Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
Meadowbrook/TPA Distributes $4 Million to Mass. Workers’ Comp Self-Insured Groups
Jan 22 2004 // Meadowbrook/TPA Associates, a third-party administrator of self-insured workers’ compensation programs, announced that it is distributing $4,023,874 in dividends to 520 Massachusetts businesses who are members of the...
Fla. Workers’ Comp Market In Need of Time to Recuperate
Jan 21 2004 // Although the Florida workers’ compensation market is still under stress, and the Florida Workers’ Compensation Joint Underwriting Association (FWCJUA) prepares to post hefty deficits, observers are confident...
WCRI Study Reports Pa. Workers’ Comp Costs Per Claim Continue Upward Trend
Jan 21 2004 // Workers’ compensation costs per claim in Pennsylvania continue to grow, according to a new study by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass-based WCRI found that costs per...
Calif. Workers’ Comp Costs Per Claim Continue Rapid Growth
Jan 21 2004 // California workers’ compensation costs per claim in California continue to grow rapidly, increasing 15 percent from 2000 through 2001 (as of 2002) and are accelerating, according to a new study from the Cambridge,...
Captives Don’t Belong in Ga. Guaranty Fund
Jan 16 2004 // A Georgia House bill requiring captive insurance companies that write workers’ compensation coverage to be covered under state guaranty fund laws will reportedly do nothing to identify or correct their financial...
Companion P&C to Provide Workers’ Comp in Arkansas
Jan 15 2004 // Companion Property & Casualty Insurance Group announced that the National Council on Compensation Insurance (NCCI) has awarded the company one of the servicing carrier contracts for the Arkansas Workers’...
Westfield Names New Comp Exec
Jan 15 2004 // Ohio-based regional insurer Westfield Insurance has named Richard A. Gajda executive of special risk/workers’ compensation, the company said in a statement. His responsibilities include managing the overall results...
St. Louis MGA Acquired by BISYS
Jan 14 2004 // New York City-based commercial lines wholesaler BISYS has acquired St. Louis-based Uhlemeyer Services Inc., a managing general agency that specializes in workers’ compensation. BISYS said the acquisition complements...
CALIF. FUND SEEKS RATE DECREASE
Jan 12 2004 // State Compensation Insurance Fund—California’s largest workers’ compensation insurance carrier—has filed for an average 2.9 percent rate decrease effective Jan. 1, 2004. The decrease is within the range...
CALIF. SEES REDUCTIONS IN WC RATE FILINGS
Jan 12 2004 // Insurance Commissioner John Garamendi announced that workers’ compensation pure premium rates filed by insurers to date are below current rates by an average 3.6 percent, a “clear sign” that the historic...
Midwest Comp Market: Proceed With Caution
Jan 12 2004 // The workers’ compensation segment in Midwestern states is not immune to the broad trends in the line nationally — including poor combined ratios, escalating medical costs and severe underreserving — but no...
Georgia Commissioner Has State on the Right Track
Jan 12 2004 // Georgia Insurance Commissioner John Oxendine has seen a number of changes in his department in his nine years in office. With three years left to serve, Oxendine hopes to see even more improvement as the department reaches...
Workers’ Comp
Jan 12 2004 // Nuts & Bolts: AmTrust North America is offering a workers’ compensation market. Dollars: Minimum premium of $500. No deductibles. Carrier: Rated “A-.” Technology Insurance Co., Rochdale Insurance Co....
Fla. Goes on Offensive to Fight Fraud
Jan 12 2004 // Florida is like many other states when it comes to insurance fraud — it recognizes the problem and is doing something about it. Recently, Chief Financial Officer Tom Gallagher and Bob Neumann, director of the Division of...
TEXAS WC COMMITTEE CHOSEN:
Jan 12 2004 // Texas Lt. Governor David Dewhurst has formed the Senate Select Committee on Workers’ Compensation to work on solutions to what he called a developing crisis in workers’ comp. Senator Todd Staples was appointed...
Wash. L&I Adopts 9.8 Percent Rate Increase for 2004
Jan 12 2004 // The Washington Department of Labor and Industries announced a 9.8 percent general rate increase in workers’ compensation premiums, effective Jan. 1, 2004. Even with this rate increase, next year’s average rates...
Schwarzenegger Governs One-Eighth of the U.S. Population
Jan 12 2004 // The U.S. Census Bureau’s Census 2000 estimated the population of the California at 33,871,648. Approximately 76 percent of the adult residents had graduated from high school and about 16 percent had earned a college...
PIANY Seeks Legislators’ Help on Fraud, Other Issues
Jan 9 2004 // At a recent meeting with New York legislators, representatives of the Professional Insurance Agents of New York State Inc. stressed the need fight to auto insurance fraud; to define the permanent status of the New York...
Medford Man Sentenced for Conspiracy and Tax Fraud, in Workers’ Comp Scam
Jan 9 2004 // Roland Joy of Medford Mass. has been sentenced by U.S. District Judge Rya W. Zobel to 4 months’ imprisonment, to be followed by 2 years of supervised release, the first 4 months of which are to be served in home...
SBAC Notes Major Calif. Workers’ Comp Initiative
Jan 2 2004 // In a move to combat California’s out-of-control workers compensation system, the Small Business Action Committee (SBAC) announced that it has filed an initiative to reportedly reduce the cost of the system by as much...
