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Monday
3/24/2008
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Your Insurance News "Strategic
Relationship" |
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Read online at
www.insurancebroadcasting.com.
Read daily by
over 450,000 insurance industry
subscribers.
Walt Podgurski, CLU, CES, Publisher & Editor
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© Copyright Notice
- the information on this page is protected by the copyright
laws - all rights reserved.
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Colonial
Life
is seeking to fill two Regional Recruiting Management
opportunities in the Midwest Region. |
We are
looking for people in two of the following market areas who want
to share our competitive edge and innovative spirit to join our
team. The Midwest Regional Office is based in Omaha, NE,
however; these roles will be placed in two of the cities located
in the Midwest Region supported by the regional office to take
advantage of strategically placed hubs of travel.
Possible
placement locations and areas of shared support will include:
Omaha, NE - Minneapolis, MN - Detroit, MI - Denver, CO - Kansas
City, KS - St. Louis, MO - Chicago, IL - Indianapolis, IN -
Louisville, KY
Job Expectations:
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Partner with
the Territory Sales Managers to increase (recruit, train and
develop) the number of sales managers in each Territory.
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Recruit new
sales managers / assistant sales managers and support the
recruiting of sales reps while managing regional recruiting
activities.
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Mentor,
train and support the territory recruiters.
Principal Duties and Responsibilities
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Direct
sourcing of sales manager candidates through all means available
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Direct
screening and evaluation of candidates with completion of
interview
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Deliver
training on recruiting, induction, training skills and
techniques for sales management teams.
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Mentor,
train and conduct joint field work and monitor activities of
Territory Recruiting team while collecting and analyzing
activity reports for coaching and activity management.
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Support the
contract process for new sales reps and managers.
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Develop business plan for expansion recommendations and strategies to
achieve plan in conjunction with the Regional Development
Manager, Territory Manager, Regional VP and National Director of
Recruiting Department.
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Conduct
regional recruiting activities to include recruiting seminars
and other recruiting approaches.
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Work
directly with newly contracted managers to orient them to
Colonial Life.
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Conduct
conference calls related to recruiting activities.
Job Specifications
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Prior
management experience
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Prior
successful recruiting experience with sales and training
background preferred
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Proficiency
in project management and facilitator skills
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Ability and
willingness to travel from 50-70% of the time within the region
supporting 4-5 territory locations
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Working
knowledge of personal computers and the internet
Compensation and benefits package
includes:
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Starting
base salary: $45 to $50 K.
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Incentive
bonus targeted: $20 K+ at 100% of objectives.
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Excellent
benefits package.
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Comprehensive training, coaching and development.
This is a full
time employee position reporting directly to the Regional
Development Manager, Mick Occhiuto.
Reply with
resume emailed to: Mick
Occhiuto RHU, LUTCF, Regional Development Manager, Midwest Region,
Phone: 402.740.4014, E-mail:
maocchiuto@coloniallife.com
Colonial Life is the marketing brand
of Colonial Life & Accident Insurance Company.
Daily Quote:
"Life is like an
ever-shifting kaleidoscope - a slight change, and all patterns alter." -
-
Sharon Salzberg
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-
Nevada high court
reverses ruling on health insurance
- San Diego Union
Tribune, United States
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Don't have flood
insurance? Here's how to get it
- Columbus Dispatch, OH
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Flood insurance a
valuable asset
- Quad-Cities Online, IL
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Report: Health insurance
a matter of life or death
- DesMoinesRegister.com, IA
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"Young Immortals" Still
Aren't Buying Health Insurance
- KCPW, UT
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Can You Afford Health
Insurance? If Not, Read This!
