Monthly Archives: <span>April 2007</span>

Study: Obese Workers Drive Up Workers Compensation Costs

Gaining too much weight can be as bad for an employer’s bottom line as it is for a person’s waistline. A Duke University Medical Center analysis found that obese workers filed twice the number of workers’ compensation claims, had seven …

Commentary: 1Q Insurance Earnings So Far: What’s Working; What’s Not

Thus far, maybe 15 percent of the insurance industry has reported earnings. Insurance is different from other industries because of the accounting complexity involved. That complexity is necessary, because insurance is one of the few industries where one does not …

Recent Texas Freeze Damaged Grape, Pecan Crops

Farmers still recovering from the devastating drought conditions of 2006 are now sizing up their losses from the latest weather calamity to hit Texas: freezing temperatures. The Easter weekend freeze damaged numerous crops, including an estimated 75 percent of this …

Las Vegas Area Tops National List for Stolen Cars

The Las Vegas area has stolen the top spot on the list of auto thefts around the nation, followed by other areas in the Western United States. According to the National Insurance Crime Bureau, 22,441 vehicles were stolen in Clark …

Western Security Surplus Adds New Personal Lines Program

Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. (WSS) has added a new personal lines program for California brokers. The program is written on a non-admitted basis. Both homeowner and dwelling fire risks can be written with up to $5 …

Survey: California Susceptible to Class Action Lawsuits

California’s class action law ranks 46th in the nation in fairness and reasonableness, according to an annual national ranking of state civil justice systems. The rankings were released today by the U.S. Chamber of Commerce’s Institute for Legal Reform. “Simply …

E.L.M. Insurance Brokers Enters Commercial Casualty Market

E.L.M. Insurance Brokers based in El Segundo, Calif., has formed a new commercial package division to be managed by Clancy Johannsen. Johannsen has been with the company for the past six years, five of which have been as a broker. …

Watson Appointed Program Manager for Sacramento Group Program

Brian Watson has been promoted to program manager for the California State Compensation Insurance Fund’s Sacramento Group Program. Watson will be responsible for two of State Fund’s largest clients – the California Farm Bureau Federation and Golden State Builders Exchanges. …

Travelers Launches New Products for Mid-Sized Commercial Printers

Travelers Commercial Accounts introduced a suite of coverages designed for mid-sized commercial printers who typically generate more than $15 million in sales. The new product is the latest addition to IndustryEdge, Travelers industry-focused suite of products sold within Commercial Accounts. …

Iowa Bill Would Lift Insurance Caps on Prosthetics

Brent Soderstrum, who lost his leg in a car accident about seven years ago, is backing a bill that would bar insurance caps on prosthetics. The Des Moines attorney found out about 1 1/2 years ago that his insurance company …