Monthly Archives: <span>February 2014</span>

California DWC Names Appointments to Ethics Advisory Committee

Paige Levy and Joyce Cram were appointed to serve as members of California’s Workers’ Compensation Ethics Advisory Committee. The appointments were made by Division of Workers’ Compensation Acting Administrative Director Destie Overpeck. Levy will fill the position designated to be …

Toledo Has Most Arson Fires in Ohio; Few Perpetrators Caught

The state’s fourth-largest city, where two firefighters died in what investigators say was a blaze set by an apartment building owner, has reported more arsons than anywhere else in Ohio over the past few years. Toledo had more arsons each …

Washington Schools To Pay $6.9M Settlement For Fall

The Toppenish School District has agreed to pay $6.9 million to the family of an infant who fell through bleachers at a soccer game and suffered lifelong debilitating injuries. The Yakima Herald-Republic reported that the $6.9 million settlement was reached …

California Senator Pleads Not Guilty In Workers’ Comp Fraud Case

State Sen. Ron Calderon pleaded not guilty Monday to federal charges that he accepted $100,000 in bribes in return for pushing legislation, charges that could send him to federal prison for years. Calderon, a member of a powerful Democratic political …

N.Y. Sen. Schumer Urges Privacy Guidelines for Car-Tracking Technology

New York Sen. Charles Schumer is calling on federal regulators to set guidelines to protect consumers as car companies collect personal information through “smart car” technology and sell it to third parties. Schumer announced on Feb. 23 that he’s asking …

Falling Reinsurance Rates Presage Sector Shake-out

A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers shoulder risk in exchange for part of the profit, this month …

Mass. AG Voices Support for Federal Legislation to Address Patent Trolls

Alleging that patent trolls stifle innovation and harm the economy, Massachusetts Attorney General Martha Coakley joined 41 other states Monday in submitting a letter to two Senate committees voicing support for federal legislation that will address frivolous and abusive patent …

Mercury Insurance Cuts Florida Auto Rates 10%

Some Florida drivers could see their premiums reduced after one automobile insurer announced it would cut rates by an average of 10 percent. Mercury Insurance Co. officials said the new rates would take effect immediately on all new policies and …

Best Affirms Validus Re Swiss, Bermuda & Holdings Ratings; Outlook Stable

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of Validus Reinsurance, Ltd., (Validus Re – Bermuda) and Validus Reinsurance (Switzerland) Ltd. (VRS), as well as the ICR of “bbb” and …

Why Damages Caps Won’t Fix Malpractice Laws: Peter Orszag

I have long believed that reforming U.S. medical malpractice laws could bring significant benefits, and new research supports that notion. Before conservatives get too excited, though, the evidence suggests the right way forward is not to impose arbitrary caps on …