. The legislation will be on the House floor tomorrow. Below are opening statements from the press conference:


Speaker Pelosi. Good afternoon. I am absolutely delighted to be here this afternoon with Leader Hoyer, with the distinguished Chair of the Rules Committee, Louise Slaughter, with Representative Peter DeFazio of Oregon, and our very special guest, Wendell Potter who is a senior fellow on health care, Center for Media and Democracy, and former head of communications at Cigna and Humana.


Tomorrow will be a very special day in the Congress of the United States because tomorrow we will make real change. We will change from the American people having to operate on the field of the insurance companies for over 60 years to the insurance companies having to operate on the field of the American people. We would not be here today without Congresswoman Louise Slaughter, without Peter DeFazio's work, Chairman Conyers who can't be with us right now, and also the leadership of our new Members of Congress, Congressman Perriello of Virginia, Congresswoman Markey of Colorado to name two who have been pushing this issue.


This bill is about restoring competition, fairness, and choice to the health insurance industry. After 65 years, it is now time for the unfair advantage insurance companies have held over America's families and small businesses to end. As we continue the fight for comprehensive reform, this marks another critical step. As you know, we will be taking up comprehensive health insurance reform shortly but we wanted to make sure that in paving the way for that legislation we paved the way for fairness, for competition, for better care, better quality, better affordability for the American people.


I think you have probably seen recently the enormous profits of the insurance industry, and we think the time has come to end insurance companies with enormous profits, CEOs of insurance companies with enormous salaries telling America's families that they have to pay more for their insurance. Over the past decade, insurance rates have doubled, more than doubled, 100, what is it? 151 percent and that is again, as you saw in California, just the beginning.


So as we have said about our legislation, it is about affordability for the middle class; it is about accessibility of many more people to health care and affordability is central to that; and it is about accountability of the insurance companies. If we have the AAA rating for our insurance policies as we go forward, our insurance public policies as we go forward, then we will improve quality of care, lower cost, and make health care more available to many more people.


It is now my pleasure to yield to a leader on this issue in the Congress, a champion for affordability for the middle class, for whom this issue is central, our distinguished Majority Leader Steny Hoyer.


Majority Leader Hoyer. Thank you very much, Madam Speaker. I thank the Chair of the Rules Committee Slaughter for her leadership on this issue, Mr. DeFazio for his strong advocacy of this legislation and Mr. Potter, we thank you for being here and for your expertise.


Republicans and Democrats throughout the last year and talking about health care have talked about the importance of competition. And they may have a different perspective about how they get there but the free market and competition. We hear our Republican friends talking about that and very frankly, we wanted to set up a greater competition as well to make sure that consumers were getting the best price which would be determined in a free market, acting in a way that free markets were unconstrained and brought prices down. When I say unconstrained, not constrained by any collusive or cooperative behavior. That's what anti-trust is all about. We believe in a free market. We believe in competition. But we know that if we do not preclude people from colluding that prices will be improperly higher than they ought to be. So we want to open competition. That's what this bill is about.


This bill is about making sure that everyone who wants to offer health insurance in America will do so in a free, open market. That will be subject as every other business is, to anti-trust provisions which say you cannot, in effect, make a deal with somebody that you take that part of the market, I'll take this part of the market, and we'll both charge this price. Because then there is not a free and open market to determine the lowest, best price for the best product.


So I am very pleased to be here. I want to congratulate Tom Perriello and Betsey Markey of Colorado, who have been so involved with Ms. Slaughter, Mr. DeFazio, and others, and John Conyers, the Chairman of our committee. And coming to a point where we will place this bill on the floor tomorrow. I am confident it will pass. And I surely hope it passes with a very significant, bipartisan vote. Because there is certainly bipartisan agreement that the free market and competition are clearly in the best interest in all consumers. That's what this bill is about.


Thank you very much.


Speaker Pelosi. A person who has been involved in this issue, removing the exemption to anti-trust laws from the health insurance industry, Chairwoman Louise Slaughter, has been working on this issue since her days in the state legislature in New York and probably even before then. So she came to this Congress determined to make this change and tomorrow her determination will pay off. Madam Chair.


Chairwoman Slaughter. Thank you, Madam Speaker. It is because of you and the Majority Leader that we have reached this point, and it is a very important point for us to have reached. It is totally appropriate that the Congress of the United States lift this exemption because they created it. In 1945, both the Senate and the House passed legislation following a Supreme Court ruling that anti-trust should indeed govern the insurance industry. Each house passed legislation that gave a three-year transition period at which point they would be covered by anti-trust. By the time the bill got to conference and came out of the conference, the exemption had been made permanent, which did not in any way follow what each house had voted but it was ratified then by each house. It was a bad day as far as I am concerned because I know of no industry in the United States which should be exempt from anti-trust, which and their sole purpose is to protect consumers and heaven knows when it comes to insurance we need it.


