July 3, 2006
California workers may soon be able to file for workers’ compensation if they become injured due to high heat. The California Occupational Safety and Health Standards Board has adopted a permanent heat stress regulation, which protects all California employees working …
July 3, 2006
Pay increases for most salaried workers will average only 3.5 percent this year and stay at that level through 2007, The Conference Board reports. Pay increases in insurance were slightly higher than projected; diversified service was slightly lower. For the …
July 3, 2006
California is considering legislation that would require insurers to report California community-related investments to the insurance commissioner every two years. AB 925, authored by Assemblyman Mark Ridley-Thomas, D, and sponsored by California Insurance Commissioner John Garamendi, recently passed in the …
July 3, 2006
Hempkins named president for 2006-2007; Sanford honored with Drex Foreman Award Robert W. Hempkins, founding principal of Hempkins Insurance, Denison, was sworn in as president for 2006-2007 of the Independent Insurance Agents of Texas at the association’s 109th Annual Conference …
July 3, 2006
The Court of Appeals of Oregon has decided that an insurance company’s indemnity obligation to its policyholders is joint and several, not pro-rata, in environmental liability insurance coverage case. In Cacade Corp. v. American Home Assurance Co., the Appeals Court …
July 3, 2006
The cars, still streaked with mud from the floodwaters that covered them, many with broken windows, sprung doors and missing hoods, have mostly been removed from New Orleans streets. Now they will be removed from under the overpasses and empty …
July 3, 2006
Congress opened debate on the insurance industry’s exemption from federal antitrust laws, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory reform that would free them from state regulation. Yet the industry’s biggest rating …
July 3, 2006
Watchdog agency finds around $1 billion was handed out improperly A report released June 14 by the U.S. Government Accountability Office (GAO) assesing the Federal Emergency Management Agency’s handling of its disaster aid process in the wake of Hurricanes Katrina …
July 3, 2006
California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, while 15 percent will see …
July 3, 2006
Under an agreement signed with the state of Texas, 27 other states and the District of Columbia, Chevron Products Co. will take a leading role in preventing the sale of tobacco to minors, according to the Texas Attorney General’s office. …