Compensation - Insurance Industry Brief

He Saved the Chocolates But Lost His Workers’ Compensation Insurance

Insurance Journal

DECEMBER 31, 2024

An employee who was injured when rescuing chocolate candies from the heat in his employer-owned delivery truck is not due workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of benefits, agreeing that Ronald Mark …

Workers Compensation Insurance

Workers Compensation Insurance Workers Compensation Compensation Insurance

Injured While ‘Simply Walking’ Not Covered by Workers’ Compensation

Insurance Journal

JANUARY 8, 2025

Not all accidents are compensable merely because they happen at work, the Virginia Workers’ Compensation Commission (WCC) reminded in denying workers’ compensation benefits to a school bus driver for an injury that happened while he was simply walking from his …

Workers Compensation

Workers Compensation Compensation Injury

School Employee Kicked 25 Times in 11 Days Denied Workers Compensation

Insurance Journal

JANUARY 16, 2025

A Virginia student assistant who suffered injuries in both knees after being kicked 25 times over a period of 11 days is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of …

Workers Compensation

Workers Compensation Compensation Injury Liability

New Jersey Raises Workers’ Compensation Attorney Fee Cap to 25%

Insurance Journal

AUGUST 26, 2024

New Jersey has raised the cap on fees for attorneys handling workers’ compensation cases from 20% to 25% of settlements. The primary sponsors of S2822/A3986 were Senator Joseph Lagana and Assemblymen Anthony Verrelli and Robert Karabinchak. The measure passed the …

Workers Compensation

Workers Compensation Compensation

Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Insurance Journal

JULY 30, 2024

Delta Air Lines has hired a law firm and will seek compensation from Microsoft and CrowdStrike over a global cyber outage earlier this month that disrupted flights around the world, CNBC reported on Monday. The Atlanta-based airline has been the …

Cyber

Cyber Compensation Business Interruption Commercial

Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

Insurance Journal

OCTOBER 1, 2024

The average cost of workers’ compensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …

Workers Compensation

Workers Compensation Compensation Claim

New York Expands Workers’ Compensation For Mental Health to All Workers

Insurance Journal

DECEMBER 9, 2024

New York Governor Kathy Hochul has signed legislation to expand workers’ compensation benefits to people who are facing job-related mental health crises. The new law, which goes into effect January 1, 2025, allows any worker to file for workers’ compensation …

Workers Compensation

Workers Compensation Compensation

Former Postal Worker Sentenced to Probation for Workers’ Compensation Fraud

Insurance Journal

JULY 21, 2024

Postal Service employee in Delaware who defrauded taxpayers of almost $100,000 in workers’ compensation benefits has been sentenced to probation. Lakisha Hines was sentenced Thursday after pleading guilty in March to one count of federal employee compensation …

Workers Compensation

Workers Compensation Compensation

Florida OIR Approves 1% Average Workers’ Compensation Rate Decrease

Insurance Journal

NOVEMBER 18, 2024

Florida employers will soon see the smallest decrease in workers’ compensation rates in years – just a 1% reduction from current overall rates in the voluntary market. The Florida Office of Insurance Regulation announced Monday that the insurance commissioner had …

Workers Compensation

Workers Compensation Compensation Insurance Insurer

Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%

Insurance Journal

OCTOBER 14, 2024

Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.4%, and the residual market will …

Workers Compensation

Workers Compensation Compensation Insurance Insurer

New York Reduces Workers’ Compensation Assessment Rate for 2025

Insurance Journal

OCTOBER 31, 2024

New York employers will pay 22% less in the annual assessment to run the state’s workers’ compensation system in 2025. The rate assessed on standard premiums will be 7.1% beginning January 1, 2025, down from 9.2% The Hochul …

Workers Compensation

Workers Compensation Compensation Premium

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

OCTOBER 30, 2024

statewide average decrease in rates for workers’ compensation and employers’ liability insurance. New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation

Workers Compensation Compensation Liability Insurance Liability

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

OCTOBER 29, 2024

statewide average decrease in rates for workers’ compensation and employers’ liability insurance. New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation

