workers’ compensaton News

Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings

The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two recent Supreme Court rulings …

Florida Awaiting Final Workers’ Comp Rate Decision

The rate impact of recent Florida Supreme Court rulings on the state’s workers’ compensation system is currently in the hands of regulators, as the Office of Insurance Regulation (OIR) decides on the National Council on Compensation Insurance’s (NCCI) filing seeking …

NCCI Proposes Nearly 20% Florida Workers Comp Rate Increase

The Florida Office of Insurance Regulation (OIR) announced July 1 that the National Council on Compensation Insurance (NCCI) filed an amended rate filing to address a third legal change affecting Florida’s workers’ compensation system. This amended filing increases NCCI’s initial …

Florida Supreme Court Strikes Down State Cap on Temporary Disability Benefits

The Florida Supreme Court has delivered another blow to Florida’s workers’ compensation system with a ruling today that the state’s statutory 104-week cap on temporary disability benefits is unconstitutional. The Florida Supreme Court ruled 5-2 in favor of the of …

Maryland’s IWIF to Convert to Private, Not-for-Profit Insurer on Oct. 1

On Oct. 1, IWIF, Maryland’s largest provider of workers’ compensation insurance, will launch a new name and corporate structure as a private, not-for-profit company. As a result of legislation passed by the Maryland General Assembly in 2012, IWIF will become …

Florida Judge: 104-Week Limit on Temporary Disability Benefits Unconstitutional

A Florida district court judge’s ruling that declared unconstitutional a 104-week limitation on injured workers’ temporary benefits has left insurers and employers scrambling to come up with a legislative solution as the state’s 60-day legislative session began this week. The …

Virginia Approves Changes to Workers’ Comp Premium Levels

Virginia’s State Corporation Commission (SCC) announced on Jan. 8 that the commission has approved revisions to the premium levels charged for the state’s workers’ compensation insurance. The National Council on Compensation Insurance (NCCI) sought the revisions. The changes approved by …

R-T to Acquire Workers’ Comp Wholesaler IFIS in California

R-T Specialty LLC entered into a definitive agreement to acquire West Coast workers’ compensation specialist International Facilities Insurance Services. Chicago, Ill.-based  R-T is the brokerage arm of Ryan Specialty Group LLC. Los Angeles, Calif.-based IFIS will become part of RT …

Missouri Republicans to Tackle Workers’ Compensation

Nearly two dozen years after Monroe Gunter retired from a long career at a Missouri power company, he was diagnosed with a rare form of cancer often caused by exposure to asbestos. Gunter sued his former employer, claiming its negligence …

Deal Reached on Change to N.C. Workers’ Comp Law

Legislators say they don’t expect any obstacles when they consider a bill allowing workers to make sure their employers carry workers’ compensation insurance on them. The News & Observer of Raleigh reported officials from three interested groups agreed to undo …