Insurance Journal - As the fire season begins in the West insurance professionals who’ve been around for a while are calling this potentially one of the worst in recent memory. The season is shaping up to be “one of the most dangerous and active on record,” said Carole Walker, executive director of the Rocky Mountain Insurance Information Association. Aside from the Whitewater-Baldy Complex Fire in New Mexico’s Gila National Forest — the nation’s largest at 287,708 acres and the largest in the state’s recorded history — one of the West’s other big blazes is the High Park fire just over a dozen miles west of Fort Collins, Colo., which has grown to more than...
Wednesday, June 13, 2012
 
ktnv.com - One person was killed and another was injured in a construction accident near Lake Mead on Monday afternoon. The incident happened at about 4:30 p.m., 600 feet below ground at the Southern Nevada Water Authority Intake No. 3 project area. Crews were working on the assembly of a steel tunnel ring when one of the sections came loose under pressure, causing grout to fall onto workers, a spokesperson for the SNWA said. Initial information from the National Park Service stated that several workers were trapped in the tunnel and exposed to toxic gases, but the SNWA dispelled those reports.
Wednesday, June 13, 2012
 
Insurance Journal - Like the economy, the workers’ compensation market has suffered in recent years. Results for 2011 were no better than 2010. The good news: results for the workers’ comp market were not worse either. The combined ratio held steady at 115 for the workers’ comp line of business, according to the NCCI Holding Inc.’s “State of the Line” report published in May. That’s the same as in 2010. While stable, the reported combined ratio stands as the highest combined ratio for all major commercial lines for the third straight year.
Monday, June 11, 2012
 
Business Insurance - The cost of narcotic painkillers in workers compensation claims has grown in the past several years as more injured workers have received prescriptions for such medications, NCCI Holdings Inc. said in a study. The Boca Raton, Fla.-based rating and research agency said Tuesday that narcotics accounted for $35 of the average workers comp medical claim paid in 2009, the latest data available. That is up 14% from 2008. Despite the increase in costs, narcotics accounted for about 21% of total drug spending in workers comp for 2009, which NCCI said has remained mostly stable during the past decade.
Wednesday, June 06, 2012
 
Business Insurance - A May 20 earthquake followed by two May 29 aftershock quakes that struck Italy’s Emilia-Romagna region caused an estimated $375 million to $875 million in insured losses, catastrophe modeler EQECAT Inc. said Tuesday. “This loss estimate is particularly sensitive to uncertainty in estimates of exposed values and insurance penetration rates,” said Oakland, Calif.-based EQECAT in its analysis. EQECAT said its estimate was based on assumed insurance penetration rates of about 3% to 5% for commercial lines and less than 1% for residential.
Thursday, May 31, 2012
 
Insurance Journal - A major hail storm last month in Kentucky is estimated to have caused $175 million in insured losses and damages when balls of ice as large as baseballs battered cars and homes and knocked out power to thousands. The PSC unit of Verisk Analytics said the estimate of $175 million is only insured losses and the uninsured damage from the storm would likely add many millions of dollars to the total cost of the April 28 storm. Electricity was knocked out for an estimated 5,000 residences during the storm and baseball-sized hail was reported at the French Lick airport in Indiana, according to the National Weather Service.
Thursday, May 31, 2012
 
kstp.com - Five firefighters were injured during a fire at Walker Community United Methodist Church in Minneapolis. Officials say the injured firefighters were taken to Hennepin County Medical Center with burns and heat-related injuries. As of Monday morning, three of the firefighters have been released from the hospital, and two remain in the burn unit for non-life threatening injuries. Fire Chief John Fruetel and Minneapolis Mayor R.T. Rybak visited the firefighters at the hospital. They said the firefighters were in good spirits given the circumstances.
Wednesday, May 30, 2012
 
kare11.com - One person is dead and five others have been injured in the explosion and fire at the Verso paper mill in Sartell Monday. The information was confirmed by the the Sartell city administrator Patti Gartland this afternoon during a news conference. The five injured victims have been transported to area hospitals to be treated. The conditions of their injuries are unknown at this time. The identity of the deceased victim will not be released until family has been notified.
Tuesday, May 29, 2012
 
wivb.com - A school bus crashed into a home on West Woodside Avenue in South Buffalo, Thursday just before 8 a.m. The bus was headed to Lorraine Elementary School . Witnesses at the scene tell News 4 that the kids on the bus were screaming and the female bus driver was "hysterical." Rural Metro says two adults and 19 children were on board the bus. It’s believed that two people were inside the home; neither were harmed. Four children were taken to Women and Children’s Hospital and the bus driver was taken the Mercy Hospital.
Friday, May 25, 2012
 
CNN US - Despite some early storms this year, forecasters Thursday predicted a near-normal Atlantic hurricane season with nine to 15 named storms, including four to eight hurricanes and one to three major hurricanes. Gerry Bell, lead hurricane season forecaster at the National Oceanic and Atmospheric Administration Climate Prediction Center, told reporters that uncertainty about whether the El Nino weather pattern will form made it difficult to be more precise. The hurricane season runs from June 1 to November 30.
Friday, May 25, 2012
 
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