Monthly Archives: <span>July 2012</span>

Academy of Insurance Third Quarter Schedule (2012)

July 11 Work Comp Retrospective Rating Plans Frank Pennachio, co-founder, The WorkComp Advisory Group July 12 Property Valuation Chris Amrhein, president, Amrhein & Associates and Insurance is Fun July 18 Managing Workers’ Compensation Injuries Stacey Cheese, director of workers’ comp, …

A Year Later: The Growth and Outlook of the LexisNexis Insurance Exchange

The LexisNexis Insurance Exchange — an online single-entry submission system that streamlines the flow of application data among agents, brokers and carriers — celebrated its first anniversary in June. The Exchange, conceived by the Council of Insurance Agents and Brokers …

Declarations – Midwest

Something Special “Maybe we’ve done something special here. … Even in the middle of an election year, we can get something done.” —Kansas Senator Pat Roberts, a Republican, comments on Senate passage of new U.S. farm legislation that would cut …

R.I. Proposes 6.75% Assessment for WC Insurers

The R.I. Department of Labor and Training proposed last month an assessment rate for workers’ comp insurers of 6.75 percent for the coming year, effective July 15, 2012. This rate has remained level every year since 2008. Director Charles Fogarty …

Health Insurers to Pay $62M in Rebates in Illinois

The Obama administration announced that 300,000 Illinoisans will benefit from nearly $62 million in rebates from insurance companies because of the federal health law that critics have labeled “Obamacare.” The law requires insurance companies to spend at least 80 percent …

Tennessee Court Rules on Workers’ Statute of Limitations

A worker who witnessed the deaths of two co-workers but did not file a post-traumatic stress disorder claim until more than a year after the second death is still entitled to workers’ compensation benefits, the Tennessee Supreme Court has ruled. …

Southern Cal. Jurors Award $4.5M After Teacher Molest

San Diego County, Calif. jurors have awarded two girls $4.5 million because they were molested by their Carlsbad elementary school teacher. The North County Times says jurors also ruled unanimously that the Carlsbad Unified School District was negligent for failing …

Declarations – Southeast

Tech-Driven “The long-term trajectory for these technologies is the vehicle that drives itself — the driverless car.” —Rob Strassburger, Alliance of Automobile Manufacturers Pro-Mandate “You have to get every risk in the pool – the healthy risks and the less …