It Figures

$7 Million

The amount North Carolina employers’ stand to save on workers’ compensation over what the industry requested under a settlement reached with the state. The settlement orders a 0.6 percent increase for voluntary market loss costs and 4.1 percent increase for the assigned risk markets. The changes are effective April 1, 2011. The original filings requested an increase of 1.2 percent for the voluntary market and 5.5 percent in the assigned risk markets.

11

The number of recommendations in a federal study that concluded that the blaze that took the lives of 9 firefighters and gutted the Sofa Super Store in Charleston, South Carolina in 2007 could have been prevented. In particular, the report’s authors urged state and local communities to adopt and strictly adhere to current national model building and fire safety codes.

12.4%

The drop in voluntary market workers’ compensation loss costs being considered by Alabama insurance regulators. Citing reduced claims frequency, workers’ compensation insurers have also recommended that assigned risk loss costs be reduced by an average 8 percent. Unless blocked by Insurance Commissioner Jim Ridling, the changes would go into effect next March.

$30 Million

The monetary award approved by the Kentucky Court of Appeals in a lawsuit over the death of a University of Kentucky football player. The court halved the $60 million originally awarded in punitive damages in the death of Trent DiGiuro, whose family sued Shane Ragland, who admitted fatally shooting DiGiuro as the player celebrated his 21st birthday in 1994.

500,000

The number of members claimed by the Kentucky Farm Bureau (KFB) in October. KFB increased its membership total from last year by 16,964 and became just the third Farm Bureau in the country to eclipse the half-million member family level. Today, nearly one out of every three Kentucky households is a member of KFB.

Topics Workers' Compensation Kentucky