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

Overall, Foodborne Illnesses Decline, Except from Leafy Vegetables

Recent E. coli outbreaks have drawn attention to foodborne illnesses, and though officials say the overall number of cases is on the decline, produce — particularly leafy vegetables — is increasingly a carrier of germs once linked only to meat …

2006 Catastrophes Cost World’s Insurers $15 Billion, Lightest Hit in Years, Swiss Re Estimates

State Fund Breaks Ground on Vacaville, Calif., Campus

California’s State Compensation Insurance Fund broke ground on the first phase of its new Vacaville Office Campus that, when completed, will employ approximately 1,200 people. The campus will sit on a 32 acre site that is entitled to include five …

Burns & Wilcox Promotes Lyon to Assistant Branch Manager in Sacramento

Burns & Wilcox, a Farmington Hills, Mich.-based national specialty insurance wholesaler, underwriter and managing general agent, has promoted Ken Lyon to assistant branch manager in the company’s Sacramento, Calif., office. Lyon has more than 26 years of experience in the …

California Workers’ Comp Reforms Continuing to Bring Costs Down

The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Sept. 30, 2006. The data seems to verify that workers’ compensation reforms are working to bring costs down. Among the highlights …

Report: Growth in Health Premiums Outpaces Earnings in Wyoming

Health care premiums grew about six times faster than earnings for Wyoming workers from 2000 to 2006, according to a report issued Monday by a consumer group. Families USA found that annual premiums for family health care coverage offered through …

Oregon Archdiocese Reorganization Plan Calls for $75 Million Settlement

Settling nearly 170 claims of priest sex abuse would cost the Roman Catholic Archdiocese of Portland about $75 million under a reorganization plan proposed to end the first bankruptcy in the nation filed by a diocese. Insurance companies have agreed …

Pacific Northwest Storms Cause 14 Deaths, More Than $500 Million in Losses

The winter storm that struck the Pacific Northwest last week is responsible for 14 deaths and is receiving the unfortunate recognition of the worst winter storm in 13 years, according to catastrophe risk modeling company AIR Worldwide Corp.’s recent estimate …

Chubb Expands Excess Flood Policy

The Chubb Group of Insurance Companies has begun to offer an admitted excess flood insurance product to homeowners policyholders who face either inland or coastal exposures in 15 jurisdictions, including California, Connecticut, Illinois, Florida, Maryland, Massachusetts, New Jersey, New York …

Insurer Groups, State Trade File Joint Amicus with Ind. Supreme Court

The Insurance Institute of Indiana, the National Association of Mutual Insurance Companies (NAMIC), and the Property Casualty Insurers Association of America (PCI) have filed a joint amicus curiae brief on a case that the groups believe could set a dangerous …