Workers Compensation Compensation Liability Insurance Liability

Amazon Worker Injured Due to Repetitive Tasks Loses Workers’ Compensation Bid

Insurance Journal

JULY 16, 2024

An Amazon distribution center worker in Virginia whose job entailed repetitive lifting and stowing of items every day and who suffered rotator cuff tears has been denied workers’ compensation benefits because she failed to prove her injury resulted from an …

Workers Compensation

Workers Compensation Compensation Injury

Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%

Insurance Journal

NOVEMBER 17, 2024

Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.4%, and the residual market will …

Workers Compensation

Workers Compensation Compensation Insurance Insurer

Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025

Insurance Journal

NOVEMBER 21, 2024

The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submitted by the industry’s National Council on …

Workers Compensation

Workers Compensation Compensation Insurance Insurer

Student-on-Employee Workers’ Compensation Assault Claims Drop: Gallagher Basset

Insurance Journal

AUGUST 8, 2024

The number of workers’ compensation claims for student-on-school-employee assault dropped significantly during the 2023-24 school year, according to data from Gallagher Basset. This change comes after two years of increasing claims following the 2020-21 school year. Citing client numbers covering …

Workers Compensation

Workers Compensation Compensation Claim Risk

New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025

Insurance Journal

SEPTEMBER 5, 2024

The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average. The new lower rates will apply to voluntary market policies effective on or after …

Workers Compensation

Workers Compensation Compensation Policy Insurance

Court Must Decide If Child Victims Act Revives Old Workers’ Compensation Claims

Insurance Journal

JULY 30, 2024

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workers’ compensation system? It’s the responsibility of the state’s …

Workers Compensation

Workers Compensation Compensation Claim

Virginia Approves 12% Loss Cost Decrease for Workers’ Compensation

Insurance Journal

DECEMBER 12, 2024

loss cost decrease in the workers’ compensation voluntary market along with rate decreases in the assigned risk market, effective April 1, 2025. Virginia has approved a 12.0% The State Corporation Commission (SCC) approved the proposed voluntary loss costs, along with …

Workers Compensation

Workers Compensation Compensation Risk Insurance

Court Nixes Workers’ Compensation for ‘Light Beer’ Drinking UPS Driver

Insurance Journal

DECEMBER 11, 2024

A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week reversed a state Industrial Accident Board (IAB) ruling that Timothy …

Workers Compensation

Workers Compensation Compensation

Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse

Insurance Journal

OCTOBER 28, 2024

billion) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters. Brazil on Friday signed a 170 billion reais ($29.85 The collapse of the dam at the iron …

Compensation

Compensation Liability

US Workers More Glum on Compensation and Work Prospects, New York Fed Says

Insurance Journal

AUGUST 19, 2024

workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that …

Compensation

Facebook Users Affected by Data Breach Eligible for Compensation: German Court

Insurance Journal

NOVEMBER 19, 2024

A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation. The Federal Court of Justice (BGH) ruled that the loss of control over one’s data online was grounds …

Compensation

Compensation Protection

Navigating Hard-to-Place Workers’ Compensation: A Path Forward for High-Risk Businesses

Insurance Journal

JULY 16, 2024

Frank Fasano, Director of Sales at ToughComp, a PCF business, shares insight from his years of experience working within industries that experience challenges finding affordable workers’ compensation policies.

Workers Compensation

Workers Compensation Compensation Risk Policy

Michigan Court: Businesses Can’t Get State Compensation Over Pandemic Closures

Insurance Journal

SEPTEMBER 3, 2024

DETROIT (AP) — The Michigan Supreme Court on Friday shut the door on businesses seeking to be paid by the state for restrictions that harmed sales during the COVID-19 pandemic. The court, in a pair of 5-2 orders, let stand …

Compensation

Construction Firm Owner Sentenced for Tax, Mail and Workers Compensation Fraud

Insurance Journal

JANUARY 14, 2025

A Hopkinton man was sentenced on Jan. 10, 2025 in federal court in Boston for defrauding the Internal Revenue Service (IRS) and Travelers Insurance Co. over wages he paid to employees of his two construction companies. According to U.S. Attorney …