I am here today to introduce somebody that I have grown so fond of, Wendell Potter. He and I are from the same part of the country, so I was not surprised that Wendell would stand up to insurance industries. All of us can tell anecdotal stories and tell about what people would say to us, but only Wendell Potter who was on the inside--he was the executive at an insurance company--could really give us the true story of what was going on there and he did. He has been so generous with his time, with his expertise, with his friendship and he got started in this because he knew that chicanery was going on in the insurance industry, that phony studies were being made, that people were being denied on the flimsiest of excuses. We are so lucky that we have Wendell Potter and the Wendell Potters of this world, who will stand up when they see a wrong and help to right it. It is a great pleasure for me to introduce to you one of the great Americans of this time, Wendell Potter.


Mr. Potter. Thank you very much, Chairwoman and Madam Speaker. As someone who spent 20 years in the insurance industry, I can attest that this is very important legislation and I can say that it is both substantive and symbolic legislation. The insurance industry has enjoyed an exemption, as everyone has said, for 65 years. And that has contributed to a health care system that has become one of the most dysfunctional and one of the most expensive in the world. And this is time that the health insurance industry begins to abide by the same rules and regulations that every other industry in this country has to abide by.


And it is symbolic in that, I believe this in my view is the beginning of comprehensive reform that will benefit average Americans, working individuals and families more than the big insurance companies and their partners and their allies. And over the 20 years that I was in the industry, I saw competition vanish. We have seen so many mergers and acquisitions over the years that industry now is dominated by a cartel of about seven very large health insurance companies, all of them for profit. So the landscape has changed remarkably in the time that I was in the industry, and I think I have seen also blatant disregard for regulation, particularly at the state level, insurance companies recognize that in many states the insurance departments are not resourced adequately so there is a blatant disregard for regulation.


So I see this as a very important piece of legislation and one that is the beginning of much-needed


reform. Thank you.


Speaker Pelosi. Thank you very much, Mr. Potter. Thank you very much. We are honored by your presence, very informed by your information and you too have made a tremendous difference and when we have that victory tomorrow it will be in large measure because of your courage. Wendell Potter, thank you.


The relentless, that word is identified with Peter DeFazio on this and other issues in the Congress, but he has been indeed relentless in pushing for removing this exemption which health insurance companies have from anti-trust laws of our land. Imagine that they have an exemption, an industry so closely related to cost and well being of the American people with this exemption. This drama has been beaten by Peter DeFazio for a very long time. Tomorrow, we will have a victory and he will be one of our drum majors.


Congressman DeFazio. Thank you, Madam Speaker. Thanks for your support and thanks for making this day possible. Louise, thank you for your tremendous support as we move through this. I would like to give some credit to someone who preceded us here, Senator William Proxmire. He first brought this issue to my attention when I was a freshman Member of Congress and that's as you can tell from my age, sometime ago, almost more than two decades ago. And I have been pursuing this for quite some time like Louise in the interest of fairness and protecting consumers.


Now we have heard a lot in this debate that we should listen. Congress should listen, we have heard that. Well, I went home and listened in August, 14 town hall meetings in the more conservative parts of my district, attended by about 8,000 people in the end. We had to rent fairgrounds and other things. And there was one point of consensus. One. Between those who represented the interests of the group called the Tea Party and those who represented the interests of those called single payer advocates. And that was that this unfair exemption from anti-trust law should not exist for the insurance industry. The whole auditorium would stand up at that point. There was consensus on this issue. So we are listening. We are listening to the American people.


The American people want this reform, and we are going to deliver it tomorrow. This should be bipartisan. I cannot understand how any Republican who is advocating national plans and advocating for free market solutions could be against allowing the free market to work by stopping collusion among these multi-state, multi-national companies that are derogatory to the interests of consumers.


One last point. You know, these, some say, "Well it is the job of the states." This is beyond the capability than even the most sophisticated and well-resourced Justice Departments among the states. When Andrew Cuomo was pursuing the industry with some success, there were other issues he wished to pursue, but they were beyond the scope and jurisdiction of his capabilities. When these multi-state, multi-national companies choose to collude through setting up rating shelves or other things outside this jurisdiction and individual state and import the results of those, you know independent studies or rate settings there is little even the most sophisticated and aggressive state Attorney General can do there beyond their reach. But the federal government should be able to protect consumers in those instances and this would be a beginning of that protection by repealing this exemption.


Speaker Pelosi. Thank you very much. The choice will be very clear tomorrow. Are you on the side of the insurance company and maintaining the stranglehold that they have on America's consumers, impeding progress to be made in their good health and for a healthier America? Or are you on the side of the people? Are you on the side of the consumer? I hope that we have a very strong, bipartisan vote on the side of the consumer tomorrow and we are working toward that end.


