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

Workers’ Comp Group Defends Work in North Carolina

A non-profit workers’ compensation research organization that maintains its work is objective has found itself at the center of a controversy in North Carolina over whether to trim workers’ compensation benefits. A group of trial lawyers has alleged that the …

Restaurants Rebound: Insurance Market Heats Up

It is no secret that the restaurant industry has been in a slump. As families have cut back on eating out, restaurants have suffered three straight years of a decline in business: -.2 percent in 2010, -2.8 percent in 2009 …

Rising Seas Could Threaten Cities by 2100

Rising seas spurred by climate change could threaten 180 U.S. coastal cities by 2100, a new study says, with Miami, New Orleans and Virginia Beach among those most severely affected. Previous studies have looked at where rising waters might go …

Restaurant Sales Going Up After 3 Tough Years

Restaurant industry sales are expected to reach a record $604 billion and post positive growth in 2011 after a three-year period of negative real sales growth. The 2011 forecast from the National Restaurant Association (NRA) projects an industry sales increase …

Rates for Architects, Engineers Going Up: Report

Rates for architects and engineers professional liability insurance, which have been stable, are expected to go up this year, a new study reports. A number of leading insurance companies offering this coverage expect to raise premium rates in 2011 up …

People

Jennifer McPhillips has been promoted to senior director of federal government affairs for the Independent Insurance Agents & Brokers of America (the Big “I”) and will serve as one of the association’s Democratic lobbyists on the group’s bipartisan Capitol Hill …

Fraud Tax

It’s not very often that private insurers, state regulators, lawmakers and consumer groups are all on the same page on an insurance issue in Florida—or any state, for that matter. But this miracle is taking place in Florida. The agreement …

North Carolina to Hear Dwelling Fire Rate Hike

North Carolina Insurance Commissioner Wayne Goodwin has called for a June 21 public hearing on a proposed 20.9 percent rate increase in dwelling fire and extended coverage rates after the Department of Insurance ruled that some portions of the filing …

Kentucky Workers’ Comp Panel Hit Over Adviser

An audit has found the Kentucky Workers’ Compensation Funding Commission paid about $510,000 to a private financial adviser when the law requires it to use state-employed advisers. State auditor Crit Luallen said the commission has paid Morgan Stanley Smith Barney …

Georgia Ex-Regulator Oxendine Granted Himself Licenses As He Exited Post

Georgia Insurance Commissioner John Oxendine issued himself several licenses to sell insurance and adjust claims in his last full day in office, according to a newspaper report. Oxendine used his authority as the state’s top insurance regulator to waive requirements …