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

Louisiana Workers’ Comp Declares Record Policyholder Dividend

Louisiana Workers’ Compensation Corporation (LWCC) has declared a 2013 dividend of $69.1 million, bringing the cumulative total dividend over the past 11 years to more than $300 million. The dividend, the company’s largest to date, will be paid to qualifying …

Fireman’s Fund Insurance Adds Norris to High Net Worth Team in Chicago

Fireman’s Fund Insurance Co. appointed Kate Norris as business relationship manager in its Chicago office. With more than 15 years of industry experience, Norris will focus on Fireman’s Fund’s high net worth segment in personal lines insurance, specifically, family office …

Federal Report Details Problems at Indiana’s Workplace Safety Agency

Federal investigators say Indiana’s workplace safety agency mishandled complaints, put its inspectors under strict time constraints and didn’t help whistleblowers. The federal Occupational Safety and Health Administration in a report released made 22 recommendations for improvement at the Indiana Occupational …

Repairs to Levees in Council Bluffs, Iowa Could Cost $50M

Repairs and improvements on Council Bluffs, Iowa’s river and creek levees could cost the city $50 million. The Daily Nonpareil says the estimate comes from a study on the work needed to repair river and creek levees to meet federal …

Texas Company Stalls on Paying $6M Judgment in Iowa Disabled Workers Case

Federal and state officials are having trouble collecting the multimillion-dollar judgment a Texas company was ordered to pay for mistreating 32 mentally disabled workers at an Iowa labor camp. The Des Moines Register reports Henry’s Turkey Service of Goldthwaite, Texas, …

Louisiana Health Insurers OK Third-Party Payers Through Nov. 15

The three major companies in Louisiana offering coverage through the federal insurance exchange have agreed to continue to accept premium payments through Nov. 15 from a program that helps HIV/AIDS patients cover their health care costs. The Advocate reports the …

State Supreme Court Upholds Mutualization of Oklahoma’s CompSource

The Oklahoma Supreme Court has upheld a plan to convert the state workers’ compensation insurance provider into a mutual company. The state’s highest court handed down a decision on March 11 that affirms legislation adopted last year to convert CompSource …

Marsh’s Advice on Political Risk Market Concerns over Russia, Ukraine Turmoil

“Insurer concern over the political unrest and country credit ratings in Ukraine and potential sanctions in Russia have caused some to effectively stop underwriting political risk insurance in those two countries,” according to today’s briefing from Marsh. However, Marsh also …

N.J. Sen. Menendez Hears About Sandy Victims’ Recovery Woes

Confusing bureaucracy, a lack of clear guidelines, contradictory information and scant money for rebuilding after Superstorm Sandy were just some of the issues that New Jersey homeowners raised during a meeting with U.S. Sen. Robert Menendez (D-N.J.) on Monday.Menendez met …

Idaho Senate Panel Passes Sobriety Testing Bill

A bill that would allow Idaho judges to require alcohol breath testing twice a day for some probationers is headed to the full Senate. The bill sponsored Rep. Luke Malek, R-Coeur d’Alene, gives counties the option to take part in …