Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
Insurers to Curb Agency Compensation in 2010, Ward Group Study Finds
Jan 24 2010 // Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes. Four out of 10 insurance companies plan to modify their agent compensation plans...
Michigan Workers’ Compensation Claim Costs Among Lowest, Most Stable
Jan 21 2010 // Workers’ compensation total costs per claim in Michigan are among the lowest of 15 states, and the growth of these costs in Michigan over time has been more stable than in most other study states, according to a new...
Older Employees Lower Indemnity Costs for Workers’ Compensation
Jan 19 2010 // Workers 65 years old and older tend to have lower indemnity costs for workers’ compensation than do younger workers, largely because of their lower weekly wages. That information from a new industry study could be...
West Virginia Workers Compensation Insurer BrickStreet Approved in Illinois
Jan 15 2010 // West Virginia-based BrickStreet Mutual Insurance said it has been approved to begin writing workers’ compensation insurance in Illinois. The move continues an expansion drive for the company, which was approved to...
Practice Patterns of Workers’ Compensation Doctors Affect Costs
Jan 12 2010 // Analyzing physicians’ practice patterns may hold valuable clues about how to curb the nation’s rising health care costs, according to researchers at the Johns Hopkins University School of Medicine. According to...
Lockton Promotes Hall as Managing Director for Cargo
Jan 11 2010 // Lockton has promoted Peter Hall to the role of Managing Director of its 16-strong Cargo practice. His appointment “is recognition of his 20 years’ experience servicing clients in the global cargo insurance...
Insurers to Curb Agency Compensation in 2010, Consultant Study Finds
Jan 7 2010 // Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan...
Job Bias Charges Jumped in 2009
Jan 7 2010 // Workplace discrimination charges rose in 2009, reaching the second highest level ever recorded, according to federal officials. The U.S. Equal Employment Opportunity Commission reports that 93,277 workplace discrimination...
Study: Narcotic Drugs Major Cost in Workers’ Compensation Claims
Dec 29 2009 // When it comes to workers’ compensation prescription costs, narcotic drugs account for nearly one quarter of the cost, according to a new industry study. Despite the serious risks associated with narcotics usage, some...
Increasing Benefits Lengthens Workers’ Compensation Claim Duration: Study
Dec 20 2009 // States that increase the maximum weekly benefit for workers compensation can expect to see injured workers with temporary total disability making claims for longer, almost a week longer, according to a new study released...
Louisiana Workers’ Compensation Corporation Declares $15M Dividend
Dec 17 2009 // The Board of Directors of Louisiana Workers’ Compensation Corporation (LWCC) has declared a 2009 dividend of $15 million, to be paid to qualifying policyholders in early 2010 upon authorization by the Louisiana...
Health Care Reform To Have Major Impact on Workers’ Compensation
Dec 16 2009 // Workers’ compensation insurers and actuaries need to prepare for upcoming changes arising from proposed healthcare reform and the shifting medical landscape, attendees of the Casualty Actuarial Society (CAS) annual...
Mass. Court: Teacher On School Ski Trip Due Workers’ Compensation
Dec 14 2009 // A Massachusetts teacher injured while voluntarily chaperoning students on a ski trip is entitled to workers compensation benefits, the state’s highest court has ruled. On a Peabody High School ski club trip, Karen...
New York Officials Sue Workers’ Compensation Trust Manager CRM
Dec 11 2009 // Insurance administrator CRM Holdings is being sued for $405 million by New York’s workers compensation board and faces a separate $150 million lawsuit by the state attorney general over its alleged fraud in the...
More Injuries on Public Than Private Sector Jobs in Virginia
Dec 10 2009 // New numbers show more workplace injuries and illnesses were reported in Virginia from those in government jobs than in the private sector in 2008. According to a Virginia Department of Labor and Industry report, 97,900...
Washington Rates Workers’ Compensation Rate
Dec 2 2009 // Workers’ compensation rates in the state of Washington will climb by an average of 7.6 percent next year under changes adopted by state officials. State Labor and Industries Director Judy Schurke (SHUR’-key)...
Change to Tennessee Workers’ Compensation Mandate in Doubt
Nov 25 2009 // A special legislative session to reconsider a pending change to workers’ compensation insurance requirements in Tennessee should only take place if there’s a consensus among lawmakers, Gov. Phil Bredesen...
It’s Time to Review Essential Procedures for Managing E&O
Nov 15 2009 // Systems, Checklists, Guidelines, Manuals Among Tools Useful in Reducing Agency Errors I have been an insurance broker since 1974. However, my principal occupation is attorney, practicing in insurance law. I have had many...
Montana Courts Uphold Workers’ Compensation Cutoff Age
Nov 15 2009 // The Montana Supreme Court has upheld a state law that allows insurance companies to cut off workers’ compensation payments for those suffering permanent total disability when the disabled party is of retirement...
California State Compensation Insurance Fund Names Interim CEO
Nov 15 2009 // The board of directors of California’s State Compensation Insurance Fund (SCIF) appointed Doug Stewart, chief risk officer, as president and CEO on an interim basis, replacing outgoing CEO Janet D. Frank. “The...
