Santa Maria & Company Risk News
  August 2008
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.

 
AXIS CEO Sees Insurers' Returns Eroding
axisHAMILTON, Bermuda (Reuters)-John Charman, chief executive of Bermuda-based AXIS Capital, says insurers are caught between softening policy rates and volatile investment markets, a situation he expects to hurt returns.

"You could make the case that this is the perfect storm-where you have minimal prices in the insurance industry, and at the same time extraordinary volatility in your investment portfolio," Mr. Charman told Reuters in an interview from AXIS' Bermuda headquarters.

Read on...
Suicide Tied to Work Injury Ruled Compensable
wcCARSON CITY, Nev.-A suicide sufficiently connected to an industrial injury is compensable under Nevada's workers compensation system, the state's highest court has ruled.

State law barring family members from collecting workers comp benefits if a worker's death resulted from a "willful intention to injure himself" does not apply when a "sufficient chain of causation is established," the Nevada Supreme Court ruled in Sharon Vredenburg vs. Sedgwick CMA and Flamingo Hilton-Laughlin.

Read on...
Climate Change Puts U.S. Way of Life at Risk: EPA
Gavel

WASHINGTON (Reuters)-The Environmental Protection Agency, under fire for apparently discounting the impact of climate change, on Thursday said global warming poses real risk to human health and the American way of life.

Risks include more heat-related deaths, more heart and lung diseases due to increased ozone, and health problems related to hurricanes, extreme precipitation and wildfires, the agency said in a new report.

Read on...
Comp Insurer Must Pay for Gastric Bypass Surgery
wc

SALEM, Ore.-An obese worker's gastric bypass surgery is compensable under Oregon's workers compensation law because the procedure was necessary to treat a job-related knee injury, an appeals court ruled Wednesday.

The ruling in SAIF Corp. and Jerry's Specialized Sales vs. Edward G. Sprague affirms a finding by the state Workers' Compensation Board that SAIF Corp., a state-chartered workers comp insurer, must pay for the weight-loss surgery Edward Sprague underwent in 2001.

Read on...

 
Sincerely,
 

Santa Maria & Company
phone: (925) 988-8085
In This Issue
AXIS CEO Sees Insurers' Returns Eroding
Suicide Tied to Work Injury Ruled Compensable
Climate Change Puts U.S. Way of Life at Risk: EPA
Comp Insurer Must Pay for Gastric Bypass Surgery
FEATURED ARTICLE
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FEATURED ARTICLE

New Contact Emails
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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Santa Maria & Company | 1777 N. California Blvd., Suite 310 | Walnut Creek | CA | 94596