- Del Rio Live!, TX
-
House rejects ban on
universities' domestic partners health insurance
- Louisville
Courier-Journal, KY
-
Wording In Bond
Insurance Contracts Could Drive Lawsuits
- CNNMoney.com
-
Dexia Picks Up
Bond Insurance Market Share; Buffett Enters Fray
- Bloomberg
-
Man at insurance agency
beaten, robbed of $500
- Toledo Blade, OH
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Board approves insurance
co-pay, contribution hikes
- Bizjournals.com, NC
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Some insurance gets tax
breaks
- Allentown Morning Call, PA
-
OPP probe RCMP
insurance program
- Toronto Star, Canada
-
Yapi Kredi To
Seek Insurance Partner In A Few Weeks - Source
- CNNMoney.com
-
How to play insurance in
a risk-averse world
- International Herald
Tribune, France
-
AIIEA wants
merger of PSU insurance companies
- Business Standard, India
-
South Africa Insurance
Industry Experiencing Upsurge
- PRMinds (press
release), France
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Mergers / Acquisitions / Earnings
/ Strategic Alliances / Capitalization
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Back To Top |
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Meetings /
Seminars / Conferences / Webinars
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Back To Top |
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www.partnerwith.com
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1.The
Hayward Fault: America's Most Dangerous? |
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An earthquake
of M6.8 or greater on the Hayward Fault, in the heart of the San
Francisco Bay area, is increasingly likely. The last major
earthquake on the Hayward Fault was in 1868, 140 years ago:
research by the U.S. Geological Survey (USGS) and others
indicate the past five such earthquakes have been 140 years
apart on average.
According to
newly updated information from members of the 1868 Hayward
Earthquake Alliance, a major earthquake on the Hayward fault
would impact more than 5 million people and property and
contents valued in excess of $1.5 trillion in the six counties
surrounding the fault. If the 1868 earthquake were to reoccur
today, Risk Management Solutions (RMS) estimates total economic
losses to residential and commercial properties would likely
exceed $165 billion. Other factors, such as fire, damage to
infrastructure and related disruption would substantially
increase the loss.
In marked
contrast to Hurricane Katrina where uninsured losses were
approximately 60 to 70 percent of total economic losses, more
than 95 percent of projected Hayward Fault earthquake
residential losses and 85 percent of commercial losses would be
uninsured.
"Bay Area
residents, businesses and local governments need to take action
now to reduce future losses. The public understands this and
has repeatedly supported bond measures for well-planned seismic
upgrade projects, such as the ongoing retrofit of BART and the
Hetch Hetchy system," said Mary Lou Zoback, earthquake expert
from RMS.
"Public and
private organizations have already invested over $30 billion to
retrofit or replace vulnerable buildings and infrastructure, but
more needs to be done," said Tom Brocher, seismologist with the
USGS. Until the Bay Bridge and BART undergo major retrofits,
they remain vulnerable to earthquakes and more than 180,000
daily commuters who currently use them could face having to take
overtaxed alternate routes for months.
Similarly,
until the Hetch Hetchy aqueduct system upgrade is complete,
earthquake-related activity could cut off water for 2.4 million
Bay Area residents, according to a recent report by the Bay Area
Economic Forum.
"People should
realize there is a possibility that they won't be able to drive
home from work or pick up their children from school," said
Jeanne Perkins from the Association of Bay Area Governments. "A
Hayward Fault earthquake could close 1,100 roads, including 900
in Alameda County alone."
Oakland and San Francisco international airports and nearly all the
region's port facilities are built on materials prone to
earthquake damage. As a result, the capacity to deliver the
goods needed to support recovery would be significantly
diminished. "We hope that this information will promote greater
awareness among the general population and will encourage
businesses and lifeline operators to achieve greater resiliency
in our infrastructure," said Keith Knudsen, a representative of
the Earthquake Engineering Research Institute (EERI).
While the
projected consequences of a Hayward Fault earthquake are
staggering, and similar to that of the 1868 earthquake, authors
of this research are encouraged by the interest that residents
and community leaders are showing in mitigation and
preparedness. "We hope that our research will facilitate more
informed decision making on the part of local officials," said
Brocher.
