Wednesday, August 29, 2012

Connecticut Moving Ahead With New Health Care Exchange

August 28, 2012Email ThisPrintNewslettersTweetArticleComments

Connecticut officials are pushing ahead with plans to set up the new health insurance exchange, a marketplace where individuals and businesses can find affordable coverage, by next fall.

The federal Center for Medicare and Medicaid Services last week awarded the state a $107 million grant. It was the latest allotment from the federal government as part of President Barack Obama’s health care overhaul law. To date, the state has now received a total of $116 million.

Connecticut is one of a handful of states to have received a so-called Level-Two Establishment Grant. It joins Washington, Rhode Island, Maryland, Nevada and Vermont.

View the Original article

Torus Adds New Coverage for the Reproductive Medicine Industry

August 28, 2012Email ThisPrintNewslettersTweetArticle1 Comments

Torus has expanded its medical expense liability and medical professional liability coverage to the rapidly-growing reproductive medicine industry, which assists with reproduction via in-vitro fertilization and other technologies.  The  Torus product lines are available for medical providers who are board certified to provide IVF procedures to egg donors and or implantation recipients. Medical expense liability (MEL) iinsures the medical expenses arising out of medical complications.  The insurance can be offered to respond to donors as well as implantation recipients.

The policy includes a service component to direct patients to a network of providers in the case of a catastrophic complication.  Fertility clinics and hospital units are eligible insureds for the product.  The MEL minimum retention is zero, with a MEL maximum limit of $250,000. The MEL minimum premium is $10,000. Coverage terms will be offered through limited distribution points.

Email ThisPrintNewslettersTweetCategories: National NewsTopics: Markets/Coverages, medical professional liability, reproductive health coverageHave a hot lead? Email us at newsdesk

View the Original article

Isaac Becomes a Hurricane As It Churns Toward New Orleans

August 28, 2012Email ThisPrintNewslettersTweetArticleCommentsTropical Storm Isaac strengthened into a hurricane just off the U.S. Gulf Coast on Tuesday as it churned toward landfall in the New Orleans area seven years after the city was devastated by Hurricane Katrina.

Isaac’s winds, rain and storm surge could pose a major test of New Orleans’ new flood control systems and reinforced levees. Forecasts from the U.S. National Hurricane Center showed the storm coming ashore late on Tuesday.

“Isaac has finally formed into a hurricane, so we are officially in the fight and the city of New Orleans is on the front lines,” New Orleans Mayor Mitch Landrieu told reporters.

The U.S. Army Corps of Engineers began to close for the first time the massive new floodgate on the largest storm-surge barrier in the world, at Lake Borgne, east of New Orleans.

In other preparations, energy companies evacuated offshore oil rigs and shut down U.S. Gulf Coast refineries as the storm threatened to batter the oil refining belt.

At 11:20 a.m. EDT (1520 GMT), the Hurricane Center said Isaac was centered about 75 miles (120 kilometres) south-southeast of the mouth of the Mississippi River with top sustained winds of 75 miles per hour (120 kph).

Its forward speed was a relatively slow 10 mph (16 kph), a concern for people in the path of the storm since slow-moving cyclones can bring higher rainfall totals. The storm was about 370 miles (595 km) wide.

Isaac spared Tampa, Florida, where the Republican National Convention began on Monday. But it forced party leaders to revamp their schedule and they may have to make further revisions so as not to be seen celebrating Mitt Romney getting the party’s presidential nomination while Gulf Coast residents are struggling through the storm.

President Barack Obama added his concerns in a statement from the White House, saying: “We’re dealing with a big storm and there could be significant flooding and other damage across a large area.

“Now is not the time to tempt fate,” he added, saying people should heed warnings and evacuate if instructed by authorities to do so.

Rain and high winds were expected in the Gulf Coast region in the coming hours, bringing the threat of storm surge and flooding.

Isaac had New Orleans in its sights as the city still struggles to recover from Hurricane Katrina, which swept across it on Aug. 29, 2005, killing more than 1,800 people and causing billions of dollars of damage.

MULTIBILLION-DOLLAR DEFENSE

After Katrina, the Corps of Engineers built a $14.5 billion defense flood system of walls, floodgates, levees and pumps designed to protect the city against a massive tidal surge like the one that swamped New Orleans in Katrina’s wake.

The floodgate being closed is 26 feet (8 meters) high and 1.8 miles (2.9 km) long. It was designed to prevent the Inner Harbor Navigation Canal from breaching its walls, as it did in 2005, flooding the neighborhoods of the Lower Ninth Ward, Gentilly and New Orleans East, and St. Bernard Parish.

Most of the Lower Ninth, which still shows the devastation of Katrina, was deserted and quiet about midday on Tuesday. Residents who hadn’t evacuated were unloading water, food and fuel from their cars and trucks into their homes.

Authorities have urged thousands of residents in low-lying areas to leave, warning the storm could flood towns and cities in at least three U.S. Gulf Coast states with a storm surge of up to 12 feet (3.7 meters).

Rainfall accumulations, potentially totaling as much as 20 inches (50 cm) in some areas, could also trigger widespread flooding.

Isaac was not forecast to strengthen beyond a Category 1 hurricane, the lowest on the five-step Saffir-Simpson scale. Its top projected winds were about 80 mph (129 kph). While that would be well below the intensity of Katrina, which was a Category 3 storm, the size of Isaac’s slow-moving system has forecasters predicting widespread flooding.

Sporadic rain had begun to fall in New Orleans with gusty breezes shaking trees by late Tuesday morning, in the first signs of the storm’s approach.

“We’re staying here for the duration,” said Joe Locascio, 53, as he filled cans of gasoline for his generator at a local gas station. “It doesn’t look too bad.”

Locascio added that he and his family had evacuated for Katrina but this storm didn’t look as severe.

“If it was a Category 2 or 3, we’d be out of here,” he said.

Steve Frezer, a 45-year-old poker dealer was topping off gas cans in the rear of his truck.

“We’re going to ride it out. We don’t live in a flood zone and we have a generator, that’s what the gas is for,” said Frezer, who had also filled the rear of his truck with cases of bottled water. “We have a bunch of food, a grill, charcoal. We’ll have a party tonight,” he said.

