Workers’ compensation carriers with visions of profits over the next few years are dreaming. It ain’t goin’ to happen, according to insurance analysts at Standard & Poors Ratings Services. “All signs are pointing to more unprofitable years ahead for the …
Texas Mutual Insurance Company announced a $267,364 workers’ compensation dividend to the National Federation of Independent Business (NFIB) wholesale/retail safety group. The dividend was based largely on the safety group’s overall loss ratio. Members of the NFIB wholesale/retail safety group …
A majority of companies are using California Insurance Commissioner Dave Jones’ approved advisory pure premium rates in their rate filings for 2012, and the result is a combined increase of 2.8 percent for companies, according to Jones’ office. On the …
Federal officials have cited a Sunnyvale, Texas-based tile manufacturer for safety violations and proposed $318,000 in penalties. The U.S. Department of Labor’s Occupational Safety and Health Administration has cited American Marazzi Tile Inc. with 25 safety and health violations for …
Texas Mutual Insurance Co. reported Marvin Solano of Houston has pleaded guilty to workers’ compensation fraud-related charges. A Travis County district court ordered Solano to pay $140,038 to Texas Mutual, pay a fine of $1,000, serve 10 years of deferred …
Christopher Carlson has been appointed as chief actuarial officer of the Ohio Bureau of Workers’ Compensation (BWC). Carlson will be responsible for directing the activities of BWC’s actuarial division, setting employer premium rates to cover the cost of care for …
Lola Dada-Olley has joined the Illinois Workers’ Compensation Commission as deputy counsel. Dada-Olley prior work history includes a mixture of policy, communications, and law, both in the private and public sector. She has worked for Eli Lily, the Emmy Foundation, …
Workers’ compensation costs per claim in Florida, which dropped in the year following system reforms in 2003, showed signs of growth from 2005 to 2009, according to a new study. The WCRI study found that the average indemnity cost per …
Authorities say four men suffered burn injuries on Jan. 12 in an explosion at a business in south Edmond, Okla. Edmond Fire Department Maj. Kelly Lewis told reporters at the scene that one man suffered third-degree burns and the others …
A state workers’ compensation commissioner has filed a lawsuit accusing Iowa Gov. Terry Branstad of discrimination because the governor cut his salary by more than $30,000 after he declined to resign. Iowa Workers’ Compensation Commissioner Chris Godfrey filed the lawsuit …