The research
authors include Thomas Brocher, U.S. Geological Survey, Keith
Knudsen, URS Cooperation, Mary Lou Zoback, Risk Management
Solutions, Jeanne Perkins, Association of Bay Area Governments,
Margaret Hellweg, University of California, Berkeley, William
Savage, U.S. Geological Survey, Kathy Bailey, California
Governor's Office of Emergency Services.
The authors are
also members of the 1868 Hayward Earthquake Alliance
http://www.1868alliance.org.
Schools and
other organizations are encouraged to conduct an earthquake
drill on Tuesday, October 21st, 2008, the 140th anniversary of
the 1868 Hayward earthquake. Visit
http://www.1868alliance.org for more information.
Risk Management
Solutions is the world's leading provider of products, services,
and expertise for catastrophe risk management. More than 400
leading insurers, reinsurers, trading companies, and other
financial institutions rely on RMS models to quantify, manage,
and transfer risk.
Founded at
Stanford University in 1988, RMS serves clients today from
offices in the U.S., Bermuda, Europe, Japan, and India. For more
information, visit www.rms.com.
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2.XL
Capital Ltd Issues Statement Regarding Media Coverage of Merrill Lynch
Lawsuit against XL Capital Assurance Inc. (XLCA) a Subsidiary of
Security Capital Assurance Ltd |
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HAMILTON,
Bermuda, March 20 /PRNewswire-FirstCall/ -- XL Capital Ltd
(NYSE: XL) ("the Company") announced today that, based on
numerous erroneous press reports, it sought to clear up
confusion in the media regarding the lawsuit filed by Merrill
Lynch International against Security Capital Assurance Ltd's
(NYSE: SCA) subsidiary, XL Capital Assurance Inc. (XLCA),
relating to certain credit default swap transactions entered
into by trusts and insured by XLCA following SCA's IPO in August
2006.
XL Capital Ltd
is not a party to such lawsuit. XLCA is not a subsidiary of XL.
Pursuant to a transition agreement entered into at the time of
the IPO, SCA is permitted to use the "XL" name until August
2008. XL owns approximately 46% of the common equity interest of
SCA.
As the above
dispute is between Merrill Lynch International and XLCA, any
queries regarding the lawsuit should be referred directly to the
parties to such lawsuit.
Further
information regarding XL's relationship with SCA may be found in
XL's Form 10-K (and 10-KA) for the year ended December 31, 2007
on file with the Securities Exchange Commission.
http://www.xlcapital.com.
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3.New
PIACT president details association’s goals, strength of independent
agency system |
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HARTFORD,
Conn.—In his inaugural speech at the Professional Insurance
Agents of Connecticut Inc.’s Annual Convention, Michael Keating,
newly elected president of PIACT, cited industry perpetuation,
technology and competition as the key challenges for the
association in the coming year and he underscored the continued
success of professional independent agents as the best
distribution source for insurance for companies and consumers.
Keating’s remarks were made Monday, March 17, at the Foxwoods
Resort Casino, Mashantucket, Conn.
“It has been
said that productivity is never an accident,” Keating said. “It
is always the result of a commitment to excellence, intelligent
planning and focused effort. Our success as independent agents
has been no accident, as witnessed by our ability to adapt to
the ever-changing marketplace.”
The new
president also described for the membership the key challenges
faced by independent agents that PIACT will focus on addressing
in the coming year. “The independent agency system faces a
multitude of challenges in the foreseeable future,” he said.
“Our association can continue work to address these issues in
the coming year and beyond.”
Perpetuation
was one of the key issues Keating addressed. He noted that the
insurance industry is graying, with the majority of agents near
retirement age. With a shortage of new talent entering the
industry, agents must work to identify and nurture the next
generation through networking and mentoring programs. Keating
cited the importance of working the with Young Insurance
Professionals organization to further increase outreach to
younger employees.
Additionally,
Keating named technology as a significant challenge for
independent agents. He stressed the importance of shaking the
industry’s “old and stodgy” reputation by embracing real-time
technology in order to enhance the ability to better advice
clients. This is essential to the independent agency system
persisting as the premier sales distribution system for
insurance.
