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 263

Workers Compensation Compensation Claim 263

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 147

Workers Compensation Compensation Risk Insured 147

Insurance Journal

OCTOBER 14, 2024

In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while ensuring compliance and maintaining efficiency. This post is part of a series sponsored by Selectsys. To overcome these …

Underwriting 130

Underwriting Underwriter Workers Compensation Compensation 130

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 260

Compensation 260

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 240

Workers Compensation Compensation Risk Policy 240

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 147

Workers Compensation Compensation Claim Risk 147

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 130

Workers Compensation Compensation Insurance Industry Insured 130

AMAXX

OCTOBER 15, 2024

One of the most significant challenges for employers today is managing the rising costs of workers’ compensation claims. This post will dive into the two primary reasons why workers’ compensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses.

Workers Compensation 86

Workers Compensation Compensation Workers Comp Injury 86

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 289

Compensation 289

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 264

Compensation Injury 264

Boyle Agency Insurance

SEPTEMBER 20, 2024

Workers Compensation Insurance – Essential For Business Owners And Employees Workers Compensation Insurance is required for businesses with more than one employee. If you own a business that has a work environment that’s a bit insecure, make sure you have a Workers Compensation Insurance policy in place.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insurance 52

Insurance Journal

OCTOBER 6, 2024

The amount of money an owner makes is directly proportional to the perceived importance, or success, to the person taking the money home. It is well known that there are factors that dilute this rule, but it still is a …

Compensation 130

Compensation 130

AMAXX

OCTOBER 8, 2024

In the world of workers’ compensation, one of the most powerful strategies for managing costs while helping injured employees return to work is the implementation of a transitional duty (TD) program. Transitional duty allows employees to return to the workplace in a modified capacity while they continue to recover from their injuries.

Workers Compensation 78

Workers Compensation Compensation Workers Comp Injury 78

AMAXX

AUGUST 7, 2024

When it comes to managing workers’ compensation, understanding classification rules is fundamental. The higher the risk, the higher the workers’ compensation premium for that classification. Be Proactive About Audits : Workers’ compensation audits are a routine part of ensuring that businesses are accurately classified.

Workers Compensation 74

Workers Compensation Compensation Workers Comp Premium 74

AMAXX

AUGUST 21, 2024

In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. Is the Cost for the Claim for Life?

Workers Compensation 92

Workers Compensation Compensation Workers Comp Injury 92

Simply Insurance

SEPTEMBER 16, 2024

Discover the factors that influence the cost of workers' compensation insurance, including industry type, employee roles, and state regulations. Learn how to estimate your premiums and find ways to save on coverage while ensuring your business is protected.

Workers Compensation Insurance 59

Workers Compensation Insurance Workers Compensation Compensation Premium 59

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 258

Compensation Agents Insured Insurance 258

LexisNexis

OCTOBER 10, 2024

Rassp, Presiding Judge, WCAB Los Angeles, California Division of Workers’ Compensation Disclaimer: The material and any opinions contained in this article are solely those of the authors and are not the opinions of the Department of Industrial Relations, Division of Workers’ Compensation, or the WCAB, or any other entity or individual.

Workers Compensation 75

Workers Compensation Compensation Workers Compensation Insurance Injury 75

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 277

Premium Workers Comp Compensation Workers Compensation Insurance 277

Simply Insurance

SEPTEMBER 18, 2024

Discover the factors that influence the cost of aviation workers compensation insurance, including coverage options, industry risks, and tips for finding the best rates for your business.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insurance 52

InsuranceBee

JULY 23, 2024

When you’re running a landscaping or lawn care business, one of the most crucial questions you can ask yourself is: do I need workers’ compensation insurance? The post Do landscaping companies need workers’ compensation insurance? Frankly, with workers’ comp, there’s little to no gray area. By most states’ statutory … Read more.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Workers Comp 52

AMAXX

SEPTEMBER 16, 2024

This helps in managing workers’ compensation costs more effectively, as the employer takes the lead in coordinating care and managing the return-to-work process. Proper documentation not only aids in managing the workers’ compensation claim but also helps protect the employer against potential legal challenges.

