Canada’s Saskatchewan Workers’ Compensation Board (WCB) has decreased employer premium rates 6.6 percent for 2006. This reduces the average net premium rate 13 cents from $1.97 to $1.84 per $100 of payroll. Around 83 percent of the WCB’s nearly 34,000 …
Bermuda-based PartnerRe Ltd. reported a net loss of $33.6 million, or $0.76 per share, for the fourth quarter of 2005. This net loss includes net after-tax realized gains on investments of $37.0 million or $0.66 per share. Net income for …
The 2006 Wyoming legislative session opened Monday and will be a mixed-bag for the insurance industry, said the American Insurance Association (AIA), with legislation it expects to both support, such as uninsured motorist measures, and oppose, such as third party …
The Department of Homeland Security’s Federal Emergency Management Agency (FEMA) is encouraging building back stronger and safer after major disasters in communities nationwide. FEMA reported that FEMA-funded mitigation and public infrastructure recovery projects – including those in heavily impacted areas …
It was a year with more storms in the Atlantic than any other on record, and it was also the costliest hurricane season ever. Impact Forecasting, a wholly owned subsidiary of Aon Corporation, studies some of the possible reasons for …
Federal and state disaster officials in Mississippi provided the following summary of the ongoing assistance effort as of close of business Feb. 1, 2006. * Individuals and Households Program total payments disbursed: $1,064,040,211 . * Public Assistance obligated funds currently …
Washington Insurance Commissioner Mike Kreidler has negotiated an agreement with UnitedHealth Group to protect the interests of PacifiCare subscribers, providers and the Washington public. The agreement includes a $2.3 million contribution by UnitedHealth Group to Washington’s Health Services Account. The …
While property/casualty insurers share New York legislators’ concerns about the problem of identity theft, one industry trade group believes that so-called “credit freeze” legislation is an ineffective way to address the issue. Kristina Baldwin, regional manager for the Property Casualty …
To avoid the asbestos litigation crisis some states have experienced, South Carolina lawmakers have introduced legislation that will require plaintiffs to meet specific medical criteria in order to bring or pursue an asbestos- or silica-related lawsuit. Senate Bill 1038, the …
The Workers Compensation Board of Manitoba (WCB), Canada recently reported the latest funding recipients of its Community Initiatives and Research Program (CIRP). These 11 groups will conduct community or industry-based projects that focus on the prevention of workplace injuries, disability …