Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
Montana State Fund Says Workers’ Comp Rates to Drop Next Year
May 12 2008 // The Montana State Fund is cutting workers’ compensation insurance rates by an average of 3 percent next year, the agency’s board said. This is the second year in a row the State Fund, a semiprivate branch of...
Eastern Insurance Reports Improved Workers’ Comp Results
May 9 2008 // Eastern Insurance Holdings, Inc., based in Lancaster, Pa., reported net income of $2.6 million for the first quarter of 2008, compared to net income of $3.2 million for the same period in 2007. The company said highlights...
New York Agents Want to Rein in State Workers’ Comp Insurer
May 9 2008 // A trade group for New York insurance agents wants to rewrite the laws governing the New York State Insurance Fund – a nonprofit state agency which is New York’s largest workers’ compensation insurer...
AIG Posts Big Loss Due to Mortgage Woes; Insurance Results Decline, Too
May 8 2008 // The world’s biggest insurance company, American International Group Inc. (AIG), posted a big quarterly loss — $7.81 billion — largely due to write-downs related to bad mortgage investments. AIG blamed much of the...
Texas Home Builders Workers’ Comp Group Dividend Approaches $60K
May 7 2008 // Hotchkiss Insurance Agency LLC and Texas Mutual Insurance Company announced a $59,360.36 dividend to the Texas Home Builders Workers’ Comp (THB-WC) purchasing group. Formed in September 2005 the group is exclusive to...
California Discussing Sale of State Workers’ Compensation Insurer
May 7 2008 // Rumors that California is considering selling the State Compensation Insurance Fund to help close the state budget gap are true, but government officials said the idea has amounted to no more than discussion at this...
CRM First Quarter Reflects Self-Insured Group Closings in N.Y.
May 7 2008 // Workers’ compensation insurance firm CRM Holdings, Ltd. reported that net income increased 71.7% to $5.0 million, from $2.9 million a year ago, but fee income plummeted due in part to the closing of CRM’s...
Ohio Agency Reviews Court Decision Affecting Thousands of Workers
May 6 2008 // The state insurance fund for injured workers is trying to figure out the impact of a court ruling that in theory could allow hundreds of thousands of previously settled injured workers claims to be reopened. Late last...
Survey: Small Businesses Don’t Understand Their Dollars Spent on Workers’ Comp
May 6 2008 // Too many small business decision-makers appear to be spending money on workers’ compensation insurance coverage without understanding how workers’ compensation insurance works, what they get for their premium...
Reversal in Decision for Pork Plant Workers Denied Workers’ Comp
May 5 2008 // Several employees at the Quality Pork Processors plant in Austin, Minn., who were initially denied workers’ compensation for a mysterious neurological illness will be paid after all, attorneys said. At least 18...
People
May 5 2008 // Patrick G. Ryan, founder and executive chairman Aon Corp., said he intends to retire Aug. 1, 2008. Ryan said the firm’s transition to a new management team under CEO Greg Case is complete. Ryan founded Aon, which has...
Mass. Cuts Workers’ Comp Rates By 1%
May 5 2008 // The Patrick Administration announced an agreement in the 2008 workers’ compensation rate-setting proceeding that will save Massachusetts businesses $11 million. The new rates average to a 1 percent reduction per...
New York: Workers’ Comp Insurers Can Stop Security Fund Payments
May 2 2008 // Workers’ compensation insurers in New York can cease making payments into the state’s security fund for that coverage, now that the fund has amassed at least $74 million in assets, the Insurance Department...
Texas Lawmakers Hear Testimony on Injured Worker Ruling
Apr 30 2008 // Relatives of those killed in a 2005 BP plant explosion and other industrial accident victims are urging the Legislature to undo a Texas Supreme Court ruling in a high-profile workplace injury case. “If no one is held...
West Virginia Lawmaker Says State Should Pay Firefighters’ Workers’ Comp
Apr 29 2008 // With the prospect of rising insurance premiums, some of West Virginia’s 424 volunteer fire departments say they’re worried about staying in the black. That’s why Delegate Margaret Staggers, D-Fayette,...
National Group Says Iowa Legislature Ends on Mixed Note for Insurers
Apr 29 2008 // The 2008 Iowa legislative session ended with mixed results for the insurance industry, according to the American Insurance Association (AIA). “Iowa’s Legislature was highly active on insurance issues this year...
Reversal Decision for Pork Plant Workers Denied Workers’ Comp
Apr 24 2008 // Several employees at the Quality Pork Processors plant in Austin, Minnesota who were initially denied workers compensation for a mysterious neurological illness will be paid after all, attorneys said. At least 18 workers...
Agent Charged for Defrauding Businesses $2.5 Million-Plus
Apr 24 2008 // An insurance agent was arrested in California for defrauding 18 business owners by stealing more than $2.5 million in money they had paid him to take out insurance policies for their businesses, the California Department...
Zenith National Insurance Reports $41.9 Million Q1 income
Apr 24 2008 // Woodland Hills, Calif.-based Zenith National Insurance Corp. (NYSE: ZNT) reported net income for the first quarter 2008 of $41.9 million, or $1.12 per share, compared to net income for the first quarter 2007 of $64.5...
Workers’ Compensation Rates Continue to Decline in Arkansas
Apr 24 2008 // Arkansas Insurance Commissioner Julie Benafield Bowman announced a decrease in workers’ compensation rates effective July 1, 2008. Since the passage of an all-encompassing workers’ compensation legislative...
