Monthly Archives: <span>December 2018</span>

WCRI: Texas Workers’ Comp Medical Costs Per Claim Decreased Since 2014

Medical payments per workers’ compensation claim in Texas decreased from 2014 to 2016 for claims with more than seven days of lost time, evaluated as of 2017, according to a recent study by the Workers Compensation Research Institute (WCRI). This …

Texas Water Board: Cost to Curb Flooding over 10 Years – $31.5B

The cost to curtail damaging flooding across Texas over the next 10 years is more than $31.5 billion and state officials are urging lawmakers to adopt legislation meant to end a cycle of “repairing and rebuilding,” according to a series …

The Race to Recovery: The Alaska Earthquake of Nov 30, 2018

This post is part of a series of sponsored by CoreLogic. A magnitude (M) 7.0 earthquake struck north of Anchorage, Alaska, on November 30, 2018. Located along the Ring of Fire which sees 81% of the world’s largest earthquakes, Alaska …

Commercial Lines Insurance Prices Up Slightly in 3Q 2018 Over 2017

Commercial insurance prices in the U.S. increased by more than two percent in the third quarter of 2018, according to the Willis Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS). The survey compared prices charged on policies written during the …

Oregon Suit Says Burning Homeless Camp Damaged Lawyer’s Home, Office

A Portland, Ore. lawyer whose home and business were seriously damaged when a fire started at a homeless camp has filed a $541,000 lawsuit against the city. Raylynna Peterson’s lawsuit filed last week says the city forced campers to move …

Damage from Massive Alaska Earthquake Evident at Military Base

Last week’s magnitude 7.0 earthquake near Anchorage caused multiple problems at the sprawling Joint Base Elmendorf-Richardson, including damage to steel frameworks, ceilings, and sprinkler and heating systems, military officials said Friday. But as with the rest of the earthquake zone, …

Probe into Student Death Finds California School Violated Rules

An investigation into a 13-year-old student’s death at a Northern California private school has found the school violated state rules when its staff put him in a face-down restraint position for nearly an hour. State education regulators found evidence that …

Chiropractor in California Pleads Guilty in $150M Workers’ Comp Fraud Scheme

A Los Angeles, Calif. chiropractor has pleaded guilty to taking part in a $150 million workers’ compensation fraud scheme. Paul Turley of Granada Hills pleaded last week to conspiracy to commit insurance fraud, mayhem, insurance fraud and unlawful patient referral …

A.M. Best Sees Private Passenger Auto Turnaround, Stable Outlook for 2019

Ratings analysts at A.M. Best said improved underwriting performance in the private passenger auto line of business, lower—albeit still elevated— catastrophe experience and favorable investment returns have convinced them to maintaining a stable market segment outlook for the personal lines …

How to Deliver Restaurants from Risks of Take-Out Boom

With a growing number of apps and on-demand services, millennials in particular are increasingly ordering take-out food from their favorite restaurants. As more restaurants expand services into delivery, risk managers must be mindful about vehicle exposures and aggressively manage not …