Again, I just want to say that this is part of one year ago when we began with the Recovery Package, which now CBO has told us just now has created over 2 million jobs that we had in that legislation -- health IT, billions of dollars for health IT, health information technology, billions of dollars for investment in the National Institutes of Health for bio-medical research to make America healthier -- to name two -- but other initiatives as well. And around the same time, we passed the SCHIP, the State Children's Health Insurance Program -- insuring 11 million children.


So we've got a running start on making America healthier at the beginning of last year and in the course of the appropriations process. We will finish our work -- one stage of it when we pass the comprehensive bill. Continuing the work we began last year and along the path toward comprehensive care, tomorrow is a very important day for us. So we're looking forward to it with great enthusiasm for fairness for the American people.


Source: Office of the Speaker of the House

CONTACT: Brendan Daly/Nadeam Elshami/Drew Hammill of the Office of the
Speaker of the House, +1-202-226-7616

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Wednesday, February 17, 2010

Insurance.com Lists Top 10 Most Dangerous Drivers by Profession

17 Feb 2010 14:00 Africa/Lagos

Insurance.com Lists Top 10 Most Dangerous Drivers by Profession

Considering one of these careers? Better consider some great car insurance, too

CLEVELAND, Feb. 17 /PRNewswire/ -- If you're both an expert at the law and an expert at getting stopped by the law, you might be a dangerous driver. So says a recent insurance.com study listing the Top 10 Most Dangerous Drivers by Profession.


Attorneys topped the list at No 1. with 44 percent claiming a prior accident when receiving a car insurance comparison quote from insurance.com. (We bet 44 percent of them talked their way out of a ticket, too.) Findings were based on accident claims as a percentage of quotes.


The least dangerous drivers? Athletes (17 percent) and homemakers (24 percent).


"Professions that demand multi-tasking - being on the phone, moving fast on a tight schedule - are prone to more distractions and, from there, more accidents," says Sam Belden, insurance.com VP, all joking aside. "On the other hand, though the job of a homemaker demands multi-tasking, young children are often along for any car ride. And when children are involved, people tend to take their time and use greater caution." Homemakers and athletes also tend to be off the road during rush hour.


Top 10 Most Dangerous Drivers by Profession*:

1. Attorney/Judge
2. Financial professionals
3. Government worker (GS6)
4. Bartender or Waiter
5. Business Professionals
6. Dog Groomer
7. Marketing/Advertising professionals
8. Barber/Stylist
9. Coach
10. Nurse


Happen to be one of those folks? Then you'll want to keep in mind that an accident could raise your insurance rate. The chance of a rate increase is more likely based on factors such as accident severity, if you're at fault, the value of your insurance claim, type of violation, and if the accident appears on your motor vehicle or comprehensive loss underwriting exchange report.


About Insurance.com


Insurance.com, the premier destination to shop for and buy insurance, is also the leading online independent auto insurance agency in the United States. Innovative technology allows consumers to link directly to the rating systems of more than a dozen top insurance companies that then compete for the consumer's business. Insurance.com empowers consumers to instantly compare rates, make smart decisions, and buy the policy that fits them best. Since 2000, millions of drivers have saved both time and money by shopping for and buying through insurance.com or speaking by phone with its expert, licensed agents. Insurance.com is headquartered in Solon, Ohio.


*While the information in this article is based on proprietary insurance.com data, insurance.com does not guarantee the accuracy of such information and has not validated it with any third party insurance providers. Data based on single driver, single vehicle.


Media Contact:
Thomas Tennant
Insurance.com
440.715.0075, ext 1114

Source: Insurance.com

CONTACT: Thomas Tennant, Insurance.com, +1-440-715-0075, ext 1114


Web Site: Insurance.com


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Tuesday, January 05, 2010

Five Insurance Mistakes to Avoid!




Five Insurance Mistakes to Avoid!

The Insurance Information Institute says you can save money on insurance if you avoid five big insurance mistakes:


New York (December 2009) /PRNewswire/ — The Insurance Information Institute says you can save


money on insurance if you avoid five big insurance mistakes:

Mistake #1: Insuring a home for its real estate value rather than the cost of rebuilding.

When real estate prices go down, homeowners may think they can reduce the amount of coverage on their home. But insurance covers the cost of rebuilding, not the sales price.

A better way to save: Raise your deductible. An increase from $500 to $1,000, could save up to 25%.

Mistake #2: Selecting an insurance company by price alone.

It's important to choose a company with competitive prices, but also one that is financially sound with good customer service.

A better way to save: Check the financial health of a company with independent rating agencies and ask friends and family for recommendations.

Mistake #3: Dropping flood insurance.

Many homeowners are unaware they are at risk for flooding, but 25% of all flood losses are in low risk areas.

A better way to save: Before purchasing a home, check with the National Flood Insurance Program (NFIP) to see if it is in a flood zone; if so, consider a less risky area. FEMA recommends all homeowners consider flood insurance, available from the NFIP.

Mistake #4: Only purchasing the legally required amount of liability for your car.

