Yearly Archives: <span>2013</span>

Wisconsin Workers’ Comp Insurers Propose to Rein in Costs

States once again show the way to management and reform of public systems by having affected interests sit down together to work out a plan. In Wisconsin, the nation’s oldest workers’ compensation program historically has been maintained through negotiated revisions …

Illinois Gets $1M in Federal Grants After Tornadoes

Gov. Pat Quinn’s office says federal aid for Illinois tornado victims has topped $1 million. The governor’s office says that federal grants following the fatal Nov. 17 twisters have reached $1.06 million. The money is being used to help with …

Jimcor Agencies in New Jersey Appoints Brokerage Specialist

Jimcor Agencies announced the appointment of Christopher Hudson to the position of brokerage specialist. Hudson brings more than 13 years of experience in the industry. Previously Hudson has worked with carriers, managing general agents and agents as an account executive, …

N.J. Bill Requiring New Homes Be Equipped With Fire Suppression Systems Advances

In New Jersey, legislation sponsored by state Sen. Donald Norcross (D-Camden/Gloucester) that would increase public safety by requiring that certain new homes are equipped with a fire suppression system was approved Thursday by the N.J. Senate Community and Urban Affairs …

P/C Industry Supportive But Cautious on Federal Insurance Office Recommendations

Insurers, agents, brokers and state regulators welcome modernization and improvements in the current regulation of insurance, but are not so welcoming of changes that might invite regulation by the federal government. The U.S. Treasury’s Federal Insurance Office (FIO) yesterday released …

Ascent Launches Medical Billings E&O Coverage for U.S. Healthcare Professionals

Ascent Underwriting, the Managing General Agent (MGA) specialising in emerging risks, has launched a medical billings errors & omissions insurance product specifically aimed at U.S. healthcare professionals. CyberPro Medical Billings offers financial protection against HIPAA billing and coding regulation violations …

Ratings Recap: Loudun Mutual, Hastings Mutual, Ellington Mutual, American Safety RRG

A.M. Best Co. has upgraded the financial strength rating to ‘A’ (Excellent) from ‘A-‘ (Excellent) and the issuer credit rating to “a” from “a-” of Virginia-based Loudoun Mutual Insurance Company, and has revised its outlook for both ratings to stable …

FEMA Rejects Major Disaster Declaration for Indiana

Gov. Mike Pence says the federal government has rejected Indiana’s request that Howard County be declared a major disaster area because of damage from last month’s tornadoes and severe storms. Pence said he has ordered the Indiana Department of Homeland …

Elevator Company Cited In 49ers Stadium Death

California safety officials have issued more than $50,000 in fines against an elevator company whose employee was killed while working at the San Francisco 49ers’ new stadium in Santa Clara. Sixty-three-year-old mechanic Don White was killed June 11 by an …

OSHA Fines Geismar, Louisiana Plant $99K for 6 Safety Violations

The U.S. Occupational Safety and Health Administration has proposed fines of $99,000 against Williams Olefins for a June explosion at its plant in Geismar, La., that killed two workers and injured 80. OSHA cited the company for six process safety …