Majority Have Little Or No Knowledge Of How Self Insured Groups Work

Majority Have Little or No Knowledge of How Self-Insured Groups Work

by

Hale Johnston

EMPLOYERS latest SIG-related poll results come at a time of continued financial challenges for some large SIGs and their members around the country. In California, a workers compensation SIG for restaurants, golf courses and country clubs recently announced a $42 million assessment on its member businesses to make up for the group s insufficient reserves. The assessment means costs of tens of thousands of dollars or more to the member companies, including many that are former members. And recently a health-care industry SIG also announced an assessment to its members which was necessary to comply with California financial standards and to shore up a $25 million reserve deficit.

Four out of ten small business decision-makers incorrectly believe that SIG members are not financially responsible for the claims of each of the group s other member companies, according to the latest EMPLOYERS Small Business Opinion Poll. This lack of SIG knowledge is not limited to the general small business population. Thirty-nine percent of small businesses who are currently or were part of a SIG incorrectly believe SIG members are not financially responsible for the workers compensation claims of each of the other companies in their SIG, not just their own businesses.

EMPLOYERS Small Business Opinion Poll Snapshot:

73 percent have little or no knowledge of how SIGs work

40 percent of all small business decision-makers polled don t realize SIG members are financially responsible for each of the other member company claims

39 percent of current and former SIG members don t realize they are responsible for claims of each of the other member companies

[youtube]http://www.youtube.com/watch?v=KlFCMlFas6k[/youtube]

31 percent believe saving money on annual premiums outweighs the financial risk of a SIG failure

25 percent incorrectly believe that their claim liability ceases when they leave a SIG

Selecting Workers\’ Compensation Coverage

When selecting a workers\’ compensation insurance carrier, price logically serves as a deciding factor and is certainly important. However, it\’s also important for businesses to consider long-term cost savings that can be achieved through value-added programs such as loss control, anti-fraud and managed care programs that are offered by private insurance carriers.

Following are questions businesses should ask if they are already members of or are considering leaving self-insured groups.

Nine Questions Businesses Should Ask Their Self-Insured Group Administrator:

1. How well funded is the self-insured group?

2. How many claims have occurred while my company has been a member?

3. What is the expected lifetime cost of each of these claims?

4. What does joint and several liability mean to my business?

5. What is my company s exposure if another member of the self-insured group has a claim?

6. Can a claimant sue my company for the full cost of a claim?

7. What liabilities does my company have if I leave the self-insured group?

8. What are the legal requirements of leaving a self-insured group?

9. Will I need to re insure any costs related to claims that occurred while I was part of the self-insured group?

About the Small Business Opinion Poll

The study commissioned by EMPLOYERS surveyed 501 owners or managers of small businesses with 1-99 full-time employees. Data was collected through telephone interviews during the period May 9 May 17, 2012 at the 95 percent confidence level. The sample is stratified across business size and industry grouping, including manufacturing/construction, transportation/ communication, wholesale/retail, financial services, or personal/professional services businesses. The survey was conducted by ORC International through its Small Business CARAVAN.

Hale Johnston is Senior Vice President, Regional Manager of the Pacific Region for EMPLOYERS . Additional information can be found at

employers.com

Article Source:

ArticleRich.com

Bangladesh security tightened following Pilkhana massacre and Bashundhara City fire

Friday, March 20, 2009

Following the Pilkhana massacre which occurred February 25 and 26 leaving 74 dead and the inferno at the Bashundhara City shopping mall complex March 13 leaving seven dead, Prime Minister Sheikh Hasina said security measures are being tightened countrywide across Bangladesh.

Fire drills will be enacted at all key-point installations (KPI). Fire fighting systems will be examined by the fire brigade and the public works department (PWD) to ensure functionality. Security measures will be enhanced supplementing areas under private security such as at the Bashundhara City Complex.