In today's litigious society, buying only the minimum amount of liability means you'll likely pay more out-of-pocket.

A better way to save: Consider dropping collision and/or comprehensive coverage on older cars worth less than $1,000.

Mistake #5: Neglecting to purchase renters insurance.

A renters policy covers your possessions and additional living expenses if you have to move out due to a disaster. Equally important, it also provides liability protection.

A better way to save: Look into multi-policy discounts. Buying several policies with the same insurer, such as renters, auto and life will generally provide savings.
About the Insurance Information Institute
The Insurance Information Institute (I.I.I.) is an educational, research and communications organization funded by the insurance industry to explain what insurance is and how it works.

Each year, the I.I.I. works on more than 3,700 news stories, handles more than 6,000 requests for information and answers nearly 50,000 questions from consumers.



For the media:
For spokesperson for in-studio interview, b-roll of
5 mistakes or more information:
Jeanne Salvatore, 212-346-5550
Jeannes@iii.org


Wednesday, December 23, 2009

Auto Insurance Requirements Expected to Increase in 2010

23 Dec 2009 12:00 Africa/Lagos


Auto Insurance Requirements Expected to Increase in 2010

MADISON, Wis., Dec. 23 /PRNewswire/ -- The states of Wisconsin and Louisiana will be raising minimum liability limit requirements which may cause a raise in current premiums. As of January 1, 2010, these states will require that all new policies written meet these new requirements and consumers may want to compare their current carrier's rates with those of others to ensure that their policy remains competitive.


As of the 1st of the year, liability coverage will become a requirement in Wisconsin and the limits will increase to $50,000 for the injury or death of one person, $100,000 for the injury or death of more than one person and $15,000 for property damage. In addition to the new limit increase, beginning June 1, 2010, drivers and owners will be required to provide proof of such coverage when requested by law enforcement; caught operating a vehicle without insurance may result in a fine up $500, failure to have proof on hand may be subject to a $10 fine and providing fraudulent proof of coverage can end in a fine of up to $5,000.


Source: http://www.dot.wisconsin.gov/drivers/vehicles/ins-req.htm


Residents of Louisiana currently pay some of the highest premiums in the nation and the new increased limits are expected to push these rates even higher. Although some have expected the rate increase to be in the 20 percent range, insurance commissioner Jim Donelon stated, "I would not be surprised to see it go to 15 percent." The limits for bodily injury liability to one person will increase to $15,000, $35,000 for more than one person and $25,000 for property damage liability.


For those who will be up for policy renewal after the New Year, it may be wise to shop around before renewing their policy. Websites such as OnlineAutoInsurance.com allows visitors to complete an auto insurance comparison online to help ensure that their current rate is still the most affordable. In order to avoid policy lapse while shopping around, rates should be compared well in advance of policy expiration dates.


Consumers can visit http://www.onlineautoinsurance.com/compare/ for a free quote comparison and assistance in keeping the new coverage requirements affordable.


Source: Online Auto Insurance, LLC

CONTACT: PR Division of Online Auto Insurance, LLC, +1-909- 912-1855


Web Site: http://www.onlineautoinsurance.com/

VITAL LINKS:
Vehicle Without Insurance


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Monday, December 21, 2009

Contact Us

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Hagerty Announces The 2010 Hot List: A Decade in Review


Hagerty selects the 2008 Dodge Challenger SRT8 as a "collector car of tomorrow" on the 2010 Hagerty Hot List: A Decade in Review. (PRNewsFoto/Hagerty) TRAVERSE CITY, MI UNITED STATES

21 Dec 2009 12:01 Africa/Lagos

Hagerty Announces The 2010 Hot List: A Decade in Review

New List Presents Top Ten Future Collectibles of the Past Decade

TRAVERSE CITY, Mich., Dec. 21 /PRNewswire/ -- With the decade coming to a close, Hagerty, the leading insurer of collector cars, has expanded its annual Hot List of the "Collector Cars of Tomorrow." The 2010 Hot List: A Decade in Review presents Hagerty's top picks from 2000 to 2009 of the most influential cars of the past decade with the highest probability of becoming collector cars in the future.


(Photo: http://www.newscom.com/cgi-bin/prnh/20091221/LA28751)


"Over the past decade and even the past year, the automotive industry has seen immense change. But one thing that has not wavered is America's passion for interesting and unique cars," said McKeel Hagerty, CEO of Hagerty Insurance Agency. "Since our first Hot List in 2007, we've chosen cars that have peaked the interest of Americans and that we anticipate will be collectible in the future. This year we sifted through the good, the bad and the ugly of the past 10 years to present one new car from each year that you can bet your money on will be collectible 15 to 20 years from now."


For this year's Hot List: A Decade in Review, Hagerty reviewed mass produced cars from 2000 to 2009 with an MSRP of $100,000 or lower that valuation experts at the company predict will have collector appeal within the next 15 to 20 years. One car was selected from each year based on factors including how influential it was in the automotive industry, its "cool or unique factor" and its potential value in the collector car market.


