workers’ compensation News

Insurance Industry Reacts to Gulf Coast Oil Spill

The blame game for the recent British Petroleum (BP) oil rig accident and subsequent oil spill is just getting started, as are the insurance implications of this disastrous event, according to underwriters and other observers. “It’s going to take several …

Declarations

Workers’ Comp Combined Ratio “The workers compensation insurance industry had a trying year in 2009. And a series of unknown factors – from the pace of economic recovery to the long-term impact of the new federal health care law, among …

Conservator Appointed to Manage Contractor’s Access Program of California

California’s Department of Industrial Relations (DIR) appointed Bickmore Risk Services and Consulting as conservator for the Contractor’s Access Program of California (CAP), a self-insured group (SIG) that has insufficient deposits to cover estimated future liabilities. Bickmore will manage the group’s …

Colorado Rejects Bill Restricting Video Surveillance

The Colorado Senate Judiciary Committee has defeated a bill that would have limited the use of surveillance of employees who have submitted a workers’ compensation claim. Among other things, HB 1012, would have restricted video surveillance to only when the …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Allied Health and Medical Pros Market Detail: CRES Insurance Services MedSurance A&M is an insurance …

Price Scare

Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study. Average premiums in every line tracked by the RIMS Benchmark Survey fell in the first quarter. …

It Figures

40% The percentage of producers licensed in South Carolina who could lose their licenses if they missed the May 1 deadline for license renewal and completion of continuing education requirements. 38% How much higher the payment per claim for prescription …

Price Scare

Seven years and running, the soft market shows few signs of loosening its grip on commercial insurance pricing, according to a new industry study. Average premiums in every line tracked by the RIMS Benchmark Survey fell in the first quarter. …

Growth of Craft Beer Industry Brews Plenty of Opportunity for Insurance Professionals

Industry’s Sophistication Rises, And So Do the Risks The beer industry, like many others, has been impacted by the economy with one notable exception: craft brewers. The microbrewery, brew pub and brewery industries have actually seen sales jump in the …

Animal Workers in Peril

The Dangers of Working With Wild Animals In 2010, Dawn Brancheau, a trainer at SeaWorld in Orlando, Fla.,was grabbed by a killer whale as she stood in a wading area at the edge of his tank. Reports said she was …