Monthly Archives: <span>May 2008</span>

Nationwide Insurance Cuts 204 Jobs in Oregon

Nationwide Insurance says it will cut 204 jobs at its Portland, Ore., offices in June. According to a filing with the state, the mass layoff is part of Nationwide’s plans to eliminate certain departments. Nationwide said it will remain an …

California Discussing Sale of State Workers’ Compensation Insurer

Rumors that California is considering selling the State Compensation Insurance Fund to help close the state budget gap are true, but government officials said the idea has amounted to no more than discussion at this point. Gov. Arnold Schwarzenegger’s Administration …

National Association of Insurance Women Formed From Need for Education

NAIW International took root in 1938, when Elsie B. Mayer and C. Bertha Rachofsky joined nine other Denver insurance women to form an organization for insurance education purposes, according to NAIW International. The two most challenging aspects facing Insurance Women …

Fraud Roundup

Auto Fraud Suspect Arrested A Desert Hot Springs, Calif., resident was arrested for allegedly defrauding his insurance company of $26,000, the California Department of Insurance reported. Robert Andrew Nelson was arrested in Cathedral City, Calif., on charges of filing a …

Defense Base Act: Doing Business Outside the Box

Dealing with wartime issues and associated complications is a major factor in doing business in far-flung hotspots. As the need for and presence of U.S. government foreign-based support personnel increases, so does the need for workers’ compensation coverage for contractors …

Colorado Bill Gives Regulator Authority to Demand Insurance Compensation

Colorado Gov. Bill Ritter has signed a bill that will allow the state Department of Regulatory Agencies (DORA), and its Division of Insurance the legal authority to demand that insurance companies or agents compensate customers fully when they have been …

Survey: Small Business Customers Depend on Agents’ Expertise

Agent expertise in workers’ compensation insurance is a critical factor in small businesses’ choice of carriers, according to a recent national survey conducted by Employers, which specializes in insurance for small businesses. The survey targeted small businesses throughout the nation. …

Montana State Fund Says Workers’ Comp Rates to Drop Next Year

The Montana State Fund is cutting workers’ compensation insurance rates by an average of 3 percent next year, the agency’s board said. This is the second year in a row the State Fund, a semiprivate branch of state government, has …

Planning Ahead Can Help Reduce Telecommuting Workers’ Comp Exposures

A thorough telecommuting policy can help employers avoid losses and increase productivity. More and more companies are offering their employees various levels of telecommuting benefits to retain existing staff and attract future qualified insurance professionals. Yet what many employers haven’t …

Insurers Expected to Halt New Business in Nevada as Temblors Continue

Dozens of minor earthquakes shook Reno, Nev., on April 27 as a sequence of temblors entered its third month and prompted some frazzled residents to leave their homes. Officials recorded more than 150 aftershocks on the western edge of the …