Insurance Journal

NOVEMBER 18, 2024

Florida employers will soon see the smallest decrease in workers’ compensation rates in years – just a 1% reduction from current overall rates in the voluntary market. The Florida Office of Insurance Regulation announced Monday that the insurance commissioner had …

Workers Compensation 227

Workers Compensation Compensation Insurance Insurer 227

Insurance Journal

AUGUST 26, 2024

New Jersey has raised the cap on fees for attorneys handling workers’ compensation cases from 20% to 25% of settlements. The primary sponsors of S2822/A3986 were Senator Joseph Lagana and Assemblymen Anthony Verrelli and Robert Karabinchak. The measure passed the …

Workers Compensation 232

Workers Compensation Compensation 232

Insurance Journal

OCTOBER 31, 2024

New York employers will pay 22% less in the annual assessment to run the state’s workers’ compensation system in 2025. The rate assessed on standard premiums will be 7.1% beginning January 1, 2025, down from 9.2% The Hochul …

Workers Compensation 222

Workers Compensation Compensation Premium 222

Insurance Journal

JANUARY 16, 2025

A Virginia student assistant who suffered injuries in both knees after being kicked 25 times over a period of 11 days is not entitled to workers’ compensation benefits. The Virginia Workers’ Compensation Commission (WCC) upheld a deputy commissioner’s denial of …

Workers Compensation 182

Workers Compensation Compensation Injury Liability 182

Insurance Journal

NOVEMBER 17, 2024

Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.4%, and the residual market will …

Workers Compensation 221

Workers Compensation Compensation Insurance Insurer 221

Insurance Journal

JULY 21, 2024

Postal Service employee in Delaware who defrauded taxpayers of almost $100,000 in workers’ compensation benefits has been sentenced to probation. Lakisha Hines was sentenced Thursday after pleading guilty in March to one count of federal employee compensation …

Workers Compensation 198

Workers Compensation Compensation 198

Insurance Journal

NOVEMBER 21, 2024

The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submitted by the industry’s National Council on …

Workers Compensation 203

Workers Compensation Compensation Insurance Insurer 203

Insurance Journal

JULY 30, 2024

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workers’ compensation system? It’s the responsibility of the state’s …

Workers Compensation 220

Workers Compensation Compensation Claim 220

Insurance Journal

DECEMBER 11, 2024

A United Parcel Service (UPS) driver who was intoxicated when he crashed his semi-trailer delivery truck has been denied workers’ compensation benefits. Delaware Superior Court Judge Kathleen Vavala last week reversed a state Industrial Accident Board (IAB) ruling that Timothy …

Workers Compensation 209

Workers Compensation Compensation 209

Insurance Journal

OCTOBER 30, 2024

statewide average decrease in rates for workers’ compensation and employers’ liability insurance. New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation 205

Workers Compensation Compensation Liability Insurance Liability 205

Insurance Journal

OCTOBER 29, 2024

statewide average decrease in rates for workers’ compensation and employers’ liability insurance. New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation 196

Workers Compensation Compensation Liability Insurance Liability 196

Insurance Journal

NOVEMBER 19, 2024

A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for compensation. The Federal Court of Justice (BGH) ruled that the loss of control over one’s data online was grounds …

Compensation 203

Compensation Protection 203

Insurance Journal

SEPTEMBER 5, 2024

The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average. The new lower rates will apply to voluntary market policies effective on or after …

Workers Compensation 190

Workers Compensation Compensation Policy Insurance 190

Insurance Journal

AUGUST 8, 2024

The number of workers’ compensation claims for student-on-school-employee assault dropped significantly during the 2023-24 school year, according to data from Gallagher Basset. This change comes after two years of increasing claims following the 2020-21 school year. Citing client numbers covering …

Workers Compensation 188

Workers Compensation Compensation Claim Risk 188

Insurance Journal

OCTOBER 28, 2024

billion) compensation agreement with miners BHP, Vale, and Samarco for the Mariana dam collapse in 2015, one of the country’s worst environmental disasters. Brazil on Friday signed a 170 billion reais ($29.85 The collapse of the dam at the iron …

Compensation 207

Compensation Liability 207

Insurance Journal

DECEMBER 12, 2024

loss cost decrease in the workers’ compensation voluntary market along with rate decreases in the assigned risk market, effective April 1, 2025. Virginia has approved a 12.0% The State Corporation Commission (SCC) approved the proposed voluntary loss costs, along with …

Workers Compensation 177

Workers Compensation Compensation Risk Insurance 177

Insurance Journal

AUGUST 19, 2024

workers are growing more sour with their employment compensation, according to a survey released on Monday by the New York Federal Reserve. In its Survey of Consumer Expectations Labor Market Survey for July, the regional Fed bank said that …

Compensation 205

Compensation 205

Insurance Journal

SEPTEMBER 3, 2024

DETROIT (AP) — The Michigan Supreme Court on Friday shut the door on businesses seeking to be paid by the state for restrictions that harmed sales during the COVID-19 pandemic. The court, in a pair of 5-2 orders, let stand …

Compensation 247

Compensation 247

Insurance Journal

JULY 16, 2024

Frank Fasano, Director of Sales at ToughComp, a PCF business, shares insight from his years of experience working within industries that experience challenges finding affordable workers’ compensation policies.

