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Sacramento, CA – The Association of California Insurance Companies (ACIC) recently applauded the California Senate Rules Committee’s confirmation of Christine Baker as director of the Department of Industrial Relations and Rosa Moran as administrative director of the Division of Workers’ Compensation. The Senate Rules Committee voted… [Continue Reading]
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]
Washington, D.C. – The Property Casualty Insurers Association of America (PCI) today applauded House leaders for introducing H.R. 5284, the bipartisan Medicare Secondary Payer and Workers Compensation Settlement Agreements Act of 2012 that includes important reforms for the Medicare Secondary Payer (MSP) system to help many… [Continue Reading]
Cambridge, MA, — Employers, insurers and state workers’ compensation agencies can learn why injured workers seek legal counsel and how to reduce unnecessary litigation in the system at a webinar featuring the latest research on this contentious issue from the Workers Compensation Research Institute (WCRI). Workers’ attorneys argue… [Continue Reading]
Latham, NY – Seventy-eight percent of respondents to a new survey of New York State municipalities report that their workers’ compensation costs have increased since 2007, when New York State passed the Workers’ Comp Reform Act, despite cost reduction as a key goal. More than half of all respondents said that their public entity’s workers’ compensation… [Continue Reading]
Washington, D.C. – The American Insurance Association (AIA) recently applauded the introduction of bipartisan legislation, “The Medicare Secondary Payer and Workers’ Compensation Settlement Agreement Act of 2012,” by Rep. Dave Reichert (R-WA) and Rep. Mike Thompson (D-CA). The bill aims to resolve… [Continue Reading]
Springfield, IL – The Illinois Auditor General’s Office has recently released their audit of the Workers’ Compensation Program as it applies to State employees, identifying what the auditor referred to as “numerous shortcomings in both the structure and operations” of the workers’ compensation program… [Continue Reading]
Hartford, CT -(PRNewswire)- As the economy recovers, workers’ compensation may see different directional trends, leading to a complex mixture of improvement and further deterioration, according to a new study by Conning Research & Consulting. “The workers’ compensation line of insurance saw its last year of underwriting profit in 2006… [Continue Reading]
Chicago, IL – As part of its ongoing effort to save the health system billions of dollars by improving the efficiency of medical claims processing, the American Medical Association (AMA) recently announced its support for a model state regulation intended to encourage electronic processing of medical claims in the workers’ compensation system… [Continue Reading]
Boca Raton, FL – In the latest issue of their Gauging the Economy newsletter, NCCI examines the current state of the economy and the implications for workers compensation insurance. Key findings included recent increases in employment growth suggest that the recovery is gaining some traction. Barring any slowdown due to rising… [Continue Reading]
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