Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face challenges related to virus-related insurance losses and premium volume declines in 2021, according to Fitch Ratings. The operational and risk …
A former New York City Transit subway conductor has been arraigned on an indictment in which he is charged with grand larceny and other crimes for allegedly stealing approximately $114,000 in workers’ compensation payments from NYC Transit. “This defendant allegedly …
California Insurance Co. has filed an “Anti-SLAPP” motion the company says is to protect its First Amendment rights in its ongoing legal battle with the California Department of Insurance and Insurance Commissioner Ricardo Lara. Anti-SLAPP laws (Strategic Lawsuit Against Public …
A federal judge dismissed New York warehouse workers’ lawsuit against Amazon, ruling that their allegations about the company’s handling of the COVID-19 pandemic should have been brought to the Occupational Safety and Health Administration instead. The lawsuit filed in June …
Delaware workers’ compensation insurance rates will decrease for the fourth year in a row, effective December 1, 2020. This comes as the voluntary market is seeing yet another double-digit decrease in loss costs, with an average 11.56% reduction, and residual …
Claims adjuster, Agop Sarafian, 65, of La Crescenta, Calif., and chiropractor, Shahe Topjian, D.C. 65, of Granada Hills, Calif., were arrested on felony insurance fraud charges after allegedly conspiring to defraud Sarafian’s employer, the State Compensation Insurance Fund, by setting …
The city of Baltimore has agreed to pay workers compensation benefits to the family of a police detective who was fatally shot in the head a day before he was scheduled to testify before a grand jury investigating police corruption. …
When the coronavirus pandemic slammed the United States in March, the Detroit Three automakers shut their plants and brought their North American vehicle production to an unprecedented cold stop. Now, four months after a slow and sometimes bumpy restart in …
Despite the economic challenges from the coronavirus pandemic, the workers’ compensation insurance market is likely to report strong profitability in 2020 thanks to savings from lower claims frequency due that are currently outpacing pandemic-related losses, according to Fitch Ratings. However, …
AccuRisk Solutions has teamed up with Convex Group to offer occupational accident and employer’s liability coverage to Texas employers that have opted out of workers’ compensation. AccuRisk254 is available in all Texas counties. AccuRisk said the partnership allows it to …
