Sunday, September 15, 2019 - 11:15 External News

The Santa Ana winds have returned to California, a signal to the state’s residents that the wildfire season has begun in earnest.

The winds are created by high pressure over Nevada’s Great Basin as cool weather starts to arrive in the Fall. Low pressure systems in warmer California pull them along, and as they flow through the Sierra Nevadas and other ranges, twisting their way through narrow passes and canyons, they heat up, lose moisture and gain speed.

Friday, September 13, 2019 - 03:00 External News

Power producer PG&E Corp. said on Friday it has reached an $11 billion settlement agreement with entities representing about 85% of insurance subrogation claims relating to 2017 and 2018 wildfires.

The company said these claims were based on payments made by insurance companies to individuals and businesses with insurance coverage for wildfire damages.

Friday, September 13, 2019 - 03:00 External News

The Coast Guard announced it has issued new safety recommendations in the wake of a fatal boat fire off the Southern California coast that killed 34 people. The agency recommended limiting the unsupervised charging of lithium-ion batteries and the use of power strips and extension cords.

The bulletin also suggests that owners and operators of vessels review emergency duties with the crew, identify emergency escapes, check all firefighting and lifesaving equipment onboard, and look at the condition of passenger accommodation spaces for “unsafe practices or other hazardous arrangements.”

Tuesday, September 10, 2019 - 03:15 External News

EDMONTON — The 2019 RIMS Canada Conference got its green light Monday morning when technology and disruption strategist Shawn Kanungo entered the Edmonton Convention Centre in an ELA, an electronic autonomous shuttle being piloted in Canada. “Transform” is this year’s conference theme and, as emcee, Kanungo emphasized the need for attendees to embrace risk in order to improve their organizations.

“Experimentation,” he said, “is the gateway drug to true transformation.”

Ahead of the morning’s keynote, the RIMS Canada Council announced its top honors for accomplishment in the risk management field. For the risk professional earning the highest average mark on the three examinations required to attain the Canadian Risk Management (CRM) designation, the Fred H. Bossons Award was awarded to Ronnie Yuen, underwriting assistant at Starr Technical Risks Canada, Inc.

Thursday, September 5, 2019 - 04:00 External News

Medical payments in California’s workers’ compensation system continued to decline in 2018 as the medical payments per claim decreased, according to a report from the Workers’ Compensation Insurance Rating Bureau of California.

The WCIRB released its California Workers’ Compensation Aggregate Medical Payment Trends report comparing medical payment information from 2016 to 2018.

Tuesday, September 3, 2019 - 06:00 External News

A new report shows that an evidence-based drug formulary put into effect by the California Division of Workers’ Compensation’s over a year ago may be working.

The formulary went into effect Jan. 1, 2018. It was intended to: reduce frictional costs in the workers’ compensation system; restrict inappropriate prescribing, especially those that relate to opioids; and ensure that injured workers receive medically necessary medications in a timely manner.

Tuesday, September 3, 2019 - 06:00 External News

Divers and search crews were still looking Tuesday for nine missing people after at least 25 were confirmed dead when a boat packed with scuba divers caught fire near an island off the Southern California coast.

The dive-boat Conception became engulfed in flames before dawn as the passengers on a recreational scuba diving trip slept below deck.

Wednesday, August 28, 2019 - 03:45 External News

The California Earthquake Authority gained 23,861 earthquake insurance policies following the magnitude 6.4 and 7.1 earthquakes and aftershocks that struck on unnamed faults near Ridgecrest beginning on the July 4 holiday.

That’s the second-largest monthly net increase in the 23-year history of the CEA, a not-for-profit, privately funded, publicly managed organization.

Thursday, August 22, 2019 - 03:15 External News

The board of California’s State Compensation Insurance Fund announced plans to distribute a $105 million dividend to qualifying policyholders with policies that took effect between Jan. 1 and Aug. 19.

This dividend equals roughly 15% of the estimated annual premium reported in State Fund’s mid-year 2019 financial statement and averages out to roughly $1,400 per employer.

Wednesday, August 14, 2019 - 12:30 External News

People affected by wildfires in Northern California in 2017 and 2018 can soon file claims for housing assistance and other immediate needs with Pacific Gas & Electric Co.

They can file their claims online through the website for the utility’s wildfire assistance program as early as this week.