Monthly Archives: <span>March 2011</span>

North Dakota Flood Insurance Policies Down Slightly

The number of flood insurance policies issued to North Dakota residents so far this year is down slightly from last year, despite predictions of high water and an emergency declaration request for about one-third of the state’s counties, federal officials …

Missouri Senate Endorses Workers’ Comp Changes

Missouri senators have given first-round approval to legislation that restricts employees from suing co-workers over injuries incurred on the job. The legislation also expressly states that occupational diseases, such as health problems associated with asbestos exposure in a workplace, are …

As Economy Improves, Risk Profiles Can Worsen

Slowly, but with growing certainty, the economy is recovering. Improving economic vitality is certainly good news, but companies need to be aware that their risk profiles are likely to change for the worse as business activity picks up, according to …

Unrest in Captive Insurance World Benefits the GlobalGreen Agency

Ray Spears, Jeff Wilson and Charles Donaldson in 2007 established GlobalGreen Insurance Agency as the brand name for the franchise network of independent agencies developed and operated by St. Louis, Mo.-based Equity One Franchisors. Spears, a former banker, said the …

U.S. First Responders Will Learn from Japan’s Tragedy: Napolitano

Homeland Security Secretary Janet Napolitano says federal. emergency agencies constantly rehearse for a disaster like the one unfolding in Japan, and American first responders will learn from the experience of their Japanese counterparts. Napolitano says the United States was already …

Georgia Seeks Waiver from Medical Loss Ratio Rule

Georgia is requesting a waiver from a key element of the federal healthcare overhaul that sets how much of health insurance premiums must be spent on medical care. Insurance Commissioner Ralph Hudgens said he wants a waiver from the “medical …

Mississippi Senate Sends ATV Safety Bill to Governor

The Mississippi Senate has passed a bill requiring safety measures for young ATV riders, sending the bill to the governor for consideration. The bill would require riders and passengers under age 16 who ride on public land to wear a …

Shipowner Calls for Suez Canal Boycott over Pirate Threat

A leading Norwegian shipowner called on tanker operators to boycott the Suez Canal which he said would force global powers to intervene in Somalia to crush piracy by forcing up oil and commodity prices. The call, which has yet to …

Global Fears Mount as Japan Takes Desperate Measures to Cool Reactors

Operators of a quake-crippled nuclear plant in Japan dumped water on overheating reactors on Thursday while the United States expressed growing alarm about leaking radiation and urged its citizens to stay well clear of the area. While Japanese officials were …

EQECAT Updates Japan Quake/Tsunami Analysis; Insured Losses $12-$25 Billion

Insured losses from the magnitude 9.0 earthquake and tsunami that struck Japan last Friday are between $12 billion and $25 billion, according to catastrophe modeler EQECAT. In its latest update, the firm describes the losses as “significant.” The figures are …