Patriot National Insurance Group, a provider of workers’ compensation coverage, has announced its subsidiary Guarantee Insurance Co. is now licensed to write workers’ compensation insurance in Oregon and South Dakota. The addition of the recent states expands Guarantee’s presence in …
Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive quarter aggregate prices rose for all commercial …
Texas Mutual Insurance Company announced that the Texas Apartment Association (TAA) safety group earned a $355,922 dividend. The workers’ compensation dividend was based largely on the group’s overall safety record. Since 2009, Texas Mutual has paid nearly $1.2 million in …
A Delaware court recently ruled that an employer can compel a workers’ comp claimant to use the company’s preferred prescription medication vendor.The ruling from the Superior Court of the State of Delaware was issued on August 23, affirming an early …
Committees for the Workers’ Compensation Rating Bureau looking at data based on the savings promised by a bill to reform the state’s workers comp system may be recommending an adjustment to WCIRB’s upcoming pure premium filing. However, more study is …
New Jersey’s comptroller office says some workers’ compensation third party administrators (TPAs) have undisclosed side agreements with their vendors which require payments back to the TPAs. This “pervasive” practice often drives up workers’ comp costs for the public employers that …
Reaction to a decision by State Compensation Insurance Fund to restructure its broker distribution model has ranged from guardedly optimistic to visceral the day following the announcment. Under the new deal announced on Tuesday premium thresholds are being established to …
California’s State Compensation Insurance Fund will now require most of the roughly 5,000 brokers and agents the entity deals with to go through one of two wholesalers. An estimated 3,500 agents and brokers will be impacted. With the new deal, …
Connecticut Workers’ Compensation Commission issued its annual report on Sept. 1. The Commission touted a number of accomplishments for the fiscal year 2012, including: providing more effective and efficient services; improved monitoring of hearing backlogs; and enhanced online capabilities.”During the …
California’s State Compensation Insurance Fund has changed its broker distribution model, requiring most of the roughly 5,000 brokers and agents the entity deals with to go through one of two wholesalers. The change, which is effective Jan. 1, 2013, establishes …
