Workers Compensation News

What’s Ahead in Health Care Workers’ Compensation?

For the 2017 accident year, health care systems will face a complex environment of emerging risks that will have a direct impact on workers’ compensation, according to analysts at Aon Global Risk Consulting. The risk consulting business recently released its …

Workers’ Compensation for PEOs and Their Employees

Professional employer organizations (PEOs) began their rise after the adoption of the Tax Equity and Fiscal Responsibility Act of 1982 cleared a path for the creation and expansion of such entities. Between 780 and 980 professional employer organizations operate across …

Could Trouble with Comp Products from Berkshire Affiliates Land in Brokers’ Laps?

Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with liability issues that may not be covered by their professional …

Report Details Drug Dispensing in California Workers’ Comp

California’s Workers’ Compensation Insurance Rating Bureau has issued a report that shows the share of drug payments made directly to dispensing physicians compared with pharmacies fell by 20 percent over three years. The report, “Patterns of Drug Dispensing in California …

Oregon’s SAIF Announces $140M in Dividends to Workers’ Comp Policyholders

The Oregon SAIF board of directors has decided to give workers’ compensation policyholders two dividends this year totaling $140 million. One dividend is based on premium, and the another is tied to safety performance. The board declared a $120 million …

Workers’ Compensation Market Enters Soft Market: A.M. Best

The workers’ compensation market has likely entered a soft market phase based on a declining trend in price increases that began in 2013, according to a new report from A.M. Best. The report titled, “State Funds’ Net Premiums Written Increased …

Argentina Looks to Lower Workplace Injury Costs

Argentina is preparing a new workplace injury law as it seeks to reduce costs for companies, some of which spend as much as 20 percent of their labor budget on insurance, said Cabinet Secretary Mario Quintana. The bill will prevent …

Berkshire Accused of Stealing Workers’ Comp Premiums in Manhattan Lawsuit

New York City-based Breakaway Courier Corp. has filed a lawsuit against Omaha, Neb.-based Berkshire Hathaway Inc. for an alleged illegal scheme to steal workers’ compensation premiums. A complaint against Berkshire Hathaway was filed with the state supreme court in Manhattan …

AIA Backs California Bill Changing Workers’ Comp Filing Requirements

The American Insurance Association is asking California Gov. Jerry Brown to sign into law a bill that would exempt large employers from waiting for insurance commissioner approval of ancillary agreements that are part of high-deductible workers’ compensation policies. Assembly Bill …

California Workers’ Comp Bureau Lowers Rate Filing with Eye on Bills

The governing committee of California’s Workers’ Compensation Insurance Rating Bureau on Wednesday approved an amended, and reduced, rate filing for Jan. 1, 2017 workers’ compensation rates. It did so based on the hope that California Gov. Jerry Brown signs two …