The Fire Service and Civil Defence Department requires modernization and needs new equipment to fight fires past the sixth floor of buildings. The Fire Brigade says it needs turntable ladders, snorkels, foam-tenders, lighting units, emergency tenders, fireproof uniforms, and rescue ropes for fire fighting and rescue operations. Transportation to fires is also an issue due to narrow roads, low electrical wires and congestion.

The Bangladesh National Building Code requires fire fighting equipment installed in buildings over seven floors. This code is to be monitored by authorities to ensure compliance with the new guidelines and to make sure buildings are being maintained.

The Bashundhara City Complex opened Monday for shoppers two days after Friday’s blaze. A probe is underway to determine the cause of the fire and to assess structural damage.

Loss of life was minimized as the blaze broke out on a Friday, the beginning of the weekend in Bangladesh, so offices in the upper floors were empty. The lower eight floors are used for shopping and the upper floors are all Bashundhara Group offices.

The mall is valued at Tk 7.0 billion (US$100 million). It is not known if the complex is covered by fire insurance.

It is estimated that it will take over two years to rebuild the area damaged by flames which were burned down to a skeleton. Bashundhara City’s technical advisor, Latifur Rahman, estimated damages at Tk 2.0 billion (US$29m).

Only one television cameraman has been allowed in to film the burnt area. None of the 2,500 shops, cinemas or cafes were burnt by the inferno. The seventh and eighth floors still experience smoke damage, and there was water damage to merchandise.

A three member committee is currently investigating the cause of the fire which will consist of Iqbal Khan Chowdhury, joint secretary of the ministry, representatives of the police, IGP Noor Muhammad, and fire brigade, Director General Abu Nayeem Md Shahidullah. The committee is required to report within the week with their findings. The forensics department is also sifting through the burnt remains.

The Dhaka Chamber of Commerce and Industries has also formed a committee which has begun interviewing witnesses and recording their testimony alongside the government committee.

It has been discovered that 150 closed circuit cameras were not being used when the fire started. Another mystery is why the mall fire fighting system has been found unused.

Why the fire burnt so fiercely is a matter to think….These matters seem to be mysterious

“In the shopping mall there is an ultra-technology elevator which runs even without electricity but we have found that locked,” Iqbal Khan Chowdhury, joint secretary (Police) of the home ministry, said. “Why the fire burnt so fiercely is a matter to think. We have to see if there was any incendiary substance there. These matters seem to be mysterious.”

Mall management has been asked to submit substances and items which would have been in the upper floors when the fire started. The fire erupted on the 17th floor and spread quickly to the two floors above and engulfed the three floors below. The aerial ladders belonging to the Fire Service and Civil Defence reached as high as the 13th floor of the 21-storey building.

Videos have been sent to the United States (US) for examination to assist in determining the cause of the fire and to help in the damage assessment. Experts from the US are expected to arrive soon.

Firefighters were brought to the rooftop of the 20-storey tower by helicopter. The only fatality in this operation was Baki Billa, a firefighter of Bashundhara City firefighting department, who fell when climbing down a rope from a helicopter to the roof of the building. Three other firefighters made the transition safely. At this same time, the chief security officer was safely rescued by the Bangladesh Air Force helicopter, a Bell 212. Six security officers of the complex also lost their lives.

Ontario Votes 2007: Interview with Green candidate Marion Schaffer, Oakville

Monday, September 24, 2007

Marion Schaffer is running for the Green Party of Ontario in the Ontario provincial election, in the Oakville riding. Wikinews’ Nick Moreau interviewed her regarding her values, her experience, and her campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Egypt cancels 15 year gas supply contract to Israel

Wednesday, April 25, 2012

According to Israeli Prime Minister Benjamin Netanyahu, the termination of a natural gas contract between Egypt and Israel is a business matter and not a political issue between the two counties. Netanyahu’s statement on Monday backs away from other officials’ earlier responses to the action.