But along Canal Street in the historic French Quarter, crews were boarding up the windows of stores and businesses.

“I’m not all that concerned about the storm. It’s still a Category 1,” said Charles Neeley, a 69-year-old contractor overseeing workers covering the windows of a CVS drugstore. “We usually ride out ones and twos and get the hell out for threes and fours.”

Nonetheless, Neeley said he too had stocked up on food and water at home and fuel for his generator.

U.S. ENERGY OUTPUT DISRUPTED

With nearly 80 percent of offshore U.S. Gulf of Mexico oil production shut in and nearly half of natural gas output offline, energy companies along the Gulf Coast refining center braced for the storm’s impact, shuttering some plants and running others at reduced rates ahead of Isaac’s landfall.

Intense hurricanes such as Katrina — which took out 4.5 million barrels per day of refining capacity at one point — have flooded refineries, keeping them closed for extended periods and reducing fuel supplies.

The U.S. Department of Energy estimates that about 1.32 million barrels-per-day of refining capacity had come offline in the Gulf Coast by Monday afternoon. Louisiana usually processes more than 3 million barrels per day of crude into refined products.

Although no damage to offshore installation had been reported, some energy experts said the sweeping disruption of oil production, refineries and key import terminals could make it more likely the U.S. government would release oil supplies from its nearly 696-million-barrel Strategic Petroleum Reserve in the coming weeks.

Prior to the storm, the White House had already considered a release, as tensions over Western sanctions on Iran pushed up oil prices. Despite Isaac’s disruptions to production, international benchmark Brent crude traded down slightly to $112 a barrel on Tuesday.

Isaac killed at least 22 people and caused significant flooding and damage in Haiti and the Dominican Republic before skirting the southern tip of Florida on Sunday.

 

 

Copyright 2012 Reuters. Click for restrictions.Email ThisPrintNewslettersTweetCategories: National NewsTopics: hurricane isaac, New Orleans leveesHave a hot lead? Email us at newsdesk

View the Original article

Isaac Brings Wind, Rain and the 7-Year Itch to New Orleans

August 28, 2012Email ThisPrintNewslettersTweetArticleCommentsFor New Orleans, Tuesday morning brought an all-too-familiar dilemma: to flee or not to flee. With Hurricane Isaac bearing down on the city, residents scrambled to either leave the low-lying city or gather supplies to weather the storm.

With no mandatory evacuation orders in place for New Orleans’ 360,000 residents, streets were largely quiet. Traffic along Interstate 10 ran smoothly, despite predictions that both sides of the busy thoroughfare would be needed to accommodate motorists scrambling to leave the city.

Thousands of people, including many from low-lying parishes outside the city’s $15 billion flood protection system, decided not to take their chances with Isaac, a massive, slow-moving Category 1 hurricane expected to strike the Louisiana coast early on Wednesday.



View the Original article

Louisiana Insurance Department Disaster Plan in Place

August 28, 2012Email ThisPrintNewslettersTweetArticleComments

With Hurricane Isaac likely headed for the southeast coast of Louisiana, the Louisiana Department of Insurance reports that it has implemented its Continuity of Operations Plan (COOP), which is designed to ensure that the agency will operate with minimal interruptions in the event of a disaster.

The hurricane is expected to make landfall either tonight or early tomorrow morning.

Preparations made by divisions of the LDI include the following:

Insurance Company Emergency Adjuster Registration program prepared in case claims adjusters need to be sent to disaster areas; online registration ready.Call center ready to be activated by Property & Casualty Consumer Affairs Division.Travel teams assigned and ready for dispatch to Disaster Recovery Centers statewide.All insurance company contact information updated and ready to distribute to public and for call center staff.Post-Disaster Insurance Guide information assembled and ready to distribute.Employee Emergency Response System ready to instruct staff in case of office closure; all staff emergency communications equipment ready.Remote site for meeting with insurance industry selected (England Air Park

View the Original article

Isaac Now a Hurricane: Update

August 28, 2012Email ThisPrintNewslettersTweetArticleComments

The National Hurricane Center says the center of what is now Hurricane Isaac may make landfall on the southeast Louisiana coastline as early as this evening.

Not all forecasters share that timeline, however. Dr. Tim Doggett, principal scientist at AIR Worldwide, says the hurricane’s eye will more likely hit the coastline around 8 a.m. on Wed., Aug. 29.

Either way, the hurricane, which is now packing maximum sustained winds of 75 mph, is on a northwesterly track toward the mouth of the Mississippi River, the NHC reports.

Significant flooding from storm surge and rainfall is expected.

At midday on Aug. 28, the storm was located about 75 miles south-southeast of the mouth of the Mississippi River and about 160 miles to the south-southeast of New Orleans, according to AIR Worldwide.



View the Original article

Van Gilder Names Former Community Bankshares CEO as New President

August 28, 2012Email ThisPrintNewslettersTweetArticleComments

Denver, Colo.-based Van Gilder Insurance Corp. named Don Woods its new president.

Woods is co-founder and CEO of Community Bankshares Inc. and its subsidiaries. He began his new role at Van Gilder on Monday.

Under Woods, Community Bankshares Inc. grew to over $2 billion in assets and had 42 branches in Colorado and northern California.

A privately held insurance brokerage firm, Van Gilder is in its fourth generation of leadership by the Van Gilder family.

Email ThisPrintNewslettersTweetCategories: West NewsTopics: Don Woods, people photo available, Van Gilder Insurance Corp.Have a hot lead? Email us at newsdesk

View the Original article

EPIC Adds Bentson As Senior Account Manager

August 28, 2012Email ThisPrintNewslettersTweetArticleComments

Folsom, Calif.-based Edgewood Partners Insurance Center added Jessica Bentson as a senior account manager in its Folsom office.

Bentson’s responsibilities at EPIC will include providing clients with benefits planning and program design support. She will also focus on developing employee benefit communication programs, and coordinating client service team resources.

Bentson has eight years of experience in the healthcare and wellness insurance sector, including six years with Tevis Insurance Solutions as a senior account manager. Before that she was an account manager for Chandlee Insurance Agency.

