Workers Compensation News

New York Workers’ Compensation Loss Costs Going Up 9.3%

New York has approved a 9.3 percent average hike in workers’ compensation loss costs. The new benchmarks will go into effect Oct. 1. New York businesses, while not pleased, see the hike as necessary in order to keep the insurance …

Judge Tells Washington Woman to Repay $25K in Workers’ Comp Scam

A Washington woman injured in a robbery at her workplace pleaded guilty this week to felony theft. Yurizan Cuevas, 33, of Federal Way, reportedly worked full time as a nanny while claiming she was too disabled to work Cuevas was …

WorkCompCentral Founder DePaolo Remembered as ‘Innovative Thinker’

The founder of WorkCompCentral died on Sunday in a motorcycle crash, according to employees reporting on the website. David DePaolo, 56, was reportedly in the Santa Monica Mountains near Malibu Hills, Calif. in the afternoon when he hit an embankment, …

Workers’ Comp Line Achieves ‘Significant’ Profit in 2015: Fitch

The U.S. workers’ compensation insurance market achieved a “significant” underwriting profit in 2015, but trends call into question whether such a result can be repeated, Fitch Ratings concluded in a new report. For 2015, the workers’ compensation combined ratio came …

Construction Firm Sentence for New York Worker’s Death: Pay for Public Announcements

A construction company convicted in the death of a worker in a New York trench collapse has been sentenced to fund a series of worker safety public service announcements. But an attorney for Harco Construction LLC told a judge Wednesday …

Massachusetts Man Indicted for ‘Working While Collecting’ Under Workers’ Comp

A Milford, Massachusetts man has been indicted on larceny and workers’ compensation fraud charges in connection with allegedly collecting more than $18,000 in disability benefits while he continued to work, according to the office of Attorney General Maura Healey. Kenneth …

BrickStreet Buys Workers Compensation Business from Pennsylvania’s HM Insurance

BrickStreet Mutual Insurance said it finalized an agreement to acquire the workers’ compensation block of business from Pittsburgh-based HM Insurance Group (HM), a Highmark company. The purchase involves workers’ compensation policies and accounts for approximately $120 million in premium, according …

Marsh: Industry Must Adapt to Meet Changing Terrorist Threats

The federal terrorism reinsurance program in 2015 has helped maintain certainty and stability for the U.S. market even as the nature of terrorist acts has changed, according to global insurance broker Marsh in its latest report. However must continue to …

Washington Doctor Charged with Stealing $359K In Disability, Unemployment Funds

A Washington physician faces charges in connection with insurance fraud following an investigation by the Washington Department of Insurance. Dr. Jian Xu, 59, faces felony charges in King County Superior Court of first-degree theft, filing a false insurance claim and forgery. …

California State Fund Files for Workers’ Comp Rate Decrease

The State Compensation Insurance Fund is seeking to cut its workers’ compensation rates, per a recent filing with the California Department of Insurance. The rate filing also includes an overall 9.5 percent rate reduction due to improvements in State Fund’s …