Hagerty presents the Hagerty Hot List: A Decade in Review:

1. 2000 BMW M Roadster - The four-cylinder Z3 was a bit of a snooze, but
the M Roadster with 240 hp and a 0-60 time of around five seconds is a
Gen-X Shelby Cobra. Quad chrome pipes out the back, fat tires, special
side grilles and M badges identify this very special Z3. We believe in
the years to come this car will be highly desired by collectors for its
gracious curves and powerful engine.
2. 2001 Corvette ZO6 - While the 2001 ZO6's 385 horsepower is less than
the current base model Corvette, it did mark the return of the vaunted
ZO6 for the first time since 1963. The enthusiast publications were
shocked by GM's willingness to sell essentially a race-ready Corvette
straight from the factory.
3. 2002 Pontiac Firebird WS-6 "Ram-Air" - The Firebird burned bright in
its last year-- this was the most powerful Firebird ever produced (and
with the death of Pontiac, almost certainly the last). GM claimed it
was rated at 325 horsepower, but many Firebird enthusiasts claim they
were underrated by up to 40 horsepower. Not bad considering the most
powerful Mustang offered in 2002 had nearly 65 horsepower less.
4. 2003 Mini Cooper S "JCW" - In 2003 the Detroit Auto Show awarded this
Mini "North American Car of the Year". This car made our list not only
because it was the first year the "John Cooper Works" Tuning Kit was
available, but more importantly because anyone who drives one of these
cars walks away with a silly grin. It just begs to be driven hard and
often.
5. 2004 Cadillac CTS-V - This is the Cadillac for the Corvette enthusiast
who has to haul around kids and their gear. After decades of Cadillac
catering exclusively to the to those buying their last or second to
last cars, the new CTS-V with its 400 horsepower Z06 Corvette engine
will surely earn the respect of car collectors down the road as the
most memorable Caddy from this past decade.
6. 2005 Acura NSX - The NSX was the first production car to feature an
all-aluminum chassis, suspension and body, and was produced from
1990-2005 with very little changes throughout its 15 year run. The
breakthrough design influenced other supercars including the McLaren
F-1. It isn't uncommon to see an NSX on the auction bill at collector
car auctions often selling for nearly what they cost new.
7. 2006 Dodge Ram SRT-10 (viper powered pick-up) - Unlike any other Ram
pick-up, this one was produced solely for the purpose of speed. With
500 horsepower and even more torque straight from the factory, these
trucks would run less than a 14 second quarter-mile and easy
modifications put them into the 12 second category.
8. 2007 Ford Shelby Mustang GT 500 - Following the introduction of the
fifth-generation Ford Mustang, the Shelby nameplate was revived in 2007
for the first time since 1970. This new high performance version of the
Mustang as a way to pay tribute to the legendary Carroll Shelby. With
its retro looks, 500 horsepower, and Shelby's autograph on the dash,
this car introduced the younger generation to the glorious racing days
of the 1960s.
9. 2008 Dodge Challenger SRT8 - Mopar enthusiasts waited a long time for
this much anticipated tribute to one of the icons of the muscle car
era. When compared to all the retro inspired muscle cars of this
decade, our vote is for the Challenger as it most closely resembles its
first generation ancestor.
10. 2009 Pontiac Solstice GXP Coupe - With the death of Pontiac announced
toward the end of this decade, their last true sports car was the
Solstice GXP. The convertible version sold respectably for several
years, but this Coupe version was only produced for half a year. This
rare model will certainly be desirable in the years to come.



Hagerty Insurance Agency, Inc. is the leading insurance agency for collector vehicles in the world and host to the largest network of collector car owners. Hagerty offers insurance for collector cars, motorcycles and motorcycle safety equipment, tractors, automotive tools and spare parts, and even "automobilia" (any historic or collectible item linked with motor vehicles). Hagerty also offers overseas shipping/touring insurance coverage, commercial coverage and club liability coverage. For more information, call (800) 922-4050 or visit www.hagerty.com.


Photo: http://www.newscom.com/cgi-bin/prnh/20091221/LA28751
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN1
PRN Photo Desk, photodesk@prnewswire.com
Source: Hagerty

CONTACT: Esther Richardson of Luxe Communications, +1-323-951-0529,
esther@luxecommunications.com, for Hagerty; or Jonathan Klinger of Hagerty,
+1-231-922-8822, jklinger@hagerty.com


Web Site: http://www.hagerty.com/


Wednesday, October 08, 2008

Citizens Insurance Announces 2008 Community Scholarship Program

8 Oct 2008 15:14 Africa/Lagos

Citizens Insurance Announces 2008 Community Scholarship Program

College scholarships to be awarded based on Academic achievement and commitment to community service

HOWELL, Mich., Oct. 8 /PRNewswire/ -- Citizens Insurance Company of America today announced the launch of its 2008 community scholarship program. Students at public high schools in Brighton, Fowlerville, Hartland, Howell and Pinckney, as well as children of Citizens employees, are eligible to apply.


