FRANKFORT, Ky.– An annual filing most insurance carriers will use to develop rates for workers’ compensation coverage shows the sixth consecutive overall decrease in loss costs, Department of Insurance Commissioner Sharon P. Clark announced today. The 2011 filing, approved by the state Department of Insurance and effective Oct. 1, is by the National Council on… [Continue Reading]
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“Grow Ohio” Workers’ Comp Incentives Proposed to Support Job Creation
COLUMBUS – The Ohio Bureau of Workers’ Compensation has proposed an economic development initiative that could discount a new Ohio employer’s premium by as much as 51 percent. If approved by the BWC Board of Directors, Grow Ohio would offer eligible employers a 25 percent discount on their workers’ compensation premiums for two years, or… [Continue Reading]
Florida CFO Announces First Meeting of Workers’ Comp Fraud Work Group
Tallahassee, FL – Florida Chief Financial Officer Jeff Atwater announced the first meeting of the Money Service Business Workers’ Comp Fraud Work Group. At the Aug. 2 Cabinet meeting, CFO Atwater announced the creation of the work group to review the practices of certain bad actors in the check cashing services industry aiding in workers’ compensation premium fraud… [Continue Reading]
Oregon Work Comp Division Posts Update on Employer-paid Medical Claims Costs
The Oregon Workers’ Compensation Division has posted the following bulletin on how to apply employer-paid medical reimbursement claim costs for individual claims for unit statistical reporting purposes, and provides max reimbursement amounts. An employer may choose to reimburse its workers’ compensation insurer for medical services on accepted non-disabling claims… [Continue Reading]
Secretary of Labor Releases Statement on Fatal Occupational Injuries in 2010
Preliminary results from the Bureau of Labor Statistics’ National Census of Fatal Occupational Injuries released today show little change in the number of workplace fatalities in 2010 compared with 2009. Last year, 4,547 workers died from work-related injuries, down from a final count of 4,551 fatal work injuries in 2009. In response, Secretary of Labor… [Continue Reading]
A.M. Best Revises Outlook to Negative for SeaBright Ins Co and SeaBright Holdings, Inc.
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A- (Excellent) and issuer credit rating (ICR) of “a-” of SeaBright Insurance Company (SeaBright) (Chicago, IL). Concurrently, A.M. Best has revised the outlook to negative from stable and affirmed the ICR of “bbb-” of… [Continue Reading]
myMatrixx Applying for URAC Workers’ Compensation Pharmacy Accreditation
myMatrixx®, a full-service pharmacy and ancillary medical benefits management company, announced today that it is applying for Workers’ Compensation Pharmacy Accreditation from URAC, a Washington, DC-based health care accrediting organization that establishes quality standards for the health care industry. Workers’ Compensation…[Continue Reading]
Company Ordered to Pay $300K to Texas Mutual
Texas Mutual Insurance Company reported recently that Bar H Concrete, Inc. of Sulphur Springs pleaded guilty to workers’ compensation fraud-related charges. A Travis County district court ordered Bar H Concrete to pay $300,000 in restitution to Texas Mutual. Bar H Concrete, owned by Charles Rick Henderson and John Herbert Heilman of Sulphur Springs, obtained workers’ compensation… [Continue Reading]
Liberty Mutual Webinar Explores Workers Comp Implications of Aging Workforce
BOSTON–(BUSINESS WIRE)–To help workers compensation buyers, brokers and agents better control the cost of claims from older employees, Liberty Mutual developed the “When I’m 64: Health and Safety issues of the Aging Worker” webinar. Uncontrollable demographic trends result in an older workforce. Between 2005 and 2010, the number of… [Continue Reading]
US Department of Labor Improves Enforcement Databases
WASHINGTON — The U.S. Department of Labor today announced enhancements to its online enforcement database designed to improve public access to and understanding of the department’s enforcement actions. The updated website includes a number of new features, including map displays of inspection and violation data from the department’s Occupational Safety… [Continue Reading]