Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
It Figures
Jan 10 2011 // $2 Million Estimated damage caused to a D.C. school by a roofing crew’s improper use of a blow torch. The school — which happened to be closed that day — sustained serious smoke and water damage and students are...
E&O Insights: Hotspots to Consider When Insuring Construction Risks
Jan 10 2011 // Workers’ Compensation, Certificates of Insurance, Unique Policy Language Areas of Concern Although the economy has taken its toll on the construction industry, the majority of insurance agencies probably insure a...
Facts and Legends of Insurance Industry History
Jan 10 2011 // Benjamin Franklin founded America’s oldest, continuously active insurance company in 1752. Franklin and several prominent business associates established the Philadelphia Contributorship for the Insurance of Houses...
What Happened in Workers’ Compensation in 2010
Jan 10 2011 // Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial lines including the workers’ compensation industry in 2010, as they did in 2009. Robert...
People
Jan 10 2011 // Golden Eagle Insurance, a Liberty Mutual Agency Corp. regional company, appointed Spencer J. Donkin president and CEO. Donkin joins Golden Eagle Insurance from Liberty Mutual Agency Corp.’s Regional Companies Group,...
Liberty Mutual Continues Fight with AIG As Other Insurers Settle
Jan 10 2011 // American International Group has negotiated a $450 million settlement with seven of its competitors in the protracted litigation over its questionable reporting of workers’ compensation premiums. But the long-running...
Texas Insurer Alleges Vendetta by Florida Regulator McCarty
Jan 10 2011 // A Texas insurance company and its owner are suing Florida Insurance Commissioner Kevin McCarty, accusing him of being vindictive and defamatory in his efforts to ban the company from writing workers’ compensation...
Jan. Reinsurance Renewals Saw ‘Orderly Rate Softening,’ Says Towers Watson
Jan 10 2011 // Record reinsurer capital levels, strong reinsurer capacity, an absence of major catastrophe losses in the U.S. and competitive pressures helped push down January 1 renewal rates for U.S. property/ casualty reinsurance...
Illinois Work Comp Commission Shuts Down Business Located in Its Building
Jan 10 2011 // On Jan. 4, 2011, the Illinois Workers Compensation Commission (IWCC) shut down a restaurant located in the same building as IWCC offices for noncompliance with the state’s workers’ compensation laws. The IWCC...
Texas Workers’ Comp Division Approves 12 Companies to Self-Insure
Jan 10 2011 // The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved the renewals of the Certificates of Authority for 12 companies to self-insure their workers’ compensation claims for a...
Kansas to Receive $500K in AIG Workers’ Comp Settlement
Jan 6 2011 // A signed legal settlement with American International Group will net the State of Kansas general fund $500,000, according to Sandy Praeger, Commissioner of Insurance. “The AIG settlement for Kansas was part of a...
Frank Gates/Avizent Acquires Ohio Workers’ Comp, Managed Care Firm
Jan 5 2011 // Columbus, Ohio-based Frank Gates Service Co. / Avizent, a national claims and risk management service provider, announced it has acquired Vantage Health Plan Inc. (VHP), the parent of a certified Managed Care Organization...
Florida Workers’ Compensation Market Remains Competitive: Report
Jan 5 2011 // Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not...
CompPartners Names Hutchings Account Manager
Jan 5 2011 // Sue C. Hutchings has joined CompPartners, a workers’ compensation, disability, and group health managed care organization, as account manager. She brings 25 years of experience to the position, having most recently...
Insurers To Pay New York $120M for Premium Overcharges
Jan 4 2011 // New York officials say four insurance groups have agreed to pay a total of about $120 million in excess workers’ compensation surcharges to the state. The attorney general’s office says the companies collected...
Top Workers’ Compensation News in 2010
Jan 4 2011 // Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in...
Illinois Official Calls for Probe of Workers’ Comp Claims at Prison
Jan 4 2011 // The head of Illinois’ workers’ compensation commission is calling for an investigation of nearly $10 million paid out in claims to more than half the staff of a southwestern Illinois prison over the past three...
Obesity Increases the Risk of Disabling Workplace Injuries
Dec 31 2010 // Recent research confirms anecdotal data that work-related injuries are far more costly if an injured worker is obese. In fact, a claim with an obese diagnosis can be 30 times to 60 times more expensive than a comparable...
Idaho Workers’ Comp Insurance Rates To Increase 3.7%
Dec 31 2010 // Idaho workers’ compensation insurance rates will be increasing an average of 3.7 percent in 2011, according to the state Department of Insurance. The average rate increase is based on National Council on Compensation...
Calif. Regulator Urges Gov.-Elect Brown to Preserve Workers’ Comp Reforms
Dec 31 2010 // Calif. Insurance Commissioner Steve Poizner announced he has sent a letter to Gov.-Elect Jerry Brown to urge him to preserve the workers’ compensation insurance reforms that have reduced the Workers’...
