Permanently disabled workers in California’s workers’ compensation system have historically faced poor return-to-work rates and high levels of lost earnings after a disabling injury, a new study has found. In fact, workers’ compensation benefits, despite imposing high costs on California’s …
California Insurance Commissioner Dave Jones has signed an emergency order to enforce the medical loss ratio. The MLR rules require insurers to annually disclose the percentage of premium revenue spent on reimbursement for clinical services and activities that improve health …
2011 Exposures “Exposures will continue the growth we saw in the second half of 2010 as the economy continues its recovery, implying increases in insurance premium volume. Still, the low interest rate climate, which will likely persist throughout 2011, will …
$6.8 Billion A decline in both real and nominal GDP, a rising unemployment rate and decreasing tort activity as a result of a lower level of economic activity helped drive tort costs down by 2.7 percent, or $6.8 billion, according …
What Agents & Brokers Need to Know One of the most important services a broker provides its customers is workers’ compensation claims review. Successful resolution and prompt closure of workers’ compensation claims have a direct impact on experience modifications and …
A Montana lawmaker has proposed reducing the cost of state workers’ compensation insurance by prohibiting illegal immigrant workers from collecting benefits when they are injured. House Bill 71, sponsored by Rep. Gordon Vance, R-Bozeman, would require the insurer to develop …
In their zeal to control health care costs, federal and state policymakers may be pushing health insurance agents and brokers to the sidelines and potentially out of business. If this happens, they will be shortchanging the consumers who rely on …
Marsh appointed Jill Sulkes as head of its U.S. Financial Institutions Practice. Sulkes has more than 15 years of experience in risk management for financial institutions, most recently as a managing director in Marsh’s financial and professional liability (FINPRO) practice. …
Despite multiple changes in general liability forms, redefined offenses, and the addition of exclusions, there are still instances in which coverage for patent infringement may exist. Under the standard commercial general liability policy, the coverage is provided in two sections. …
Washington Gov. Chris Gregoire has proposed several changes to the state’s workers’ compensation system to help the state out of the recession and support the vitality of businesses. She estimates the proposed changes would save the workers’ compensation system $720 …