EPIC is an employee benefits insurance brokerage and consulting firm operating from eight offices across California: Los Angeles, Irvine, Fresno, Folsom, San Francisco, San Mateo, Petaluma and San Ramon.

Email ThisPrintNewslettersTweetCategories: West NewsTopics: EPIC, Jessica Bentson, people photo availableHave a hot lead? Email us at newsdesk

View the Original article

Jones Annual Report Details Consumer Protection

August 28, 2012Email ThisPrintNewslettersTweetArticleComments

The California Department of Insurance has issued California Insurance Commissioner Dave Jones’ annual report for 2011 that details CDI’s progress on its

View the Original article

Workers’ Comp Reform Bill Running Low on Time

August 28, 2012Email ThisPrintNewslettersTweetArticleComments

The numbers continue to change and time is running out on a workers’ compensation reform bill that has California legislators scrambling to come up with a compromise that promises to both increase permanent disability benefits for injured workers and find savings in the state’s unwieldy workers’ comp system.

Now there’s talk of dropping reform efforts and taking them up again during a special session in December.

A hearing of the Assembly Committee on Insurance on Tuesday produced a few hours of testimony from the two parties negotiating the deal

View the Original article

AXIS Appoints Butt to Replace Charman as Chairman

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has appointed Board member and former Chairman Michael A. Butt as non-executive Chairman of the Board of Directors.

He succeeds John R. Charman following the decision by the Board to replace him as Chairman. “Butt had served successfully as AXIS Capital’s chairman for almost ten years prior to the recent appointment of Mr. Charman to that position,” said the bulletin, adding that Butt “assures a thorough understanding of the role and priorities to be carried out by the Chairman of AXIS Capital.”

Charman was instrumental in the formation of AXIS

View the Original article

Customer Satisfaction with Auto Insurers at New High: J.D. Powers

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Overall customer satisfaction with auto insurance companies has reached an all-time high, according to the J.D. Power and Associates 2012 U.S. Auto Insurance Study.

The satisfaction rate was driven primarily by increases in satisfaction with policy offerings, billing and payment, practices.

The study measures customer satisfaction with auto insurance companies across five factors: interaction; price; policy offerings; billing and payment; and claims.

Overall satisfaction with auto insurance companies is 804 (on a 1,000-point scale), up 14 points from 2011. Satisfaction levels in 2012 are the highest since the study was launched in 2000.

Satisfaction increased in all factors in 2012, with significant improvements in policy offerings (

View the Original article

RMS Update on Tropical Storm Debby in Florida

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Catastrophe modeling firm Risk Management Solutions (RMS) issued the following update on Tropical Storm Debby this morning, Tuesday, June 26:

Over the last 24 hours, Tropical Storm Debby (located over the northeast Gulf of Mexico) has slowly moved towards the Florida coast, bringing tropical storm winds to a large part of western Florida, including the panhandle and extending into southeast Alabama and southwest Georgia. This region has also been subject to extremely heavy rain

View the Original article

Federal Funds Available for Vermont for May 29 Storm, Flash Flooding

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Vermont Gov. Peter Shumlin said the state’s request for a federal disaster declaration following damage caused by heavy rains, winds and flash flooding from May 29 has been approved by President Barack Obama.

View the Original article

Poms Names Herbert Vice President of Employee Benefits

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Los Angeles, Calif.-based Poms and Associates Insurance Brokers named Jack Herbert vice president of employee benefits in the firm’s Los Angeles office.

Herbert will focus on companies with 51 to 2,000 employees. He was previously founder and principal in the New York office of Benemax Inc, where his primary focus was working with private equity groups and their portfolio companies. Prior to Benemax, Herbert was with Citigroup and Rodman & Renshaw.

Poms services include commercial insurance, employee benefits, corporate wellness, personal lines, and risk management and risk control.  The firm has offices in California, Colorado, New Mexico and Washington.

Email ThisPrintNewslettersTweetCategories: West NewsTopics: Jack Herbert, People, Poms and Associates Insurance BrokersHave a hot lead? Email us at newsdesk

View the Original article

Bingaman Introduces Post-Fire Flood Legislation

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

New Mexico’s two U.S. senators are pushing legislation that would make it easier for residents affected by wildfires on federal lands to take advantage of flood insurance administered by the Federal Emergency Management Agency.

Sen. Jeff Bingaman introduced the measure last week. Sen. Tom Udall is a co-sponsor.

Under current law, there’s a 30-day waiting period after flood insurance is purchased before coverage under a new contract can take effect.

The legislation would waive the waiting period in instances where fire creates or exacerbates a new flooding problem in areas where flooding would otherwise not be considered a significant threat.

Bingaman says the monsoon season is approaching and he wants to make sure residents have adequate flood protection.

Bingaman and Udall plan to press for an immediate vote on the bill.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: Federal Emergency Management Agency, Flood Insurance, wildfireHave a hot lead? Email us at newsdesk

View the Original article

Western Security Surplus Launches Admitted Bar, Restaurant Program in Calif.

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Western Security Surplus Insurance Brokers has launched a bar, tavern and restaurant program in California. This is a brand new program in the California market, offering businesses products with access to an A- X rated, admitted market.

In addition to a minimum premium starting at $750, the coverage also includes general liability, liquor liability, assault & battery and property, as well as coverage enhancement endorsements. The carrier is looking to cover facilities up to 2,500 customer square feet, up to $1.5 million sales and 30 percent  to 100 percent in liquor sales. Coverage is not subject to audit and coverage for businesses open until 2 a.m. is available. Incidental entertainment such as dance clubs or venues is not acceptable at this time.

Western Security Surplus Insurance Brokers provides retail brokers commercial and personal lines products, with access to both admitted and non-admitted markets. It now writes in most of the Sun Belt states from Calif. to Fla.

 

Email ThisPrintNewslettersTweetCategories: West NewsTopics: bars and taverns, Markets/Coverages, Program Business, restaurantsHave a hot lead? Email us at newsdesk

View the Original article

Nebraska Construction Company Owner Sentenced for Wire, Insurance Fraud

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

A Fremont, Neb., man has been sentenced to 18 months in federal prison for a wire fraud conviction that cost banks and insurance companies in Nebraska and Iowa millions of dollars.

