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

New “kid” in town, Gaddis Co. Opens Michigan Wholesale Office.

Donald Gaddis Co., Inc. Wholesale Excess and Surplus Lines Brokers Serving Retail Agents Since 1982 Donald Gaddis Co. is thrilled to announce that Jay Dillon has joined us to open our new Michigan office. The only thing “kid-like” about Jay …

Lawsuit Claims Insurer, Puyallup Denied Firefighter’s Benefits, Caused Death

The family of a Puyallup, Wash., firefighter has filed a lawsuit claiming the city of Puyallup and its insurer illegally denied health benefits after the worker contracted a disease on the job that ultimately led to his death. David Potter, …

Calif. Court Rules Employer Not Responsible for All Permanent Disability

The California Supreme Court has rejected an appeal of an injured electrician, affirming a lower court’s ruling that an employer is not responsible for permanent disability it did not cause. The case, Larry Gossett vs. WCAB and Morrow-Meadows Corp., questioned …

Washington L&I Announces Workers’ Comp Rate Holiday

Washington’s Department of Labor and Industries has announced that beginning July 1, and over the next six months, employers and workers in the state will save an estimated $315 million in workers’ compensation premiums thanks to a partial rate holiday. …

Sims Named Claims Manager for Calif. State Fund

Karen Sims has been promoted to claims manager for the California State Compensation Insurance Fund’s Fresno Claims Processing Center. Sims was hired as an office assistant in the organization’s Fresno District Office in 1988. She followed this with a promotion …

State Senate Approves Minor Changes to Louisiana’s Building Code

The Louisiana Senate has approved minor changes to the statewide building codes that were enacted soon after hurricanes Katrina and Rita, an attempt to ease complaints about how the codes are enforced. Under current law, construction of a new home …

Ratings Roundup: ProAssurance

Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on ProAssurance Corp.’s operating companies: Medical Assurance Co., ProNational Insurance Co., and NCRIC Group Inc. (collectively, ProAssurance). S&P also affirmed its ‘BBB-‘ counterparty credit rating …

Ratings Recap: Sompo; Montpelier Re

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit rating (ICR) of “aa-” of Sompo Japan Insurance Inc. The outlook for the FSR is stable, and the outlook for the ICR has …

China: Rich Nations Wrong to Criticize its CO2 Emissions While Buying its Products

It is hypocritical for developed countries to criticize China’s greenhouse gas emissions while simultaneously buying products from its booming manufacturing sector, Beijing said Thursday, defending its environmental record after a report said it had become the world’s top carbon dioxide …

Ill. Dentist, Clinic to Pay Combined $1.1 Million in Lawsuit Settlement

The family of a Glen Ellyn, Ill. man who died at a dentist’s office has settled a lawsuit against the dentist and clinic for a combined $1.135 million. Robert Pauly, 73, died in the dental chair at Glen Ellyn Family …