Workers’ Compensation Reserve Redundancy Reaches $14 Billion, Reports NCCI October 4, 2021 By Jim Sams Workers’ compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to...
Colorado Dairy Fined over Worker’s Death in Manure Pit October 4, 2021 A dairy in northern Colorado has been fined nearly $25,000 after the death of a worker whose truck slipped into...
Florida Appeals Court Finds Workers’ Comp Judge Used Flawed Logic September 30, 2021 By William Rabb If doctors offer differing opinions on a work injury, a judge must appoint a third physician to help settle the...
Longtime New York City Contractor Indicted for $1M Insurance Fraud September 30, 2021 Manhattan District Attorney Cyrus R. Vance Jr. and New York City Department of Investigation (DOI) Commissioner Margaret Garnett announced the...
Connecticut Considers Drop in 2022 Workers’ Comp Rates, Seeks Public Comment September 30, 2021 Connecticut Insurance Commissioner Andrew N. Mais issued a department notice on September 24 announcing a 30 day period of public...
Workers’ Compensation Underwriting Results Again Beat Other Lines in 2020 September 30, 2021 Workers’ compensation underwriters have been consistently generating better underwriting profits than other property/casualty lines of business, and did so again...
Why This Is Not a ‘Standard’ Hard Market and Other Views on Today’s Insurance Market September 29, 2021 By Susanne Sclafane Interesting. Fluctuating. Moderating. Fun. Those are the words that Patrick M. Gallagher, chief executive officer of Gallagher Global Brokerage for...
Workers’ Comp Pays More Than Group Health to Treat Similar Injuries: NCCI Study September 29, 2021 Workers’ compensation pays more than group health to treat comparable injuries, according to a research brief issued by the National...
California Workers’ Comp Written Premium for 2020 Was $1.9B Below 2019 September 28, 2021 Written premium for 2020 was $1.9 billion, or 12%, below that for 2019 and was the lowest since 2012, according...
Omaha National Raises $45M, Will Transition to Being Direct Workers’ Compensation Writer September 28, 2021 Technology-enabled workers’ compensation and payroll services provider Omaha National Group, Inc. announced a $45 million Series B round led by...