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Workers' Compensation News

ISO Launches Risk Mgmt Database Link 04/22/2003
State: Natl. | Segment: Top | 44 | 0
Insurance Services Office, Inc.'s (ISO) Engineering and Safety Service (E&S[TM]) unit has introduced a new Enterprise Subscription Service that enables insurance companies to connect their extranets for agents, policyholders and risk managers directly to the E&S database for business-related risk-ma...Read More
IN Sup Crt: WC Exclusive for Bad Faith Claim 04/21/2003
State: Natl. | Segment: Top | 116 | 0
The Indiana Supreme Court recently upheld the "exclusive remedy" of workers' compensation by dismissing an injured worker's suit against a carrier alleging intentional deprivation of certain statutory rights by refusing to provide workers compensation benefits and by denying him access to timely med...Read More
IL Gov Proposes 100% User Funding for IIC 04/21/2003
State: Natl. | Segment: Top | 39 | 0
Copley News Service reported Saturday that Illinois Gov. Rod Blagojevich's proposed budget has its own form of "user funding" by extracting from employers an additional $1.50 for every $100 paid out to injured workers, whether they lose at trial or settle ahead of time. Blagojevich says that...Read More
Insurity Releases New Underwriting System 04/18/2003
State: Natl. | Segment: Top | 85 | 0
Insurity Inc., a ChoicePoint company (NYSE: CPS), has announced the latest enhancement to its policy processing platform. The new Commercial Intellisys(R) - Underwriting Forms program facilitates "virtual" electronic management of all company-specific and industry-standard forms used to support a wi...Read More
ISO Says Investments Negated P&C Price Increases 04/17/2003
State: Natl. | Segment: Top | 164 | 0
The property/casualty insurance industry's statutory surplus dropped $4.4 billion to $285.2 billion at year-end 2002 from $289.6 billion at year-end 2001 and surplus declined despite improvement in the industry's net income after taxes to positive $2.9 billion last year from negative $7 billion in 2...Read More
IL Budget: Industrial Comm to get 8 Arbitrators 04/11/2003
State: Natl. | Segment: Top | 32 | 0
The Chicago Daily Law Bulletin reported Wednesday that while funding for Illinois courts and judicial pay will remain flat next year, the Illinois Industrial Commission is going to get eight new arbitrators.Illinois Gov. Rod R. Blagojevich released his new budget Wednesday, which proposes a ...Read More
Ins Corp of Hannover S&P Rating Lowered to BBB+ 04/08/2003
State: Natl. | Segment: Top | 37 | 0
Standard & Poor's Ratings Services said yesterday that it lowered its counterparty credit and financial strength rating on the Insurance Corp. of Hannover (ICH) to 'BBB+' from 'A', primarily because ICH's operating performance is viewed as weak and is not expected to improve significantly in 2003. ...Read More
IN Sup Ct: "Unexplained Accident" Presumption 04/01/2003
State: Natl. | Segment: Top | 42 | 0
The Indiana Supreme Court has ruled that an "unexplained accident" under that state's workers' compensation laws is compensable if it would not have occurred but for the fact that the condition or obligation of the employment put the employee in the position at the time of injury.In Milled...Read More
IAIABC to Release EDI v3 in Vegas, 4/24 04/01/2003
State: Natl. | Segment: Top | 80 | 0
In a March 4 release the International Association of Industrial Accident Boards and Commissions (IAIABC) announced that the Executive Committee unanimously approved a Resolution in support of aggressively pursuing electronic data interchange (EDI). The main points of the Resolution are: ...Read More
IL App Court - Retaliatory Discharge Prohibited 03/28/2003
State: Natl. | Segment: Top | 43 | 0
The Illinois Appellate Court, First District, ruled on a case of first impression to the court, that a retaliatory discharge for testifying in a work comp case is against public policy, and that plaintiffs may proceed to trial on the allegations.In Alan Pietruszynski and Tim Pietruszynski v....Read More
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