U.S. Senate panel weighs funding for weather satellites Cuts to planned weather and environmental satellites will significantly affect scientists’ ability to study the Earth’s climate, experts told a U.S. Senate committee recently. The Commerce, Science and Transportation Committee also heard …
Oregon fines nine AIG companies $5 million The Oregon Department of Consumer and Business Services (DCBS) has imposed a $5 million fine on nine insurers in the American International Group (AIG) for numerous violations of Oregon insurance and workers’ compensation …
Hawaii governor vetoes workers’ comp bills The Hawaii Legislature has failed to override Gov. Linda Lingle’s vetoes of two workers’ compensation bills. A two-thirds majority vote was required in both the House and Senate to override the vetoes. Both bills …
Tahoe Fire losses could reach $150 million, victims may be underinsured Insured loss estimates for the Angora Fire that burned south Lake Tahoe have been upped to $100 million to $150 million, according to Risk Management Solutions, a Newark, Calif.-based …
Drinking buddies not liable as social hosts, Mass. court rules The Massachusetts Appeals Court has ruled that friends who meet regularly after work for drinks cannot be held liable for injuries caused when one of the members of their group …
Fireman’s Fund launches Bay Area wildfire readiness program To kick off Fireman’s Fund wildfire readiness program, firefighters from the Marin County, Calif., Fire Department ignited a controlled fire on the hillside and let it burn to a replicated defensible space …
Massachusetts insurance agents aren’t happy about the decision to introduce competitive rating into the state’s price-regulated private passenger auto insurance system. They enjoy the best market share in the country under the current system and don’t want to see that …
Bermuda shorted as more U.S. captives form onshore, Aon reports Bermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward onshore domiciles for their captive insurance companies. That is …
Ohio Gov. changes security procedure after workers’ data stolen A 22-year-old intern was given the responsibility of safeguarding the personal information of thousands of state employees in Ohio, a security procedure that ended up backfiring. The names and Social Security …
Gov. Riley halts hike in Alabama auto liability limits Alabama Gov. Bob Riley decided to veto legislation that would have raised the minimum liability insurance limits that motorists must buy because he was concerned the legislation didn’t give policyholders time …
