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

Insurers’ Income, Surplus Rise Despite Record Catastrophe Losses

The U.S. property/casualty insurance industry’s net income after taxes rose 4.4 percent, or $1.2 billion, to $28.8 billion in nine-months 2005 from $27.6 billion in nine-months 2004. Reflecting the industry’s income, its consolidated surplus, or statutory net worth, increased 5.2 …

Ala. Residents Reminded of More Time Left for Katrina Disaster Assistance

Disaster officials are urging residents of Alabama’s 11 disaster-declared counties and evacuees to take advantage of the 60 additional days they’ve been given to register for federal and state financial assistance in recovering from losses caused by Hurricane Katrina. The …

As Tax Season Approaches, Accountants Reminded of Liability Risks

As they head into tax season, accountants are being reminded that well over half of claims against accountants come from client tax work. Findings from a claims study conducted by CAMICO Mutual Insurance Company, which specializes in professional liability coverage …

OSHA, Safety Council of Northwest Ohio Partner on Safety Awareness

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) and the Safety Council of Northwest Ohio (SCNWO) have signed an alliance to provide safety and health information to employers and employees and share best practices to prevent exposure …

Wash. Commissioner Wants to Investigate Staged Accidents

Washington State Insurance Commissioner Mike Kreidler wants to create a new fraud unit to investigate staged traffic accidents. These can involve a network of lawyers, doctors, chiropractors and physical therapists. Kreidler says he’ll request about $2 million in funding from …

Texas DWC Seeks Public Comment on Proposed Return-to-Work Rules

The Texas Department of Insurance Division of Workers’ Compensation is accepting public comment on proposed rules. All proposed rules may be viewed on the TDI Web site and public comment on proposed rules can be submitted to the Division in …

South Miss. Residents Happy to Learn of $29B for Katrina Relief

Residents of south Mississippi expressed joy upon learning that Congress is providing $29 billion in aid for Hurricane Katrina relief. The package includes $11.5 billion to assist homeowners, with grants capped at $150,000 for owner-occupied homes. The state will deduct …

President Declares Major Disaster for South Dakota After November Storm

The head of the U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) reported that federal disaster aid has been made available for South Dakota to supplement state and local recovery efforts in the area struck by a severe …

Guy Carpenter Unveils 2005 Central, Eastern Europe Flood Report

Guy Carpenter & Company Ltd. reported the release of European Flood Report 2005 – Central and Eastern Europe, a detailed summary and review of 2005 Central and Eastern European flood activity. The report, available in both English and German, also …

Vermont Gov. Douglas Seeks Nominees for Workplace Safety Award

Vermont Gov. James Douglas and the Vermont Department of Labor annually recognize employers that have made outstanding achievements in workplace safety and health. The first annual Governor’s Workplace Safety Award was given out last March. The award in the category …