Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
National Workers’ Comp Combined Ratio Best Since 1997
May 23 2005 // The nationwide workers’ compensation calendar year combined ratio for 2004 dropped four points to 105 percent, the best performance for the first time since 1997, according to NCCI Holdings Inc.’s preliminary...
Fla. OKs Funds to Fight PIP Fraud
May 23 2005 // Florida’s Chief Financial Officer Tom Gallagher thanked legislators for approving his request for funding to add more law enforcement investigators to fight PIP fraud and workers’ compensation fraud, and a...
WORKERS’ COMP RATES REMAIN UNCHANGED:
May 23 2005 // The New York Compensation Insurance Rating Board has withdrawn its proposed rate increase of 9.5 percent, which means that workers’ compensation rates will remain at their current levels through Oct. 1, 2005. NYCIRB...
TWCC Approves COAs to Self-Insure for Seven Companies
May 23 2005 // The Texas Workers’ Compensation Commission approved the reapplications for Certificates of Authority to Self-Insure for a one-year period by seven private employers during a public meeting on May 19. Texas law allows...
WORKERS’ COMP GUARANTY FUND SAVED:
May 23 2005 // The New York Assembly and Senate have passed and Gov. George Pataki has signed into law industry-supported legislation that provides short-term rescue for the state’s workers compensation guaranty fund that had been...
NCCI CORRECTION LOWERS COMP RATES:
May 23 2005 // Hundreds of Vermont employers may see reductions in their 2003 and 2004 workers’ compensation premiums as a result of adjustments to the data used in the 2003 and 2004 rate filings prepared by the National Council on...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
FBI Targets Insurance in Probe of Carrier, Agent and PEO Practices
May 23 2005 // The insurance industry, already under scrutiny in some segments by state and federal authorities for various compensation, reinsurance, bid-rigging and accounting practices, now faces another questioner. The Federal Bureau...
TITLE: WORKERS’ COMP FUND RECEIVES A ‘Clean Bill of Health’
May 23 2005 // The Kentucky Office of Insurance has given the Kentucky Workers’ Compensation Fund a clean bill of health after completing an audit of the fund. KESA insures more than 5,100 groups and had 2004 premiums of about $67...
Suspects Arrested for Comp Fraud
May 23 2005 // Authorities arrested four suspects May 6 after an extensive investigation into a workers’ comp and payroll tax fraud scheme, one in which the suspects allegedly underreported the payroll of its Saratoga firm by...
PCI SAYS INSURERS SURVIVE COLORADO LEGISLATIVE SESSION:
May 23 2005 // At the conclusion of Colorado’s recent legislative session, PCI said that the insurance industry successfully worked to preserve Colorado’s stable marketplace. Colorado’s insurance scoring law, which is...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
Fla. OKs Funds to Fight PIP Fraud
May 23 2005 // Florida’s Chief Financial Officer Tom Gallagher thanked legislators for approving his request for funding to add more law enforcement investigators to fight PIP fraud and workers’ compensation fraud, and a...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
News Briefs
May 23 2005 // GEORGIA Licensing System Changes The Georgia Insurance Comm-ission held “Ind-ustry Day Meet-ings” across the state in May to discuss recent changes to the licensing system. In an effort to be responsive to...
To Subscribe or Not Subscribe That is the Workers’ Comp Question
May 23 2005 // As Texans, we pride ourselves on our rugged independence and our determination to forge our own path. That is certainly what Texas has done in the area of workers’ compensation, the state-regulated insurance program...
News Briefs
May 23 2005 // JURY REACHES PARTIAL VERDICT IN EXECUTIVE LIFE CASE: A jury reached a partial verdict in the case involving the illegal takeover of failed insurer Executive Life Insurance Company on May 9, according to the Associated...
News Briefs
May 23 2005 // MICHIGAN Commissioner Appeals Credit Scoring Decision The state of Michigan has filed an appeal of a judge’s ruling that allowed insurance companies to continue using customers’ credit scores to determine their...
Alaska Workers’ Compensation Bill Goes into Overtime
May 23 2005 // An Alaska committee of House and Senate members was unable to hammer out a compromise plan to revise workers’ compensation laws, leaving work on the bill to be completed during a special session scheduled to take...
People
May 23 2005 // James Robinson Huber has been appointed senior vice president and regional executive, Southeast Region for ACE USA, the U.S.-based retail operating division of The ACE Group of Companies. Based in Atlanta, Huber will be...
