The Arizona Legislature has approved a bill to privatize the state workers’ compensation insurer as an Arizona mutual insurance company, beginning Jan. 1, 2013. The State Compensation Fund (SCF) was created in 1925 by the legislature to provide a ready …
Workers’ Comp Combined Ratio “The workers compensation insurance industry had a trying year in 2009. And a series of unknown factors – from the pace of economic recovery to the long-term impact of the new federal health care law, among …
New Mexico Insurance Superintendent Morris Chavez has resigned, saying he and his family have been the targets of “sad and derogatory” online comments in the wake of a contentious health insurance rate case his office recently settled. Chavez submitted a …
Irvine, Calif.-based Superior Access Insurance Services Inc. named Tom Crawford chairman of the board of directors. Before joining Superior Access, Crawford served as chairman, president and CEO of Crawford & Co. With more than 45 years of insurance industry experience, …
Security Planning, CSIPros Salt Lake City-based Security Planning & Insurance Corp., an insurance carrier in the childcare industry, launched Charter School Insurance Professionals (CSIPros), an insurance company to focus exclusively on providing whole-package insurance to charter schools nationwide. According to …
Alternative market insurance provider, Safety National in St. Louis, Mo., promoted Senior Vice President John Csik to the position of chief financial officer and treasurer. Csik takes over these positions from Duane Hercules, who will continue in his position of …
Homeowners can mitigate against wind damage, but they’re powerless, really, to do anything against storm surge,” said one researcher whose job it is to develop ways to determine the vulnerability of homes and other properties not only to storm surge, …
The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started, as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several …
A Way to Overcome? “What we’re currently doing, and I suspect it will probably take the next 48 hours or so, is saying, ‘Is there a way to overcome this problem?”‘ —Doug Suttles, chief operating officer BP Plc, commenting after …
New and significant rulings have been issued in two of several lawsuits at the forefront of global warming/climate change litigation that are likely to set the future direction of such litigation. These cases are: Massachusetts v. Environmental Protection Agency. The …
