Monthly Archives: <span>April 2006</span>

Ohio Grants Job Tax Credit to Progressive Insurance for Expansion

Ohio Governor Bob Taft announced that the Ohio Tax Credit Authority has approved job creation tax credits for 10 companies involved in business location or expansion projects that, if located in Ohio, are expected to create 811 jobs and retain …

California State Fund Offers Restaurant-Safety Training Program

California’s State Compensation Insurance Fund will sponsor a free restaurant-safety training program at its Oxnard office on April 27. The workshop is designed to help restaurant supervisors and owners create a comprehensive safety-training program and comply with state and federal …

State National Adds Surplus Lines Company

State National Companies announced the formation of a new affiliate, United Specialty Insurance Company (USIC). The company will exclusively service the surplus lines market. The company began operation in March following admission to the state of Delaware. United Specialty said …

Australian Manufacturer CSR , Insurers Agree to Asbestos Settlement

CSR Limited, a large Australian building products manufacturer, has reached a settlement of asbestos litigation with a group of 48 Australian, United Kingdom and European insurers. Under the terms of the settlement each of the settling insurers is obliged to …

Canada’s Suncor Energy Settles Business Interruption Insurance Claim

Suncor Energy Inc. reports that it has settled business interruption insurance claims related to a January 2005 fire at the company’s oil sands facilities. The total amount of the BI settlement is approximately $980 million (US$830) of which approximately $385 …

N.Y. City Targets Medical Mills; Insurer Group Encourages Action

The New York City Council is looking for ways to shut down certain fraudulent medical clinics that critics say take advantage of the state’s no fault insurance system and drive up auto insurance rates. One prominent critic, the Property Casualty …

U.S. Commercial Brokers Reiterate Call for Terrorism Backstop

The commercial insurance marketplace cannot effectively price and underwrite terrorism coverage because there still is no effective modeling, so any long-term solution to the terrorism risk coverage must involve the federal government, in the opinion of U.S. commercial insurance brokers. …

California State Fund Offers Aging and Ergonomics Seminar in Santa Ana

In the next four years, the number of workers 55 years or older will increase 32 percent. To help employers understand and respond to that trend, California State Compensation Insurance Fund’s Santa Ana district office has scheduled a free seminar, …

Okla. Tax Credit for Homeowners Passes Senate

A bill authored by Senator Susan Paddack, an Ada Democrat, that will give Oklahoma families a tax credit for rebuilding their homes that were destroyed or damaged by the recent wildfires won the approval of the full Senate today. HB …

Fla. Consumer Services: Poe Officials Vow to Reduce Complaints

Florida’s Consumer Services representatives held a meeting April 21 with officials of the Tampa, Fla.-based Poe Insurance Group to discuss how to reduce the number of consumer complaints about the firm and its subsidiaries, Atlantic Preferred Insurance Company, Southern Family …