Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
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...
States Collecting on $146 Million AIG Workers’ Comp Settlement
Jun 5 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’...
Ohio Workers’ Comp Bureau Extends Private Employer Rate Cut
Jun 5 2012 // The Ohio Bureau of Workers’ Compensation (BWC) in late May announced an extension of the $65 million in rate cuts enacted last year for Ohio’s private sector employers to the 2013 policy year that begins July...
OSHA Investigating 2 Fatal Blasts in 2 Weeks at Mississippi Plant
Jun 5 2012 // The mother of a man who died in an explosion at a Pascagoula, Mississippi fertilizer factory says her son never spoke of any safety problems at the plant. Twenty-year-old Jeremy Moore of Hurley died Friday — the second...
Duration, Severity Drive Workers’ Comp Claims Costs in Louisiana
Jun 4 2012 // Louisiana Workers’ Compensation Corp. (LWCC) was created by the state legislature in 1991 in an effort to stabilize and revitalize the state’s workers’ compensation. Today, the private nonprofit mutual...
Why Workers’ Compensation Claimants Hire Attorneys
Jun 4 2012 // Workplace trust, fear of claim denial and injury severity are the main reasons for attorney representation in workers’ compensation claims, according to Bogdan Savych, a public policy analyst with the Workers...
Safety Inspections Don’t Hurt Businesses: Study
Jun 4 2012 // Random inspections of U.S. industrial workplaces lower the risk of workers being injured on the job and have no measurable negative effect on the companies inspected, according to a study in the journal Science. Companies...
Study: Drug Testing Driving Calif. Workers’ Comp Costs
Jun 4 2012 // It’s no surprise that pharmaceuticals are one of the leading drivers of workers’ compensation costs in California, but a study issued late last month shows the skyrocketing cost of drug testing is becoming a...
Missouri Session Ends with Some of Business ‘6’ Fixed
Jun 4 2012 // Despite repeated attempts during two legislative sessions, the Republicans who control Missouri’s General Assembly have passed only part of the six-point, pro-business agenda outlined by the state’s main...
