People Austin-based Medicus Insurance Co. named Eugenie Shea president and chief operating officer. She will also serve as executive vice president of the parent company, Medicus Insurance Holdings Inc. Sheldon Davidow assumed the role of CEO of the medical professional …
Declarations
Unfunded Mandates “Bear in mind, all of these regulatory efforts must be funded — at the expense of the states and at the expense of Main Street insurance agents.” —Kenneth R. Auerbach, president-elect of the National Association of Professional Insurance …
Oklahoma Governor Vetoes Lawsuit Reform Bill
Oklahoma Gov. Brad Henry in mid-May vetoed lawsuit reform legislation he said conflicts with an Oklahoma Supreme Court decision on a similar bill that the court found unconstitutional two years ago. Henry vetoed the measure two days after it passed …
Plan Ahead to Help Reduce Telecommuting Workers’ Comp Exposure
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 …
South Central Workers’ Comp Markets Show Signs of Improvement
Arkansas Workers’ comp premium rates in Arkansas will continue on the declining path they have followed since the state passed workers’ compensation legislative reform in 1993, when a 12.8 percent rate decrease takes effect on July 1, 2008. Arkansas Insurance …
Damages Mount – again – In Storm-battered South Central States
Storms have caused more than $3 billion in damages this year, insurance group says As the town of Picher, Okla., began to climb out of the wreckage of the deadly tornadoes that swept across Southeastern Oklahoma, Missouri and beyond over …
Defense Base Act: Business Outside the Box
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 involved in U.S. funded projects. The opportunity to provide coverage for those who work under U.S. funded …
Business Moves
Safety National Casualty, Colemont Safety National Casualty Corp., a Missouri-based provider of excess workers’ compensation insurance, and Colemont Insurance Brokers launched a new program for non-subscriber employers in Texas. The new program, TExcess, provides excess coverage for occupational injury benefit …
Allstate to Begin Homeowners Rate Reductions, Refunds in Texas
As a result of an agreement reached by the Texas Department of Insurance, the Office of Public Insurance Counsel and Allstate Texas Lloyd’s, the company will soon begin reducing its homeowners rates and provide policyholders with refunds and/or credits for …
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. …