Injury 85

Injury Workers Compensation Compensation Workers Comp 85

InsuranceBee

MAY 24, 2024

When it comes to cleaning businesses, one of the most common questions we’re asked is: do janitors need workers’ compensation insurance? The post Why janitors need workers’ compensation insurance appeared first on InsuranceBee Blog. It protects your employees if they get injured or hurt while working for you.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insurance 52

Insurance Journal

OCTOBER 16, 2024

A man banned for life from the California workers’ compensation system after being twice convicted of fraud was charged with billing nearly $100 million as part of an extensive workers’ comp fraud scheme. David Fish was charged along with a …

Workers Comp 279

Workers Comp Compensation Workers Compensation 279

Insurance Journal

OCTOBER 20, 2024

Workers’ compensation medical payments per claim in California were 10% below the median state of a 17-state study sample for claims with experience through March 2023, a study from the Workers Compensation Research Institute shows. The WCRI study, CompScope Medical …

Workers Compensation 147

Workers Compensation Compensation Claim 147

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 279

Workers Comp Compensation Workers Compensation Insured 279

Insurance Journal

OCTOBER 16, 2024

Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after Steward’s exit from the state, …

Liability 271

Liability Compensation Protection Risk 271

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 275

Compensation Workers Compensation Insured Insurance 275

Mark Jackson Insurance Agency

JUNE 17, 2024

Man Drilling into a Wooden Board by Thijs van der Weide Workers' compensation insurance is a fundamental aspect of running a business, providing vital protection for both employers and employees. State Laws and Requirements It's important to note that laws regarding workers' compensation insurance vary significantly by state.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Workers Comp 52

LexisNexis

OCTOBER 14, 2024

CALIFORNIA COMPENSATION CASES Vol. Solakyan Workers’ Compensation Insurance Fraud—Honest-Services Mail Fraud and Health-Care Fraud—Restitution—U.S. All rights reserved. JUST CLICK ON THE CASE NAMES BELOW… Federal Circuit Court Opinion of Related Interest United States of America v.

Compensation 40

Compensation Injury Workers Compensation Insurance Workers Compensation 40

Insurance Journal

AUGUST 13, 2024

The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West Virginia voluntary market. If approved by regulators, it would mark the 20th straight year of rate decreases for the state, …

Workers Comp 261

Workers Comp Compensation Insured Insurance 261

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 262

Policy Compensation Claim Workers Compensation 262

Insurance Journal

OCTOBER 3, 2024

Now, the company is likely facing liability lawsuits and heightened workers’ compensation costs after the deaths … A Tennessee plastics factory kept workers going until it was too late to evacuate before Hurricane Helene flooding swamped the building, employees have said.

Compensation 290

Compensation Liability Building Workers Compensation 290

AMAXX

JULY 29, 2024

In the realm of workers’ compensation, the role of an injury coordinator is pivotal. Based on the comprehensive guide from the Workers’ Compensation Manual, this blog will explore the responsibilities, best practices, and significance of an injury coordinator in an organization.

Workers Compensation 52

Workers Compensation Injury Compensation Workers Comp 52

Insurance Journal

OCTOBER 6, 2024

The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on long COVID claims. That’s from a report by …

Workers Comp 278

Workers Comp Claim Compensation Workers Compensation Insurance 278

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Mistake #1: Delayed Care Due to Uncertainty A significant mistake in handling workers’ compensation claims is delaying medical treatment for injured employee s.

Workers Compensation 52

Workers Compensation Compensation Claim Workers Comp 52

Insurance Journal

OCTOBER 3, 2024

The Workers’ Compensation Insurance Rating Bureau is giving its take on bills passed and passed on by California Legislature this year. The Legislature recessed for the year and Gov. Gavin Newsom had until Sept. 30 to sign or veto any …

Workers Comp 264

Workers Comp Compensation Workers Compensation Workers Compensation Insurance 264