Egyptian Natural Gas Company announced Sunday, April 22 that it will stop supplying Israel with natural gas over a disagreement about payments. The company’s leader claims the other side is in “breach of contract” as Gasco has not been paid for what has already been delivered.

In 2005, Israel and Egypt, under former president Hosni Mubarak, signed a 15-year trade deal whereby Egypt would supply natual gas at a discounted rate to the Israelis. Tensions between the two countries have made Israel cautious about relying on Egypt for its energy. Since the 2011 Egyptian revolution, the pipelines for transporting natural gas from Egypt to Israel have been damaged up to 14 times.

When this decision was broadcast on Sunday night in Egypt, commentators for Egyptian news services discussed whether this decision was a blatant contractual infringement, a necessary commercial move, or an attack on the original peace treaty between Egypt and Israel made at Camp David in 1978.

In Israel, Yuval Steinitz, the finance minister, said, “This is a dangerous precedent that diminishes the peace treaty [between the two countries].”

Avigdor Lieberman, foreign affairs minister, had called on Egypt to reverse the decision and prevent the contractual dispute from escalating into a political issue. Since Netanyahu’s more recent comment, Lieberman has also backed away from characterizing the issue as a political dispute.

Egypt’s natural gas exports once made up 40 percent of Israel’s natural gas reserves, but Israel has looked for other options as the political atmosphere in Egypt changed. Israel is developing its own offshore fields, and it has begun to import other types of “dirty fuels,” like gas and diesel. As a result, Israeli consumers have seen a nine percent increase in electricity costs and Israel is preparing for the possibility of blackouts.

What To Look For When Hiring A Taxi From Mumbai To Pune

byAlma Abell

Are you planning on a journey from Mumbai to Pune? On way to make the trip is by hiring a taxi. There are a number of companies out there that offer taxi service from Mumbai to Pune and back again, but before you hire one, you should make sure that they are offering the services you need. Because of the variety of Mumbai to Pune taxi services available, choosing the right one for you can be a challenge. Luckily, there are some things that you can look for to ensure your Mumbai to Pune taxi experience is a good one.

A Choice of Vehicles

One thing that you should look for when considering a company that will take you from Mumbai to Pune is a company that offers a choice of vehicles. Why do you want a choice of vehicles? Because you may have different needs than other people and you will be able to tell, if a company offers a choice, that they are putting customer service as one of their top priorities. For instance, if a taxi service only offers a small coupe vehicle as their taxi, they aren’t giving good service to people who may be travelling in groups.

Affordable Rates

You also, of course, want to make sure that you are working with a company that offers affordable rates, as well. The journey from Mumbai to Pune is approximately 152 kilometres, so you may need to do some calculating based on the given rates of these services as not all of them will give you the exact rate at the time of hire. Many of them will charge by the kilometre as well, so the rate can vary based on route and where you start and end.

A Good Reputation

Finally, you will want to make sure that the company you choose has a stellar reputation. You can typically find this out by talking to friends and family who may have used the company for travel or by looking online for reviews that have been left by other customers. These reviews can certainly tell you a lot about the company in question and will give you a great overview of what you can expect should you choose to use their taxi services.

If seeking out a Mumbai to Pune taxi, contact Allied Car Rentals. Reach them online at Alliedcarrentals.com or by phone, +91 9890930737.

New Ghanaian currency introduced

Tuesday, July 3, 2007

New currency notes are being introduced in Ghana today. The new currency, to be called the Ghanaian cedi, replaces the previous cedi which has been in circulation since 17 February, 1967.

The Ghanaian cedi will be exchanged at 10,000 old cedis to one new Ghanaian cedi. The exchange rate against the U.S. dollar starts at GH¢0.92 to one U.S. dollar. The new ISO code for the currency is GHS, and the new symbol, GH¢.

The change, which was originally scheduled by the Bank of Ghana to start on July 1, 2007, will instead start on Tuesday July 3, as the original date is Ghana’s Republic Day.

