DynCorp Receives $26 Million Contract

DynCorp Receives $26 Million Contract

Even as the active American military presence in the Persian Gulf region seems to be winding down, DynCorp International received a major War Reserve Materiel (WRM) contract worth over $26 million. Most of the work will be performed in Kuwait, Oman, the United Arab Emirates, and Qatar. DynCorp has been doing WRM work since 2000, and the company outbid five …

Lawmakers Debate Workers’ Compensation Alternatives

Lawmakers Debate Workers’ Compensation Alternatives

Members of the House Insurance and Banking Subcommittee listened to a number of witnesses testify regarding the cost/benefit balance in the current workers’ compensation scheme. Committee Chairman Danny Burgess (R-Dade City) noted that, according to a recent survey, 66% of stakeholders felt that the current system does not strike the proper balance between employer and worker interests. “The purpose of …

Lawmakers Moving Forward With Workers’ Compensation Changes

Lawmakers Moving Forward With Workers’ Compensation Changes

In addition to a drug formulary that would theoretically control costs, a legislative panel recommended that the Florida workers’ compensation system adopts new medical treatment and authorization guidelines. A special three-member panel (which actually only has two members at present) of the Insurance Commission mulled a number of changes to the system during a recent meeting. The body’s chief responsibility …

Iraqi Shi’ites Threaten Violent Response to Proposed Embassy Move

Religious leader Muqtada al-Sadr, who also has ties to the anti-American Mahdi Army militia, recently said that moving the American embassy in Israel from Tel-Aviv to Jerusalem would be tantamount to a “declaration of war against Islam” that might lead to another jihad (holy war) against the United States. His statement prompted immediate concerns for the safety of the sprawling …

Military Contractors Brace for Government Spending Cuts

Military Contractors Brace for Government Spending Cuts

Despite talk of a military buildup, the Trump administration may severely limit funds available for private military contractors. That is according to the most recent Vision Federal Market Forecast, which is based on interviews with government officials, financial analysts, and policy experts. Since much of the work was done prior to the November election, the results are not necessarily specific …