Monthly Archives: <span>October 2012</span>

Business Moves – South Central

Mission Select Insurance Services A new managing general agency — Mission Select Insurance Services LLC — has been formed in Texas with a focus on residential property. Mission Select, based in Argyle, was formed with the backing of San Diego, …

Falling Trees: Act of God or Covered Event?

Another Atlantic hurricane season is nearing its official end on Nov. 30, but the peak activity period of August to October is largely complete. While it has been an active season in terms of named storms, only a few have …

In-Debt-Ed

Before the financial crash of 2008, it was highly educated Americans who were most likely to pile on unmanageable levels of debt, suggests a new study, one of those that seems to turn conventional wisdom on its head. Overall, the …

Louisiana Citizens: Claims from Hurricane Isaac 85% Settled

Louisiana Citizens Property Insurance Corp. reported as of Oct. 15 it has received 17,059 claims from Hurricane Isaac. Ninety-seven percent of those claims have been inspected by company adjusters and 85 percent have been settled. Loss payments through the second …

Attorney: Catastrophic Weather Slamming Oklahoma Property Market

Property insurance claims in Oklahoma totaled $1.6 billion in 2011, according to one attorney familiar with the property insurance market in that state. Much of that was the result of catastrophic weather conditions that have slammed Oklahoma in recent years. …

The Medium and the Message

There’s a lot of great information in this issue of Insurance Journal about social media and mobile technology, and how agencies can use these tools to help them grow. We aim to keep up with the times, do we not? …

Wyoming OSHA Seeks Additional Fines Against Sinclair

Wyoming’s state workplace safety agency is seeking another $155,000 in fines against Sinclair Oil, this time for a refinery fire that injured four workers in early May. The May 8 fire at the Sinclair Refinery in south-central Wyoming was the …

Calif. State Fund Board: Drop Rates 7%

California’s State Compensation Insurance Fund’s board has voted for a 7 percent decrease in its 2013 rates, a move that reflects State Fund’s anticipated savings from a workers’ compensation reform law set to take effect on Jan. 1, 2013. The …

Father and Daughter in Central Calif. Workers’ Comp Fraud Must Repay Over $600K

Jerry Buffington, 69, and Cynthia Russell, 47, pled guilty in Kern County Superior Court to one count each of workers’ compensation insurance premium fraud and eight counts each of tax evasion and were ordered to pay restitution to California’s State …

Report: Calif. Workers’ Comp Impacted by Recession, Reform, Medical

By Don Jergler A report out this month from the Workers’ Compensation Research Institute rates California’s workers’ comp system against 15 other states, and the report details several key improvements to the system that could be made after a law …