Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 18 2012 // Commercial insurance prices in aggregate increased by nearly 5 percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for...
States Collecting on $146 Million AIG Workers’ Comp Settlement
Jun 18 2012 // State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’...
Study: Spinal Implant Loophole Costs Calif. Workers’ Comp $67M
Jun 18 2012 // Workers’ compensation medical costs in California were boosted by nearly $67.5 million in 2010 due to loophole in the law that allows double billing for surgical implants, according to a study released earlier this...
U.S. Insurers’ Reserves Redundant by $11.7B: Aon Benfield Study
Jun 18 2012 // Insurers’ reserves were redundant at year-end 2011 by $11.7 billion — or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of...
States Collecting on $146M AIG Workers’ Comp Settlement
Jun 18 2012 // State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’...
Navigating Construction Accident Litigation
Jun 18 2012 // Between 2006 and 2008, there were 7,461 claims involving falls resulting in $243 million-plus in reserves, according to Bradford S. Purcell, a partner at the Illinois-based law firm of Purcell & Wardrope. During that...
Reserves Redundant by $11.7B: Aon Study
Jun 18 2012 // Insurers’ reserves were redundant at year-end 2011 by $11.7 billion – or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of...
WIAA Adds State Fund to Workers’ Comp Portfolio
Jun 15 2012 // Rancho Cordova, Calif.-based WIAA Insurance Services, the agency arm of the Western Insurance Agents Association (WIAA), has expanded its carrier portfolio with the State Compensation Insurance Fund, of California’s...
Maryland Collects $2M Fine From AIG Workers’ Comp Dispute Settlement
Jun 15 2012 // The Maryland Insurance Administration said Thursday that regulators collected $2,022,805 in penalties from American International Group as part of a multi-state settlement.Insurance Commissioner Therese Goldsmith said that...
Upstate N.Y. Plant Hit With $233K in OSHA Fines
Jun 14 2012 // Federal workplace safety officials have hit a hair care manufacturer with fines of $233,000 for hazards at its upstate New York plant. The Occupational Safety and Health Administration says inspectors found 44 serious...
Fitch: Workers’ Compensation Weakest Segment; Combined Ratio Worst in 10 Years
Jun 14 2012 // Workers’ compensation, the largest commercial lines segment representing approximately 18 percent of commercial lines net written premiums in 2011, posted a statutory combined ratio of 117 percent in 2011, according...
Tennessee Court Rules on Workers’ Comp Statute of Limitations in Stress Case
Jun 13 2012 // A worker who witnessed the deaths of two co-workers but did not file a post-traumatic stress disorder claim until more than a year after the second death is still entitled to workers’ compensation benefits, the...
Safety Violations at Arkansas Chemical Plant Bring $122K in Fines
Jun 11 2012 // Serious safety violations at a chemical plant in Arkansas have resulted in a proposed $122,000 in fines for an Indiana company, federal regulators say. The U.S. Department of Labor’s Occupational Safety and Health...
Commercial Insurance Prices Continue to Rise: Towers Watson
Jun 11 2012 // Commercial insurance prices in aggregate increased by nearly five percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for...
AIG to Pay $15.6 M to Calif. for Underreporting Workers’ Comp Payments
Jun 8 2012 // American International Group Inc. will pay California $15.6 million in penalties to settle allegations that its insurance companies underreported workers’ compensation premiums over several decades. The sum is part...
Workers’ Comp Market Injured But Still Standing
Jun 8 2012 // Like the economy, the workers’ compensation market has suffered in recent years. Results for 2011 were no better than 2010. The good news: results for the workers’ comp market were not worse either. The...
U.S. Insurers’ Reserves Redundant by $11.7B: Aon Benfield Study
Jun 7 2012 // Insurers’ reserves were redundant at year-end 2011 by $11.7 billion – or 2 percent of total booked reserves – compared with $22.0 billion at the year-end of 2010, after the industry released $12.7 billion of...
Study: Spinal Implant Loophole Costs Calif. Workers’ Comp $67M
Jun 6 2012 // Workers’ compensation medical costs in California were boosted by nearly $67.5 million in 2010 due to loophole in the law that allows double billing for surgical implants, according to a study released on Wednesday...
Michigan-Based Firm Cited for Safety, Health Violations at Ohio Plant
Jun 6 2012 // Brown-Campbell Co. has been cited for 19 alleged safety and health violations at its facility in Maple Heights, Ohio, federal regulators announced. Proposed fines total $64,400. The U.S. Department of Labor’s...
Safety Violations at Arkansas Food Processor Brings $156.7K Fine
Jun 6 2012 // Alleged health and safety violations at an Arkansas food processing plant have resulted in a proposed $156,700 fine for the plant’s owner. The U.S. Department of Labor’s Occupational Safety and Health cited...
