It Figures
$28.2 Million The Ohio Insurance Institute (OII) has reported that the amount of insured losses from a series of storms in February will be at least $28.2 million, with 12,173 claims filed so far across the state. Losses are expected …
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. …
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 …
West Virginia Doctor Probed Over Workers’ Compensation Prescriptions
Investigators have seized a small fortune from a Mingo County, West Virginia doctor in a case that parallels a previous raid of a Williamson pain clinic, court filings show. The U.S. District Court papers disclose that prosecutors are negotiating a …
Business Moves
Northern Capital Florida insurance officials have moved to shut down Northern Capital Insurance Co. after concluding that the firm is insolvent. Agents and the company’s 70,000 policyholders are being advised to cancel their Northern Capital policies and seek new coverage …
It Figures
$30.8 Million The amount from its surplus that Kentucky’s major workers’ compensation insurance carrier, Kentucky Employers’ Mutual Insurance, has decided to return to policyholders. Earlier this month, Gov. Steve Beshear asked the insurer to consider returning some of its $147 …
It Figures
$30.8 Million The dividend announced by Kentucky’s major workers’ compensation insurance carrier after several weeks of political pressure. Earlier this month, Gov. Steve Beshear asked the insurer to consider returning some of its $147 million surplus as a premium reduction …
It Figures
4.6% Nebraska’s unemployment rate remained unchanged at 4.6 percent in January, still less than half the national rate of 9.7 percent, according to state officials. The preliminary December rate of 4.7 percent reported on Jan. 22 was revised to 4.6 …
Clashes Led to Firings, Discrimination Claims at Ohio Work Comp Council
Internal pressure was mounting for months ahead of the February firings of the staff of an agency charged with protecting the well-being of Ohio’s insurance fund for injured workers. Public records obtained by The Associated Press reveal frustration among the …