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

NAIC: Pack Your Bags!

The National Association of Insurance Commissioners (NAIC) currently makes its home in Kansas City. For most situations, this works well, particularly with telecommuting, videoconferencing and e-mail. It even worked well in the old days of phone and fax. But whether …

Insurers Boost California Economy by $27.3 Billion

California has a $1.6 trillion economy that ranks it as a global financial power, thanks in part to a multi-billion dollar boost from the insurance industry, according to a new report by the Insurance Information Network of California. In its …

Declarations

Design, Not Default “If you talk to a lot of people in insurance companies, they’ll tell you that their career in insurance started by default, not by design. It helps to be able to find people earlier and sooner, to …

Trucking Under the Influence

Number of Drug and Alcohol Abusing Truckers Unknown It is estimated that somewhere between 1 percent and 10 percent of drivers of commercial or “big rig” trucks are operating under the influence of drugs or alcohol on any given day. …

California Forecasts Stability in Workers’ Comp Insurance Market

For the first time in six years, an interim pure premium rate advisory will not be issued by the California Insurance Commissioner’s office because of market strength. In the past, the commissioner issued the advisory after receiving a recommendation by …

Survey: Small Businesses Don’t Understand Dollars Spent on Workers’ Comp

Too many small business decision-makers appear to be spending money on workers’ compensation insurance coverage without understanding how workers’ compensation insurance works, what they get for their premium payments, or why they continue coverage with a particular carrier, according to …

Insurance Industry Celebrates Women’s Achievements

Fortune 500 companies with the highest representation of women board directors have significantly higher financial performance, on average, than companies with the lowest representation of women board directors, according to a study by nonprofit organization Catalyst that was sponsored by …

Experts Say Potential for Arizona Wildfires Extreme

Wildland fire officials are warning of a potential disaster in southeastern Arizona. Fire behavior analysts with the Eastern Arizona Incident Management Team said the potential for extreme wildfire conditions are the worst they have been in southeastern Arizona for this …

It Figures

$7.81 Billion Quarterly loss American International Group Inc. posted largely due to write-downs related to bad mortgage investments. AIG blamed much of the loss on the continuation of the weak housing market, the disruption in the credit markets, as well …

Strategies To Reduce Workplace Risks Same in Soft Market

Loss and safety management can help companies to save money by reducing workers’ compensation insurance claims, according to Tim East, director of risk management for The Disney Co., Woody Hill, vice president of loss control for Employers Compensation Insurance Co., …