Quote of the day
"This carnage from asbestos related fatalities is disastrous for those workers and their families. It's long past time that the Canadian and Quebec governments stop the production and use of asbestos - it's simply too dangerous a substance and these statistics prove it."
Wayne Peppard, executive director of the BC and Yukon - Building and Construction Trades Council
It’s No Longer Just State Fund’s Market
Not long ago, State Compensation Insurance Fund ruled the California workers’ compensation market. But now are a number of companies have positioned themselves to be players in the market. By Dave Thomas, San Diego Business Journal
Go to the Full Story…
New Law Reverses Minimum Reserve Requirements
A Senate bill that had the attention of companies selling workers’ compensation insurance in California became law Jan. 1. SB 316 eliminates the requirement for workers’ comp insurers to place 65 percent of written premiums in reserve. By Dave Thomas, San Diego Business Journal
Go to the Full Story…
Canadian Research Identifies Troubling Mesothelioma Trends
A leading Canadian physician in mesothelioma research and a University of British Columbia professor are supporting an analysis by provincial construction unions that 300 workers will die of asbestos-related disease each year over the next five years. By Brian Morton, Vancouver Sun
Go to the Full Story…
Meadowbrook Nixes Management Deal
Meadowbrook Insurance Group Inc. announces that it plans to exercise its option to pay $21.5 million to fire a manager hired to run a company the insurer bought last year, U.S. Specialty Underwriters Inc., which underwrites excess workers’ compensation policies. Houston Chronicle
Go to the Full Story…
New York Town Considers Paying Off Its Liability to Defunct Fund
Dolgeville, N.Y., trustees look into possibly issuing a bond to pay off the town’s liability to the defunct Herkimer County self-insured workers’ compensation plan. By Rob Juteau, Little Falls Times
Go to the Full Story…