Economy News

Fraud Roundup

State Patrol veteran hired for anti-fraud unit Washington Insurance Commissioner Mike Kreidler has appointed a veteran of the State Patrol to manage the agency’s newly authorized insurance anti-fraud program. Capt. Robert Veliz of Yakima, a 26-year veteran of the State …

Declarations

Easy attack “For the life of me, I cannot understand why the terrorists have not attacked our food supply, because it is so easy to do.” —Dr. Jerry R. Gillespie, director of the Western Institute for Food Safety and Security, …

News Currents

Employers are paying more attention to worker and workplace safety, which is helping states like Hawaii and Wyoming to reduce its workers’ compensation rates. Hawaii, Washington, Wyoming bringing down workers’ comp rates Hawaii, Washington and Wyoming proposed lowering workers’ compensation …

News Currents

California associations, businesses oppose punitive damages bill The American Insurance Association (AIA), Civil Justice Association of California (CJAC), California Chamber of Commerce (CCC) and Association of California Insurance Companies (ACIC) have joined forces to oppose Senate Bill 832, which would …

California AG Sues Automakers for Global Warming Damages

California Attorney General Bill Lockyer has filed a lawsuit against leading U.S. and Japanese auto manufacturers, alleging their vehicles’ emissions have contributed significantly to global warming, harmed the resources, infrastructure and environmental health of California, and cost the state millions …

Calif. Governor Schwarzenegger Vetoes Workers’ Comp BIll

Gov. Arnold Schwarzenegger has vetoed two bills that he said would have undermined the bipartisan workers’ compensation reforms passed by the legislature in 2004. “When I ran for office, skyrocketing workers’ compensation costs were the poison of our economy,” he …

Courthouse Fire in W. Va. Reveals Insurance Gap

The fire that destroyed the Morgan County, W. Va., courthouse last month has prompted lawmakers to question whether other counties are insuring such buildings adequately. Only 24 of 55 counties insure their courthouses through a program run by the state …

L&I Director Resigns to Head Washington Health Care Association

Gary Weeks, director of the Washington State Department of Labor and Industries (L&I), announced he is resigning to become executive director of the Washington Health Care Association. Weeks’ last day at L&I will be Oct. 13. L&I manages the state …

California Governor Signs Bill to Increase Minimum Wage

California Gov. Arnold Schwarzenegger signed AB 1835 by Assemblymember Sally Lieber, D-Mountain View, that will raise the minimum wage to $8 an hour by Jan. 1, 2008, which is greater than any other state. “Raising the minimum wage is something …

Singapore PM Urges Lloyd’s to Expand Asian Links

Lloyd’s Chairman Lord Levene welcomed His Excellency Lee Hsien Loong, Prime Minister of Singapore, and a host of senior executives from across the insurance market, government and business at a dinner held in the Merchant Taylors’ Hall in London on …