Workers’ compensation laws have evolved and expanded since the beginning, but these are the roots of the modern American workers’ compensation system.This history begins a workers’ compensation series that will cover various topics and concepts surrounding the modern workers compensation system.Read full story
In an article on its web site (http://www.lloyds.com/), Lloyd’s looks at the increasing concerns over coverage for vacant properties. “As the economy worsens it’s expected that more and more businesses will fail, leaving commercial property owners possibly struggling to fill their factory and office space,” said the article.“Empty buildings are a magnet for potentials risks such as theft, vandalism and arson, and as such, owners can struggle to find insurance coverage for their real estate if it is unoccupied. Vacant property is traditionally one of the most difficult risks to cover for the property sector.”Lloyd’s notes that one commercial underwriting… Read More »Insuring Vacant Property – Lloyd’s Analyzes
Survey: Private Firms More Exposed to Liability Risks, But Less Protected More than one-third of U.S. businesses do not purchase any type of management or professional liability insurance. Yet, two out of three U.S. private companies have experienced some type of event related to management or professional liability in the past five years.The majority of survey participants do not purchase employment practices liability (63 percent), crime (66 percent), directors and officers liability (63 percent) and cyber liability (91 percent) insurance.In 2008, one in three (31 percent) companies expect to experience a crime-related event, 26 percent a directors and officers liability… Read More »Buy Insurance for Protection
American Guarantee & Liability Insurance Co. has filed a lawsuit against Payless ShoeSource Inc. in the U.S. District Court of Kansas, seeking a declaration that the $305 million in damages the discount shoe retailer recently incurred from a legal battle with adidas Group is not covered under its policy. New York-based American Guarantee & Liability, a subsidiary of Zurich Financial Services Group, filed its suit in response to the verdict, which was handed down in May. According to court documents, the insurer claims that Payless’ policy doesn’t cover numerous aspects of the jury’s decision, including the charge that Payless “willfully… Read More »Trademark and Copyright Infringment – Covered or Not?
Tuesday’s Los Angeles-area earthquake should not result in insured property losses of more than $100 million, catastrophe modeler EQECAT said in a note to its clients. Meanwhile, Boston-based AIR Worldwide Corp. said Wednesday that the quake should not result in significant insured losses, in large part because of California’s building codes. The U.S. Geological Survey said the magnitude 5.4 earthquake was followed by nearly 50 aftershocks and was felt as far away as Las Vegas.
A suicide sufficiently connected to an industrial injury is compensable under Nevada’s workers compensation system, the state’s highest court has ruled. State law barring family members from collecting workers comp benefits if a worker’s death resulted from a “willful intention to injure himself” does not apply when a “sufficient chain of causation is established,” the Nebraska Supreme Court ruled in Sharon Vredenburg vs. Sedgwick CMA and Flamingo Hilton-Laughlin. To establish such a chain, claimants must demonstrate that the employee suffered an industrial injury that in turn caused a psychological injury severe enough to override rational judgment. Claimants must then establish… Read More »Workers Comp Benefits for Suicide
If you have business insurance policy than there is always a chance some one who you deal with can ask to be named as additional insured. There are several different types of additional insured. Let’s look at the most common ones, but before a little of terminology:Insured – you and your company a. Additional Insured – Designated Person or Organization Coverage may be provided for designated person or organization as an additional insured with respect to their liability arising out of the insureds operations or premises owned by or rented to this insured. b. Additional Insured – Manager or Lessors… Read More »What is Additional Insured?
Define OSHA: The Occupational Safety and Health Administration OSHA has proposed penalties of nearly $8.7 million against Imperial Sugar Co. and its two affiliates, alleging violations at their plants in Port Wentworth, Ga., and Gramercy, La. The citations followed an explosion and fire on Feb. 7, 2008, at the Port Wentworth refinery that killed 13 employees and hospitalized 40 others. Three employees remain hospitalized. According to OSHA, the proposed penalties against Sugar Land, Texas-based Imperial Sugar represent the third-largest fine in the agency’s history. Imperial Sugar President and Chief Executive Officer John Sheptor issued a statement saying the company, which had… Read More »OSHA. It’s better to comply…
There is nothing to write about. Simply use Transcription Institute – they are the best. Their transcription service delivers high quality, client satisfaction, time saving products. And we love their onDemand Teleconferencing with unlimited recording transcription services for extremely competitive pricing. Another trendy feature they offer – Voicemail to Transcript. Call 800 number, record your voicemail and receive a full, proof read transcript either within 24 hours with RUSH or 4 days with STANDARD service.
The California Insurance Guarantee Association (CIGA) operates under Articles 14 and 14.25 , Sections 106 3106 3.68 of the California Insurance Code. CIGA provides a mechanism for the payment of covered (as defined by the insurance code and case law) property, casualty and workers compensation insurance claims of insolvent insurance companies. It is the mission of the association to pay claims on a timely basis with no excessive delays and to help relieve the financial burden placed on claimants when insurance companies fail. California Insurance Guarantee Association Reimbursed $56 Million Continental Casualty Co. has reimbursed the California Insurance Guarantee Association… Read More »California Insurance Guarantee Association (CIGA)