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Workers' Compensation News

Legal Opinion Says Agents Have no Fiduciary Duties 10/10/2005
State: CA | Segment: Politics | 167 | 0
IBA West and the California Insurance Department now have dueling legal opinions on whether brokers and agents have a fiduciary duty to their clients. IBA West on Friday released its own legal opinion to counter an opinion by the Insurance Department earlier this month. Department Senior St...Read More
Liberty's Fiebrink to Replace Gilles at Wausau 10/06/2005
State: NA | Segment: People | 85 | 0
Wisconsin-native Mark Fiebrink, an executive vice president for the Liberty Mutual Group, was named president and chief operating officer of Wausau Insurance. Mr. Fiebrink replaces Joe Gilles, who will assume a new leadership role within the Boston- based Liberty Mutual Group. "I'm...Read More
Lloyd's Report Says Businesses Ignoring Risks 10/06/2005
State: NA | Segment: Business | 72 | 0
Despite spending more time on risk management, board directors at global businesses are failing to identify and manage emerging risks effectively, according to a report released Wednesday by Lloyd's. Lloyd's, the world's leading specialist insurance market, working with the Economist Int...Read More
Louisiana Field Offices Reopen After Rita 10/03/2005
State: LA | Segment: Regulatory | 68 | 0
Two Louisiana workers' compensation offices that were closed because of Hurricane Rita have reopened and are back to normal business hours, though three satellite offices remain dark. The Alexandria and Lafayette field offices of the Office of Workers' Compensation were closed Monday and T...Read More
Laborer Pleads Guilty to Insurance Fraud 09/29/2005
State: CA | Segment: Fraud | 125 | 0
A workers' compensation claimant with a previous settlement will be sentenced on Oct. 21 after pleading guilty to two felony counts of insurance fraud, American Commercial Claims Administrators (ACCA) said in a press release on Wednesday. ACCA said Jose Ortiz, 43, of Oxnard was arrested ...Read More
Lorman Sponsoring WC Seminar on Nov. 10 09/27/2005
State: NA | Segment: Events | 15 | 0
Lorman Education Services is offering a seminar in Virginia that will provide a basic outline for the workers' compensation process, the pitfalls and traps for claimants, potential defenses to deny the possibility of claims, and insight to workers' compensation from both the claimants' attorneys' an...Read More
LAUSD Makes Turnaround on Comp Costs 09/23/2005
State: CA | Segment: Other | 357 | 0
The Los Angeles Unified School District says it's making progress on reducing the unfunded workers' compensation liability by aggressively closing old claims and preventing new ones. An article in the Los Angeles Daily News last week questioned the district's resolve to address its unfunded...Read More
Lone Star Auto Dealers Earn Dividend 09/21/2005
State: TX | Segment: Business | 164 | 0
Texas Mutual Insurance Co. has paid a $262,472 dividend to the Lone Star Auto Dealers purchasing group. The dividend covers the policy years 2002 through 2004. The group dividends are separate from the $50 million of individual dividends that Texas Mutual Insurance Co. awarded to qualifying...Read More
Labor Says No Bond Necessary for W.V. System 09/20/2005
State: WV | Segment: Politics | 66 | 0
Labor leaders in West Virginia are questioning why the state is still planning a bond issue to retire debt before the state privatizes its publicly owned insurer when a financial advisor to Gov. Joe Manchin says the system no longer faces a cash-flow crisis, the Charleston Daily Mail newspaper rep...Read More
Louisiana Reopens Two Employment Offices 09/14/2005
State: LA | Segment: Other | 66 | 0
The Louisiana Department of Labor has re-opened the job centers in LaPlace and Covington that had lost electrical power because of Hurricane Katrina. The LaPlace Job Center at 2701 New Highway 51 has re-opened for unemployment insurance and Disaster Unemployment Insurance claims and job se...Read More
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