Monthly Archives: <span>April 2013</span>

Report: 1 in 5 California Citizens Lives in Flood Zone

California is suffering from one of its driest winters on record, but some statewide water managers are focusing on the opposite end of the precipitation spectrum – the one-in-five residents who live in regions prone to catastrophic flooding. A joint …

Court: California City May Proceed With Bankruptcy

A U.S. federal judge in April approved the city of Stockton’s petition for bankruptcy in a case that sets the stage for a lengthy battle between bondholders and the California pension system. In a case being studied by other cash-strapped …

New Mexico Governor Signs Space Travel Liability Bill

New Mexico Gov. Susana Martinez has signed into law liability-waiving legislation aimed at saving the state’s nearly quarter-billion-dollar investment in a spaceport and retaining anchor tenant British billionaire Richard Branson’s Virgin Galactic. The law exempts spacecraft parts suppliers from liability …

People – West

Jessica Word has been named president of Word & Brown General Agency. The appointment is effective immediately. Word has been serving as the company’s executive vice president of operations since 2007. Word has been with The Word & Brown Cos. …

Declarations – South Central

Eyes on the Road “Distracted driving can cause a lot of accidents.” —Louisiana State Sen. Dale Erdey, R-Livingston, who sponsored Senate Bill 147, which was approved by the Senate transportation committee. It would add accessing, reading and posting to social …

Travelers Settles with Louisiana Policyholders over Katrina/Rita Damage

Travelers Insurance announced a settlement with policyholders in Louisiana over property damage caused by Hurricanes Katrina and Rita. The Hurricane Katrina-Travelers Settlement Administrator said the proposed settlement has been preliminarily approved in a class action lawsuit, Arthur v. The Standard …

Texas Mutual: 3rd Provider Sentenced

Three family members from Denton, Texas, have been sentenced on workers’ compensation fraud-related charges. Texas Mutual Insurance Co. reported that in mid-April Michael T. Douglas pleaded guilty to charges of perjury in a workers’ comp fraud case. He was sentenced …

Oklahoma Man Pleads Guilty to Pocketing Agent Commissions

ABixby, Okla., man has pleaded guilty to taking commissions earned by insurance agents working for his firm, according to the Oklahoma Insurance Department. The OID said Christopher Bland, with Business Consulants of South Tulsa, admitted to a scheme to defraud …

Oklahoma Workers’ Comp Overhaul Advances in House

By a party-line vote, an Oklahoma House committee approved the latest version of a plan to overhaul the state’s workers’ compensation system. The House Judiciary Committee cleared the bill 11-4 on April 9 after two weeks of delay as Republicans …

People – South Central

Texas Mutual Insurance Co. announced that Joe Yurkovich has accepted the position of senior vice president of strategic planning. He returns to Texas Mutual after serving as region president for the Southern Region at SeaBright Insurance Co. Prior to Sea …