workers’ compensation News

Business Council Touts Workers’ Comp Savings in New York

The Business Council of New York State Inc. has touted the newly approved 11.7 percent reduction in loss cost rates, which are the basis for setting workers’ compensation premiums for 2019, as being significant toward workers’ compensation savings for most …

A.M. Best Downgrades Ratings of Wisconsin County Mutual Group

A.M. Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from bbb+ and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Community Insurance Corp. and Wisconsin County Mutual Insurance Corp., collectively referred to as the …

AF Group Drives into Commercial Auto with Fundamental Underwriters

Lansing, Michigan-based AF Group is branching out from its traditional base in workers’ compensation into the specialty commercial auto insurance niche, driven by a new operating company — Fundamental Underwriters. With a focus on commercial trucking, Fundamental had a soft …

California Orders Work Comp Insurers to Report Federal Income Tax Savings

California Insurance Commissioner Dave Jones has issued an order directing every insurer licensed to write workers’ compensation insurance in the state must report their federal income tax savings annually through a rate filing in light of the new tax law. …

Woman Injured in Explosion at Missouri Pyrotechnics Plant

An employee has been seriously injured in an explosion at a pyrotechnics plant in southwest Missouri. KSPR-TV reports that a fire subsequently broke out on July 3 at the AM Pyrotechnics plant in Pleasant Hope, which supplies big fireworks shows. …

Survey: As Trade Fears Mount, Economic Growth Slows in Midwest

Business remains strong in nine Midwest and Plains states, but a new monthly survey suggests growth is slowing as concerns about trade and tariffs increase. The region’s overall economic index decreased to 61.8 in June from May’s 67.3, but any …

Insurers Question California Commissioner’s Authority to Make Comp Writers Report Federal Tax Savings

The insurance industry is wondering whether a new requirement from California Insurance Commissioner Dave Jones that workers’ compensation insurers report federal income tax savings is legal. Jones wants insurers licensed to write workers’ comp in California to report the tax …

California Commissioner Orders Workers’ Comp Insurers to Report Federal Income Tax Savings

California Insurance Commissioner Dave Jones announced today issued an order that every insurer licensed to write workers’ compensation in the state must report their federal income tax savings annually through a rate filing in light of the new tax law. …

2nd Worker Dies From Injuries in Texas Hospital Explosion

A second worker has died from an explosion at a Central Texas hospital that left more than a dozen injured. Police reported the death of 36-year-old Filiberto Morales of Round Rock, Texas, who died June 28 after being injured in …

NYC Drivers for Uber, Other Apps to Get Vision Care Coverage

Drivers for car services and ride-hailing apps like Uber and Lyft are usually on their own when it comes to buying health insurance, but starting Sunday in New York they will now be able to get coverage for vision care …