Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
Calif. WCIRB Makes 2004 Regulatory Filing
Jul 31 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An...
Calif. WCIRB Makes 2004 Regulatory Filing
Jul 30 2003 // The California Workers’ Compensation Insurance Rating Bureau (WCIRB) submitted its annual regulatory filing to the California Insurance Commissioner July 30. In its filing, the WCIRB proposed the following: *An...
Summit Launches New Fla. WC Carrier
Jul 28 2003 // Lakeland, Fla.-based Summit announced the launch of BusinessFirst Insurance Co. BusinessFirst is a Florida-domiciled stock insurance company which will specialize in workers’ compensation insurance for retail,...
Harleysville Group Releases Q2 Earnings
Jul 28 2003 // Pennsylvania-based Harleysville Group Inc. reported diluted operating income of $0.33 per share for the second quarter ended June 30, 2003, compared to $0.46 per share in the same period of 2002. For the six months ended...
New Calif. Law Firm Focuses on Workers’ Comp
Jul 25 2003 // McClellan & Corren, a new law office, has opened its doors this summer in San Francisco. Led by experienced attorneys Regina McClellan and Edye Corren, the firm represents insurers, third-party administrators, and...
State Fund Issues 2002 Financials, Discusses Reserve Estimates
Jul 23 2003 // California’s State Compensation Insurance Fund has issued its audited statutory-basis financial statements as of Dec. 31, 2002. Net premium written for 2002 was $5.3 billion, an increase of 49 percent from $3.6...
Calif. Commissioner Responds to State Fund Audit
Jul 23 2003 // California Insurance Commissioner John Garamendi released the following statement in response to State Compensation Insurance Fund’s recent audit: “Since taking office in January I have worked to address the...
Alliance Says Gov.’s Stance on Utah State Fund Debate ‘Right on Track’
Jul 21 2003 // Efforts by Utah Gov. Mike Leavitt (R) to make sure the debate over the future of the Workers Compensation Fund of Utah (WCF) and its subsidiaries focuses on “big picture” issues and doesn’t degrade into...
WASH. WC BENEFITS INCREASE 1.9 PERCENT:
Jul 21 2003 // Workers currently receiving Washington workers’ compensation time-loss or pension benefits were to receive a 1.9 percent cost-of-living increase effective on July 1. The new maximum monthly benefit will be $3,794,...
Calif. Lawmakers Form Workers’ Comp Reform Committee
Jul 21 2003 // California Insurance Commissioner John Garamendi commended lawmakers July 9 for moving workers’ compensation bills into a Legislative Conference Committee, and consequently moving the reform of the system closer to...
Kemper Sends Agents Scrambling to Replace Business
Jul 21 2003 // Lost amid news of the Kemper Insurance Cos.’ precipitous slide in financial health is how badly its relationships with the agents and brokers needed to market its products had deteriorated. A number of agents have...
TEXAS CO. GUILTY OF WC FRAUD:
Jul 21 2003 // Travis County District Judge Patrick Keel has found that a San Antonio janitorial company lied about its payroll to get workers’ compensation coverage so it could pursue lucrative government contracts. According to...
Fla Gov. Signs WC Bill Into Law
Jul 17 2003 // The signing into law of important workers’ compensation reform legislation by Florida Gov. Jeb Bush will go a long way toward limiting the cost of insuring workers in the state against injury and will boost the...
APCapital’s WC Unit CEO Resigns
Jul 17 2003 // East Lansing, Mich.-based American Physicians Capital Inc. (APCapital) announced that Raymond Jacobsen, CEO of the company’s workers’ compensation business unit, has submitted his resignation effective...
N.Y. Dept. Rejects Filing to Boost Workers’ Comp Rates
Jul 16 2003 // New York State Insurance Superintendent Gregory Serio reportedly rejected this years’ filing by the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance overall rate...
Fitch Says WC Rates Still Inadequate
Jul 16 2003 // Last year marked a reversal of a six-year trend of deteriorating results for the workers’ compensation insurance sector as the market posted a significant improvement in underwriting performance, but overall results...
Benefits Grow Faster than Wages for First Time Since 1992
Jul 15 2003 // Benefits paid to workers and employers’ costs for workers’ compensation rose slightly faster than wages in 2001, according to a new report released today by the National Academy of Social Insurance. This is the...
Fla. WC Costs 18% Above Median in WCRI Study
Jul 15 2003 // Workers’ compensation costs per claim in Florida for all paid claims were higher than most states analyzed in a national study and growing at a double-digit rate, according to a new study by the Workers Compensation...
AIA Responds to Calif. WC Reform Committee Announcement
Jul 14 2003 // In response to the recent decision to move all pending California workers’ compensation legislation to a Legislative Conference Committee that will consider broad reforms to the system, the American Insurance...
WCRI Study Says Ga. Has Low WC Costs Per Claim but Higher Indemnity Costs
Jul 14 2003 // Workers’ compensation costs per claim in Georgia were low relative to costs in the other states analyzed in a national study by the Workers Compensation Research Institute (WCRI), although indemnity costs per claim...
