Insurance News Archive


Page 1 of 81 pages  1 2 3 >  Last ›

Rousmaniere: Do We Have a Role in Non-Occ Disability Absences?

12.13.2017

By Peter Rousmaniere

Employers are saddled with $10 billion in annual medical and wage replacement costs of non-occupational disability insurance.  This insurance covers only a fraction of the workforce. The total costs of non-occupational disability are much higher, ultimately showing up in social security disability awards.  Rousmaniere: Do We Have a Role in Non-Occ Disability Absences?

It’s in our interest to expand our view to include these employee risks, and learn if we...
12.13.2017

Read More


Giving Workers What They Really Want

12.06.2017

By Bob Wilson

I am nothing if not a gracious and magnanimous boss. I am always looking out for what is in the best interests of those within my employ. For instance, I will make sure their desk chains are unshackled and the bathroom conveniently unlocked when they read this, lest they feel sick to their stomach. I’ll even deactivate the payment receptacles that open the bathroom stalls. There will be no need to thank me.

...
12.06.2017

Read More


Imprisoned Former KY Lawmaker Faces Charges for Fake Work Comp Documents

11.30.2017

By Liz Carey

Lexington, KY (WorkersCompensation.com) – A federal grand jury has indicted a former KY legislator for using fake workers’ compensation insurance documentation in order to keep a contract. 

Former state Rep. W. Keith Hall, 58, was indicted on Nov. 16 and faces up to 20 years in prison if found guilty of the worst of the six charges, including wire fraud, identity theft and lying to the FBI.

At the center of the...
11.30.2017

Read More


OH DR Arrested for Work Comp Fraud after Five-Year Investigation

11.22.2017

By Liz Carey

Hillsboro, OH (WorkersCompensation.com) – A Wilmington, OH doctor was indicted on 29 felony counts Wednesday, following an investigation by multiple state agencies there.

Dr. Timothy S. Manuel was arrested on one count of workers’ compensation fraud, 14 counts of aggravated drug trafficking, and 14 count of illegal processing of drug documents, Steven Schierholt, executive director of the Ohio Board of Pharmacy said in a press release.

The arrest comes after a 5-year investigation...
11.22.2017

Read More


OH Atty General Outlines Opioid ‘Recovery’ Plan with the Bureau of Work Comp

11.15.2017

By Liz Carey

Columbus, OH (WorkersCompensation.com) – Part of a 12-point “recovery plan” for Ohio’s opioid crisis would enlist the aid of the state’s Bureau of Workers’ Compensation, OH Attorney General Mike DeWine said. 

The plan, announced at the end of October, would begin two pilot programs within the bureau to incentivize employers who work with employees in recovery from opioid addiction.

According to Dan Tierney,...
11.15.2017

Read More


NY: To Hold a Convention or Not? The Decision Could Affect Work Comp

11.08.2017

By Jim Thompson

New York City, NY (WorkersCompensation.com) - Labor unions concerned about a potentially negative impact on workers’ compensation and other workplace protections are part of a coalition that has apparently turned the tide against a proposal on Nov. 7 ballots that would set up a state constitutional convention in New York. 

According to numerous media reports, a poll by Siena College, an independent Roman Catholic liberal arts college in upstate New York, shows...
11.08.2017

Read More


CA DWC Suspends Three Medical Providers for Fraud

11.03.2017

San Francisco, CA (WorkersCompensation.com) - The Division of Workers’ Compensation (DWC) has suspended three more medical providers from participating in California’s workers’ compensation system, bringing the total number of providers suspended this year to 52.  DWC Administrative Director George Parisotto issued Orders of Suspension against the following providers:

Byong Chun “David” Min of Irvine pled guilty on April 20, 2016 to health care fraud and illegal kickbacks. Min, co-owner and operator of Glory...
11.03.2017

Read More


National: High State Work Comp Premiums Can Lead Big Companies, Including Toyota and Mazda, Elsewher

11.03.2017

By Jim Thompson

Sarasota, FL (WorkersCompensation.com) - Workers’ compensation insurance premiums and protocols are sharing the blame for the state of Illinois losing out on two — and possibly three — massive economic development opportunities, reflecting concerns in other states regarding how issues related to workers’ comp programs can hinder attraction of new business and industry.

In recent months, Illinois lost opportunities to host Foxconn, an LCD panel manufacturer whose 13,000 jobs eventually went to...
11.03.2017

Read More


Workers’ Comp and Halloween: It Might Be a Scary Time for Employers

10.25.2017

By Liz Carey

Chicago, IL (WorkersCompensation.com) – While Halloween may be time for employers to relax and celebrate a little with their employees, employers should be careful that they are not making themselves liable at the same time, one expert says. 

Attorney Philippe Weiss, Managing Director of Seyfarth Shaw at Work in Chicago, cautions employers that even innocent pranks could result in scary workers’ compensation claims, if not employee and client backlash. 

