workers’ compensation News

Report Shows California Workers’ Comp Written Premium up in 2016

California’s Workers’ Compensation Insurance Rating Bureau has completed its report on statewide workers’ comp insurer loss and premium experience through Dec. 31, 2016. The major findings of the WCIRB report include: California written premium for 2016 was roughly $18.1 billion, …

California Workers’ Comp Board Submits Lower Filing than Industry Average

The Workers’ Compensation Insurance Rating Bureau on Tuesday submitted a July 1 Pure Premium Rate Filing to the California Department of Insurance proposing advisory pure premium rates that average $2.02 per $100 of payroll. The move follows a vote by …

Owners of California Hotel Cleaning Firm Plead Guilty to Workers’ Comp Fraud

The owners of a cleaning company serving luxury hotels in Southern California and Nevada have pleaded guilty in connection with a nearly $7 million insurance and tax scam. The San Diego Union-Tribune reported Hyok “Steven” Kwon and his wife, Woo …

Hanover Stone Practice Aims to Control Workers’ Comp Costs

Hanover Stone Partners, a risk management services firm, has established a dedicated, national practice group to help employers manage workers’ compensation costs. Barry E. Thompson, who has more than 30 years of experience in all areas of workers’ compensation cost …

California Worker’s Comp Governing Committee Votes for Lower Mid-Year Filing

The insurer and public members of the Workers’ Compensation Rating Bureau Governing Committee have voted to authorize the Governing Committee to submit a lower mid-year pure premium rate filing to the California Department of Insurance. The filing will propose a …

Report: Workers’ Comp Claims, Costs Continue Downward Trend in Minnesota

The number of paid workers’ compensation claims fell 53 percent relative to the number of full-time-equivalent (FTE) employees from 1997 to 2015, according to the Department of Labor and Industry’s 2015 Minnesota Workers’ Compensation System Report. The DLI said the …

Boiler Explodes at St. Louis Box Company; 3 Dead, 4 Injured

An explosion launched a van-sized boiler through the roof a St. Louis box company and slammed much of it down onto a laundry business across the street on April 3, killing three people and injuring four others, authorities said. One …

California State Fund 2016 Report Shows 128K Policies Written

The California State Compensation Insurance Fund’s 2016 annual report shows a net income of $192 million in 2016. Other important highlights from the newly released report include: 128,000 policies written in 2016. Earned net premiums of $1.5 billion. Policyholders’ surplus …

Alaska Workers’ Comp Reform Has Labor, Businesses Disagreeing

Alaska Gov. Bill Walker is sponsoring workers’ compensation legislation aimed at making it easier to determine whether someone is an employee or an independent contractor. Walker’s bill creates a new definition for independent contractors to determine if employers have to …

Vermont Lawmakers Say Businesses Should See $28M Reduction in Expenses

Vermont businesses should see a $28 million reduction in expenses this year from lower workers’ compensation and unemployment insurance costs. Democratic House Speaker Mitzi Johnson tells the Rutland Herald the state Department of Labor projected there will be a $76 million …