Workers' Compensation News
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Failed Trust Submits Novation Plan to Insurance Commissioner
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07/08/2013
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State: KY | Segment: Top | 0 | Popular with Insurance
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By Michael Whiteley, Eastern Bureau ChiefThe governing board of the Kentucky School Boards Insurance Trust has asked state Insurance Commissioner Sharon P. Clark to approve a plan that would transfer more than $45 million in w...Read More
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Fairpay Class Settlement Withstands Challenge by Qmedtrix
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07/08/2013
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By: Sherri Okamoto (Legal Reporter)
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State: LA | Segment: Top | 0 | Popular with Legal
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Qmedtrix can't challenge a settlement in which rival Fairpay seeks to resolve claims that it instructed clients to underpay medical bills because it could gain an unfair advantage in doing so, the Louisiana Court of Appeal said.Qmedtrix alleged that a proposed settlement between Fair...Read More
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FASB's Proposal to Impact Accounting of Insurers, Comp Liabilities
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07/01/2013
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State: NA | Segment: Top | 0 | Popular with Legal
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By David Dankwa, Senior ReporterWorkers’ compensation carriers, along with nearly all insurance companies, will be affected by the Financial Accounting Standards Board’s proposal to change the accounting rules for insurance contracts, especially how insurance liabilities are ...Read More
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Former AIG Global Tax Director Joins XL Group
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06/27/2013
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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XL Group has appointed Philip Jacobs as its new global head of capital management, corporate development and tax.Jacobs will report to Peter Porrino, executive vice president and chief financial officer. He will be based in Stamford, Conn.Jacobs joins XL Group from Barclays B...Read More
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Food Storage Employer Settles ADA Suit for $46,000, EEOC Says
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06/26/2013
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State: KY | Segment: EAST | 0 | Popular with Legal
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An Atlanta-based food storage company agreed to pay $46,000 to settle a disability discrimination suit filed by a former employee who had alleged that the employer refused to provide her with a reasonable accommodation that would allow her to return to work.The Equal Employment Opportuni...Read More
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Feds Log 24th Guilty Plea in Long Island Rail Road Probe
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06/26/2013
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State: NY | Segment: EAST | 0 | Popular with Legal
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Federal prosecutors on Monday announced the 24th guilty plea in the continuing investigation of pension and disability fraud on the Long Island Rail Road (LIRR).U.S. Attorney Preet Bharara said Steven Gagliano, 55, a railroad signalman, pleaded guilty to using a false disability claim to...Read More
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Fatal Fall Leads to $54k in Proposed OSHA Fines
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06/26/2013
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State: ND | Segment: CENTRAL | 0 | Popular with Legal
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The Occupational Safety and Health Administration cited a North Dakota agricultural service center for two safety violations after a worker died while unloading a grain elevator in January.The federal agency cited Plains Grain & Agronomy for two safety violations and proposed fines o...Read More
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Fitch Projects 105% Combined Ratio for Work Comp Segment in 2013
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06/25/2013
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Rating agency Fitch said underwriting results for the U.S. workers’ compensation market are set to improve during the remainder of the year, reversing several years of poor performance.Fitch is projecting a 105% combined ratio this year. In 2012, the industry aggregate combined rat...Read More
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Fire District to Examine Light-Duty Policy
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06/24/2013
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State: MO | Segment: CENTRAL | 0 | Popular with Legal
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The Monarch Fire Protection District will review its light-duty policies in response to public complaints about its workers' compensation experience. Residents complained during Thursday's meeting that the district's 19 workers' compensation claims represent an unusually ...Read More
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Failed School Trust Nearing Decision on Dealing with Deficit
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06/21/2013
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State: KY | Segment: Top | 0 | Popular with Insurance
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By Michael Whiteley, Eastern Bureau ChiefDirectors of the nearly defunct Kentucky School Boards Insurance Trust and state regulators will decide sometime this fall whether to put the trust into run-off or transfer the remainin...Read More
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