Monday, July 2, was declared a public holiday as the actual Republic Day fell on a Sunday. July 3, is thus the first day that the currency will be available to the public as banks open to the general public. This is because ATMs were shut down over the weekend so that the currencies could be checked and replaced in all of them nationwide. The old and new currencies will be used concurrently until the end of December 2007, when the old currency will cease to be legal tender.

This is the third Ghanaian cedi to be introduced in the country since 1965.

Republican leaders in US want more tax relief in economic stimulus

Monday, January 26, 2009

As the newly inaugurated Barack Obama administration continues to push for a US$825 billion stimulus package to aid the struggling United States economy, some Republican legislators say they will not vote for such a plan without the inclusion of more tax cuts and less “unnecessary” spending.

Arizona Senator John McCain, Obama’s general election opponent and a leading voice within the Republican Party, says he would not vote for the American Recovery and Reinvestment Plan as it currently stands. Appearing on Fox News Sunday yesterday, McCain echoed his campaign platform in saying, “We need to make tax cuts permanent, and we need to make a commitment that there’ll be no new taxes.”

McCain and other Republicans say they are unhappy with the bill introduced in the House of Representatives, which combines roughly $550 billion in domestic spending with $275 billion in tax cuts. McCain believes not enough Republican proposals have been integrated into the plan, which he fears will result in the plan becoming “just another spending project” rather than a job creator.

“Republicans have not been brought in, to the degree that we should be in, to these negotiations and discussions. So far, as far as I can tell, no Republican proposal has been incorporated,” McCain said. “We’re losing sight of what the stimulus is all about, and that is job creation.”

The Arizona senator is known for his bipartisan efforts in Washington, D.C., but he defined his role in the new Senate as the “loyal opposition”, which does not mean “that I or my party will be a rubber stamp” for Obama, he said.

In his first weekly address since being sworn in, President Obama explained the stimulus plan in further detail, calling it a plan to “immediately jumpstart job creation as well as long-term economic growth.” He outlined several of the bill’s priorities, including the creation or salvation of up to four million jobs, as well as sweeping investments in health care, education, energy and infrastructure.

Among these investments are a new electricity grid with more than 3,000 miles of transmission lines, the weatherization of 2.5 million homes, health insurance protection for more than 8 million Americans, a renovation of over 10,000 schools, a project to repair thousands of miles of roadways, and an expansion of broadband Internet access.

Obama also laid out the rationale behind the stimulus, saying that “unprecedented action” is necessary in order to prevent further economic distress. “Our economy could fall $1 trillion short of its full capacity, which translates into more than $12,000 in lost income for a family of four,” Obama said. “In short, if we do not act boldly and swiftly, a bad situation could become dramatically worse.”

The president addressed the skepticism surrounding the stimulus package, pledging to “root out waste, inefficiency, and unnecessary spending”, while holding the government accountable for its actions. “We won’t just throw money at our problems,” Obama said. “We’ll invest in what works.”

Still, Republicans such as House Minority Leader John Boehner are skeptical of the plan’s effectiveness in rebuilding the economy. “I think a lot of Republicans will vote no because it’s a lot of wasteful Washington spending”, he commented on Meet the Press, repeating McCain’s call for less federal spending and more tax cuts.

Examples of “wasteful” spending cited by Republicans include millions of coupons to aid in the digital television transition, $200 million for new sod on the National Mall, and $360 million to fight sexually transmitted diseases, which includes funding for contraceptives. House Republicans have claimed it will take 10 years before the economy feels the effect of a stimulus, and that the combined spending of the stimulus and the financial bailouts of last year will leave future generations with over $2 trillion of debt.

