October 8, 2007
Oregon’s Department of Consumer and Business Services has announced it is decreasing the workers’ compensation pure premium rate in 2008 by 2.3 percent. Meanwhile, the workers’ comp premium assessment, which pays for the administration of workers’ comp and workplace safety …
October 8, 2007
Like other driving instructors across Maine, Dwight Hawkins has a new lesson to add to his course this fall: If you’re under 18 and behind the wheel, lose the cell phone. As of Sept. 20, a new Maine law will …
October 8, 2007
California’s State Compensa-tion Insurance Fund has terminated its relationship with Western Insurance Administrators and resumed its relationship with Shasta Builders’ Exchange. “I can confirm we don’t have a business relationship with Western Insurance Administrators any longer,” State Fund Spokeswoman Jennifer …
October 8, 2007
A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the FAIR Plan, according to the industry. Dr. Robert Hartwig, president …
October 8, 2007
South Carolina Gov. Mark Sanford was joined by business groups from across his state when he signed an executive order last month ordering that the Workers’ Compensation Commission apply objective standards when making workers’ compensation awards. The South Carolina Supreme …
October 8, 2007
Canada’s TD Bank Financial Group reported that it will acquire the Mid-Atlantic regional bank Commerce Bancorp Inc. in a 25 percent cash and 75 percent stock deal valued at $8.5 billion. If approved, the purchase would double TD Bank’s presence …
October 8, 2007
In a blunt assessment, Kentucky Gov. Ernie Fletcher told fellow doctors recently that chances of limiting pain-and-suffering damages in medical malpractice cases are bleak because of resistance from some state lawmakers. The governor expressed a willingness to compromise if he …
October 8, 2007
Dismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaint The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and a group of other brokers and insurers has now thrown …
October 8, 2007
The two men running for Mississippi insurance commissioner say encouraging competition is the key to reducing consumer’ costs as the state continues its recovery from Hurricane Katrina. But that’s about where the candidates’ similarities end. During a recent luncheon in …
October 8, 2007
Now 21 states require cigarettes to be self-extinguishing Cigarettes sold in 21 states will be self-extinguishing after a strikingly high 15 states passed new laws this year to combat smoking-related blazes, the No. 1 cause of home-fire deaths. “Fire-safe” cigarettes, …