Monthly Archives: <span>May 2007</span>

Calif. Workers’ Comp Written Premium Down 23% in 2006

The Workers’ Compensation Insurance Rating Bureau of California has completed its report summarizing insurer loss and premium experience through Dec. 31, 2006. According to the report, California statewide written premium for 2006 was $16.5 billion. That figure is approximately $5 …

IPCC Delegates Hammer Out Climate Change Report in Thailand

International delegates struggled into the night Thursday to agree on ways of cutting destructive greenhouse gas emissions-or face economic and environmental catastrophe caused by global warming. China has emerged as a key voice in the debate this week at the …

Judge Dismisses Katrina-related Wrongful Death Lawsuit

A federal judge in New Orleans has dismissed claims against the government in a wrongful death lawsuit filed by the families of three people who died in the immediate aftermath of Hurricane Katrina. Ethel Mayo Freeman, 91, died in her …

LWCC Lauds Policyholder’s Dramatic Reduction in Loss Ratio

Louisiana Workers’ Compensation Corporation (LWCC) announced that one of its policyholders, Goodwill Industries of Southeastern Louisiana, has reduced its workers’ comp loss ratio from 232 percent to 14 percent over a seven-year period by implementing and enforcing a few vital …

Federal Disaster Declared for Texas Counties

President Bush issued a federal disaster declaration May 1 for three Texas counties hit hard by tornadoes and severe storms recently. Seven people died and as many as 200 families were left homeless in Maverick County on the Texas-Mexico border …

New Texas Disability Management Rules in Effect for Workers’ Comp

Disability management rules adopted by the Texas Department of Insurance, Division of Workers’ Compensation (Division) that became effective May 1, 2007, require non-network system participants to follow the Division’s treatment and return-to-work guidelines. The Division announced it is providing training …

Miss. Coastal Policyholders Included in Allstate Reduction Scenario

Allstate has clarified their reduction rate filing that will essentially offer nearly 60 percent of their 72,000 Mississippi policyholders significant premium reductions or savings. “Allstate and the Mississippi Insurance Department have worked together to clarify the filing and I am …

Safeco Names Heads of Corporate Communications, Online Strategy

Safeco Names Head of Corporate Communications; Leader of Online Strategy Seattle-based Safeco named David M. Monfried senior vice president of Corporate Communications. During the past year, Monfried has been a marketing and communications consultant for Safeco. Monfried most recently headed …

Ala.: Alfa Corporation Announces Increase in Quarterly Cash Dividend

From Montgomery, Ala., Alfa Corp.announced that its Board of Directors voted to increase the regular quarterly cash dividend to $0.1175 per share. The May 3 announcement represents the 33rd consecutive year in which cash dividends have increased. The dividend is …

Neb. Bill Extends Some Protection to Cities, Counties from Lawsuits

An agreement with Sen. Ernie Chambers this week paved the way for a bill that could open parks that closed following a Neb. state Supreme Court decision. Senators gave second-round approval to the bill (LB564), which would extend some protection …