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

Players Association Lambasts New Orleans Saints-Backed Workers’ Comp Bill

The NFL Players Association is launching a campaign aimed at defeating the New Orleans Saints’ bid to change state law pertaining to workers’ compensation claims by players. NFLPA executive director DeMaurice Smith said legislation which was pushed by Saints owner …

Stockton Bankruptcy Exit Trial Starts Today

The bankrupt city of Stockton, California, will face off against a holdout creditor this week in a closely watched municipal bankruptcy case pitting the rights of impaired bondholders against retirees and other creditors. At issue is whether the northern California …

Insured Disaster Losses Higher in Oklahoma Than in Any Other State in 2013

May 20, 2014, marks the one-year anniversary of the deadly tornado outbreak in Moore, Oklahoma, which contributed to the state’s designation as the site of the costliest U.S. natural disasters in 2013, according to the Insurance Information Institute (I.I.I.). “Oklahoma …

Delaware Task Force Eyes Lower Workers’ Compensation Costs

Delaware’s state panel established to address recent rate increases for workers’ compensation insurance in the state is recommending that medical costs be trimmed by 33 percent over the next three years. The Workers’ Compensation Task Force voted on May 9 …

Following Derailment Union Pacific Line in Colorado Up and Running

U.S. railroad company Union Pacific Corp said on Monday that a rail line on which a train derailed near the town of LaSalle in northern Colorado was back in service. The train, which was heading to an East Coast destination, …

Nationwide Reports P/C Premium Up 6% in Q1; Weather Lowers P/C Profit

Nationwide reported total operating revenue of $6.1 billion for the first three months of 2014, up 5 percent over the same period last year and steady compared to fourth quarter 2013. First quarter operating earnings were balanced across the company’s …

North Dakota Oil Boom Brings Surge in Worker Fatalities

Oil and gas workers in North Dakota are six times more likely to die on the job than their peers in other states as inexperienced workers join the state’s oil and gas boom, according to a report by a labor …

Wisconsin AG Candidate Not Sure About Criminalizing First DUIs

Wisconsin attorney general hopeful Susan Happ isn’t convinced criminalizing first-time drunken driving offenses would be the right move. Happ told a WisPolitics.com luncheon that first-time drunken drivers already face sanctions on their licenses and increased insurance premiums. She said criminalizing …

Bill Would Give Tax Relief to Small, Rural P/C Insurers

About 600 small mutual property/casualty insurers serving rural communities would get a tax break under federal legislation filed last week in Congress. Introduced by Reps. Erik Paulsen, R-Minn., Ron Kind, D- Wis., and Aaron Schock, R-Ill., the legislation would update …

Mississippi Approves $17M for Tornado Recovery

The Mississippi Legislature met in a three-hour session Thursday approved $17 million to help pay for recovery from disasters, including tornadoes that recently pounded the state. Republican Gov. Phil Bryant signed the funding measure, Senate Bill 2001, and it became …