Monthly Archives: <span>May 2010</span>

Calif. Insurance Guarantee Association Could Issue Bonds to 2013

The California Senate has passed a bill to extend extend from Jan. 1, 2011, to Jan. 1, 2013, the sunset date on the authority of the California Insurance Guarantee Association (CIGA) to issue revenue bonds to pay workers’ compensation claims. …

ABI Advises Travelers After Latest Volcano Ash Cloud Disrupts Flights

Heightened eruptions from Iceland’s Eyjafjallajokull volcano caused periodic closures of a number of European airports, as flights were cancelled, delayed or rerouted. Transatlantic air traffic between Europe and the U.S. was also affected by the clouds of ash, which swept …

Workers’ Comp Drug Costs in Wisconsin 30% Lower Than Median

The cost per claim of prescription drugs used to treat injured workers in Wisconsin was significantly lower than in most study states, according to a new report by the Workers Compensation Research Institute (WCRI). The 16-state study by the Cambridge, …

West Bend Mutual’s Argent Moves to Waukesha, Wisconsin

Argent, West Bend Mutual Insurance Company’s monoline workers’ compensation division, has moved from West Bend’s home office to a new division home in Waukesha, Wis. The office currently has a staff of 10 and Argent expects to create thirty new …

LWCC CEO Kirstin Wall Named to Board of NCCI Holdings

Louisiana Workers’ Compensation Corp. (LWCC) President and CEO Kristin W. Wall has been elected to the board of directors of NCCI Holdings Inc. NCCI provides workers’ compensation and employee injury data and statistics in the nation. Wall is among five …

State Farm Gets 9.9% Homeowners Rate Hike in Louisiana

State Farm Fire and Casualty Co., Louisiana’s largest residential insurer, has been approved for an average 9.9 percent rate increase for homeowners’ coverage in Louisiana. However, coastal areas vulnerable to hurricanes will be bearing much of the brunt. Insurance Commissioner …

Affirmative Insurance Reports Increased Revenue in Q1 2010

Addison, Texas-based Affirmative Insurance Holdings Inc., a distributor and producer of non-standard personal automobile insurance policies, reported that gross premiums written and total revenues increased during the first quarter of 2010 compared with the same period in 2009. Total gross …

The Hartford Marks 200 Years

The Hartford marks 200 years in business today, a commemoration recognized at the New York Stock Exchange this morning as CEO Liam E. McGee and CFO Christopher J. Swift rang the opening bell. “The company has played a critical role …

New York Lawmakers Hold Discussion on Coastal Insurance Issues

New York lawmakers hold a roundtable discussion today with insurance agents and industry leaders over the difficulties facing the coastal homeowners insurance market. The meeting at the state legislature was called for by Assemblyman Joseph Morelle (D) and state Senator …

Inspections Uncover Serious Safety Violations; 6 Kentucky Mines Closed

Hundreds of serious violations were discovered at 57 troubled U.S. coal mines during surprise inspections just days after the nation’s worst coal mining disaster in 40 years, federal regulators said recently. Six small Kentucky operations had so many problems that …