Currents

U.S. traffic deaths on the rise

Traffic deaths in the United States reached their highest levels since 1990, the government reported. The spike in fatalities was attributed to an increase in motorcycle and pedestrian fatalities. The National Highway Traffic Safety Administration said 43,443 people were killed …

N.Y. speeds up benefits to 9/11 rescue workers

New York State has adopted a trio of laws designed to speed workers’ compensation benefits for workers and their families with claims related to 9/11 rescue efforts. The first new law enables many workers who became ill after the expiration …

Washington appoints assistant attorney general

Washington’s Department of Labor and Industries (L&I) said that the State Attorney General’s Office has assigned a full-time assistant attorney general, Susan R. DanPullo, to assist the agency in combating workers’ compensation fraud. The newly assigned attorney will develop fraud …

Transportation activities accounted for most on-job fatalities in 2005

Workplace deaths rise in Texas and Ark.; Okla. reports lower private sector fatalities but higher rates in public sector Texas, Arkansas and Oklahoma all experienced higher rates of workplace fatalities in 2005, as compared to 2004. However, the total number …

Guy Carpenter report examines impact and risks of nanotechnology

Guy Carpenter & Company, the risk and reinsurance specialist of Marsh & McLennan Companies, released a new study that provides an overview of the emerging science of nanotechnology, its potential benefits for the global economy, associated risks and implications for …

Northeast leads in businesses buying property terrorism coverage

Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, a dramatic increase from the 2003 average of 27 percent and up from 50 percent in 2004. A report from insurance firm …

Allstate drops Alaska earthquake coverage

Nearly 7,000 Alaskans will lose their earthquake insurance as their policies come up for renewal. Allstate Insurance Co. is cutting its optional earthquake coverage nationwide, and will drop this plan as policies come up for renewal, said Caitlin Gorand, spokeswoman …

ARK. UPDATES MILEAGE AND COMPENSATION RATES

The Arkansas Workers’ Compensation Commission recently updated mileage reimbursements for claimants and compensation rates for injured employees. The mileage reimbursement rate for claimants traveling to and from medical providers was raised, effective Sept. 1, 2006, to $0.39 per mile. The …

Premiums remain flat in second quarter except in hurricane-exposed regions, risk managers report

According to the Risk and Insurance Management Society Inc.’s Benchmark Survey, commercial insurance premiums were flat to slightly lower in the second quarter of this year compared to the prior year. The RIMS Benchmark Survey is a survey of current …

Marsh to accept contingent pay as MGA

In a departure from their $850 million agreement prohibiting all contingent payments, New York officials have agreed to let Marsh & McLennan Cos. Inc. (MMC) accept contingent commissions from an insurer for which Marsh is operating as a managing general …

Currents Archives by Month