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

News Currents

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 …

Business Moves

Edgewood Partners, Calco Insurance Edgewood Partners Insurance Center, a California retail property and casualty and benefits insurance brokerage firm announced an agreement in principle has been reached with Calco Holdings Inc. to acquire Calco Insurance Brokers and Agents Inc. to …

Despite firefighting prowess, the Russians aren’t coming

While the Southeast’s largest wildfire in more than a century was still smoldering in Georgia after burning 903 square miles, a fresh conflagration reared its ugly head in California, and an American pilot from Virginia — employed by the Russian …

Agency must pay $5.8 million to SoCal firm

An insurance agency must pay $5.8 million to a small business that discovered it lacked workers’ compensation coverage after a burned employee sued. An agent for Hilb, Rogal and Hamilton Insurance Services improperly failed to tell the company that it …

Teen drivers talk, text too much while on the road

An alarming number of teen drivers are engaging in risky behavior, including sending and reading text messages, and talking on their cell phones while driving, according to research by AAA and Seventeen magazine. The AAA/Seventeen survey of 1,000 16- and …

Fraud Roundup

Five contractors arrested in Lake Tahoe California Insurance Commissioner Steve Poizner announced the results of the first undercover operation stemming from the Angora Fire in South Lake Tahoe. The operation took place at a residence in the disaster area that …

Calif. workers’ comp earthquake losses could exceed $150 million annually

California workers’ compensation insurers will need $180 million annually to pay for workers’ compensation losses induced by earthquakes, according to a recently released study by the Workers’ Compensation Insurance Rating Bureau of California. The report, which was conducted by risk …

Declarations

Declarations Claims capacity “I don’t see the CEA being a healthy organization without the industry being enthusiastic about wanting to be a part of the CEA and selling the product aggressively. Let me just remind everybody, we’re talking about 25 …

$660 million will settle church abuse case

Negotiations have produced a landmark $660 million settlement between the Roman Catholic Archdiocese of Los Angeles and more than 500 alleged victims of clergy abuse has concluded, with insurers will be picking up a large part of that tab. Attorneys …

News Currents

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 …