Thomas Herink was sentenced in Omaha’s U.S. District Court. In addition to prison, Herink was given three years of supervised probation following his release and ordered to repay $5,111,026.91 to his victims.

Herink was president and chief executive officer of Golf Services Group Inc., a construction company, according to U.S. Attorney Deborah Gilg, who says Herink falsified financial statements to defraud lenders and insurers.

Herink carried out the scheme in order to participate in large construction contracts throughout the country, according to Gilg. Prosecutors say when Herink defaulted on some of the projects, the banks and insurance companies lost more than $8 million.

United Fire and Casualty Co. (UFCC), based in Cedar Rapids, Iowa, and Employers Mutual Casualty Co. (EMCC), based in Des Moines, Iowa, were insurance companies that provided various insurance products, including surety bonds, to construction contractors, the U.S. attorney’s office said. These bonds, which included bid, performance, and payment bonds, guaranteed that the contractor would fulfill his commitments according to the specifications outlined in the construction contracts. Both UFCC and EMCC provided bid, performance, and payment bonds to Herink and his business entities, according to Gilg’s announcement.

Source: U.S. Attorney’s Office, Associated Press

 

Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: construction bonds, herink, insurance fraud, Nebraska, sentenceHave a hot lead? Email us at newsdesk

View the Original article

Yantis, Nelson Join Mercury Financial Group in Texas

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Mercury Financial Group has added Gail Yantis, vice president, life specialist in its greater Austin/San Antonio, Texas, service area. Joining Yantis will be Ricci Nelson who will serve as marketing specialist.

Yantis and Nelson join Mercury after a successful tenure at another firm.

Mercury is based in Dallas with specialists across the country working in major financial institutions, Wall Street-based firms, and property/casualty firms.

Source: Mercury Financial Group

 

Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsHave a hot lead? Email us at newsdesk

View the Original article

Report: Texas Reforms Reduced Costs of Medical Care for Injured Workers

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

A new study from the Workers Compensation Research Institute (WCRI), an independent, not-for-profit research organization based in Cambridge, Mass., says that costs of medical care for injured workers in Texas have dropped. The study says the drop is largely the result of reforms and an increased focus and effort on managing medical care in the state’s workers’ compensation system.



View the Original article

ACE USA Expands International Advantage Coverage

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

ACE USA has expanded its International Advantage product to offer enhanced coverages for the risks faced by professional services employees doing business overseas. Three foreign package offerings designed for accountants & lawyers, business consultants, and architects & engineers are designed to provide coverage for companies operating globally in the professional services arena.

According to

View the Original article

Monsoons Bring Hope, Caution to Wildfire Stricken Western States

June 26, 2012Email ThisPrintNewslettersTweetArticleComments

Monsoons are about the only thing right now that could bring much needed relief to wildfire-plagued Western states like Colorado and New Mexico, which are both on track to have fire seasons on a historic level

View the Original article

Dowdy Elected President of Insurance Premium Auditors Society

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

The National Society for Insurance Premium Auditors (NSIPA) announced a new slate of officers at its annual seminar at the Paris Hotel in Las Vegas, Nev.

Serving as new officers for 2012-2013 are:

President John Dowdy, account manager, Wilkinson Insurance Services Inc.President-Elect Sharon Engle, premium audit consultantVice President Michael Wiesehahn, premium audit manager, Patriot National Insurance Group

NSIPA’s new officers assume office on July 1 for the 2012-2013 membership year.

The seminar featured 12 speakers from the insurance industry, including the director of education with Insurance Journal’s Academy of Insurance, Christopher J. Boggs, and the deputy commissioner of the Nevada Division of Insurance, Las Vegas, Harland Amborn. More than 200 insurance auditing professionals attended the seminar, including eighteen industry vendors and sponsors.

The National Society of Insurance Premium Auditors (NSIPA) is a professional society of individuals with technical skills who assure statistics are reported for proper rate structure implementation and processing.

Source: NSIPA

 

Email ThisPrintNewslettersTweetCategories: National NewsTopics: dowdy, engle, People, premium auditors, WiesehahnHave a hot lead? Email us at newsdesk

View the Original article

Forecasters: Arkansas Records 11th Twister of Year

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

Forecasters say storms that swept Arkansas on June 3 and 4 included at least one tornado, which touched down southwest of Carlisle in Lonoke County.

A storm survey team couldn’t find damage, but photographs taken during the storm indicated it touched down in farm fields near Arkansas Route 13. The tornado was the 11th in Arkansas this year. Last year, more than six dozen twisters hit the state. Back in 1997, Arkansas saw 107 twisters.

John Robinson of the National Weather Service office at North Little Rock said that forecasters in Memphis, Tenn., had yet to confirm tornadoes in northeastern Arkansas from Sunday night. Straight-line winds Sunday caused damage at Batesville and Shirley.

Robinson characterized the Carlisle-area storm as a landspout, which can occur in Arkansas on warm, humid days.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsTopics: Arkansas, tornadoesHave a hot lead? Email us at newsdesk

View the Original article

Stahlka Agency Acquires Historic Square Agency’s Western N.Y. Practice

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

Stahlka Agency, an independent insurance agency and member of the EMS Group, based in Williamsville, N.Y., acquired the Western New York practice of Erie, Penn.-based Historic Square Insurance Agency. Terms of the transaction were not disclosed.

Stahlka Agency, an independent agency serving the Western New York market, will merge Historic Square’s office in Orchard Park, N.Y., into its existing Orchard Park location near Buffalo.



View the Original article

Tuesday, August 28, 2012

Louisiana Lawmakers Lower Costs for Citizens Customers Along Coast

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

A last-minute provision added to legislation headed to the governor’s desk will give some relief to coastal property owners who get insurance through Louisiana’s state-run insurer of last resort.

The compromise language was devised by lawmakers seeking to lessen the blow of hefty rate increases on wind and hail policies for homeowners who are customers of the Louisiana Citizens Property Insurance Corp.

