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Workers' Compensation News


 
Best Occupational Doctors Discuss Worst Cases 05/17/2006
State: MA | Segment: Medicine | 61 | 0
A dozen of the most renowned doctors presented their latest findings to maximize outcomes in seriously injured workers at a May 2-3 symposium in Boston. The physicians covered the most serious and costly on-the-job injuries, including brain trauma, burns and musculoskeletal injuries. Ame...Read More
 
 
BWC Issues RFP on Equity Portfolio 05/17/2006
State: OH | Segment: Regulatory | 166 | 0
The Ohio Bureau of Workers' Compensation released a request for proposal (RFP) for the sale of BWC's nearly $400 million private equity portfolio with a submission deadline of 2 p.m. June 15. A final selection under the RPF is expected to be made Aug. 24. The BWC private equities a...Read More
 
 
BWC Cuts Ties to Auditor KPMG 05/16/2006
State: OH | Segment: Business | 181 | 0
The Ohio Bureau of Workers' Compensation reported severing its relationship with auditor KPMG because of delays in the release of a fiscal 2005 audit for the bureau. BWC spokeswoman Nancy Smeltzer reported the audit had been expected to be completed Sept. 30 but that KPMG has reported it w...Read More
 
 
BrickStreet Issuing Refunds on Old Invoices 05/16/2006
State: WV | Segment: Business | 100 | 0
Brickstreet Insurance is reconciling employer accounts from the previous Workers' Compensation Commission and expects to refund more than $50 million by the time the audit is finished. The new mutual has refunded more than $27 million so far to West Virginia policyholders, it advised polic...Read More
 
 
Band Manager Sent to Prison for Nightclub Blaze 05/11/2006
State: RI | Segment: Courts | 61 | 0
A Rhode Island judge sentenced the band tour manager for Great White to four years in prison for his role in the deadly Station nightclub fire in 2003. Superior Court Judge Francis J. Darigan suspended 11 years off a 15-year sentence for Daniel Biechele, who set off the Providence-area blaz...Read More
 
 
BWC Leaders Rightly Cautious, Paper Believes 05/11/2006
State: OH | Segment: Regulatory | 15 | 0
The Tribune Chronicle of Warren, Ohio, agrees with the leaders of the injured-worker fund who insist on remaining on an ultra conservative course with a sizable investment portfolio. That course is a prudent one, taken while officials try to understand more about what went wrong and how no...Read More
 
 
Best Gives 'A' Rating to Accident Fund 05/11/2006
State: MI | Segment: Business | 93 | 0
Workers' compensation insurer Accident Fund Group of Lansing, Mich., earned an "A" (Excellent) rating in its first rating from A.M. Best Co. The rating reaffirms Accident Fund Insurance Co. of America's "A" (Excellent) rating and is an upgrade for United Wisconsin. Accident Fund National a...Read More
 
 
Best: P&C Profited Despite Record Losses 05/11/2006
State: NA | Segment: Business | 81 | 0
The U.S. property-casualty industry reported a 20% increase in operating profits in 2005 in spite of record catastrophic losses, according to a new special report by A.M. Best Co. Net income improved to $48.4 billion, driven by solid investment returns, along with prudent underwriting prac...Read More
 
 
Bureau Urges Use of NAIC Documents 05/09/2006
State: WI | Segment: Regulatory | 106 | 0
The Wisconsin Bureau of Market Regulation announced Wisconsin now accepts the National Association of Insurance Commissioners (NAIC) Uniform Transmittal Documents and the Uniform Product Coding Matrices (UPCM) and urges their immediate use. Those forms can be found by clicking on the links...Read More
 
 
Bill Introduced to Simplify Medicare Set-Asides 05/05/2006
State: NA | Segment: Politics | 219 | 0 | Popular with Legal
A bill introduced to Congress Thursday would vastly reduce the number of Medicare set-asides in workers' compensation by exempting settlements of less than $250,000 and payouts for injured workers who are not likely to receive Medicare benefits in the next 30 months. The American Insurance...Read More
 
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