Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
New State Decisions Equal More Than Half of P/C Enacted Laws for 2001
Nov 20 2001 // New state laws concerning workers’ compensation, automobile insurance, financial and other regulatory requirements account for over half of the property/casualty-related insurance laws enacted by state legislatures...
Insuring Nonprofits as Markets Harden
Nov 19 2001 // As recession looms and claims costs associated with the terrorist attacks on September 11 add up, insurance markets are beginning to harden for the first time in nearly a decade. Many major property and casualty carriers,...
HCC to Exit Workers’ Comp
Nov 19 2001 // Citing claims from Sept. 11 and reserve charges for discontinued businesses, HCC Insurance Holdings Inc. posted a third-quarter net loss and announced it will exit the workers’ compensation insurance business written...
TX Mutual Complains of Gouging
Nov 19 2001 // Texas Mutual Insurance Company, formerly the Texas Workers’ Compensation Fund, filed a lawsuit accusing four pharmacy chains and two third-party billing companies with price gouging, claiming they overcharged the...
Fremont General Corp. Reports Net of $15,999,000 in Third Quarter
Nov 15 2001 // California-based Fremont General Corporation reported net income of $15,999,000 for the third quarter of 2001. This was comprised of net income from continuing operations of $14,619,000 and an after tax gain on the...
HCC Files 3Q Loss, Prepares to Exit Workers’ Comp
Nov 12 2001 // HCC Insurance Holdings Inc. posted a third-quarter net loss, citing claims from Sept. 11 and reserve charges for discontinued businesses. The company also announced it will also exit the workers’ compensation...
CALIF. W/C RATE HIKE APPROVED
Nov 12 2001 // Insurance Commissioner Harry W. Low approved an increase of 10.2 percent in California’s advisory pure premium rate for workers’ compensation insurance. The rate increase was recommended by the Workers’...
Suspicious Claims are ‘Pain in the…Neck’
Nov 12 2001 // Debra Rodriguez, 48, was arrested on four felony counts of insurance fraud while attending a pre-trial hearing at the Workers’ Compensation Appeals Board in Sacramento. Rodriguez was transported and booked into the...
Roof Falls in on Alleged Fraud Attempt
Nov 12 2001 // The CDI announced the arrest of David Barthell Sr. of Richmond for workers’ compensation premium fraud. Barthell, owner of Barthell Construction and Roofing, was arrested at his residence/office and booked into...
No ‘El Dorado’ for This Fraud Attempt
Nov 12 2001 // James Kolesar of El Dorado County appeared in El Dorado County Court and pled guilty to one count of employer misrepresentation fraud. The El Dorado County District Attorney’s Office is prosecuting the case. Kolesar,...
WCRI Study Finds Rapid Comp Cost Rise in Mass.
Nov 9 2001 // The Workers Compensation Research Institute, based in Cambridge Massachusetts, reports that a new study shows that workers’ compensation claims costs rose by as much as 10.5 percent from 1997 to 1998, based on...
Calif. Commissioner Gives Approval to Advisory Pure Premium Rate
Oct 30 2001 // Insurance Commissioner Harry W. Low announced the approval of California’s advisory pure premium rate for workers’ compensation insurance, approving an increase of 10.2 percent in the advisory pure premium...
CIGA Bill Gets Approval in Calif. Legislative Session, SB 71 Falls Short
Oct 29 2001 // As the California Legislature wound up its 2001 session in mid-September, two workers’ compensation-related bills awaited their fate on the desk of Governor Gray Davis. AB 1183: CIGA Premium Surcharge In the case of...
Technical Change Would Improve Michigan’s Workers’ Comp System
Oct 26 2001 // A proposed change in the laws governing insurer payments to Michigan’s Second Injury Fund would not reduce benefits for injured workers, while improving the overall business climate of the state, according to the...
Commercial Insurance Market Index Shows Evidence of Hardening Market
Oct 26 2001 // According to the recently released third-quarter Commercial Insurance Market Index — reflecting market observations of the largest commercial insurance brokers across the nation — commercial insurance premium...
Number of Calif. Workplace Deaths on the Decrease
Oct 26 2001 // The downward trend continued last year: the number of California workers killed on the job was the lowest since 1992 when the Department of Industrial Relations’ Division of Labor Statistics and Research (DLSR)...
SAFECO Reports 3Q Results, Strengthens Reserves by $240M
Oct 23 2001 // SAFECO reported third-quarter income, before charges, of $7.8 million or $0.06 per diluted share. Including $240 million in reserve strengthening and previously announced restructuring charges, SAFECO posted a net...
Colorado Split on Requesting Information from Largest Workers’ Comp Insurer
Oct 22 2001 // Colorado legislative leaders were split down the middle this week on whether to seek confidential financial information from the state’s largest workers’ compensation insurer to see if the operation could be...
NAII Comments on Veto of Calif. Workers’ Comp Bill, Other Enacted Legislation
Oct 18 2001 // The National Association of Independent Insurers (NAII) expressed satisfaction that for the third time in as many years, California Gov. Gray Davis vetoed a workers’ compensation reform bill that failed to adequately...
Insurers Seek to Keep Utah Workers’ Comp Fund from Selling Insurance in Idaho
Oct 18 2001 // A group of private insurers indicated they are supporting a move by the Idaho Department of Insurance to prohibit a subsidiary of the Utah Workers’ Compensation Fund (WCF) from selling insurance in Idaho and, they...
