It Figures
$10,000
The amount a Buna, Texas, man earned as a contractor in Iraq while at the same time collecting workers’ compensation benefits from Texas Mutual Insurance Company as a result of a job-related injury. Buna was found guilty of workers’ comp fraud-related charges by the 331st Travis County District Court and ordered to repay Texas Mutual $19, 945. He also must serve five years’ deferred adjudication, the insurance company said. Brooks had claimed he was injured on the job at Boiler Services Inc., a Beaumont-based company that specializes in construction and maintenance at refineries and petrochemical plants.
$3.6 Million
A federal jury awarded an Elk Ci$10,000
The amount a Buna, Texas, man earned as a contractor in Iraq while at the same time collecting workers’ compensation benefits from Texas Mutual Insurance Company as a result of a job-related injury. Buna was found guilty of workers’ comp fraud-related charges by the 331st Travis County District Court and ordered to repay Texas Mutual $19, 945. He also must serve five years’ deferred adjudication, the insurance company said. Brooks had claimed he was injured on the job at Boiler Services Inc., a Beaumont-based company that specializes in construction and maintenance at refineries and petrochemical plants.
$3.6 Million
A federal jury awarded an Elk City, Okla., couple $3.6 million in damages as a result of the husband’s injury in an oil-field accident last summer. Juan and Veronica Lara sued Grey Wolf Drilling Co. after a pipe fell on Juan Lara’s head July 4 at a Roger Mills County oil rig operated by the Houston-based company. The parties agreed Grey Wolf was responsible for the accident, but it was up to a federal jury in Oklahoma City to decide on damages. Lara’s attorney, Howard Berry III, said Lara suffered a brain injury and vision loss in the accident and probably won’t be able to work again. AP.
2%
Insurance rates for marine coverages dropped 2 percent in the third quarter 2007, according to the WaveLine Survey, an online survey sponsored by LIG Marine Managers. The survey compiles responses from marine and longshore agents, brokers and carriers in the United States and London. The third quarter drop in rates comes on the heels of a 2.5 percent decrease in the second quarter 2007, LIG reports. Geographically, the results range from an average decrease of 0.9 percent in the northeast U.S to 3.5 percent in the Gulf/South. Rates for every class of business fell in the third quarter, the survey reported. Rate decreases ranging from modest reductions in MEL at 0.2 percent to larger decreases in cargo at 5.6 percent, were noted. This is the second quarter that cargo has led in rate decreases. In the second quarter 2007, cargo showed a 5 percent reduction in rates.ty, Okla., couple $3.6 million in damages as a result of the husband’s injury in an oil-field accident last summer. Juan and Veronica Lara sued Grey Wolf Drilling Co. after a pipe fell on Juan Lara’s head July 4 at a Roger Mills County oil rig operated by the Houston-based company. The parties agreed Grey Wolf was responsible for the accident, but it was up to a federal jury in Oklahoma City to decide on damages. Lara’s attorney, Howard Berry III, said Lara suffered a brain injury and vision loss in the accident and probably won’t be able to work again. AP.
2%
Insurance rates for marine coverages dropped 2 percent in the third quarter 2007, according to the WaveLine Survey, an online survey sponsored by LIG Marine Managers. The survey compiles responses from marine and longshore agents, brokers and carriers in the United States and London. The third quarter drop in rates comes on the heels of a 2.5 percent decrease in the second quarter 2007, LIG reports. Geographically, the results range from an average decrease of 0.9 percent in the northeast U.S to 3.5 percent in the Gulf/South. Rates for every class of business fell in the third quarter, the survey reported. Rate decreases ranging from modest reductions in MEL at 0.2 percent to larger decreases in cargo at 5.6 percent, were noted. This is the second quarter that cargo has led in rate decreases. In the second quarter 2007, cargo showed a 5 percent reduction in rates.