Posted July 15th, 2011
by George Lewis
Bermuda-based AXIS Capital Holdings Limited has estimated that the total net financial impact of the June 2011 aftershock in New Zealand and the series of severe weather events that occurred in the U.S. in April and May 2011 are expected to be $90 to $105 million – net of reinsurance coverage, tax and reinstatement premiums.
The Company expects losses from the New Zealand aftershock to be $30 to $35 million. The net financial impact of the severe weather events that occurred in the U.S. dur
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Tags: Axis, Axis Puts Posted in Insurance Updates
Posted July 14th, 2011
by Amelie Weedon
WorkCover New South Wales (Australia) recently announced the 47 recipients of the $6.7 million WorkCover Assist Grants Program to help employers, unions and not-for-profit group training organizations prepare for the new national harmonization of work health and safety legislation. In total 24 employer associations were awarded $3.1 million, 14 employee representatives were awarded $2.1 million, and four not-for-profit group training providers were awarded funding worth $344,552. In addition, four employer associations and one employee representative received high risk focus area grants worth $393,487. ( Read more…
Tags: Comp Training, Training Posted in Insurance Quotes
Posted July 13th, 2011
by Amelie Weedon
Shortly after stating that four more cancers were added to the list of occupational diseases covered by presumptive workers compensation legislation, Alberta Employment and Immigration (AEI) has proposed including the provinces 10,000 volunteer firefighters under the presumptive umbrella, according to Canadian OH&S News. On May 10, AEI came out noting that an amendment to the Workers Compensation Act had been recently unveiled that, if passed, would permit volunteer, part-time and casual (on-call) firefighters to receive presumptive compensation for the 14 cancers currently covered under the legislation. (WCxKit) The amendments, which went to third reading on May 11, mean that firefighters regularly exposed to the hazards of a fire scene would receive workers comp minus having to demonstrate the burden of proof. The provinces 3,500 full-time The announcement comes six days after the government added the following items: prostate, breast, skin and multiple myeloma cancers to the 10 diseases presently assumed to be work-related. British Columbia, Manitoba, Ontario, Nova Scotia, Northwest Territories and Nunavut have likewise coverage for volunteer firefighters, according to an AEI statement. Manitoba was Canada’s first jurisdiction to put in place presumptive legislation in 2002, which now includes 14 cancers and applies to full-time and volunteer firefighters. (WCxKit) In Manitoba, the provincial Workers Compensation Board (WCB), the United Fire Fighters of Winnipeg Local 867 (UFFW) and Global Television recently partnered on a TV advertising campaign to back safe work practices and early detection and screening of occupational cancers, according to a UFFW executive board member.
Author Robert Elliott, executive vice president, Amaxx Risks Solutions, Inc. has worked successfully for 20 years with many industries to reduce Workers Compensation costs, including airlines, healthcare, printing/publishing, pharmaceuticals, retail, hospitality and manufacturing. See www.LowerWC.com for more information. Contact:
Tags: Cancer, Proving Cancer Posted in Insurance Quotes
Posted July 13th, 2011
by George Lewis
In a new effort to recognize members of the insurance industry for their contributions to consumers and community, Insurance Commissioner John Doak named Farmers Insurance Group District Manager Pepper Williams as the first recipient of the Oklahoma Insurance Professional of the Month Award.
Doak, who took office in January, instituted the monthly awards program through the Oklahoma Insurance Department to commend insurance agents, brokers, adjusters, executives and other industry employees for exemplary performance on behalf of the customers and communities they serve.
Williams was chosen for his nearly 40 years of service to Farmers customers, his advancement of catastrophe response techniques, his educating and mentoring of young agents in the critical field of customer service, and his community involvement through the Rotary Club, membership in Southern Hill Baptist Church and the South Oklahoma City Chamber of Commerce, plus charitable efforts such as the March of Dimes and Coats for Kids.
Nominations for the award can be submitted to the Insurance Department through its Web site at http://oid.ok.gov and recipients will be selected by a panel of their peers in the industry.
Tags: Insurance, Williams Insurance Posted in Insurance Updates
Posted July 12th, 2011
by George Lewis
Searching for auto insurance quotes nowadays is much easier because of development in technology. The methods in achieving these quotes were limited especially in the past.
One of the common ways in doing it back then was making phone calls to companies or agents in order to gather multiple quotes.
With the internet, this whole process was made to become simpler. After just a few minutes, you are able to receive a lot of quotes that will fit your insurance needs.
When looking for an auto insurance, you to take some important things into consideration. Your vehicle type usually makes a difference in what kind of policy you will get.
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Tags: Auto Insurance, Auto Insurance Quote, Insurance Quote, Quote Posted in Insurance Updates
Posted July 11th, 2011
by Amelie Weedon
In the new Global Report on Equality at Work 2011, the International Labour Office (ILO) is stating that in spite of continuous positive advances in anti-discrimination legislation, the global economic and social crisis has led to a higher risk of discrimination against some groups like migrant labour. “Economically adverse times are a breeding ground for discrimination at work and in society more broadly. We Read more…
Tags: Alive Global, Global Posted in Insurance Quotes