Industry Leaders On the Challenges Ahead for Century-Old System This year marks the 100th anniversary of the workers’ compensation system in the U.S., as explained by Christopher J. Boggs, director of Education with Insurance Journal’s Academy of Insurance, on page …
Looking out into the future, the National Council on Compensation Insurance (NCCI) has identified a number of issues that industry stakeholders are watching closely, including: Growing Healthcare Costs: General healthcare costs are growing as a share of U.S. GDP, and …
Pirates of the 18th century and a 19th century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern U.S. workers’ compensation system owes parts of its existence …
CEO Eslick Shares Lessons Learned in Assembling Marsh & McLennan Agency In a little over a year, mega-broker Marsh & McLennan quickly assembled one of the largest independent agencies in the nation, entirely through acquisitions. That entity, Marsh & McLennan …
Legislators in Montana are making workers’ compensation reform a priority in 2011, having introduced three bills aimed at lowering rates: House Bill 87 would cap the amount that doctors and those in the health care profession could charge for workers’ …
The California State Compensation Insurance Fund is likely to face challenges of medical cost increases and the risk of eroding workers’ compensation reforms in the next year. Yet outgoing board chairwoman Jeanne Cain believes the State Fund is in good …
The Farmers Insurance Exchange agreed to pay $700 million for the naming rights to the proposed downtown Los Angeles football stadium and event center, a deal backers say is a big step towards attracting an NFL team to the city. …
Close early and close quickly. For brokers advising their clients on how to control their workers’ compensation costs, this axiom is a prime directive. There are a host of reasons why this does not always happen. As a recent study …
Allstate Exits Banking “Allstate Financial has refocused on insurance, retirement and investment products. That, combined with the changing regulatory environment, led us to the determination that operating Allstate Bank is no longer core to our long-term strategy.” —Matthew Winter, president …
Liens are “choking” California’s workers’ compensation system, with employers and insurers spending roughly $200 million per year in the state on loss adjustment expense to handle medical liens claims, a new report indicates. In the Golden State’s workers’ compensation system, …
