Latest Workers' Compensation Headlines
All the headlines from our Workers' Compensation Topic Page, ordered by recency.
Florida Approves 14.5% Workers’ Comp Rate Hike in Response to Court Rulings
Sep 27 2016 // The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in...
What’s Ahead in Health Care Workers’ Compensation?
Sep 27 2016 // For the 2017 accident year, health care systems will face a complex environment of emerging risks that will have a direct impact on workers’ compensation, according to analysts at Aon Global Risk Consulting. The risk...
Workers’ Compensation for PEOs and Their Employees
Sep 27 2016 // Professional employer organizations (PEOs) began their rise after the adoption of the Tax Equity and Fiscal Responsibility Act of 1982 cleared a path for the creation and expansion of such entities. Between 780 and 980...
Could Trouble with Comp Products from Berkshire Affiliates Land in Brokers’ Laps?
Sep 26 2016 // Insurance brokers who sold allegedly illegal workers’ compensation products from Berkshire Hathaway affiliates involved in legal and regulatory troubles in New York and California could end up being strapped with...
ICW Group Now Writing Workers’ Compensation in Michigan, Oklahoma, Tennessee, Virginia
Sep 26 2016 // ICW Group Insurance Companies has begun writing workers’ compensation four additional states—Michigan, Oklahoma, Tennessee and Virginia. The San Diego-based company says the move bolsters its presence across the...
Texas Sets Workers’ Comp Discount, Interest Rate for Q4 2016
Sep 26 2016 // The Texas Department of Insurance, Division of Workers’ Compensation has set a rate of 4.11 percent for any interest or discount provided for in the state’s workers’ compensation statute. The rate is...
Texas Nonsubscriber Specialist CPro Associates Buys Accident Insurance Services
Sep 22 2016 // Dallas-based general agency CPro Associates Inc. has acquired Accident Insurance Services Inc., also of Dallas. Both companies specialize in Texas nonsubscriber occupational injury benefit plans. The stock purchase...
CoverHound Small Business Commercial Suite Goes Live
Sep 21 2016 // Online personal insurance seller CoverHound is adding business insurance offerings— including workers’ compensation and commercial auto— to its online platform at CoverHound.com. The site is starting by focusing...
Florida Awaiting Final Workers’ Comp Rate Decision
Sep 20 2016 // The rate impact of recent Florida Supreme Court rulings on the state’s workers’ compensation system is currently in the hands of regulators, as the Office of Insurance Regulation (OIR) decides on the National...
Russell Tapped to Serve on Oklahoma Workers’ Comp Panel
Sep 19 2016 // An attorney who most recently served as policy director and counsel to Oklahoma House Speaker Jeff Hickman has been appointed to fill a vacancy on the Oklahoma Workers’ Compensation Commission. Gov. Mary Fallin on...
Kentucky Workers’ Comp Loss Costs to Decrease by 5 Percent
Sep 19 2016 // The Kentucky Department of Insurance has approved the annual workers’ compensation rate filing from the National Council on Compensation Insurance Inc. (NCCI) with a rate decrease of five percent on average. It is...
Future Workers’ Compensation Profitability Faces Obstacles
Sep 19 2016 // Workers’ compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in 2015. However, long-term...
Morale, Predatory Attorneys Keep El Pollo Loco Risk Director Busy
Sep 19 2016 // Maintaining a culture of safety is a company-wide initiative for California- based El Pollo Loco, according to Shaun Jackson, director of risk management for the restaurant chain. While employee morale and predatory...
Report Details Drug Dispensing in California Workers’ Comp
Sep 15 2016 // California’s Workers’ Compensation Insurance Rating Bureau has issued a report that shows the share of drug payments made directly to dispensing physicians compared with pharmacies fell by 20 percent over three...
Oregon’s SAIF Announces $140M in Dividends to Workers’ Comp Policyholders
Sep 15 2016 // The Oregon SAIF board of directors has decided to give workers’ compensation policyholders two dividends this year totaling $140 million. One dividend is based on premium, and the another is tied to safety...
Trench Safety Hazards Lead to $121K in Fines for Austin Contractors
Sep 14 2016 // Two Austin, Texas, construction contracting firms are facing more than $121,000 in combined fines for workplace safety violations involving trenching hazards. The Occupational Safety and Health Administration on Sept. 6...
$411K in Fines Proposed in Nebraska Grain Elevator Fatality
Sep 14 2016 // A federal safety agency has proposed more than $411,000 in penalties against the operator of a south-central Nebraska grain elevator where a worker was killed. The Occupational Safety and Health Administration said in a...
Oklahoma Supreme Court Rules Workers’ Comp Opt-Out Unconstitutional
Sep 14 2016 // The Oklahoma Supreme Court handed a major setback to proponents of workers’ compensation alternatives on Sept. 13, ruling that the state’s Opt Out Act is unconstitutional. The high court’s 7-2 ruling came...
Workers’ Compensation Market Enters Soft Market: A.M. Best
Sep 14 2016 // The workers’ compensation market has likely entered a soft market phase based on a declining trend in price increases that began in 2013, according to a new report from A.M. Best. The report titled, “State...
CompWest to Offer Workers’ Comp to Artisan Contractors in California, Utah
Sep 14 2016 // CompWest Insurance has launched workers’ compensation insurance for artisan contractors in California and Utah. The program targets artisan construction operations with annual premiums between $25,000 and $250,000 in...