Finally,
Keating addressed the continued competition from direct writers
that independent agents face and emphasized the importance of
continuing to bring value to customers and always demonstrating
to them that professional independent agents bring added worth
to the insurance they purchases. “We must continue to
differentiate ourselves from the competition,” he said. “The
role of the professional agent is in bringing knowledge to the
consumer and presenting them with choices.”
Keating
concluded by noting the importance of PIACT in supporting the
perpetuation of the independent agency system, particularly in
the face of a weakened economy. “Agents are closing their doors,
merging with other agencies and seeing a soft market beyond many
recent memories,” he said. “It is good to know that the PIA
family is strong. This association brings unparalleled value and
services to independent agents, serving as an advocate for the
independent agent system and ensuring the voice of our
membership is heard in a demanding marketplace.”
www.pia.org/CT |
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4.
Is Your Business Insured For Flood Loss? |
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Melting Snow
and Spring Rains Can Cause Damage, Cautions the I.I.I.
NEW YORK, March
20, 2008 — With the official start of spring, melting snow and
rains are already causing flooding across the country;
businesses should make sure they have flood insurance, according
to the Insurance Information Institute (I.I.I.).
Standard
business insurance policies provide coverage for disasters such
as fire, lightning, hurricanes and winter-related damage
including burst pipes, but flood damage is not included. Flood
insurance is available through the federal government’s National
Flood Insurance Program (NFIP). To purchase flood insurance,
your business must be located in a community that participates
in the NFIP. Fortunately, most communities do participate and
flood insurance is readily available.
“One of the
biggest mistakes a business owner can make is not to buy flood
insurance,” said Loretta Worters, vice president, I.I.I.
“Business owners should contact their insurance broker or
company representative now to make sure they have the right type
and amount of coverage.”
Coverage limits
for a standard flood policy are $500,000 for the business
structure and $500,000 for the business contents; coverage for
structure and contents is provided on an actual cash value basis
(i.e., the replacement cost of an insured item at the time of
loss, less the value of depreciation). Deductibles range from
$500 to $1,000, depending on the policy you buy. Generally, if
you buy a policy for a business located inside a floodplain (any
area susceptible to being inundated by floodwaters), the
deductible is $1,000, unless mitigation measures have been taken
to protect the building.
For more
information on how to properly insure your business, visit the
I.I.I. Web site.
For more
information on flood risk, visit
www.FloodSmart.gov. |
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5.
X PRIZE Foundation & Progressive Insurance join forces to announce the
$10 million Progressive Automotive X PRIZE— the race to develop ultra
fuel-efficient cars |
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Sponsorship
will help build consumer awareness of Progressive and drive even
more business to its independent insurance agents
MAYFIELD
VILLAGE, Ohio (March 20, 2008)—Today at the New York
International Auto Show, Progressive and the X PRIZE Foundation
jointly announced the company’s title sponsorship of the
Progressive Insurance Automotive X PRIZE and its funding of the
$10 million prize purse.
The Progressive
Automotive X PRIZE is an international competition designed to
inspire a new generation of viable, super fuel-efficient
vehicles. The independent and technology-neutral competition is
open to teams from around the world that can design, build and
bring to market 100 MPGe (miles per gallon energy equivalent)
vehicles that people want to buy, and that meet market needs for
price, size, capability, safety and performance.
“We’ve been
working hard to make a difference in car insurance for 70
years,” said Progressive’s CEO, Glenn Renwick. “Now we have a
chance to make a difference by supporting the Progressive
Automotive X PRIZE. This competition will result in more choices
of more fuel-efficient vehicles for drivers and will be a
catalyst for moving this technology forward, faster.”
“This
competition is also an opportunity for us to connect with
consumers in a different way and make Progressive even more of a
household name,” added Renwick. “Building more consumer
awareness will drive even more business to our independent
agents and help us grow.”
For more
information, go to
www.progressiveautoxprize.org.
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6.
