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

Calif. State Fund Holds Line On 2008 Rates

California’s State Compensation Insurance Fund has announced the filing of its Jan. 1, 2008, rating plan, making no change in the average collectible rate level. SCIF held the line on rates despite the Workers’ Compensation Insurance Rating Bureau’s filed recommendation …

Calif. Commissioner Files Uninsured Motorist Ballot Initiative

Proving rumors true, California Insurance Commissioner Steve Poizner has filed a draft ballot initiative with the state Attorney General’s office designed to reduce the number of uninsured motorists on state roads and highways by imposing fines. The voter initiative, dubbed …

Montana Insurance Company to Appeal in Retaliation Case

An insurance provider for the city of Billings, Mont., will appeal a verdict that awarded $1.3 million to a police officer who said he suffered retaliation for reporting the mishandling of illegal drugs within the department. The Montana Municipal Insurance …

Virtual Conference: Economic Impact from Absence of Hurricanes in Fla.

Florida has been spared landfall by a hurricane for a second consecutive year, but residents should not be lulled into a sense of false security, cautions Sam Miller of the Florida Insurance Council. The 2007 hurricane season produced two category …

Report: Corporate America Making Strides on SOX Compliance

Corporate America is making marked improvements in regulatory compliance despite persistent problems and the financial services industry ranks as a top-performer, according to a study of financial reporting and corporate risk by Compliance Week, a magazine and newsletter on corporate …

Workers’ Comp Claim Denied for Tenn. Telecommuter Assault Victim

The Tennessee Supreme Court has ruled that a telecommuter who was attacked while preparing lunch in her kitchen wasn’t entitled to workers’ compensation benefits for her injuries. In the case of Kristina Wait v. Travelers Indemnity Co. of Illinois, the …

NCOIL Names New Officers

The National Conference of Insurance Legislators (NCOIL), elected the following officers for 2008: Sen. James Seward (NY) as President-Elect; Rep. Robert Damron (KY) as Vice President; Rep. George Keiser (ND) as Secretary; and Sen. Carroll Leavell (NM) as Treasurer. In …

Wind-Driven Wildfire Strikes Malibu Again, 49 Homes Destroyed

Glen Sunyich has seen flames ravage the canyons and mountains above Malibu, Calif., three times and has been thankful his home was spared. The fourth time, he wasn’t so lucky. Sunyich’s home was among 49, along with two outbuildings, that …

Former N.M. Business Manager Sentenced to Probation

District Judge Kenneth Martinez has sentenced the ex-business manager of an Albuquerque, N.M., mental health center to five years on probation for insurance and Medicaid fraud. The state attorney general’s office says 50-year-old Valerie Potter of Rio Rancho pleaded guilty …

Modesto Restaurant Owners Fined over Workers’ Comp Flap

The owners of the popular Mallard’s restaurants in Stockton and Modesto, Calif., will pay the state a $100,000 fine for not carrying worker’s compensation insurance. The state labor commissioner’s office started investigating the restaurants after the Stockton eatery closed abruptly …