Monthly Archives: <span>June 2006</span>

More N.Y. Self-Insured Workers’ Comp Groups Shutting Down

Two more self-insured workers’ compensation groups in New York will close over the next several months, bringing the year’s tally to five, as officials continue to enforce stricter financial standards. The Retail & Wholesale Industry Worker Compensation Self-Insurance Trust, with …

Study Says Mich. Business Too Busy to Focus on Workplace Safety

A recent EPIC-MRA poll of business owners, operators and managers across Michigan shows “lack of time” as the top reason companies are not teaching their employees about workplace safety. This surprising data comes forward at a time when other studies …

Ill. RLI Appoints New Board Member

Peoria, Ill.-based RLI Corp. has named Barbara Allen to its board of directors. Allen, the president of Tennis Corporation of America-Professional Services, spent more than 20 years with Quaker Oats Company in a variety of marketing and executive management roles, …

Supreme Court: Workers Comp Premiums Not Priority in Bankruptcy

A workers compensation insurer does not have a claim against a bankrupt business for unpaid premiums under bankruptcy law, according to the U.S. Supreme Court in a 6-3 decision that insurers are warning could disrupt the insurance marketplace unless Congress …

CEOs, Concerned About Capacity and Pricing, Stress Underwriting Discipline

Although property casualty insurance capacity still exists in some areas in the U.S.’s east coast, the rate at which it is vanishing, especially in coastal areas, as well as the steep prices being offered for available capacity, have industry executives …

AIG Says Computer Theft in Midwest Contains Personal Info of Thousands

A theft of computer equipment containing personal information about 970,000 individuals was recently confirmed by American International Group Inc., (AIG). The theft took place on March 31st at one of AIG’s Medical Excess L.L.C. unit offices in the Midwest. Chris …

Va. Gov. Kaine Signs Small Business Insurance Purchasing Bill

Virginia Governor Timothy M. Kaine has signed a General Assembly bill that allows small businesses to collectively purchase health insurance, which supportershope will help address health care concerns within the state’s small business community. House Bill 761 authorizes small businesses, …

Dalla-Valle Named Colemont – Atlanta Assistant Vice President

Colemont Insurance Brokers has promoted Elizabeth Dalla-Valle to assistant vice president of its Atlanta office. “Elizabeth’s extensive experience both as an underwriter and as a wholesaler makes her a unique figure in our company,” Curt Ross, Colemont-Atlanta president said. “Her …

Brokers Support New Federal Bill to Reform Surplus Lines Insurance Regulation

In a step that is being applauded by insurance brokers, Reps. Ginny Brown-Waite, R-FL, and Dennis Moore, D-KS, have introduced federal legislation requiring states to establish a uniform system of regulation for the surplus lines industry. The new bill is …

Workplace Bullies May Be Next On Insurers’ Watchlist, Insurance Journal Reports

From the playground to the classroom to the office — bullies can be found in all walks of life, but new anti-harassment legislation in some states could put an end to bullying in the workplace that can be costly for …