Economy Chief Issue Influencing Presidential Vote, Latest CNN/Opinion
Research Corporation Poll Shows |
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OMAHA,
Neb.--(BUSINESS WIRE)--Opinion Research Corporation (an infoUSA
Company) (NASDAQ:IUSA) today announced that the results of the
latest CNN/Opinion Research Corporation Poll showed 42% of
respondents cited the economy as the most important issue
influencing their decision in voting for President. Other chief
considerations were the war in Iraq (21%); healthcare (18%) and
terrorism (10%), with illegal immigration trailing behind (7%).
The economy has grown as an issue of significance since October
2007, when only 22% of respondents cited it as the most
important issue. The poll also revealed that nearly
three-quarters (74%) of 515 respondents interviewed believe the
economy is now in a recession, with 29% considering the downturn
serious. Fifty-three percent of respondents (53%) are expecting
the recession to last at least one year. |
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7.
30 Core Values to
Creating the Perfect Firm |
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After a quarter
century, we discovered the perfect insurance firm that lives and
breathes a culture of success, surpassing every measurable
benchmark.
By Rob Lieblein
(LEADER’S EDGE
NEWS SERVICE) It has been said that the only thing we take to
our grave is our reputation. Money, success, these sorts of
things must be left behind. But in the minds of our former
associates, friends and family, how we’re remembered is the
defining element of our lives, and we can only hope our
reputation is recalled in terms of our values, our beliefs and
our integrity.
The same
principle holds true for a company, but substitute the term
“culture” for reputation. A company might make a ton of money
and make a number of people rich, but it won’t be discussed
outside Wall Street or considered by potential customers in
terms of its moneymaking ability.
The most
important ingredient that triggers all of the steps to improve
your business is your firm’s culture. What is “culture,” why is
it so critical to success and how can a leader build and keep a
culture?
Click here to
continue:
www.leadersedgemagazine.com/feature_D.htm
www.ciab.com |
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8.
"Impaired Life"
Annuities Set For Robust Growth |
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Thu Mar 20,
2008 8:34am
By Clara
Ferreira-Marques
LONDON
(Reuters) - With healthy pensioners living ever longer, at a
cost to the annuity industry, providers of "impaired life"
annuities to smokers and the sick are carving out a rewarding
niche that looks set for heady growth.
With longevity
rising, extended payouts to pensioners are already a major
concern for UK insurers and investors, with Prudential (PRU.L:
), Aviva (AV.L: ) and Legal & General all taking heavy charges in 2007.
© Reuters 2008 All rights reserved |
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9.
Small business wields
power in U.S. health debate |
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Thu Mar 20,
2008 2:44pm EDT
By Kim Dixon
WASHINGTON
(Reuters) - The mom and pop businesses that make up the bulk of
America's employers, key players in scuttling health reform
during the Clinton years, say years of crushing costs have them
backing major changes this time around.
The National
Federation of Independent Business helped derail President Bill
Clinton's effort to overhaul the health insurance system during
the 1990s, with a massive direct mail and telephone campaign,
and a blitz of lawmaker lobbying.
Now, small
companies with an average of 10 workers are bearing the greatest
burden of insurance premium increases, which have grown twice as
fast as inflation for several years. They've started lobbying
the presidential candidates early and are pushing for changes to
taxes and state laws.
"The situation
for small business is much worse than it was in 1994 in terms of
cost," said Todd Stottlemyer, the group's president. "We can't
just say 'no' today."
It is much
cheaper per employee for large companies to provide health
insurance, with more employees to balance risk and spread
administrative costs.
And workers pay
18 percent more for premiums than their counterparts at larger
firms, according to a study by the Commonwealth Fund, a
nonprofit research group.
"The NFIB is
starting to listen to its members," said Peter Harbage, a
Democratic health strategist who has worked for former
presidential candidate John Edwards. "The whole health-care
system seems designed to work against small business."
These companies
represent 80 percent of total U.S. employment. The influence
lies in these hard numbers, but also their ubiquitousness in
grass-roots politics.
© Reuters 2008
All rights reserved |
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10.
