The International Association of Industrial Accident Board's and Commissions (IAIABC), an organization comprising 57 jurisdictions and 146 associate members and 4 municipal members dealing with workers' compensation issues across the United States and Canada, has asked New York State Workers' Compen...Read More
In his first address to the Insurance Brokers and Agents West (IBA West) membership as President, Joe Hernandez outlined the achievements of 2001 and set a clear course for legislative goals in 2002.
'It is good that today we are well prepared for the battles ahead,' Hernandez said. 'We see maj...Read More
Workers' compensation, one of the insurance lines most acutely affected by the terrorism of 2001 and by the continued absence of government backstop insurance for terrorism events, is fast becoming a high-priced thorn in the side for U.S. companies seeking coverage for their employees, Standard & Po...Read More
Two new components of DWC's fee schedule for payment of inpatient services at health facilities, which were adopted on June 29, 2001 and had been scheduled to expire on December 31, 2001, have been extended until a new fee schedule is adopted.
The inpatient hospital fee schedule is contained i...Read More
Representatives of the insurance industry testified yesterday before the California Assembly Insurance Committee concerning insurance and reinsurance after the September 11 attack on our country.
Noting that 09/11/01 was the largest insured loss from a man-made disaster impacting all lines of co...Read More
Robert Persico of ESIS / AceUSA (moderator), Nancy Schroeder of the Nat'l Assoc. of Independent Insurers, Bruce Wood of American Insurance Association, James Green of Acme Building Brands, Inc, and Greg Heidrich of the Alliance of American Insurers presented a panel discussion on "Legislation and Li...Read More
Jim Green, risk management consultant and principal of Business Risk Solutions, gave the key note speech yesterday and the 9th annual International Business Forum on Workers' Compensation and Disability in Coronado, California. The keynote presentation focused on taking control of an out of control...Read More
While the investment community continues to be harsh on general economy stocks, there is a bullish sentiment circulating regarding insurance stocks, and in particular reinsurance stocks.
Standard & Poor's says that globally, reinsurers have $280 billion in capital on hand, and can easily raise...Read More
Various insurance associations believe that California bill SB 71 does not contain enough cost-managing reforms needed to offset the higher benefits.
The Workers' Compensation Insurance Rating Bureau has given a preliminary estimate that SB71 will cost the insurance industry $3.6 billion to $4...Read More