Monthly Archives: <span>May 2005</span>

Wash. Gov. Signs Bill Aimed at Preventing Loads from Falling on Highways

Washington Gov. Christine Gregoire recently signed a bill aimed at preventing loads from falling on highways. Substitute House Bill 1478 makes it a crime to fail to tie down or otherwise secure a vehicle’s cargo if the failure causes personal …

Independent Banks Partner to Save on Calif. Workers’ Comp Costs

Facing ever-increasing workers’ compensation costs, a group of California banks received approval from the FDIC and filed an application with the State of California to form a self-insurance group (SIG) and is inviting other banks from throughout the state to …

New Permanent Disability Regulations to Reduce Workers’ Comp Rates

New permanent disability regulations will reduce the cost of workers’ compensation insurance pure premium rates by anywhere from three to 12 percent, said California Insurance Commissioner John Garamendi in a conference call to the media. Garamendi heard testimony given by …

Global Industry Endorsements Return for NACE 2005

The five industry organizations that endorsed NACE 2004 have returned to endorse the 2005 International Autobody Congress & Exposition (NACE). Their endorsement once again entitles their members to a discount on the NACE Congress Package registration fee. The endorsers of …

EQECAT: Move to Seasonal Deductibles Does Not Create Uniform Gain in AAL

Contrary to views held by some, a review by EQECAT Inc., a provider in extreme risk modeling, reportedly shows that the relative increase in Average Annual Loss (AAL) by moving to seasonal deductibles from occurrence deductibles is not uniform in …

Saskatchewan WCR Notes Injury Rate Down, Operating Surplus for 2004

Canada’s Saskatchewan Workers’ Compensation Board (WCB) reported a drop in the provincial workplace injury rate and improved financial performance in its 2004 annual report tabled recently in the Legislature. Report statistics show the province’s injury rate has declined 11.1 per …

Regional Heavy Equipment Theft Summits Set

The first in a series of regional heavy equipment theft summits will take place at the Mississippi Agriculture and Forestry Museum in Jackson, Mississippi on Tuesday June 21. The summit will be hosted by the Hinds County Sheriff and the …

OSHA Cites Ill. Company Following Amputations Resulting from Unguarded Machinery

A St. Charles, Illinois, aluminum die casting foundry’s reported failure to prevent amputations by guarding dangerous machinery, among other workplace hazards, has resulted in citations for repeat, willful and serious violations of federal workplace safety and health standards, and a …

Allstate Floridian Scaling Back on Risk; Applies to Drop 95,000 Homeowners

Allstate Floridian, the state’s third-largest provider of homeowners insurance has applied to the Florida Office of Insurance Regulation in Tallahassee to scale back its insurance risk in Florida by dropping 95,000 homeowner’s policies state-wide and totally eliminating its commercial coverage. …

N.J. Officials Offer Guidance to Reduce Damages from Future Disasters

Mitigation means taking action to reduce the risk of loss of life or property from a future hazardous event. There is no way to prevent natural disasters, but there are steps individuals and businesses can take to lessen damage and …