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Santa Maria & Company Risk News )
April 2007
In this issue
  • Large Employers Lead in HSA Adoption
  • WCIRB Approves 11.3 Percent Rate Decrease
  • Six Ways to Stop Date Leaks
  • Investors to Press Congress on Global Warning
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    Large Employers Lead in HSA Adoption
    hsa

    Enrollment in health savings accounts linked to high-deductible health insurance plans grew last year among large U.S. employers at nearly three times the rate as small employers, a survey shows.

    In fact, the fastest growing market for HSA/HDHP products is large-group coverage, which has growth from 19% of the market in March 2005 to almost 50% of the market as of January, according to the survey conducted by the Washington-based trade association America’s Health Insurance Plans.

    WCIRB Approves 11.3 Percent Rate Decrease
    arrow - down

    SAN FRANCISCO, CA -- The Workers' Compensation Insurance Rating Bureau of California (WCIRB) Governing Committee has approved the filing of an 11.3 percent decrease in advisory pure premium rates, effective July 1 on new and renewal policies with anniversary rating dates on or after July 1.

    The WCIRB anticipates making the rate filing with the California Department of Insurance (CDI) on Friday, March 30. Once submitted to the CDI, the rate filing and related documents will be available in the filings section of the WCIRB Web site at https://wcirbonline.org/.

    Six Ways to Stop Date Leaks
    cables

    March 19, 2007 (Computerworld) During the five months when Gary Min was stealing $400 million worth of proprietary information from a DuPont database, he downloaded and accessed more than 15 times as many documents as the next most active user of the system. But he wasn’t caught until after he left the company for a rival firm.

    Min pleaded guilty last November to misappropriating DuPont data and is scheduled to be sentenced on March 29. His case is only the latest to highlight a lack of internal controls at many companies for dealing with insider threats. In February, a cell development technologist at battery maker Duracell admitted to stealing research related to the company’s AA batteries, e-mailing the information to his home computer and then sending it to two Duracell rivals.

    Dealing with such risks can be challenging, especially in large corporations, says Tom Bowers, former manager of information security operations for the global security division of Wyeth Pharmaceuticals Inc.

    Investors to Press Congress on Global Warning
    globe

    NEW YORK (Reuters)—Joining a rising corporate chorus itching to sink money into clean energy projects, big investors will press the U.S. Congress Monday to pass laws attempting to tackle global warming.

    The dozens of investors include Merrill Lynch, The Capital Group, which manages $850 billion in mutual funds, and the California Public Employees Retirement System, the largest U.S. pension fund, said a source at Ceres, a Boston-based coalition of investors and environmentalists.

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