Workers' Compensation News
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Assembly Passes Bills to Aid Terrorism Victims, Change Composition of SCIF Board
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05/15/2017
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State: CA | Segment: WEST | 0 | Popular with Legal
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The California Assembly unanimously approved bills that would require employers to provide assistants to help workers injured in terrorist attacks obtain medical treatment, and to mandate that State Compensation Insurance Fund include a current or former small-business owner on its board of direc...Read More
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Attorney Doesn't Have to Reimburse Workers' Compensation Division
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05/12/2017
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Source: WorkCompCentral
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State: WY | Segment: WEST | 0 | Popular with Insurance
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The Wyoming Supreme Court ruled that a claimants’ attorney did not have to reimburse the state Workers' Compensation Division for fees incurred in litigating the question of whether he was required to file a designation of record, and that he was entitled to the full amount of his reque...Read More
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Aon's Net Income Falls 10% in Q1
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05/11/2017
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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Net income at Aon PLC fell 10% in the first quarter, to $291 million, compared to $325 million in the prior-year quarter.
Total revenue in the first quarter increased 5% to $2.4 billion, driven primarily by 4% organic revenue growth in commissions and fees, and a 3% increase in commi...Read More
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Appropriations Sends Corporate Officer Exemption to Senate Floor
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05/10/2017
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State: CA | Segment: WEST | 0 | Popular with Legal
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A bill that would lower the ownership threshold for corporate officers in California to be exempt from mandatory workers’ compensation coverage bypassed the Appropriations Committee and is eligible for final votes in the Senate.
...Read More
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Appellate Court Says Ratings Firm and Regulators Did Not Violate Sunshine Law
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05/10/2017
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By: J. Todd Foster (Reporter)
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State: FL | Segment: Top | 0 | Popular with Other
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An appellate court on Tuesday reversed a trial court ruling that the National Council on Compensation Insurance and Florida regulators violated the state’s Sunshine Law when deliberating last year's rate hike.
The 1st District Court of Appeal's panel ...Read More
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Alaska Legislature To Consider Carve-Outs
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05/10/2017
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State: AK | Segment: WEST | 0 | Popular with Legal
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An Alaska lawmaker has introduced legislation that would allow injured workers and employers to enter into a collective bargaining agreement that governs aspects of the workers' compensation process, an agreement known as a "carve-out."
HB 244 would allow for the negot...Read More
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AIG Flips to Q1 Profit; Buffett Explains Rationale for Reinsurance Deal
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05/09/2017
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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American International Group has reported net income in the first quarter of $1.18 billion, a reversal of a 183 million net loss in the first quarter of 2016.
Commercial insurance written net premiums decreased 17% in the quarter, to $3.63 billion. The commercial insurance combined ratio ...Read More
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Agency Signs Off on Revised Retrospective Rating Values
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05/09/2017
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State: NY | Segment: NORTH | 0 | Popular with Legal
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The New York Department of Financial Services has approved the Compensation Insurance Rating Board’s revised rating values for the Retrospective Rating Manual.
The revisions concern excess loss pure premium factors, excess loss and allocated expense premium factors, state hazard gro...Read More
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Appropriations Committee Passes Terrorism Bill
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05/05/2017
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State: CA | Segment: WEST | 0 | Popular with Legal
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The California Assembly’s fiscal committee unanimously approved a bill that would require employers to provide “immediately accessible advocacy services” for workers injured by acts of terrorism, after finding the measure does not come with a large price tag.
...Read More
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