The scholarship program recognizes and rewards students who have excelled in academic achievement, leadership and community service. Over the past three years, Citizens Insurance has awarded $172,000 in college scholarships to 138 students.


(Logo: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO )


"At Citizens, we believe that a college education should be accessible and available to all who want to pursue it. We are excited to be able to help ease the financial burden of higher education for those students who have demonstrated excellence in school and in the community," said Paul Mueller, Citizens Insurance regional president.


Students interested in applying for a scholarship may download and print an application at the company's Web site: http://www.citizensinsurance.com/scholarships. Applications must be postmarked by Saturday, November 29. Scholarship winners for 2008 will be announced in January 2009. Awards are made through The Hanover Insurance Group Foundation, Inc., the charitable giving arm of Citizens' parent, The Hanover Insurance Group, Inc., based in Worcester, Mass.


The scholarship program is managed by Scholarship Management Services, a division of Scholarship America, the nation's leading scholarship program administrator.


About The Hanover Insurance Group Foundation


The mission of The Hanover Insurance Group Foundation, Inc. is to improve the quality of life in communities where The Hanover Insurance Group companies have a major presence, placing a special emphasis on helping to build world class public education systems and inspiring and empowering youth to achieve their full potential.


The Hanover Insurance Group, Inc. (NYSE:THG) , based in Worcester, Mass. is a leading provider of auto, home and business insurance in Massachusetts.


The Hanover Insurance Group, Inc. is the holding company for a group of insurers that includes The Hanover Insurance Company, also based in Worcester; Citizens Insurance Company of America, headquartered in Howell, Mich., and their affiliates. The Hanover offers a wide range of property and casualty products and services to individuals, families and businesses through an extensive network of independent agents, and has been meeting its obligations to its agent partners and their customers for more than 150 years. Taken as a group, The Hanover ranks among the top 40 property and casualty insurers in the United States. For more information, please visit http://www.hanover.com/.


CONTACTS:
Media Relations
Amy Lynn Banek
abanek@hanover.com
(508) 855-4486

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20051031/NEM023LOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Citizens Insurance Company of America

CONTACT: Amy Lynn Banek, Media Relations of The Hanover Insurance Group,
Inc., +1-508-855-4486, abanek@hanover.com


Web site: http://www.citizensinsurance.com/scholarships
http://www.hanover.com/



Monday, April 14, 2008

How To Be a Great Insurance Lawyer

14 Apr 2008 10:06 Africa/Lagos


How To Be a Great Insurance Lawyer

ONTARIO, Calif., April 14 /PRNewswire/ --

It is hard enough just getting into law school and keeping pace with core requirements, says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer. Darras worked selling medical equipment while attending law school and fell in love with the idea of helping the disabled fight for their insurance rights. See http://darrasnews.mediaroom.com/.


(Photo: http://www.newscom.com/cgi-bin/prnh/20070717/NYFNSC02 )

Have you thought about taking an insurance law course in law school?

"Elective insurance law courses cover everything from property, life, disability and health to auto, mortgage and long-term care. Whether you ultimately want to defend corporate insurance companies or represent the insured, it's a course that will reap real benefits. Insurance is everywhere and it is often hard to understand and difficult to square what you thought you bought with what you actually received," says Darras.


In his case, Darras says he wanted to be the voice of the disabled, so no matter whether they were rich or poor, they would know his name meant real protection when they needed it most. An insurance law elective, would have been a wonderful way for him to hit the ground running after graduation but it wasn't available.


"Twenty years later, Frank N. Darras is famous for setting the standard to which insurance lawyers are held. He has been a hero for the sick, the elderly and he really is a modern day David fighting Goliath," says James A. Hayes, Jr., Assistant Dean of Academic Programs and Associate Professor at Western State University College of Law. See http://www.wsulaw.edu/.


"Last month, at WSU, we held the first annual Frank N. Darras Disability Law Moot Court Competition, at the school's Fullerton campus. As far as we can tell, it is the only moot court competition in the country that focuses exclusively on disability law," says Hayes. "For tomorrow's lawyers to compete in this unique competition opens opportunities for their futures, but also for everyday Americans who buy insurance to protect them from the unthinkable."


"This competition affords law students the opportunity to understand insurance law and determine if this is the field they want to explore and master as a career. We sure could use some great insurance lawyers to stand up for everyday people," says Darras.


See http://darrasnews.mediaroom.com/ or call 800-458-4577.


Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Frank N. Darras http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=39767


Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20070717/NYFNSC02
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com
Source: Frank N. Darras

CONTACT: Robin Nolan, +1-650-279-9512, robin@mcdavidpr.com, for Frank N.
Darras


Web site: Darras News


NOTE TO EDITORS: Darras available for interviews.