As sent to Gov. Bobby Jindal, the bill would lower insurance costs by 10 percent for Citizens customers in 12 parishes across south Louisiana.

Citizens is supposed to charge rates that are 10 percent higher than the private insurers in an area. The proposal backed by lawmakers on the final day of their just-ended regular session would scrap that requirement until August 2015 for the coastal parishes.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsTopics: legislation, louisiana Citizens Property Insurance Corp., RatesHave a hot lead? Email us at newsdesk

View the Original article

Louisiana Cities’ Feud Threatens Fire Response

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

Broussard, La., officials say the city’s fire department will continue to respond to calls in rural Lafayette Parish, but city-parish government’s nonpayment for that service ultimately might put lives and property at risk.

The Advocate reports that information was contained in a letter Broussard officials sent to City-Parish President Joey Durel.

Lafayette fire officials maintain the larger city’s department can adequately serve the rural areas in question if Broussard cannot.

The fire protection contract could be one casualty in the ongoing spat between Durel and Broussard Mayor Charles Langlinais.

That dispute escalated last month when Durel announced he wanted to cut off formal service agreements with the smaller city, citing a strained relationship that dates back for several years.

 

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsTopics: feud, fire safety, Louisiana, Safety & Loss ControlHave a hot lead? Email us at newsdesk

View the Original article

Judge Orders Iowa Contractor to Repay Customers

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

A Polk County, Iowa, judge ordered a West Des Moines contracting company to reimburse dozens of customers more than $160,000, barred the company and its owners from future residential contracting business, and restricted their commercial contracting business, after Attorney General Tom Miller alleged that the defendants violated Iowa consumer fraud and door-to-door sales laws.

Polk County District Court Judge Brad McCall last week issued the court order, called a consent judgment, against IQ Renovation LLC, and owners Megan Troyer Marlow (formerly Megan Troyer) and Timothy Marlow.

Marlow also operated under the company name of

View the Original article

New Mexico Wildfire Now 30% Contained

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

The Whitewater-Baldy Complex fire in New Mexico’s Gila National Forest is now 30 percent contained, according to an official fire report that was updated on Thursday.

The fire, which was caused by a lighting strike on May 16, has grown to 263,589 acres, making it the largest in the state’s recorded history. Nearly 1,000 personnel are battling the blaze, along with 40 engines, 27 water tenders and 10 helicopters.



View the Original article

WSU To Pay $650K To Settle Discrimination Lawsuit

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

Washington State University has agreed to pay $650,000 to settle a racial discrimination lawsuit brought by two former employees of Chinese descent.

The settlement will pay $325,000 each to Dr. Ying Li and her husband, Lizhong Yang. It also calls on the Pullman, Wash., school to enact policies to prevent future discrimination.



View the Original article

New Lawsuit For Southern California Officer In Homeless Death Case

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

A disabled man has filed a lawsuit against Fullerton police, saying he was abused by the same officer charged in the beating death of a homeless man.

The Orange County Register reported Tuesday that Mark Edwin Walker says he was thrown to the ground and stomped during an arrest last year and his injuries included a broken hand.

Police audio recordings captured a 20-minute encounter between Mark Edwin Walker and two officers.

One of the officers, Manuel Ramos, can be heard trying to get Walker to stand to be handcuffed and threatening to break his arm.

Acting police chief Dan Hughes says the recording contains no evidence of abuse and calls the allegations “fabricated lies.”

Ramos has been charged in the death of Kelly Thomas, a Fullerton homeless man.

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: West NewsTopics: lawsuitHave a hot lead? Email us at newsdesk

View the Original article

Atlas Expands Commercial Auto Insurance Underwriting to Utah

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

Atlas Financial Holdings, Inc. has started selling its core commercial automobile insurance products in Utah, becoming the 31st state where Atlas is actively underwriting.

Atlas’ insurance subsidiaries, American Country Insurance Co. and American Service Insurance Co., Inc., distribute their specialty insurance products focused on

View the Original article

Mcgraw Appoints Cohen CEO

June 7, 2012Email ThisPrintNewslettersTweetArticleComments

Menlo Park, Calif.-based McGraw Group of Affiliated Cos., which includes Pacific Specialty Insurance Company (PSIC), named Brian Cohen chief executive officer. Cohen’s appointment is effective immediately.

Cohen joins McGraw from Strategic Growth Advisors where he was president and CEO, serving companies in the technology, financial services and insurance industries. Prior to SGA, Cohen led the turnaround of global software company Clear Technology. He previously worked at Farmers Insurance as the senior vice president and chief marketing officer.

Email ThisPrintNewslettersTweetCategories: West NewsTopics: Brian Cohen, McGraw Group of Affiliated Cos., Pacific Specialty Insurance Company, PeopleHave a hot lead? Email us at newsdesk

View the Original article

Mediation Fails, West Virginia Slurry Pollution Case Going to Trial

May 25, 2012Email ThisPrintNewslettersTweetArticleComments

Mediation has failed to settle a lawsuit by hundreds of Boone County residents who blame coal companies for contaminating their water supplies.

Attorney Roger Decanio said this week that the case against Massey Energy and four subsidiaries is headed for trial.

Circuit Judge William Thompson has consolidated 155 medical monitoring lawsuits involving about 350 people and tentatively scheduled trial for June 12.

The companies are now owned by Virginia-based Alpha Natural Resources.

The other operators originally sued have agreed to confidential settlements but denied responsibility for the problems.

Residents of Seth and Prenter say mining activities, including the underground injection of coal slurry, are to blame for discolored, foul-smelling well water and health problems.

The plaintiffs are now served by public water lines and no longer rely on their wells for consumption.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Southeast NewsTopics: Alpha natural Resources, Massey slurry pollutuon lawsuit, West Virginia slurry pollution, West Virginia slurry pollution lawsuitHave a hot lead? Email us at newsdesk

View the Original article

Dann Joins Miller Insurance Services

May 25, 2012Email ThisPrintNewslettersTweetArticleComments

Miller Insurance Services LLP, a specialist insurance and reinsurance broker, operating internationally and at Lloyd’s,  has hired Warren Dann to develop Miller’s sector targeting strategy. He will work to grow the company’s portfolio of FTSE100/250 and top 500 UK private clients. He will also be assisting with Miller’s European corporate client acquisition.

