While Oklahoma recently adopted legislation under which employers may choose an alternative to the statutory workers’ compensation system in certain circumstances, Texas still the only state in which participation in the workers’ compensation system is truly voluntary. As such, many …
Low catastrophe activity and claims experience so far this year have helped to put Texas’ insurer of last resort for properties along the Gulf Coast in a better position to face the 2014 hurricane season than it has been in …
Richard Gergasko, CEO of workers’ compensation insurer, Texas Mutual Insurance Co., describes himself as an insurance geek. Trained as an actuary, he’s been involved in the insurance business for 30 years. With Texas Mutual since February 2013, Gergasko previously worked …
The efforts undertaken by Meadowbrook Insurance Group in the past couple of years to improve its underwriting performance and profitability appear to be working. In a conference call to discuss results for the first quarter of 2014, Robert S. Cubbin, …
The federal terrorism risk insurance backstop, in place in one form or another since 2002, will likely be reauthorized by Congress, and in the absence of a major catastrophe — man-made or otherwise — the current stability in the property/casualty …
The efforts undertaken by Meadowbrook Insurance Group in the past couple of years to improve its underwriting performance and profitability appear to be working. In a conference call to discuss results for the first quarter of 2014, Robert S. Cubbin, …
As in other states with no restrictions on pricing in the workers’ compensation system, medical costs per claim are high and are rising in Indiana, according to a recent study by the Workers’ Compensation Research Institute in Cambridge, Mass. Hospital …
The transition of Oklahoma’s workers’ compensation system from a court-based system to an administrative one became effective Feb. 1, a change that proponents say will lower costs and help make the state more competitive in attracting businesses. In May 2013, …
There are essentially two types of workers’ compensation fraud – premium fraud and claimant fraud – and insurance producers can play a role in the discovery and resolution of both, according to one investigator who has brought some 800 cases …
The state of Iowa on May 20-22 will host its first-ever Global Insurance Symposium, a privately funded event that aims to bring insurance professionals and regulators from around the world together to discuss the challenges facing the global insurance industry …
