Features

Tinker Your Way to Success

It took a long time but it had to happen. And it did. Finally, there are schools, summer camps and weekend experiences where kids learn how to tinker. This is far from what some call “futzing around” and others label …

President Declares 12 Texas Counties Major Disaster Areas

Twelve Texas counties that suffered severe flooding during heavy rainfall in late May have been declared major disaster areas by President Barack Obama, making them available for federal disaster assistance. The Associated Press reported that the president’s June 11 declaration …

Insurance Startup in California Eyeing Gig Economy Opens $2M Seed Round

Bunker Project Inc., a San Francisco, Calif.-based insurance technology startup, announced a $2 million seed funding round. The round was co-led by Comcast Ventures and Route 66 Ventures. Insurance carriers Hiscox and American Family Ventures also participated in the round. Bunker …

California Commissioner Lowers Workers’ Comp Advisory Rate

California Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.30 per $100 of payroll for workers’ compensation insurance. The change is effective July 1. This is a 10.5 percent reduction compared …

Opioid Prescriptions in Workers’ Compensation Cases Decline: WCRI Study

A new study by the Workers Compensation Research Institute (WCRI) found “noticeable decreases” in the amount of opioids prescribed per workers’ compensation claims in a majority of 25 states studied. The WCRI study, Interstate Variations in Use of Opioids, 3rd …

Insurer’s Hospital Claims Study Corroborates High Death Risk from Medical Errors

Death claims are the most common hospital liability claims, according to an insurance company study released after researchers at Johns Hopkins University School of Medicine reported that medical errors are the third leading cause of deaths in the United States. …

California Agent Pleads Guilty to Selling Bogus Bonds and Premium Theft

John Antonio Ruiz, 49, of Riverside, Calif., pleaded guilty earlier this month to 11 felony counts of grand theft after selling $334,972 in bogus surety bonds and stealing the client’s premium. His theft left a major retailer exposed to loss …

Texas Public Insurance Counsel: Deny Texas Homeowner Policy Arbitration Endorsement

A Texas insurance company has filed to offer an optional endorsement to its homeowners insurance policy that would require mandatory arbitration in claims disputes in exchange for a premium discount, and the head of the Office of the Texas Public …

Oklahoma Man Gets 18-Year Sentence for Insurance Fraud

An Oklahoma man has been sentenced to 18 years in prison for insurance fraud, the state attorney general’s office reported. LaTroy Staglin was sentenced after being convicted on nine felony counts of submitting a false insurance claim. According to the …

Map Shows Buildings That May Not Survive Quake in Oregon’s Largest City

Portland, Ore., officials have released a map and database showing about 1,800 unreinforced masonry buildings that may be vulnerable to shaking during an earthquake if they are not structurally retrofitted. These buildings were generally constructed before the 1960s using brick …

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