Dann, most recently worked for Jardine Lloyd Thompson (JLT) as the sales leader for its Global Risk Solutions division. He began his career in 1989 and is a specialist in frontline new business development. Before JLT he worked for both Aon Risk Services and Willis as a development director.

“Over the past two years, Miller has more than doubled its list of corporate clients. Warren’s industry knowledge and reputation will help us to continue to grow this aspect of our business towards our next set of targets,” said Ken MacDonald, head of Corporate Risks at Miller.

Source: Miller Insurance Services

 

 

Email ThisPrintNewslettersTweetCategories: International NewsTopics: People, ReinsuranceHave a hot lead? Email us at newsdesk

View the Original article

Ohio Legislators Consider New Drilling Rules

May 25, 2012Email ThisPrintNewslettersTweetArticleComments

Rules regulating oil and gas well construction, water handling, and the disclosure of chemicals used in drilling were ready to clear their final legislative hurdles on May 24 and head to Gov. John Kasich.

The Ohio House was scheduled to vote on the new regulations governing hydraulic fracturing in the Utica and Marcellus shale formations running under sections of the state. They are part of a wide-ranging energy bill that also addresses Ohio’s clean energy standard and makes dozens of other changes.

Barring further amendments to the bill, the Ohio Senate was prepared to concur on House changes later in the day. That would send the bill to Kasich, who is expected to sign it.

Some environmental groups turned against the bill after a provision was added limiting who can sue energy companies for chemical trade secrets. Among them were the Ohio Environmental Council and the Sierra Club, which had previously been neutral.

The Kasich administration said it fought to guarantee that owners and adjacent neighbors of well properties could file trade secret challenges. Environmentalists argued, however, that the language requires all others to show current or potential harm from the secret chemicals before a lawsuit would be allowed.

The language could also preclude the environmental groups themselves from waging legal battles against drillers over their trade secrets, though they could sue on behalf of an affected person.

Other provisions of the bill are being touted as among the toughest in the nation.

Well operators would be required to disclose within 60 days the chemicals they used to initially drill and hydraulically fracture, or frack, a well. Fracking is a high-pressure drilling technique that involves blasting thousands of gallons of water into the earth to fracture shale formations and release gas, oil and natural gas liquids.

The bill also would require chemical reporting when operators first drill through underground drinking water sources. Chemicals used to service or plug a well could be requested by state regulators.

The legislation also would allow doctors treating people injured during well construction and production to share proprietary information with not only other medical providers but with public health agencies and the patient.

Well operators would face mandatory daily fines of up to $20,000 for safety and environmental violations.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: drilling rules, Energy, fracking, Ohio, oil & gasHave a hot lead? Email us at newsdesk

View the Original article

The Next New Thing: Coverage Issues from Fracking Claims

May 25, 2012Email ThisPrintNewslettersTweetArticleComments

Every few years it seems that there are predictions a new type of claim that threatens to engulf carriers. In the 1980s and 1990s it was environmental clean up claims and SuperFund, followed shortly by asbestos, the fear of Y2K claims, MTBE and any number of other potential mass torts.

In most cases, these highly touted risks fail to become the massive tidal wave projected by commentators. Unfortunately, some of these problems, such as hazardous waste and asbestos claims, did grow into large numbers of claims that continue to fill the courts with liability and coverage litigation.

Over the last six months, we have heard increasing rumblings about the expected flood of litigation created by the energy industry’s increasing use of “fracking” in the production and recovery of oil and gas. While very few suits have been filed at this point, and litigation is being much more talked about than actually filed, this risk is one that should be carefully considered by the insurance industry.

What Is Fracking?

Fracking is a technology developed by the energy industry that allows energy producers to extract oil from places where in the past it was either too expensive or too difficult to otherwise retrieve.

In the fracking process water, chemicals and drilling materials are forced into underground shale formations to break-up and release hydrocarbons such as oil or gas. The process usually entails drilling a vertical well to the top of a shale formation and then the well bore is angled through the target formation and the drilling continues horizontally. Using sophisticated technology, millions of gallons of “frack fluid” are pumped under high pressure to fracture the target reservoir and release the encased oil and gas.

The purpose of fracking is to vastly increase the flow and volume of oil and gas available from a geological formation. It both enhances the production from current oil and gas wells, as well as allows for the use of fewer wells.

Interestingly, while this process has been used in one form or another for many years, it has only become a subject of public discussion in recent years as environmentalists and property owners have raised concerns that the energy companies’ use of this technology allegedly contaminates groundwater and causes other environmental problems. This has encouraged the plaintiffs’ bar to gear up for a potential litigation onslaught.

Types of Claims Seen and Expected

While many drillers and insurance industry executives suggest that the environmental claims are overblown and that there is presently little evidence of substantial well water pollution from fracking, lawsuits are being filed by plaintiffs in numerous jurisdictions alleging pollution damage (such as groundwater contamination) requiring remediation and attempting to prevent future fracking activities because of potential health and environmental concerns.

There has not been any major settlement or judgment to date, however, this first wave of lawsuits is prompting carriers to consider the type and scope of insurance claims that will be made. For instance, the main concern in the current suits involves groundwater contamination. This litigation focuses on who is liable for the cleanup and remediation costs of polluted groundwater resources. Where the EPA or private citizens have brought these suits alleging property damage or bodily injuries related to hydraulic fracking activities, the primary task for the plaintiff is to obtain a finding of liability establishing a causal connection between the hydraulic fracking and the alleged injury.

In such cases, the defendant’s commercial policies may be implicated, such as those issued to the energy companies employing the fracturing process. As with most liability cases, the policies at issue usually present two different sets of issues. First, though it may never be established that the fracturing process led to the contamination, the issue of the duty to defend under those liability policies is one of significant impact to insurance carriers. As we know from the widespread environmental cleanup cases of the last several decades, defense costs in connection with these type of lawsuits can easily run into the millions of dollars, and are often greater than the actual indemnity risk. Consequently, the initial issue, regardless of the risk of liability, will be the duty to defend those suits. In most states, the issue will be what the plaintiff has pled, instead of the actual facts on the ground. In many cases, the carrier may be forced to defend claims for which its insured will never held liable.