Tuesday, February 26, 2008

Airline Insurance Market Expected to be Tougher in 2008

26 Feb 2008 20:34 Africa/Lagos


Airline Insurance Market Expected to be Tougher in 2008

Aon's Airline Insurance Market Review 2007 shows less soft market


CHICAGO, Feb. 26 /PRNewswire-FirstCall/ -- The high level of hull and liability claims, at $1.7 billion, coupled with the lowest amount of lead hull and liability premium since 2000 ($1.5 billion), means that the airline insurance market was broadly unprofitable in 2007. The negotiating process is likely to be tougher in 2008 as a result, according to Aon's Airline Insurance Market Review of 2007.


(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)


This is the key finding of the review that brings together data for the last year and extrapolates its likely effect on the market in 2008 and beyond.


The review's findings include:
-- total recorded lead hull and liability premium for 2007 was
$1.5 billion, a reduction of 30 percent since 2005;
-- total incurred claims, including hull, liability and an estimate for
attritional losses, amounted to $1.7 billion;
-- North American fleet values, at $192 billion, fell below those of
Europe and Asia, both at $193 billion, for the first time in 2007.
North American passenger numbers, however, were still higher than the
other two major aviation regions;
-- the proportion of passengers travelling with flag carriers has fallen
from 66 percent in 2005 to 48 percent in 2007.



Having started the year with average premium reductions of around 20 percent, the airline insurance market became gradually less soft as the year progressed with underwriters recognising the probability that the value of hull claims would outweigh the total lead hull and liability premium.


"After four years of soft markets, it looks like 2007 may well have seen the cost of airline insurance reach something of an equilibrium," says Doug Peterson, Aon Aviation & Aerospace group practice leader. "Despite the relatively high number of hull losses in 2007, there were fewer fatalities compared to the average over the last decade. Capacity continues to be high, but it seems unlikely that providers will continue to offer the high level of reductions witnessed over the last couple of years. As a result, 2008 looks set to be a fascinating year in the airline insurance markets."


Download the report at http://aon.mediaroom.com/index.php?s=55.

Media contact:
Alexandra Lewis
020 7882 0541
Alexandra.lewis@aon.co.uk

Rahsaan Johnson
312.381.2684
Rahsaan_Johnson@aon.com


About Aon

Aon Corporation (NYSE:AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. Through its 43,000 professionals worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was ranked by A.M. Best as the number one global insurance brokerage in 2007 based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.


Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network:
PRN Photo Desk, photodesk@prnewswire.com
Source: Aon Corporation

CONTACT: Alexandra Lewis, 020 7882 0541, Alexandra.lewis@aon.co.uk, or
Rahsaan Johnson, +1-312-381-2684, Rahsaan_Johnson@aon.com, both of Aon
Corporation


Web site: http://www.aon.com/
http://aon.mediaroom.com/


NOTE TO EDITORS: The review looks in detail at data from across the aviation market, breaking it down by region, average fleet value (AFV), sector and month, as well as providing a round up of market and industry activity, a comprehensive loss review and examination of the geographic changes in industry profile. It examines how the industry's evolution during 2006 will impact the market during 2007 and beyond.

Airline Insurance Market Expected to be Tougher in 2008

26 Feb 2008 20:34 Africa/Lagos


Airline Insurance Market Expected to be Tougher in 2008

Aon's Airline Insurance Market Review 2007 shows less soft market


CHICAGO, Feb. 26 /PRNewswire-FirstCall/ -- The high level of hull and liability claims, at $1.7 billion, coupled with the lowest amount of lead hull and liability premium since 2000 ($1.5 billion), means that the airline insurance market was broadly unprofitable in 2007. The negotiating process is likely to be tougher in 2008 as a result, according to Aon's Airline Insurance Market Review of 2007.


(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)


This is the key finding of the review that brings together data for the last year and extrapolates its likely effect on the market in 2008 and beyond.


The review's findings include:
-- total recorded lead hull and liability premium for 2007 was
$1.5 billion, a reduction of 30 percent since 2005;
-- total incurred claims, including hull, liability and an estimate for
attritional losses, amounted to $1.7 billion;
-- North American fleet values, at $192 billion, fell below those of
Europe and Asia, both at $193 billion, for the first time in 2007.
North American passenger numbers, however, were still higher than the
other two major aviation regions;
-- the proportion of passengers travelling with flag carriers has fallen
from 66 percent in 2005 to 48 percent in 2007.



Having started the year with average premium reductions of around 20 percent, the airline insurance market became gradually less soft as the year progressed with underwriters recognising the probability that the value of hull claims would outweigh the total lead hull and liability premium.


