workers’ compensation News

Method Insurance Brings Specialty Workers’ Comp Program to Illinois

Method Insurance Service is expanding and offering its specialty workers’ compensation program for underserved high-hazard, debit mod, mid-market risks in Illinois. Method is a program administrator for Service American Indemnity Company and now offers workers’ comp in 16 states focused …

Berkshire Hathaway’s Applied Underwriters Settles Workers’ Comp Dispute with New York

Berkshire Hathaway subsidiary Applied Underwriters will voluntarily halt the selling of a reinsurance-based, loss-sensitive workers’ compensation product in New York under an agreement with the state regulator who first raised questions about the product three years ago. Applied Underwriters will …

Report: California Private Self-Insured Employers Comp Claim Frequency Rose Last Year

Workers’ compensation claim frequency reported by private self-insured employers in California rose last year, as the incidence of both indemnity and medical-only claims rose from the 2017 levels, the California Workers’ Compensation Institute reported. This is the second consecutive year …

Investigation Indicates Widespread Fraud in the New York City Towing Industry

New York City Department of Consumer and Worker Protection (DCWP) Commissioner Lorelei Salas has announced an investigation into the tow truck industry that suggests widespread insurance and workers’ compensation fraud. DCWP is in the process of notifying approximately 130 tow …

Scholarship Organization Forms in Maine to Assist Children of Injured Workers

Representatives of employers, organized labor, insurance companies, plaintiff’s attorneys, medical providers and defense attorneys have formed Kids’ Chance of Maine to provide scholarships to the children of workers who have been seriously injured or killed on the job. The Maine …

Worker Dies From Late June Explosion at Facility in NW Louisiana

A northwest Louisiana coroner says a 43-year-old man has died of injuries from an industrial explosion late last month. The Caddo Parish Coroner’s Office says Jonathan Hall of the DeSoto Parish town of Stonewall died early Tuesday at Ochsner LSU …

No Workers’ Compensation Loss History? No Problem, Says Valen Analytics

Workers’ compensation carriers can now accurately score a policy even where there is no loss history on the account, according Valen Analytics, a data analytics and predictive modeling firm for the property/casualty insurance industry. Valen has released the latest in …

Pie Insurance Begins Providing Workers’ Comp Insurance in New Hampshire

Pie Insurance has begun providing workers’ compensation insurance to small businesses in New Hampshire. It simultaneously announced that it has begun providing workers’ comp insurance in Mississippi, Utah and West Virginia, now offering coverage in 29 states and the District …

Digital Workers’ Compensation Provider Pie Insurance Enters 4 Additional States

Pie Insurance said it has begun providing workers’ compensation insurance to small businesses in Mississippi, New Hampshire, Utah and West Virginia. With these additions, Pie now offers coverage in 29 states and the District of Columbia. In June, Pie Insurance …

Workers’ Comp Underwriting Looks Strong for 2019 But Rates Are Dropping: Fitch

The workers’ compensation market is on track for a fifth consecutive year of underwriting profits in 2019 despite recent weakening in market fundamentals. According to a Fitch Ratings report, the industry’s statutory combined ratio fell to 86% in 2018, and …