May 5, 2012

OK State Chamber: Workers’ Comp Reform Dies Despite Concerns Over Current System

The State Chamber of Oklahoma

Oklahoma City, OK – State Chamber President Fred Morgan comments below on HB 2155 being dead for this legislative year. The bill would have allowed Oklahoma employers to offer alternative workers’ compensation insurance to their employees, as long as the benefits were similar to the state’s plan: “Oklahoma’s high workers’ compensation… [Continue Reading]

Ohio BWC to Stabilize Private Employer Workers’ Compensation Premium Rates

Ohio BWC

Columbus, OH – The Ohio Bureau of Workers’ Compensation (BWC) presented a plan to hold next year’s statewide average base premium rate for private employers paying into Ohio’s workers’ compensation system at the current level. If approved by the BWC Board of Directors at their next meeting in May, the plan would extend… [Continue Reading]

NCCI Releases New Research Study on Benefit Duration

NCCI Holdings, Inc.

Boca Raton, FL – NCCI’s newest research brief updates a previous paper published in 2011. While this study confirms prior findings that average duration of payments for Temporary Total Disability (TTD) indemnity benefits has been increasing since the onset of the recession in late 2007, there is evidence that the trend might be… [Continue Reading]

Schools, Manufacturers Earn Combined $1M in Dividends from Texas Mutual

Texas Mutual

Austin, TX – Texas Mutual Insurance Company announced today that the Texas Schools Group and Texas Association of Manufacturers safety groups earned a combined $1,094,336 in dividends. The workers’ compensation dividends were based largely on each group’s overall loss ratio. The largest dividend… [Continue Reading]

Ohio BWC: MCO Open Enrollment for Ohio Employers Begins April 30

Ohio BWC

Columbus, OH – Ohio employers will soon have an opportunity to select a new managed care organization (MCO) to manage health-care services for workers injured on the job. The Ohio Bureau of Workers’ Compensation (BWC) offers an open enrollment period every two years to allow employers to evaluate the services of… [Continue Reading]

KY Governor Signs Bill to Battle Prescription Drug Abuse, Pill Mills

Kentucky State Seal

Frankfort, KY – Calling it “a critical bill for the health and safety of Kentuckians,” Governor Steve Beshear recently signed House Bill 1 – robust legislation designed to reduce the destructive impact of prescription drug abuse on Kentucky families. “This bill is a huge accomplishment that will save Kentuckians’ lives as we battle the scourge of prescription drug abuse… [Continue Reading]

PBA Workers’ Compensation Program Expands into New Jersey

Eastern Insurance Holdings, Inc.

Lancaster, PA -(PRNewswire)- Eastern Alliance Insurance Group (“EAIG”) announced today that the Pennsylvania Builders Association (“PBA”) Workers’ Compensation Program (“the Program”) is expanding into the New Jersey marketplace. EAIG is a member of the publicly-traded Eastern Insurance Holdings, Inc. (“EIHI”, NASDAQ: EIHI) family… [Continue Reading]

CA Insurance Commissioner Announces Arraignment of Contractor for Fraud

CA Department of Insurance

Sacramento, CA – Insurance Commissioner Dave Jones recently announced that Jeong M. Baek, 36, the owner of Baeks Brother Construction, Inc. has been arraigned on one felony count each for violating Penal Code Section 550 (b) (3), Insurance Fraud, Penal Code Section 664/118, Attempted Perjury, Insurance Code Section 11880 (a), Workers’ Compensation… [Continue Reading]

TDI-DWC Approves 7 to Self-Insure for Workers’ Compensation

Texas Dept of Insurance (TDI)

Austin, TX – The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved seven renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These companies collectively employ approximately… [Continue Reading]

Ohio BWC Gets 10 Workers’ Comp Fraud Convictions in March

Ohio BWC

Columbus, OH – Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Steve Buehrer recently announced 10 individuals were convicted of or pleaded guilty to charges related to defrauding Ohio’s workers’ compensation system during March. The court actions are the result of investigations conducted by BWC’s special investigations… [Continue Reading]

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