Questions Abound On
Bear Stearns Buyout |
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Thu Mar 20,
2008 5:10pm EDT
By Martha
Graybow
NEW YORK
(Reuters) - Stunned Bear Stearns shareholders who saw
investments virtually wiped out overnight when a takeover deal
with JPMorgan Chase was unveiled are demanding to know how it
was put together in the first place.
For instance,
they -- and Washington lawmakers -- want answers on how the deal
was arranged, and gained government approval and financing, all
in a few hours, and seemingly without alternative bidders being
canvassed.
They also have
a host of questions about the role of the Federal Reserve and
the Treasury Department in engineering the emergency deal.
So far, some
crucial details remain murky.
(Additional
reporting by Diane Bartz and Richard Cowan in Washington;
Editing by Andre Grenon)
© Reuters 2008
All rights reserved |
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11.
Court orders Starbucks
pay workers $106 million: lawyer |
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Fri Mar 21,
2008 12:58am EDT
LOS ANGELES
(Reuters) - A San Diego Superior Court Judge ordered coffee
chain Starbucks to pay $87 million plus interest to workers who
say that their tips unfairly had been shared with supervisors.
David Lowe,
lawyer for the workers, on Thursday said the total including
interest amounted to some $106 million.
Starbucks in a
statement said it would appeal the judgment, which also required
that Starbucks cease letting supervisors share tips.
The ruling by
Judge Patricia Cowett covers more than 100,000 current and
former workers, known as baristas, who worked for Starbucks in
California since late 2000, said Lowe, of firm of Rudy, Exelrod
& Zieff.
"Plaintiff
class (baristas during the class period) are entitled to
restitution against Starbucks in an amount equal to the amount
paid out of pooled tips to shift supervisors during the class
period," Cowett wrote in a decision dated March 19.
(Reporting by
Peter Henderson; Editing by Gary Hill)
© Reuters 2008
All rights reserved |
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12.
Workers’ Compensation
Costs Per Claim in Maryland Grew Rapidly in Most Study Years, WCRI Study
Reports |
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Average
Cost Per Claim Still Typical Among 14 States Studied
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Workers’ compensation costs per
claim in Maryland grew rapidly in four out of five study years,
according to a new study by the Workers Compensation Research
Institute (WCRI). The major driver was rapid growth in average
medical payments per claim.
The study by
the Cambridge, Mass.-based WCRI found that workers’ compensation
average costs per claim grew 5 percent in 2005/2006 claims (2005
claims, evaluated in mid 2006), close to the growth rate in the
14-state median.
The study
reported that average costs per claim in Maryland were typical
of the 14 study states for a similar set of 2003/2006 claims.
This result masked the offsetting effects of medical payments
per claim that were among the lowest of the 14 study states and
the fact that Maryland had a higher percentage of claims with
more than seven days of lost time.
Medical costs
per claim with more than seven days of lost time in Maryland
were among the lowest of the study states – 33 percent lower
than the 14-state median. According to another WCRI study,
Baselines for Evaluating the Impact of the 2004 Fee Schedule
Changes in Maryland: The Anatomy of Workers’ Compensation
Medical Costs and Utilization, 6th Edition, this lower payment
per claim was primarily the result of lower prices paid, which
was consistent with the relatively lower nonhospital fee
schedule in Maryland. www.wcrinet.org |
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13.Humana
Military Healthcare Services Unveils Online Educational Videos for
National Guard and Reserve Members |
|
TRICARE
Educational Briefings Available for Activated Guard/Reserve
Members and Families
LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana Military Healthcare Services (HMHS)
announced today an additional online resource available for
National Guard and Reserve members. The newly added resource, a
series of educational briefings accessible from the internet,
explains TRICARE benefits for activated Guard and Reserve
members and their families. Topics include; an overview of
TRICARE, inactive duty status, benefits during pre-activation
and activation periods, TRICARE for family members, TRICARE
Reserve Select, and behavioral healthcare services.
