Catastrophe modeling firms EQECAT and AIR Worldwide have indicated that losses from Typhoon Fitow, which came ashore on Friday, Sept. 7 in Japan’s Shizuoka prefecture, would not exceed $1 billion The storm, rated category one with winds of 88 mph, …
Hurricane expert William Gray downgraded his 2007 Atlantic storms forecast slightly, but he still predicted above-average activity for the rest of the season, with five more hurricanes, two of them major. As Hurricane Felix lashed the coast of Honduras, forecaster …
Washington’s Department of Labor and Industries has proposed raising workers’ compensation rates 3.2 percent in 2008, with the average premium increasing by just more than 2 cents per hour worked. L&I indicated the rate increase would help to keep pace …
Every state has some form of graduated driver’s licensing. It typically restricts nighttime driving and bans teen passengers until drivers rack up hours of driving experience. But Michigan Secretary of State Terri Lynn Land said the state can do a …
A Rapid City, S.D. man who suffered three back injuries while working for the Rapid City School District is entitled to workers’ compensation benefits as a totally and permanently disabled worker, the South Dakota Supreme Court recently ruled.. The high …
Technology and financial services firms won a key patent reform victory Friday when the House approved legislation the industries have pushed for years by a vote of 220-175. The Coalition for Patent Fairness and the Business Software Alliance, whose members …
In a long-anticipated ruling, the Texas Supreme Court on Aug. 31, 2007, drew several conclusions concerning what constitutes an occurrence and/or property damage under the general liability policy with regard to claims of defective construction. In its consideration of Lamar …
New Jersey’s Supreme Court has rejected a class-action lawsuit against Merck & Co. over its withdrawn painkiller Vioxx. The ruling is a huge legal victory for the drugmaker, which faces nearly 27,000 individual lawsuits from people claiming Vioxx harmed them. …
San Francisco-based Woodruff-Sawyer & Co. will be expanding its senior leadership team in 2008. Effective Jan. 1, 2008, the company will appoint Charlie Rosson as its CEO and Mary Sklarski as its chief operating officer. In conjunction with these key …
Farmers Insurance refunded $1.4 million to thousands of California homeowners and agreed to pay $2 million in penalties to settle complaints the company overcharged policyholders, officials said. The settlement came after a California Department of Insurance investigation found the insurer …