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

N.Y. City to Adjust Reservoirs to Lessen Delaware River Flooding

New York City has agreed to periodically lower the water level in three of its upstate reservoirs in an attempt to ease flooding along the Delaware River, according to environmental officials. By leaving the reservoirs below capacity during wet weather, …

Fla. to Hear Industry’s Bid to Cut Workers Comp Rates 13%

The National Council on Compensation Insurance filed a proposed 13.3 percent decrease in Florida workers compensation rates that will face a public hearing next month in Tallahassee. According to the Florida Office of Insurance Regulation, the proposed average statewide rate …

Insurers Reject Notion of TRIA Renewal for Nuclear-Biological Terrorism Risk Only

A new federal government report concludes that a totally private market solution to insuring against certain terrorist attacks is unlikely in the near future. The report covers the risk of nuclear, biological, chemical or radiological (NBCR) attacks only and does …

Mich. A.G. Fights to Protect Great Lakes

Michigan Attorney General Mike Cox recently announced that the Environmental Protection Agency (EPA) has been ordered by the United States District Court, Northern District of California, to regulate ballast water discharges within two years. Cox, along with five other Attorneys …

Hawaii Web Site To Educate Homeowners on Hurricane Retrofits

Hawaii’s Department of Commerce and Consumer Affairs’ Insurance Division has created a new website: www.hurricaneretrofits.hawaii.gov, which details the State’s Loss Mitigation Grant Program for Hawaii homeowners. Hawaii homeowners who install hurricane retrofits in accordance with the grant program guidelines may …

Fla.’s Citizens Property Insurance President Ricker Resigns

Citizens Property Insurance Corp. announced the resignation of President and Executive Director Robert L. Ricker effective November 1, 2006. Ricker led Citizens for the past three years and tendered his voluntary resignation at a Tuesday morning meeting of the Citizens …

E. coli Outbreak Now in 25 States

Spinach grown outside California’s Salinas Valley got the all-clear from U.S. health officials, but it could be days before the leafy green returns to store shelves. An ongoing outbreak of E. coli linked to spinach has sickened 166 people in …

Travelers Offers Texas Hybrid Drivers 10% Discount on Auto Coverage

Texas hybrid car owners can now take advantage of a 10 percent discount on auto insurance offered by Travelers, the company announced. The discount complements other Texas perks for hybrid drivers. The company clarified that a discount of up to …

Texas Reports Workers’ Comp State Average Weekly Wage for FY 2007

The Texas Department of Insurance Division of Workers’ Compensation reported that the workers’ compensation state average weekly wage for Fiscal Year 2007 is set at $673.80 and is effective for dates of injury from Oct. 1, 2006, through Sept. 30, …

S&P’s Ratings of USI Holdings Unchanged Following Borrowing

Standard & Poor’s Ratings Services said that its ratings on USI Holdings Corp. (BB-/Negative/–) were not affected by the company’s plans to raise $100 million under the accordion feature its existing credit facility. The company intends to use the proceeds …