Workers Compensation

Workers Compensation Compensation Insurance Insurer

Connecticut Workers’ Compensation Costs to Drop Again in 2025

Insurance Journal

SEPTEMBER 30, 2024

Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the recommendation is approved, it would mark the eleventh …

Workers Compensation

Workers Compensation Compensation Risk Insurance

Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth

Insurance Journal

OCTOBER 9, 2024

A Virginia man pled guilty to embezzling funds from his former employer, a fund that provides financial assistance to families of infants who suffer from brain or spinal cord injuries, reports the U.S. Attorney for Eastern Virginia. According to court …

Compensation

Compensation Injury

AM Best Assigns Ratings to New York Healthcare Workers’ Compensation Carrier

Insurance Journal

NOVEMBER 19, 2024

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned to these ratings is stable. AM Best …

Workers Compensation

Workers Compensation Compensation Insurance Insurer

UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says

Insurance Journal

AUGUST 30, 2024

An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow …

Compensation

Compensation Agents Insurance Insurer

Brazil to Sign Compensation Deal With Miners Over 2015 Dam Disaster on Friday

Insurance Journal

OCTOBER 24, 2024

Brazilian authorities will sign on Friday a long-awaited reparation deal with miners Vale, BHP and Samarco over the 2015 Mariana dam collapse, the country’s presidential office said on Wednesday. The agreement will be signed in a ceremony attended by President …

Compensation

Compensation Liability

Owner Compensation Performance Based – Part 2

Insurance Journal

NOVEMBER 3, 2024

Last month we discussed the three components of owner compensation that we recommend. These include the management piece, production component and how to split up the profits all based on the performance of each owner. This month is an example …

Compensation

Dermatologicals Now the Costliest Drug Group in California Workers Comp

Insurance Journal

JANUARY 14, 2025

Dermatologicals, which include a number of high-priced, private label drugs, account for the biggest share of the total drug spend in the California workers’ compensation system, a new report shows. Data from the California Workers’ Compensation Institute shows recent shifts …

Workers Comp

Workers Comp Compensation Workers Compensation

Colorado Governor Wants to Privatize State’s Workers’ Comp Carrier

Insurance Journal

JANUARY 3, 2025

Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. Colorado Gov. The big idea is that pulling up …

Workers Comp

Workers Comp Compensation Workers Compensation Insurance

NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees

Insurance Journal

SEPTEMBER 3, 2024

Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending … state in recent years.

Workers Comp

Workers Comp Compensation Workers Compensation Insurance

WCIRB: California Workers’ Comp Written Premium in 2023 Was up Slightly

Insurance Journal

OCTOBER 8, 2024

California workers’ compensation written premium in 2023 was slightly above 2022, while written premium for the first six months of 2024 is 2% lower than the first six months of 2023, a new report shows. The Workers’ Compensation Insurance Rating …

Premium

Premium Workers Comp Compensation Workers Compensation Insurance

California State Fund Declaring 15% Dividend for 2024 Policy Year

Insurance Journal

JANUARY 1, 2025

State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. This dividend equals roughly 15% of the estimated annual premium …

Policy

Policy Policyholder Compensation Premium

Texas DWC to Hold Brown Bag Series on Dispute Resolution

Insurance Journal

AUGUST 26, 2024

The Texas Department of Insurance, Division of Workers’ Compensation will hold a Brown Bag Series with stakeholders in the workers’ compensation system this fall, with a half dozen meetings scheduled across the state. The series will focus on dispute resolution …

Compensation

Compensation Workers Compensation Insurance Insurer

State High Court Nixes Policy Cancellation Over ‘Ambiguous’ Communications

Insurance Journal

JANUARY 3, 2025

An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite, certain, and unambiguous” as to the status of the coverage. As a result, Ace America Insurance Co. is obligated to …

Policy

Policy Compensation Workers Compensation Insurance

Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates

Insurance Journal

JULY 14, 2024

reduction in workers’ compensation rates–a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. Massachusetts businesses will see an average 14.6% The lower rates go into effect on July 1, 2024.