In response to the stimulus plan being pushed through Congress, Boehner and Republican Whip Eric Cantor presented Obama with an alternative stimulus plan on Friday, one that relies exclusively on income and business tax cuts. “Our plan offers fast-acting tax relief, not slow-moving and wasteful government spending,” Boehner said. The counterproposal includes an income tax reduction that would save families an estimated $3,200 a year.

Despite this opposition, the stimulus bill is expected to pass through Congress by mid-February, as the Republican minority does not have enough votes to stop its approval. Senate Minority Leader Mitch McConnell expressed a general support of the plan at a White House meeting with Obama and other congressional leaders. “I do think we’ll be able to meet the president’s deadline of getting the package to him by mid-February,” McConnell said. The bill is expected to go before Congress for a vote on Monday, February 2.

Obama’s top economic adviser Lawrence Summers defended the stimulus plan while on Meet the Press. He said the bill was intended to balance the long-term initiatives mentioned above with the tax cuts desired by Republicans. He also said Obama was committed to spending three quarters of the stimulus money within 18 months.

Iconic London mural could be restored

Monday, September 20, 2010

One of London’s most well known murals could be restored after years of neglect if plans by a group of community activists gain public support. The Fitzrovia Mural at Whitfield Gardens on London’s Tottenham Court Road was created by two mural artists and commissioned by Camden Council in 1980, but the mural has since decayed and been vandalised.

Plans will be presented at a public meeting this Tuesday, to include details of the restoration and promote local public space in contrast to potential commercial developments and the focus of the London 2012 Olympics. If enough funds are raised from charitable trusts and public donations the mural could be restored during the summer of 2011.

Plans to be put forward by the Fitzrovia Neighbourhood Association, and the London Mural Preservation Society, will present ways to fund not only the restoration work but also projects to raise awareness of conservation, heritage, and the residential and working community. The heritage and mural project hopes to involve many local people who could learn new conservation skills. Also planned are workshops with local children to involve them in their heritage, an exhibition by local artists, guided tours and a celebratory event at the end of the restoration project. In addition to this, a booklet would be produced containing collected oral histories of the people involved and a preservation trust to protect the mural in future years.

The playful painting was created on a Camden Council-owned building in 1980 by artists Mick Jones, (son of the late Jack Jones, trade union leader) and Simon Barber and is a mash up of scenes depicting problems faced by the neighbourhood over the preceding decade.

There is also a caricature of poet Dylan Thomas, who lived in Fitzrovia, and a mocking portrayal of then leader of the Greater London Council, Conservative politician Horace Cutler, who is pictured as a bat-like creature. Other characters include an anonymous greedy developer and a property speculator counting piles of cash.

Peter Whyatt of the neighbourhood association is jointly leading the project to restore the mural. Yesterday he told Wikinews he had a number of concerns about the possible success of the project.

“There are a great number of problems with getting this project off the ground and we also need to act pretty quickly for a number of reasons,” said Mr Whyatt.

“Firstly the mural is in a terrible state and deteriorating quickly. There is more graffiti being daubed on the site every month because one bit of graffiti attracts another bit. We really need to start the work in the next 12 months because going through another winter with the condition of the wall will causes more problems and inevitably more expense. We want to keep as much original artwork on the site as possible to keep the costs down. This is a big mural and it will be expensive to restore,” he continued.

“And that brings me to my second concern: cost. If we don’t get other community organisations on board to bid for money for this with us and to involve their beneficiaries and volunteers, it will be very difficult to secure the money needed. Money is very tight at the moment because to the current financial climate. We need to get support at this meeting on Tuesday and some firm commitments from people and organisations to get involved.

“Lastly there is a danger of a commercial development on the site. A public-private partnership to create a new art feature. Because of the existing mural’s subject matter – it mocks property speculators, and land developers, etc – a commercial scheme probably backed by a property developer would not want to restore the mural’s original message. They’d want some “good news” scheme, some greenwash idea that paints them in a positive light.