“Guard and
Reserve members have unique circumstances as a result of their
activation status - they can be serving only on the weekends,
then activated for duty within a short amount of time. As a
result, their eligibility for healthcare coverage can change
quickly,” said Dave Baker, president and CEO of HMHS. “Humana
Military wants to provide these brave men, women and their
families easily accessible information available day or night.
It’s a great introduction to the TRICARE system,” said Baker.
The briefings
may be viewed by visiting Humana Military’s website,
www.humana-military.com,
clicking on the National Guard and Reserve link, view National
Guard and Reserve presentations. |
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14.
Burns & McDonnell
Selects the Principal Financial Group for Total Retirement Program
|
|
Combined plan
assets total $770 million
DES MOINES,
Iowa--(BUSINESS WIRE)--One of the nation’s largest engineering,
architectural and construction firms has chosen the Principal
Financial Group® to provide retirement plan services, giving
employees a consolidated view of accounts. The contract became
effective October 1, 2007.
The Principal®
has been the employee stock ownership plan (ESOP) service
provider for Kansas City-based Burns & McDonnell since 2003. The
Principal will now be providing defined contribution 401(k) plan
services and enhanced ESOP plan services for the firm.
Combined assets
for the Burns & McDonnell ESOP and 401(k) plans are
approximately $770 million. Annual deposits from the plans’
2,200 participants are estimated at $23 million.
www.principal.com |
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15.
Settlements For Life
Selected Life Settlement Broker Of Choice For MVP Financial Services |
|
Memphis, TN,
March 20, 2008 – MVP Financial Services announced today that it
has selected Settlements For Life as its broker of choice for
all life settlement transactions.
This rewarding
product will be marketed immediately to all of MVP’s producers.
|
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16.
INSURANCE NEWSCAST "Pictures Of The Day" -- Sponsored By:
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France's
President Nicolas Sarkozy poses as he inaugurates
"Le Terrible", a new generation nuclear-armed
submarine, in Cherbourg, western France March 21,
2008.
REUTERS/Christophe Ena/Pool
|
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Gas prices hit record $3.26,
diesel at $4.06
NEW YORK (Reuters) - The average price of a gallon of gas in the
United States has risen to a record $3.26, and the cost of
diesel fuel has soared to a record $4.06 a gallon, adding to
pressure on consumers and the companies that deliver their
goods. A customer fills a car's tank at a gas station
approximately one mile from the White House in Washington March
11, 2008.
REUTERS/Larry Downing
|
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Traffic policemen check fake
vehicle plates in Zaozhuang, Shandong province March 20, 2008.
REUTERS/China Daily |
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Penitents wait
before taking part in the procession of "El Encuentro"
brotherhood during Holy Week in the Andalusian city of Almeria,
southeast Spain March 20, 2008. REUTERS/Francisco Bonilla |
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Saturn's moon
Titan may harbor underground ocean
An artist's imagination of
hydrocarbon pools, icy and rocky terrain on the
surface of Saturn's largest moon Titan is seen in an
undated handout image.
REUTERS/Steven Hobbs/Handout
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Tibetan monks sit
at a Buddhist temple in Dharamsala March 20, 2008. REUTERS/Arko
Datta |
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A Bhutanese dancer
is airborne during the annual Tsechu festival in Paro March 21,
2008. The tiny and deeply traditional Himalayan kingdom of
Bhutan takes a slightly nervous step into the modern world on
Monday when it holds the first parliamentary elections in its
history. REUTERS/Desmond Boylan (BHUTAN) |
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Devotees raise their hands to receive holy water from a priest
during celebrations of the Hindu religious festival of Holi in
the western Indian city of Ahmedabad March 21, 2008. The
tradition of Holi heralds the beginning of spring and is
celebrated all over India. REUTERS/Amit Dave (INDIA) |
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Tibetans living in Nepal light butter lamps at Baudha Stupa in
Nepali capital Kathmandu March 21, 2008. The Tibetans were
showing solidarity with the movement in Tibet. REUTERS/Gopal
Chitrakar (NEPAL) |
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