Monthly Archives: <span>May 2009</span>

SCF Arizona Board Approves $10 Million Dividend

SCF Arizona’s Board of Directors has unanimously approved a $10 million dividend for 2008 to qualified policyholders. The Arizona workers’ compensation insurer said SCF the dividend payout marks 38 straight years it has been able to return money to policyholders. …

Fire Departments Feeling Effects of Recession

The current economic crisis is negatively affecting fire departments across the country, according to a survey of firefighters. More than half of all fire departments said the poor economy meant they had to increase fundraising efforts or grant writing due …

Crews Fully Contain Santa Barbara Fire

Firefighters have fully contained the nearly 2-week-old Santa Barbara wildfire that destroyed dozens of homes. The California Department of Forestry and Fire Protection announced the containment on May 18. The Jesusita Fire broke out May 5 and burned more than …

Republican Health Care Reform Nixes Public Option, New Taxes

Congressional Republicans today unveiled a health care reform plan they hope will compete with what Democrats are planning to offer. U.S. Senators Tom Coburn, M.D., of Oklahoma, and Richard Burr, of North Carolina, along with U.S. Representatives Paul Ryan of …

Republicans Explain Their Health Care Reform Plan

While President Obama may believe the stars are aligned for major health reform this year it is far from certain whether Congress will pass a bill that works. The groups that are most likely to unravel this effort are not …

Arizona Governor Names Patrick to Arizona Workers’ Comp Insurer Board

Arizona Governor Jan Brewer has named Judith A. Patrick chair of the Board of Directors of SCF Arizona, the state’s largest provider of workers’ compensation insurance. Patrick becomes the first woman appointed to the post, and the Tucson, Ariz., resident …

Pinnacol Assurance Issues $120 Million in General Dividends

Denver-based Pinnacol Assurance, a Colorado source for workers’ compensation insurance, announced it is issuing general dividend checks totaling approximately $120 million to its policyholders. During the past five years, Pinnacol has returned a total of $347 million in general dividends …

Colorado Nears Anniversary of Its Costliest Tornado

The tornado that devastated the community of Windsor, Colorado, on May 22 of last year added up to an estimated $193.5 million in insured damage– making it Colorado’s most expensive tornado. The claims came from approximately 24,000 auto and homeowner …

Farmers Group Names Ceglar Executive VP and General Counsel

Frank Ceglar has been promoted to the position of executive vice president and general counsel of Farmers Group Inc. Ceglar’s legal career with Farmers began in 1977 when he was hired as assistant corporate counsel. Before joining Farmers, he practiced …

Insurance Industry Plays Significant Role in California’s Economy

The insurance industry plays a significant role in California’s economy, employing hundreds of thousands of workers, investing billions of dollars in state and local governments and paying the fourth largest amount in taxes to the state’s General Fund, according to …