Latest Talent Headlines
All the headlines from our Talent Topic Page, ordered by recency.
Fiat Agrees to Assume Chrysler’s Workers’ Compensation in Michigan
Jun 1 2009 // Michigan is dropping objections to the sale of Chrysler LLC after the buyer agreed to assume Chrysler’s workers’ compensation liabilities. The settlement announced last Friday averts a court fight. The state...
2 Kentucky Agents Sentenced for Workers’ Compensation Fraud
May 22 2009 // Two eastern Kentucky insurance agents and an agency employee have been ordered to pay fines, serve probationary sentences and perform public service work on their guilty pleas in a fraud case. The sentences were given to...
Personality, Good Time Management Are Key to Claims Success
May 22 2009 // With its acquisition in early 2009 of the international businesses of GAB Robins (excluding its UK operations) and the U.S. forensic engineering firm, EFI Global, Cunningham Lindsey became the second largest property...
Oklahoma Senate Approves Workers’ Compensation Judge Plan
May 21 2009 // Republicans have pushed another issue to a statewide vote to counter a gubernatorial veto – this time a plan to require Senate confirmation of Workers’ Compensation Court judges. The Oklahoma Senate gave final...
SeaBright to Reduce Expenses Via Executive Salary Cuts
May 18 2009 // Seattle-based SeaBright Insurance Holdings Inc., at management’s recommendation and reflective of the current recessionary economy and its negative effect upon earned premium, said it will reduce the base salary of...
Utah Workers’ Compensation Fund Distributes $10 Million Dividend
May 18 2009 // Utah’s Workers’ Compensation Fund has declared a $10 million dividend that will be distributed to a majority of policyholders in June. Policyholders can expect to receive 4.5 percent of their earned premium...
Michigan Objects to Chrysler-Fiat Deal Over Workers’ Compensation
May 18 2009 // Michigan is objecting to the sale of Chrysler LLC assets to Italian automaker Fiat, claiming the new company won’t meet obligations to a state workers’ compensation fund. State Attorney General Mike Cox has...
Florida Restores Cap on Workers’ Compensation Attorneys’ Fees
May 18 2009 // Florida has passed legislation to restore a cap on attorneys’ fees in workers’ compensation cases, a measure backed by the state’s insurance regulator. The bill (HB 903) effectively overturns a Florida...
How To Avoid Costly Hiring, Firing Mistakes in a Down Economy
May 18 2009 // With layoffs, downsizing and stressed-out employees, it is more important than ever for employers to fully grasp the legal aspects of hiring, managing and terminating workers. Hiring new employees is an important step for...
Workers’ Compensation Insurers Break Even in 2008
May 18 2009 // Recession Reduces Claims but Poor Investment Climate Frustrates Insurers The workers’ compensation insurance industry experienced a year of mostly solid results in 2008, according to Dennis Mealy, NCCI Holdings Inc....
Workers’ Compensation Group Trusts: E&O Friend or Foe?
May 18 2009 // Agents Advised to Know How Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: [A] group of...
A Practical Guide to Workers’ Compensation
May 18 2009 // Prepare Clients for Premium Audits by Knowing the ABCs of Audits Insurance agents and brokers are charged with many duties on behalf of their clients. One often neglected duty is working with insureds to prepare them for...
North Carolina Considers Cap on Workers’ Compensation for Retirees
May 12 2009 // The North Carolina House Insurance Committee has advanced a measure that would limit workers’ compensation payments to injured workers a few years after they become eligible for Social Security. The bill (HB 1022)...
North Carolina Agent Charged With Workers’ Compensation Fraud
May 8 2009 // A North Carolina insurance agent has been arrested, charged with twice failing to remit insurance premiums to the insurance company. North Carolina Commissioner Wayne Goodwin reported the arrest of Sherri Efrid, of...
Michigan Objects to Chrysler-Fiat Deal Over Workers’ Compensation Funds
May 7 2009 // Michigan is objecting to the sale of Chrysler LLC assets to Italian automaker Fiat, claiming the new company won’t meet obligations to a state workers’ compensation fund. State Attorney General Mike Cox filed...
50 Reasons Why Retail Agents Choose Managing General Agency Partners
May 4 2009 // As a large broker, this is decided based on relationships, successes, volumes, commissions levels, service. In other words we are dictated by volume. Service, service, service, markets, price, service. Personal...
Florida Restores Cap on Workers Compensation Attorneys’ Fees
May 4 2009 // The Florida Senate voted 22-16 to restore a cap on attorneys’ fees in workers’ compensation cases. The measure, backed by the state’s insurance regulator and previously passed by the House, 84-35, now...
Mercury General Reports Implements Salary Freeze, 7% Workforce Reduction
May 4 2009 // Mercury General reported net income in the first quarter 2009 was $96.7 million compared with net loss of $4 million for the same period in 2008. Included in net income are net realized investment gains, net of tax, of...
California Workers’ Compensation Insurance Rating Bureau Revises Rate Recommendation
Apr 24 2009 // The Workers’ Compensation Insurance Rating Bureau of California has revised its recommended pure premium rate increase of 24.4 percent downward to 23.7 percent. On March 27, 2009, the WCIRB submitted a pure premium...
Ohio Chiropractor Sentenced for Workers’ Compensation Fraud
Apr 21 2009 // A Cleveland, Ohio, chiropractor who has been under investigation by the Ohio Bureau of Workers’ Compensation’s (BWC) special investigations department (SID) has been sentenced after pleading guilty to...
