California Insurance Commissioner Ricardo Lara lowered the workers’ compensation insurance benchmark rate by 5 cents to $1.41 per $100 of payroll effective Sept. 1. Lara’s decision results in an average advisory pure premium rate that is below the $1.50 average …
Workers’ comp claim frequency among California’s private self-insured employers rose in 2020, fueled by a big increase in the incidence of indemnity claims, offsetting a decline in medical-only claim frequency, according to a new report from the California Workers’ Compensation …
Three Oklahoma state representatives have requested an interim study to investigate clinical outcomes of patients with pain following policies resulting in rapid reductions in opioid prescribing. Rep. John Talley, R-Stillwater, said the study seeks to examine the effects of the …
Investors who lost fortunes in the failure of a multi billion-dollar nuclear reactor construction deal in South Carolina will soon begin to see their portions of a $192 million settlement, under a recently approved distribution. Last week, a federal judge …
Rams Food Inc., the operator of three Denny’s locations in the Houston area, has been cited for wage and overtime violations by U.S. labor officials. The U.S. Department of Labor’s Wage and Hour Division said an investigation found Rams Food …
A vacation rental building on Florida’s Gulf Coast was deemed structurally unsafe, leading to the voluntary evacuation of tourists who were staying there, officials said. Vacation rental companies sent the evacuated vacationers to other rental properties after the building was …
Westfield, a Westfield Center, Ohio-based super-regional property/casualty insurance company with a 173-year history, is entering the specialty insurance business with the launch of Westfield Specialty. Westfield appointed insurance veteran Jack Kuhn president of the new business. Current market conditions coupled …
AM Best revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of “bb+” (Fair) of Cameron Mutual Insurance Co. (Cameron …
The South Dakota Department of Education succeeded on July 19 in its second attempt to get legislators to approve rules for allowing medical marijuana in public schools. The Board of Education struck language that would have made the rules apply …
Four years after a carnival ride’s corroded steel arm snapped and flung a high school student to his death at the Ohio State Fair, the state is tightening its oversight of amusement rides. Inspectors are conducting more mandatory checks for …
