April 21, 2020
Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results for the year. The coronavirus pandemic has …
April 21, 2020
An Iowa beef processing plant that was idled after a coronavirus outbreak resumed production Monday, one day after the state said 177 workers there have tested positive. The Iowa Premium plant in Tama, owned by National Beef, had suspended production …
April 21, 2020
Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for workers’ compensation insurers. The governors of Kentucky, Arkansas, North Dakota and Florida and state regulators in Illinois, Washington, Michigan and …
April 20, 2020
California’s State Compensation Insurance Fund on Monday announced another series of actions designed to support policyholders and workers affected by the COVID-19 crisis, including doubling the size of its newly announced Essential Business Support Fund announced earlier this week to …
April 20, 2020
A coronavirus outbreak at a northeastern North Dakota wind turbine plant has ballooned to 110 cases in early testing and one city official said he expects a “prolonged battle” to control the spread. An uptick in cases at the LM …
April 20, 2020
Advocates for farm workers in Washington state have filed a lawsuit against the state seeking safer working conditions as the harvest season begins amid a coronavirus pandemic. Thousands of workers are already pruning grapevines and fruit trees and getting ready …
April 20, 2020
A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers’ compensation, a rise in business failures could pose a major challenge later. Unemployment claims for the …
April 20, 2020
Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation of their workers’ compensation premium. The …
April 20, 2020
Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons and workers. Business owners hit hard by Covid-19 are eager to get back to work as the outbreak shows signs …
April 20, 2020
The Florida Office of Insurance Regulation has issued an informational memorandum to all insurers and entities authorized to write workers’ compensation insurance providing guidance on the treatment of policyholders affected by COVID-19. The memo is in response to Chief Financial …