Many energy industry companies who were involved in past environmental claims have purchased environmental impairment coverage to specifically address these types of concerns. Many of these policies have large retentions or manuscripted language that will raise coverage concerns. Other companies, however, will have general liability policies which include various forms of the pollution exclusion that may or may not apply depending upon the specific allegations in the litigation. Depending upon the jurisdiction and sophistication of the plaintiffs bringing these claims, the coverage issues may be very complex and involve considerable expense to litigate.

Likewise, in many cases where a defense obligation may be implicated under either environmental impairment or general liability policies, the development of the litigation will likely raise novel coverage concerns as facts and specific policy provisions are identified as areas of controversy. As we learned from the hazardous waste cleanup case law, each state and jurisdiction will have its own take on the same language, thus creating substantive differences in jurisdictions as to whether defense and indemnity obligations are covered or uncovered, even under the same facts. Therefore, both policyholders and carriers need to carefully evaluate the specific language in their policies as well as to prudently consider the type and scope of policies to purchase where fracking processes are employed.

Another potentially significant area is property insurance claims by homeowners affected by fracking activities. In addition to potential groundwater contamination leading to bodily injury claims, some homeowners may suffer various forms of subsidence or well water contamination.

Most homeowner insurance policies provide coverage for the policyholder’s home and property structures for direct physical loss or damage to the property during the policy period. However, many of these policies exclude events such as contamination of land or water serving residents, as well as settling, cracking, shrinking or other types of harm that may be alleged by homeowners near fracking sites.

While it may turn out that fracking does not lead to this type of problem, it is a subject of current review by environmental and consumer groups that may spur litigation bringing those policies into play. This may become an area of significant coverage litigation.

Mountain or Molehill?

Again, the current number of lawsuits are relatively few

View the Original article

Chemical Industry Urged to Reduce Processing Hazards

May 14, 2012Email ThisPrintNewslettersTweetArticle1 Comments

The chemical industry needs guidance in choosing alternative processing methods to reduce or eliminate hazards, a national panel said in a report.

U.S. Occupational Safety and Health Administration regulations require chemical companies to follow certain procedures to ensure manufacturing processes are safe. But the report by the National Research Council said the industry lacks common practice protocols and understanding to identify safer processes.

It recommends that the U.S. Chemical Safety Board or other entity develop a plan to help chemical plant managers choose alternative processes to reduce or eliminate hazards.

One method, known as an “inherently safer process” assessment, aims to minimize or eliminate a hazard. But the assessment does not always provide clear guidance. The report said switching to a non-flammable solvent in a process would remove a fire hazard. But if the solvent is toxic, a new hazard is created.

Use of inherently safer process strategies would reduce the number of vulnerable areas around a company’s facilities, which would decrease the scope of emergency preparedness programs. But it potentially could narrow the focus too much and overlook certain outcomes, the report said.

Congress ordered the study following a 2008 explosion at BayerCropscience’s plant in Institute that killed two workers. The explosion occurred near a storage tank containing methyl isocyanate, a highly toxic chemical also known as MIC. The tank was not damaged and the chemical wasn’t released.

Bayer took measures to reduce risks associated with MIC manufacturing and storage at the Institute plant. But the company did not incorporate all possible methods to control hazards, the report said.

 

Email ThisPrintNewslettersTweetCategories: National NewsTopics: chemical safety, inherently safer process, National Research Council, OSHA, U.S. Chemical Safety BoardHave a hot lead? Email us at newsdesk

View the Original article

Iditarod Champ Sues Over Nearly Severed Finger

May 14, 2012Email ThisPrintNewslettersTweetArticle10 Comments

A former Iditarod champion who was forced to drop out of last year’s dog-sled race when he nearly severed his index finger is suing the Oregon company that made his knife and the sporting goods store that sold it to him.

The lawsuit, filed by Mitch Seavey of Seward, seeks at least $100,000 in lost winnings and other damages.



View the Original article

Bozeman Museum Awarded $2.3M in Donation Lawsuit

May 14, 2012Email ThisPrintNewslettersTweetArticleComments

A jury awarded $2.3 million to the Museum of the Rockies Inc. in a lawsuit against a Bozeman-area developer who failed to pay a promised endowment and research gift after using the museum and paleontologist Jack Horner in promotional materials for a proposed upscale housing development.

The jury on Thursday found Wade Dokken’s company, Ameya Preserve, liable for negligent misrepresentation, fraud and constructive fraud, the Bozeman Daily Chronicle reported.



View the Original article

County in Iowa Warns Residents of Records Breach

May 14, 2012Email ThisPrintNewslettersTweetArticleComments

Some 3,000 Warren County, Iowa, residents have been notified that their personal information may have been scattered by the wind in the aftermath of a December fire at a human services office.

Pat Penning, service area manager for the Department of Human Services region that includes Warren County, said it is unlikely the water-logged or burned records could be used for identity theft, but the state is treating the breach seriously.



View the Original article

2 Republicans Face Run-Off in North Carolina Insurance Commissioner Race

May 10, 2012Email ThisPrintNewslettersTweetArticleComments

Republicans still have to pick their candidate for North Carolina insurance commissioner after cutting the field to two.

Richard Morgan and Mike Causey topped a three-candidate field on Tuesday to advance to a runoff election this summer because neither got 40 percent of the vote. The winner faces incumbent Democrat Wayne Goodwin.

Insurance agency owner James McCall of Mooresville came in third.

Causey, of Greensboro, is a former insurance agent and political consultant who failed in three elections between 1992 and 2000 to unseat former Democratic Insurance Commissioner Jim Long.