Workers Compensation

Workers Compensation Compensation Insurance Industry Insurance

Florida Appeals Court Upsets Applecart on Workers’ Comp Statute of Limitations

Insurance Journal

JANUARY 15, 2025

A recent decision and concurring opinion by a Florida appeals court may have upset years of practice and could raise costs for workers’ compensation insurers. Some claims that carriers were once ready to close out of due to the statute …

Workers Comp

Workers Comp Compensation Claim Workers Compensation

Minnesota Workers’ Comp System Stable Despite COVID-19 Impact

Insurance Journal

JULY 17, 2024

Workers’ compensation claim rates and benefits paid in Minnesota continue to be stable or follow their long-term downward trajectories, a new Department of Labor and Industry (DLI) report shows. The 2024 Minnesota Workers’ Compensation System Report presents trend data regarding …

Workers Comp

Workers Comp Compensation Claim Workers Compensation

Court, Not Board, Must Decide If Insurer’s Conduct After Canceling Policy Was Negligent

Insurance Journal

AUGUST 12, 2024

Claims that a workers’ compensation insurer’s conduct after it canceled a policy were negligent are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual Insurance Co. had succeeded before both …

Policy

Policy Compensation Claim Workers Compensation

He Saved the Chocolates But Lost His Workers’ Compensation Insurance

Injured While ‘Simply Walking’ Not Covered by Workers’ Compensation

Trending Sources

School Employee Kicked 25 Times in 11 Days Denied Workers Compensation

New Jersey Raises Workers’ Compensation Attorney Fee Cap to 25%

Delta Air Lines to Seek Compensation Over Cyber Outage: Report

Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

New York Expands Workers’ Compensation For Mental Health to All Workers

Former Postal Worker Sentenced to Probation for Workers’ Compensation Fraud

Florida OIR Approves 1% Average Workers’ Compensation Rate Decrease

Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%

New York Reduces Workers’ Compensation Assessment Rate for 2025

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Amazon Worker Injured Due to Repetitive Tasks Loses Workers’ Compensation Bid

Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%

Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025

Student-on-Employee Workers’ Compensation Assault Claims Drop: Gallagher Basset

New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025

Court Must Decide If Child Victims Act Revives Old Workers’ Compensation Claims

Virginia Approves 12% Loss Cost Decrease for Workers’ Compensation

Court Nixes Workers’ Compensation for ‘Light Beer’ Drinking UPS Driver

Brazil Seals $30 Billion Compensation Deal With BHP, Vale Over 2015 Dam Collapse

US Workers More Glum on Compensation and Work Prospects, New York Fed Says

Facebook Users Affected by Data Breach Eligible for Compensation: German Court

Navigating Hard-to-Place Workers’ Compensation: A Path Forward for High-Risk Businesses

Michigan Court: Businesses Can’t Get State Compensation Over Pandemic Closures

Construction Firm Owner Sentenced for Tax, Mail and Workers Compensation Fraud

Connecticut Workers’ Compensation Costs to Drop Again in 2025

Executive Stole $4.8 Million From Compensation Program for Children Injured at Birth

AM Best Assigns Ratings to New York Healthcare Workers’ Compensation Carrier

UK’s Aviva Conspired to Dodge India Compensation and Tax Rules, Agency Says

Brazil to Sign Compensation Deal With Miners Over 2015 Dam Disaster on Friday

Owner Compensation Performance Based – Part 2

Dermatologicals Now the Costliest Drug Group in California Workers Comp

Colorado Governor Wants to Privatize State’s Workers’ Comp Carrier

NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees

WCIRB: California Workers’ Comp Written Premium in 2023 Was up Slightly

California State Fund Declaring 15% Dividend for 2024 Policy Year

Texas DWC to Hold Brown Bag Series on Dispute Resolution

State High Court Nixes Policy Cancellation Over ‘Ambiguous’ Communications

Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates

Florida Appeals Court Upsets Applecart on Workers’ Comp Statute of Limitations

Minnesota Workers’ Comp System Stable Despite COVID-19 Impact

Court, Not Board, Must Decide If Insurer’s Conduct After Canceling Policy Was Negligent

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