Monthly Archives: <span>January 2007</span>

New Markets

Apartment Property Program Nuts & Bolts: Houston-based London American Risk Specialists Inc. has an Apartment Property Program endorsed by the National Apartment Association. The program is available in the continental United States. Highlights of the program include: competitive rates on …

Report: Nevada workers’ comp system needs to examine serious claims

The Nevada workers’ compensation system “has undergone dramatic change since 1993″ becoming more competitive and allowing private insurers to enter the market,” but it has room for improvement particularly in auditing the most serious claims, according to the Workers’ Compensation …

Calif. hospitals may not meet earthquake safety standards

Nearly half of California hospital buildings in danger of collapsing during a major earthquake will not meet a state deadline for safety improvements, according to a new study. Standards passed after the deadly 1994 Northridge earthquake in Southern California required …

Coping with catastrophe

When it comes to property catastrophe insurance coverage, many commercial clients are being forced to swallow a bitter pill in the form of steep prices, new limits on policies, higher deductibles and a shortage in the amount of coverage available …

La. police officer resigns after fraud accusation

A Shreveport, La., police officer resigned after he was accused of changing a police report to claim that his wife had insurance when another car hit hers. Cpl. Ronald Small and Tracey Small were booked Jan. 12 at Caddo Correctional …

10 Injured Ark. trucker wins court order for rehearing

Judge criticizes state Workers’ Compensation Commission 10 Accused of insurance fraud, La. police officer resigns Change in accident report at issue 10 La. Citizens gets nod to raise rates Statewide average commercial rates to increase 138.4% 12 Windstorm issues to …

Declarations

More than one first “I’m elated to begin my first full four-year term during Oklahoma’s centennial year. It is indeed an honor. Having restored integrity and public confidence to the office, I am committed to creating an environment where nearly …

Enron’s legacies and directors and officers risk

Shortly after former Enron CEO Jeffrey Skilling’s Oct. 23, 2006, sentencing, the Enron Task Force said it was closing down, with its mission mostly complete. Yet did that event really signal an endpoint in the Enron criminal scandal? Perhaps it’s …

It Figures

$445 Billion Nearly half a billion dollars will be given to U.S. cities and regions to help reduce the risk of terror attacks on ports, transit systems and chemical plants, Homeland Security Secretary Michael Chertoff announced. The Associated Press reported …

In 2006, largest P/C losses occurred inland

Coastal states got a relative reprieve in 2006, while inland states racked up most of the nation’s property/casualty losses for the year. According to the Insurance Services Office’s Property Claim Services (PCS), the states where insurers reported the largest catastrophe …