Workers Compensation 178

Workers Compensation Compensation Risk Policy 178

Insurance Journal

SEPTEMBER 30, 2024

Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the recommendation is approved, it would mark the eleventh …

Workers Compensation 147

Workers Compensation Compensation Risk Insurance 147

Insurance Journal

OCTOBER 9, 2024

A Virginia man pled guilty to embezzling funds from his former employer, a fund that provides financial assistance to families of infants who suffer from brain or spinal cord injuries, reports the U.S. Attorney for Eastern Virginia. According to court …

Compensation 256

Compensation Injury 256

Insurance Journal

NOVEMBER 3, 2024

Last month we discussed the three components of owner compensation that we recommend. These include the management piece, production component and how to split up the profits all based on the performance of each owner. This month is an example …

Compensation 130

Compensation 130

Insurance Journal

JANUARY 14, 2025

A Hopkinton man was sentenced on Jan. 10, 2025 in federal court in Boston for defrauding the Internal Revenue Service (IRS) and Travelers Insurance Co. over wages he paid to employees of his two construction companies. According to U.S. Attorney …

Workers Compensation 183

Workers Compensation Compensation Insurance Insurer 183

Insurance Journal

JULY 14, 2024

reduction in workers’ compensation rates–a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. Massachusetts businesses will see an average 14.6% The lower rates go into effect on July 1, 2024.

Workers Compensation 130

Workers Compensation Compensation Insurance Industry Insurance 130

Insurance Journal

OCTOBER 14, 2024

In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while ensuring compliance and maintaining efficiency. This post is part of a series sponsored by Selectsys. To overcome these …

Underwriter 130

Underwriter Underwriting Workers Compensation Compensation 130

Insurance Journal

SEPTEMBER 3, 2024

Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending … state in recent years.

Workers Comp 263

Workers Comp Compensation Workers Compensation Insurance 263

Insurance Journal

JANUARY 3, 2025

An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite, certain, and unambiguous” as to the status of the coverage. As a result, Ace America Insurance Co. is obligated to …

Policy 264

Policy Compensation Workers Compensation Insurance 264

Insurance Journal

JANUARY 14, 2025

Dermatologicals, which include a number of high-priced, private label drugs, account for the biggest share of the total drug spend in the California workers’ compensation system, a new report shows. Data from the California Workers’ Compensation Institute shows recent shifts …

Workers Comp 221

Workers Comp Compensation Workers Compensation 221

Insurance Journal

JANUARY 3, 2025

Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. Colorado Gov. The big idea is that pulling up …

Workers Comp 268

Workers Comp Compensation Workers Compensation Insurance 268

Insurance Journal

SEPTEMBER 11, 2024

Nuclear verdicts in the United States are breaking records with 27 court cases each awarding compensation of more than US$100 million during 2023, according to Swiss Re executives. Social inflation in US rose to 7% in 2023 – a 20 …

Compensation 336

Compensation 336

Insurance Journal

JANUARY 15, 2025

A recent decision and concurring opinion by a Florida appeals court may have upset years of practice and could raise costs for workers’ compensation insurers. Some claims that carriers were once ready to close out of due to the statute …

Workers Comp 249

Workers Comp Compensation Claim Workers Compensation 249

Insurance Journal

OCTOBER 24, 2024

Brazilian authorities will sign on Friday a long-awaited reparation deal with miners Vale, BHP and Samarco over the 2015 Mariana dam collapse, the country’s presidential office said on Wednesday. The agreement will be signed in a ceremony attended by President …

Compensation 229

Compensation Liability 229

Insurance Journal

NOVEMBER 14, 2024

Texas’s worker’s compensation market is stable and steadily growing. The workers’ compensation market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation Annual Report 2024 from the Insurance Council of Texas. Texas has …

Workers Comp 228

Workers Comp Compensation Workers Compensation Insurance 228

Insurance Journal

OCTOBER 3, 2024

Now, the company is likely facing liability lawsuits and heightened workers’ compensation costs after the deaths … A Tennessee plastics factory kept workers going until it was too late to evacuate before Hurricane Helene flooding swamped the building, employees have said.

Compensation 278

Compensation Liability Building Workers Compensation 278

Insurance Journal

JANUARY 15, 2025

Two months after his law license was suspended and he was charged with illicitly filming renters at his beach property, a South Carolina workers’ compensation attorney now faces a civil lawsuit by one of the alleged victims. The lawyer for …

Workers Comp 267

Workers Comp License Compensation Liability Insurance 267

Insurance Journal

NOVEMBER 18, 2024

A construction industry captive insurer along with three construction contractors have filed a lawsuit alleging a massive New York fraud scheme involving staged workplace accidents and bogus workers’ compensation and personal injury lawsuits backed by complicit lawyers and medical providers.

Injury 275

Injury Compensation Claim Insurance 275

Insurance Journal

JANUARY 1, 2025

State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. This dividend equals roughly 15% of the estimated annual premium …

Policy 234

Policy Policyholder Compensation Premium 234