Dear Janelle,
Thank you for viewing this material. We are pleased
to provide this service to you, and to provide up to
date information regarding risk management, insurance
industry news, products and changes.
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| Court Rules 401(k) Participants Can Sue
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 WASHINGTON,
D.C. - This week the U.S. Supreme Court ruled that
individual participants in 401(k) savings plans, the
most common type of retirement plan, can sue under a
pension protection law to recover their
losses.
The unanimous decision has implications
for 50 million workers with $2.7 trillion invested in
401(k) retirement plans, reported the Associated
Press.
Read
on...
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| Climate Change Top Risk For Insurers:
Ernst & Young |
Climate change presents this year's most serious
strategic risk for the insurance industry, according to
a report released by Ernst & Young on Wednesday.
"It's surprising that this risk, which is typically
viewed as a long-term issue, would be identified as the
greatest strategic threat for the insurance industry in
2008," notes New York-based Ernst & Young in
"Strategic Business Risk Insurance: 2008." Read
on...
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| TRIA 2007 Extension |
The Terrorism Risk
Insurance Program Reauthorization Act of 2007, which
extends the expiring Terrorism Risk Insurance Act of
2002 (TRIA as amended and extended in 2005) was passed
into law on December 26, 2007. The extension act
leaves most of the provisions of TRIA intact and extends
TRIA for seven years, to expire at the end of
2014. However, there is one significant change
which is the inclusion of domestic sponsored acts of
terrorism under the act, previously referred to as
"non-certified acts of terrorism".
Another change in
the Act, as extended in 2007, requires that insurers
disclose to their policyholders the existence of a $100
billion cap on insured
losses. |
| Craigslist Not Liable For Illegal Ads, Court Says
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 SAN
FRANCISCO (Reuters) - Craigslist is not liable for
discriminatory housing ads posted on its Web site, a
federal appeals court has ruled.
The decision is
a victory for the Internet bulletin board where every
month more than 30 million people post offers to buy,
sell or rent goods and services, including housing, free
of charge.
Read
on... |
| Wireless Telephone Laws FAQs |
 Two
new laws dealing with the use of wireless telephones
while driving go into effect July 1, 2008. Read on
to view a list of Frequently Asked Questions concerning
these new laws.
Read
on...
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Sincerely,
Santa Maria &
Company
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FEATURED
ARTICLE
New Contact Emails
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In
an effort to streamline processes for our clients, we
have created three new emails addresses for several
routine tasks. Requesting Certificates of
Insurance and MVRs is now easier than ever, and all new
Claims can be submitted to one email address.
Certificates of
Insurance
certificates@santamariarisk.com
MVRs
mvrs@santamariarisk.com
Submit a New
Claim
claims@santamariarisk.com
If you
have any questions, please don't hesitate to contact our
office.
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