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Workers' Compensation News

Max Re Reverses Losses in Third Quarter 11/14/2006
State: NA | Segment: Business | 93 | 0
Max Re Capital Ltd. on Monday reported $26.5 million in net income for the third quarter of 2006, or 42 cents per diluted share, compared with a net loss of $44.2 million, or a net loss of 96 cents per diluted share, for the same period last year. Net operating income, which represents ...Read More
Montana Finds Flaws in Oregon Benchmark 11/13/2006
State: NA | Segment: Top | 589 | 0 | Popular with Insurance
State officials in Montana are embarking on a comparative study to find out why the Big Sky State consistently ranks as one of the highest-cost workers' compensation systems in the country, and have already delivered a report that pokes holes in a biennial Oregon comparison that is widely used as a ...Read More
McCarty's Post Uncertain after Democratic Win 11/09/2006
State: FL | Segment: Top | 165 | 0
Republicans continue to dominate the Florida Legislature, but the election of a Democrat as the state's chief financial officer could bring an end to Insurance Commissioner Kevin McCarty's term of office, an insurance industry analyst said Wednesday. Democrat Alex Sink won 53.6% of the vo...Read More
Mo. Ct: No Double Damages, PPD Benefits for Depression 11/09/2006
State: MO | Segment: Courts | 151 | 0
A commission rightfully denied a claim of psychological disability for a worker who was injured in an automobile accident, an Missouri appellate court said. The Missouri Court of Appeals Southern District affirmed the Labor and Industrial Relations Commission's decision to deny permanent...Read More
MarketScout to Sponsor eInsurance Symposium 11/09/2006
State: TX | Segment: Events | 350 | 0
MarketScout, a Dallas-based insurance exchange, is sponsoring an eInsurance Symposium on May 15-16 in Dallas. Attendees will enjoy a better understanding of using automation and the Internet to distribute and underwrite insurance. MarketScout founder and Chief Executive Officer Ric...Read More
Mileage Rate for Travel Increases on Jan. 1 11/09/2006
State: NE | Segment: Regulatory | 86 | 0
The Nebraska Workers' Compensation Court announced that effective Jan. 1 the mileage rate for travel to seek medical treatment or while participating in a vocational rehabilitation plan will become 48.5 cents per mile. "This conforms to the reimbursement rate paid to State of Nebraska emplo...Read More
Marsh Vice Chairman 'Re-Retiring' at End of Year 11/07/2006
State: NA | Segment: Business | 101 | 0
Marsh & McLennan Companies Inc. announced Friday that Vice Chairman John T. Sinnott will retire effective Dec. 31. Sinnott has held his current position since July 1, 2005, when he re-joined MMC after a period of retirement. He was also a director of Marsh Inc. from June 2005 through Dece...Read More
MarketScout: Workers' Comp Softest of the Soft 11/07/2006
State: NA | Segment: Business | 413 | 0
Workers' compensation continued to be the softest line in a soft property and casualty market in October, according to data compiled by MarketScout. MarketScout said that workers' compensation rates are down 9% on a composite basis for all property and casualty coverages placed in the Uni...Read More
Maine Firm Sues to Force Fee Schedule Adoption 11/03/2006
State: ME | Segment: Top | 330 | 0 | Popular with Other_other
A defense contractor has sued the Maine Workers' Compensation Board for failing to adopt a fee schedule governing charges by hospitals and ambulatory surgery centers even though the state Legislature passed a law to mandate one nearly 14 years ago. Bath Iron Works charges that it has bee...Read More
Marsh Swept into Rhode Island Governor's Race 11/02/2006
State: RI | Segment: Top | 336 | 0
Insurance giant Marsh & McClennan Cos. and its brokerage subsidiary Marsh USA have been dragged into the Rhode Island governor's race with contentions by Lt. Gov. Charlie Fogarty that Marsh USA should be the target of a state audit. Fogarty, the Democrat trying to unseat Republican Gov. D...Read More
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