Denver, CO – Pinnacol Assurance recently awarded grants totaling $94,136 to seven Colorado nonprofits to help injured workers get back to work and stay healthy, and ensure that Colorado has a robust business climate and the workforce it needs. These grants bring Pinnacol’s annual commitment in 2018 to $450,861 through 26 grants to 22 different… [Read more]
Risk Management News
Travelers Partners with Gilbane and Triax Technologies to Test Wearables for Construction Industry
Hartford, CT – The Travelers Companies, Inc. (NYSE: TRV) today announced a collaboration with Gilbane, one of the country’s largest contractors, and Triax Technologies, a leader in Internet of Things (IoT) construction technology, to explore the potential safety benefits of wearable devices. “Work-related injuries remain a significant source of exposure for contractors, and it’s a… [Read more]
Ohio Employers Receive $695,000 in Workplace Safety Grants
Columbus, OH – Thirty Ohio employers will share $695,144 in grants from the Ohio Bureau of Workers’ Compensation (BWC) to purchase equipment designed to substantially reduce or eliminate workplace injuries and illnesses. “The safety grant program helps employers purchase equipment that not only protects workers from injury but in many cases also improves processes and… [Read more]
AK Penalties for Violations of Occupational Safety and Health Standards to Change on Oct. 20
Juneau, AK – Beginning October 20th, new maximum and minimum civil penalties will apply to employers who violate Alaska’s occupational safety and health standards. Regulations signed September 27th require the Department of Labor and Workforce Development to publish maximum penalties annually based on adjustments to the Consumer Price Index. The new regulations will bring Alaska… [Read more]
NC Industrial Commission Announces Proposed Decrease to Workers’ Comp Insurance Rates
Raleign, NC – The North Carolina Industrial Commission recently announced that its continued efforts to improve the workers’ compensation system have realized tangible system-wide savings. On August 29, 2018, the North Carolina Rate Bureau filed a proposed average 17.2 percent decrease in its residual market rate filing. A As part of the proposed decrease, the… [Read more]
NSC Report: 69 Percent of Employees, Many in Safety-Critical Jobs, Are Tired at Work
Itasca, IL – A National Safety Council survey report recently found 69 percent of employees – many of whom work in in safety-critical industries – are tired at work, increasing the risk of injuries and incidents on the job. The report, Fatigue in Safety-Critical Industries: Impact, Risks and Recommendations, summarizes the results of two national… [Read more]
US DOL Awards Nearly $19 Million in Grants to Projects Designed to Keep Injured or Ill in the Workforce
Washington, DC – The U.S. Department of Labor’s Retaining Employment and Talent After Injury/Illness Network (RETAIN) recently announced nearly $19 million in grants to eight state agencies to identify new, replicable strategies to help those who develop a potentially disabling condition remain at or return to work. The primary goal of RETAIN demonstration projects is… [Read more]
Pinnacol Assurance Research Finds Common Work Injury Themes Across Industries
Denver, CO – Pinnacol Assurance recenly released new data compiling five years’ worth of claims information on injury causes across four major fields of employment in Colorado. The report shows commonalities in some fields, as well as prevalent causes for frequent injuries within the service/hospitality, professional/clerical, construction/natural resources and healthcare industries. “Some of the themes… [Read more]
SAIF Declares Substantial Dividend for Policyholders for Ninth Consecutive Year
Salem, OR – The SAIF board of directors recently declared two dividends for customers: a $120 million primary dividend to be paid to SAIF’s policyholders, and a $40 million safety performance dividend to be paid based on each policyholder’s safety results. “We’re a not-for-profit insurance company. That means when we have a good year, we’re… [Read more]
OR DCBS: Workers’ Compensation Costs to Drop for Sixth-Straight Year
Salem, OR – Oregon employers next year, on average, will pay $1.12 per $100 of payroll for workers’ compensation insurance, down from $1.23 in 2018, under a proposal by the Oregon Department of Consumer and Business Services (DCBS). That figure covers workers’ compensation claims costs, assessments, and insurer profit and expenses. This will mark the… [Read more]