Workers' Compensation News
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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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AFG Profit Grows to $153M in Q1
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05/05/2017
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State: NA | Segment: NATIONAL | 0 | Popular with Legal
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First-quarter net income at American Financial Group Inc. rose to $153 million in the first quarter, a 51% increase from $101 million in the same quarter of 2016, the company reported on Wednesday.
...Read More
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