“However, despite these problems, Camden Council have offered to do a condition survey on the mural. This will save us a lot of money. But having said that there are five council departments to deal with to get permission for this restoration work, and they don’t always talk to each other.

“But if the public and local voluntary organisations show their support, we can make it happen,” Mr Whyatt concluded.

The mural restoration will be just one part of a year long project of heritage and conservation awareness-raising. “The project is not just about the mural but also wider plans to promote awareness of heritage and conservation in an area of London under threat from commercial development. In fact the bulk of the project is about the heritage and conservation and the mural is just one part of it, and the most visible because of its situation,” Mr Whyatt later added.

There will be a public meeting about the heritage and mural project at 7.30 pm tomorrow (Tuesday), at the Neighbourhood Centre, 39 Tottenham Street. The public can also comment about the proposals on the Fitzrovia Heritage and Mural website.

Why Choose An Accommodation Away From The City

byAlma Abell

Sometimes it is important to get away from it all, and rest for a while. When looking for an alternative accommodation, going to the country may be your best option. There are many reasons why people should consider going to a bed and breakfast or an inn in the country rather than a hotel in the city.

Good Reasons to Go to a B&B

There are many advantages to staying at a bed & breakfast, with one of the main ones being the opportunity to save money. Anyone who travels can get more for their money by seeking cheaper lodgings. Staying at a bed and breakfast is a good way to make the best of a tight travel budget.

Some of the other factors that make this is a good option include:

* The personal touch can never be replicated at a large hotel, no matter how grand it is. Many people like the fact that they have the opportunity to interact with the owners and staff if they want.

* The customer service is generally superb at many of these types of accommodations. The owners or operators take a more hands-on approach to ensuring that the guests are well treated.

* Being away from the hustle and bustle of the city is a big draw for many people. Even if you decide to venture outdoors, the setting is usually quiet.

* For people who want a home away from home atmosphere, an accommodation like this, especially if it is located in the country, is ideal. They can be away from their own residence yet still feel right at home.

* It provides an opportunity to get to know other guests staying at the lodge or B&B since there are fewer people. Guests often eat meals together, or take part in activities available in the area.

Some people also like going to an alternative type of accommodation in the country to enjoy the beauty of nature. They like the fresh air, and in many cases, the privacy these types of lodgings tend to provide. The fact that many bed and breakfasts offer great service even though they are cheaper than hotels is a big plus in their favour.

If you want to relax on holiday in a beautiful country setting, check out the bed & breakfast accommodations available at Sink Green Farm. Visit Sinkgreenfarm.co.uk to learn more.

Click here for videos showing Sink Green Farm

Sinkgreenfarm.co.uk

Four Russian stores hit with gas attacks

Monday, December 26, 2005

In Russia’s second largest city, St. Petersburg, four gas attacks left more than 70 people ill. Devices with wires, timers, and glass vials of a gas determined on scene to be methyl mercaptan were found in outlets of Makisdom, a home improvement chain store. The chemical is both naturally occurring and manufactured and is used as an oderant for detection of propane or natural gas leaks.

Store officials have said that they had received threats that sales would be disrupted before New Year’s. Russians traditionally give gifts on the holiday. Police officials said they believed a commercial dispute or a prank not terrorism.

The local emergency hospital was overflowed from the influx of ill people from the attacks. Valentina Matviyenko, Governer of St. Petersburg, said that those who sought medical help were not suffering any further medical problems.

A custodian at one of the stores found the devices and alerted police. The devices were found at another store with their vials broken. The devices in the two other stores were carried outside by employees and covered with buckets. The police explosives experts defused them.

  • Interfax. “Gas Attack in Russian Store Poisons Dozens of Shoppers, Workers” — Bloomberg, December 26, 2005
  • “Russia gas attack sickens scores; commercial dispute suspected” — Jerusalem Post, December 26, 2005
  • Irina Titova (ap). “Gas Attack at Russia Store Sickens Dozens” — Washington Post, December 26, 2005