"After four years of soft markets, it looks like 2007 may well have seen the cost of airline insurance reach something of an equilibrium," says Doug Peterson, Aon Aviation & Aerospace group practice leader. "Despite the relatively high number of hull losses in 2007, there were fewer fatalities compared to the average over the last decade. Capacity continues to be high, but it seems unlikely that providers will continue to offer the high level of reductions witnessed over the last couple of years. As a result, 2008 looks set to be a fascinating year in the airline insurance markets."


Download the report at http://aon.mediaroom.com/index.php?s=55.

Media contact:
Alexandra Lewis
020 7882 0541
Alexandra.lewis@aon.co.uk

Rahsaan Johnson
312.381.2684
Rahsaan_Johnson@aon.com


About Aon

Aon Corporation (NYSE:AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. Through its 43,000 professionals worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was ranked by A.M. Best as the number one global insurance brokerage in 2007 based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.


Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network:
PRN Photo Desk, photodesk@prnewswire.com
Source: Aon Corporation

CONTACT: Alexandra Lewis, 020 7882 0541, Alexandra.lewis@aon.co.uk, or
Rahsaan Johnson, +1-312-381-2684, Rahsaan_Johnson@aon.com, both of Aon
Corporation


Web site: http://www.aon.com/
http://aon.mediaroom.com/


NOTE TO EDITORS: The review looks in detail at data from across the aviation market, breaking it down by region, average fleet value (AFV), sector and month, as well as providing a round up of market and industry activity, a comprehensive loss review and examination of the geographic changes in industry profile. It examines how the industry's evolution during 2006 will impact the market during 2007 and beyond.

Airline Insurance Market Expected to be Tougher in 2008

26 Feb 2008 20:34 Africa/Lagos


Airline Insurance Market Expected to be Tougher in 2008

Aon's Airline Insurance Market Review 2007 shows less soft market


CHICAGO, Feb. 26 /PRNewswire-FirstCall/ -- The high level of hull and liability claims, at $1.7 billion, coupled with the lowest amount of lead hull and liability premium since 2000 ($1.5 billion), means that the airline insurance market was broadly unprofitable in 2007. The negotiating process is likely to be tougher in 2008 as a result, according to Aon's Airline Insurance Market Review of 2007.


(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)


This is the key finding of the review that brings together data for the last year and extrapolates its likely effect on the market in 2008 and beyond.


The review's findings include:
-- total recorded lead hull and liability premium for 2007 was
$1.5 billion, a reduction of 30 percent since 2005;
-- total incurred claims, including hull, liability and an estimate for
attritional losses, amounted to $1.7 billion;
-- North American fleet values, at $192 billion, fell below those of
Europe and Asia, both at $193 billion, for the first time in 2007.
North American passenger numbers, however, were still higher than the
other two major aviation regions;
-- the proportion of passengers travelling with flag carriers has fallen
from 66 percent in 2005 to 48 percent in 2007.



Having started the year with average premium reductions of around 20 percent, the airline insurance market became gradually less soft as the year progressed with underwriters recognising the probability that the value of hull claims would outweigh the total lead hull and liability premium.


"After four years of soft markets, it looks like 2007 may well have seen the cost of airline insurance reach something of an equilibrium," says Doug Peterson, Aon Aviation & Aerospace group practice leader. "Despite the relatively high number of hull losses in 2007, there were fewer fatalities compared to the average over the last decade. Capacity continues to be high, but it seems unlikely that providers will continue to offer the high level of reductions witnessed over the last couple of years. As a result, 2008 looks set to be a fascinating year in the airline insurance markets."


Download the report at http://aon.mediaroom.com/index.php?s=55.

Media contact:
Alexandra Lewis
020 7882 0541
Alexandra.lewis@aon.co.uk

Rahsaan Johnson
312.381.2684
Rahsaan_Johnson@aon.com


About Aon

Aon Corporation (NYSE:AOC) is the leading global provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. Through its 43,000 professionals worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Our industry-leading global resources, technical expertise and industry knowledge are delivered locally through more than 500 offices in more than 120 countries. Aon was ranked by A.M. Best as the number one global insurance brokerage in 2007 based on brokerage revenues, and voted best insurance intermediary, best reinsurance intermediary, and best employee benefits consulting firm in 2007 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com/.


Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network:
PRN Photo Desk, photodesk@prnewswire.com
Source: Aon Corporation

CONTACT: Alexandra Lewis, 020 7882 0541, Alexandra.lewis@aon.co.uk, or
Rahsaan Johnson, +1-312-381-2684, Rahsaan_Johnson@aon.com, both of Aon
Corporation


Web site: http://www.aon.com/
http://aon.mediaroom.com/


NOTE TO EDITORS: The review looks in detail at data from across the aviation market, breaking it down by region, average fleet value (AFV), sector and month, as well as providing a round up of market and industry activity, a comprehensive loss review and examination of the geographic changes in industry profile. It examines how the industry's evolution during 2006 will impact the market during 2007 and beyond.