Richard Morgan is a Moore County insurance broker whose rise to become House co-speaker with Democrat Jim Black in 2003 fractured legislative Republicans. He ran four years ago for state schools superintendent and in 2010 for state Senate.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Southeast NewsTopics: Mike Causey, North Carolina election, Republican primary, Richard MorganHave a hot lead? Email us at newsdesk

View the Original article

MAPFRE Q1 Results: Total Revenue Tops $8.8 Billion, Latin American Growth

, an 11.5 percent increase compared to Q1 2011, “thanks to sustained growth of the international business,” the report noted. Recurring results grew by 3.7 percent, to

View the Original article

Judge: Mississippi Lawyer Owes Diet Drug Claimants $600K

May 10, 2012Email ThisPrintNewslettersTweetArticleComments

A judge has ruled that a Jackson attorney owes two former clients a combined $600,000 from more than $4.5 million in attorney fees he received in a diet drug settlement case dating to the early 2000s.

The Clarion-Ledger reported whether Herbert Lee Jr. owes former clients Deborah Dixon and Gloria Thompson additional money will be up to a Hinds County jury.

The women’s breach of contract lawsuit began this week.

The jury must determine whether Lee’s contingency contract specified a 40 percent fee instead of the 45 percent fee he received.

Lee’s attorney said all the contracts came up missing from Lee’s office.

Dixon and Thompson were among 13 individuals who hired Lee to represent them in the litigation against the manufacturer of the diet-drug Fen-Phen.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Southeast NewsTopics: attorney compensation, contingency fees, diet drug, Fen-Phen, Mississippii judgeHave a hot lead? Email us at newsdesk

View the Original article

Probe Prompts Kansas Inflatables Company to Cancel Jobs

May 7, 2012Email ThisPrintNewslettersTweetArticleComments

Several parents were caught off guard when two Wichita, Kan., companies that provide inflatable rides canceled reservations at the last minute.

Last June, Moonwalks for Fun’s license to provide inflatable rides was suspended for two years because of a five-month gap in liability insurance coverage, but The Wichita Eagle reported on May 3 that it appears the company has continued to rent inflatables to city residents.

Pure Entertainment, an events venue, is allowed to have inflatables at its site, but the rides must be provided by a company licensed to operate in Wichita. The companies started calling customers after the newspaper reported they were being investigated by the city for possible ordinance violations.

Both companies are owned by Duane Zogleman and run on a day-to-day basis by his son, Jesse Zogleman.

In 2010, a 5-year-old Wichita boy died after falling from an inflatable ride and hitting his head on a concrete floor. The ride was provided by Moonwalks for Fun at Pure Entertainment. Late last year, the boy’s mother received a $435,000 settlement in a lawsuit she filed against Moonwalks for Fun.

An hour after the newspaper posted its story about the city’s investigation on its website, the Young family got a call from Moonwalks for Fun, saying their daughter’s 4th birthday party at Pure Entertainment would not include inflatable rides.



View the Original article

New Mexico Widow Sues Utah Crematory, Claims Ashes Mix-Up

April 27, 2012Email ThisPrintNewslettersTweetArticleComments

A New Mexico widow whose husband was killed in a 2009 plane crash is suing a Utah crematory and funeral home after she says they gave her the wrong person’s ashes.

Marilynn Flynn of Alamogordo has filed a federal lawsuit against McDougal Funeral Home and the Independent Professional Services crematory, claiming the businesses were negligent, violated a contract and intentionally inflicted emotional distress while dealing with the remains of her 59-year-old husband, Michael Wayne Flynn.



View the Original article

North Dakota Fines 2 Insurance Companies

April 27, 2012Email ThisPrintNewslettersTweetArticleComments

North Dakota insurance regulators have fined two mutual insurance companies $10,000 each for operating outside their authorized territories.

State Insurance Commissioner Adam Hamm says his office fined West McLean Farmers Mutual Insurance Co. of Minot and Cando-based Family Mutual Insurance Co.

Under North Dakota law, a county mutual cannot insure property outside its authorized territory nor may it insure commercial property located within the limits of any incorporated city.

In 2009 and 2010, Family Mutual insured property outside its territory and insured commercial properties inside the limits of an incorporated city, according to the insurance department.

In 2010, West McLean also insured property outside its territory and insured commercial properties inside the limits of an incorporated city, the department said.

Both companies agreed to resolve their cases without a hearing.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Midwest NewsTopics: family mutual, fines, hamm, North Dakota, west mclean farmers mutualHave a hot lead? Email us at newsdesk

View the Original article

Oklahoma House Defeats Alternative Workers’ Comp Measure

April 27, 2012Email ThisPrintNewslettersTweetArticleComments

The Oklahoma House has defeated workers’ compensation legislation that would have allowed large employers to opt-out of the state’s workers’ compensation system.

In a bipartisan vote on April 25, House members voted 50-42 against the bill. Its author, Rep. Fred Jordan of Jenks, held it over for reconsideration, meaning it could be brought back up for another vote.

The measure would have authorized an employer to be exempted from Oklahoma’s Workers’ Compensation Code as long as it met certain requirements. The employer must adopt a written benefit plan that provides for payment for any injury, disability or death caused by an occupational injury.

Supporters said it would help reduce workers compensation costs for qualifying employers. Opponents said it would reduce benefits for injured workers and would not reduce costs.

 

Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.Email ThisPrintNewslettersTweetCategories: Texas / South Central NewsTopics: legislation, Oklahoma, workers' compensationHave a hot lead? Email us at newsdesk

View the Original article

Troubled Illinois Work Injury-Claim System Hit in Audit

April 27, 2012Email ThisPrintNewslettersTweetArticle3 Comments

Illinois’ troubled system for compensating injured state workers hands out money too readily, sometimes without medical evidence to back up a claim and occasionally paying benefits the hurt employee didn’t even seek, according to an audit released on April 25.

Auditor General William Holland suggested lawmakers follow up last year’s overhaul of the workers’ compensation system with further improvements in a report that found information about the process

View the Original article

Former Zurich CEO Schiro Named Lead Director at Goldman Sachs

April 4, 2012Email ThisPrintNewslettersTweetArticleComments

The Goldman Sachs Group, a global investment banking and securities firm, said it appointed former Zurich Financial Services CEO James J. Schiro to be its board’s next lead director. Additionally, Schiro will also serve as the board’s chair of the corporate governance and nominating committee.


View the Original article