Insurance Journal - In an action aimed to underscore its support for increasing levels of professionalism throughout the property and casualty insurance industry, the CPCU (Chartered Property Casualty Underwriters) Society is opening its registration for its next Annual Meeting and Seminars to non-members.
Wednesday, November 05, 2008
National Association of Mutual Insurance Companies (NAMIC) - New advances in predictive modeling will play an increasingly important role in the property/casualty insurance business in the next decade, panelists told attendees at the Casualty Actuarial Society Predictive Modeling Seminar. Opening the seminarís plenary session, moderator Jim Guszcza, the national predictive modeling lead for Deloitte Consulting LLP, said there is increasing awareness of the benefits that predictive modeling can bring to all industries, including insurance.
Wednesday, November 05, 2008
Risk & Insurance - The Michigan Occupational Safety and Health Administration issued a draft ergonomics standard that would require employers in the state to take steps to address work-related musculoskeletal disorders. The proposed guidelines were finally released after years of legislative wrangling and protests by manufacturers and business groups that oppose the regulations.
Tuesday, November 04, 2008
Insurance Journal - The California Division of Workers’ Compensation announced that the maximum temporary total disability (TTD) rate will increase to $958.01 on Jan. 1, 2009. The increase to the maximum TTD rate marks the third year in a row that the TTD rate will be affected by a change in the state average weekly wage (SAWW).
Tuesday, November 04, 2008
Insurance Journal - California Gov. Arnold Schwarzenegger has approved legislation affecting indemnity for construction defect claims in contracts in residential construction ó a decision that could increase litigation when resolving construction defect claims and could increase the defense limits needed in wrap-up policies.
Wednesday, October 29, 2008 - The Division of Workers’ Compensation (DWC) has posted a revision of the forms used to file documents in the Electronic Adjudication Management System (EAMS) on its Web site. The revised optical character recognition (OCR) forms are posted at and should be used beginning Oct. 23.
Monday, October 27, 2008
Insurance Journal - The Florida Supreme Court announced its final ruling in Murray v. Mariners Health/ACE USA, reinstating hourly attorneys’ fees in workers compensation cases. In response to the announcement, William Stander, assistant vice president and regional manager of the Property Casualty Insurers Association of America referenced SB 50A passed during the 2003 Florida Legislative Session.
Friday, October 24, 2008
Property Casualty Insurers Association (PCI) - Representatives from the Property Casualty Insurers Association of America (PCI) joined other international trade associations last week in Budapest, Hungary to discuss financial developments affecting the international insurance industry and urged insurance regulators to increase their focus on risk-based regulation, enhance cooperation, and avoid over-regulation in reaction to the global financial sector crisis.
Thursday, October 23, 2008
National Association of Mutual Insurance Companies (NAMIC) - Following two straight years of reporting declines in the number of new lawsuits and regulatory proceedings, including a drop in large-dollar cases, U.S. companies now anticipate an uptick in new actions and government probes as well as the need to hire more in-house litigation staff to help manage the expected rise in disputes.
Wednesday, October 22, 2008
Insurance Journal - New Jersey Governor Jon Corzine has signed a package of five bills lawmakers hope fill strengthen the state’s workers’ compensation system to better protect workers injured on the job. The package of bills represents a multilevel reform of the Garden State’s workers’ comp insurance system, which in 2007 had nearly 200,000 work-related accidents.
Friday, October 10, 2008
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