...
10.25.2017

Read More


11 Red Flags of Workers’ Compensation Fraud

10.18.2017

By Michael Stack

As an employer, you must be vigilant in your efforts to protect your company from the few employees who do commit workers compensation fraud.   Adjusters often refer to possible fraud in a workers comp claim as looking for “red flags.” A “red flag” is anything standing out from the ordinary.

Any one of the items on the following list of “red flag” do not prove...
10.18.2017

Read More


Record Premiums, But Some Challenges for Workers’ Comp Insurers, Study Says

10.11.2017

By Jim Thompson

Sarasota, FL (WorkersCompensation.com) - Workers’ compensation insurers posted a record high in direct premiums written last year, but a rating agency sees some issues in the sector, according to a recent report. 

Insurers, on the other hand, see their current situation as a routine part of a regular business cycle.

Last month, the A.M. Best Company, which provides credit ratings and financial data to the insurance industry, issued...
10.11.2017

Read More


‘Ex-mods’ Can Be Problematic for Some Employers

10.04.2017

By Jim Thompson

Sarasota, FL (WorkersCompensation.com) - Experience modification rating — on paper, a fairly straightforward way of translating a business’s past experience in workplace injury claims into a workers’ compensation insurance rate at policy renewal — can, in actual practice, introduce some inequities into the calculation of what some businesses should be paying. 

Known variously as EMRs, e-mods, mod rates or experience ratings, experience modification rating became part of premium calculations...
10.04.2017

Read More


Congress, Courts Consider Gig Economy

09.27.2017

By Liz Carey

San Francisco, CA (WorkersCompensation.com) – Congressional hearings on one side of the country, and lawsuits on the other, may help to reshape the very nature of the gig economy, experts say. 

A new study by the Guardian Insurance Co., found that many of those workers may be financially vulnerable, however, due to a lack of traditional employee benefits. The report, "Part-Time Nation," found:

75 percent lack health insurance 68 percent aren’t...
09.27.2017

Read More


Workers’ Compensation 2.0

09.26.2017

If you missed the WCI 2017 Conference or want to watch this riveting program again, click here for the podcast. 

THE YEAR IS 2019. The United States Supreme Court has just declared state workers’ compensation systems to be “unconstitutional” because they no longer provide a “grand bargain” to injured workers. Recognizing the chaos this will cause, the Court gives states 6 months to enact new workers’ compensation legislation before implementing...
09.26.2017

Read More


Insurers Breathe Sigh of Relief Over Irma

09.20.2017

By Liz Carey

Tallahassee, FL (WorkersCompensation.com) – With the worst of Hurricane Irma over, insurers are breathing a sigh of relief that damage estimates have spiraled downward since last week. 

According to Financial Times, damage estimates in Florida from modelling firm AIR have been set between $20 and $40 billion, down from an estimated $100 billion during last week’s lead up to the storm.

Hurricane Irma hit Florida over the weekend, striking the Florida...
09.20.2017

Read More


NJ: Three Charged in Workers’ Comp Fraud, Part of $100M Money Laundering Scheme

09.06.2017

By Liz Carey

Cinnaminson, NJ (WorkersCompensation.com) – Three Brazilian men have been arrested in New Jersey for what authorities say was a $100 million money laundering scheme. 

Following a nine-month investigation, police raided Maia Consulting, a non-descript storefront off Route 130 in Cinnaminson, NJ. Officials allege the company was a set up to conceal payments to undocumented workers at construction projects all along the Eastern seaboard.

Renato Maia Da Silva, 51, of Cinnaminson; Wesley Dos Santos, 31,...
09.06.2017

Read More


Violence in and out of the Workplace: ‘Putting Our Heads in the Sand is Not a Great Idea’

08.30.2017

By Dara Barney

Sarasota, FL (WorkersCompensation.com) - Think back on all of your jobs. Not just the current one, but the one before that, and maybe the one in retail or food. Do you remember receiving any sort of guidance or handbook policy direction on what to do if a) some sort of violent incident, maybe a shooting, occurs or b) a coworker or staff member has a bruise on their face that wasn’t from a...
08.30.2017

Read More


Most Workers’ Comp Insurers Recovering with the Economy, but Challenges Remain

08.23.2017

By Jim Thompson

Sarasota, FL (WorkersCompensation.com) - The ongoing economic recovery has been good for workers’ compensation insurance providers, but they face some long-term challenges, according to a July report from Moody's Investors Service.

The report notes that workers’ comp comprises close to 10 percent of the total direct premiums written by U.S. property and casualty insurers, ranking it third — behind only personal automobile and homeowners insurance.

According to a...
08.23.2017

Read More


Nonprofit Inks Agreement with Lyft for Transportation to Workers’ Comp Medical Appts.

08.16.2017

By Liz Carey

Trumbull, CT (WorkersCompensation.com) – A non-profit transportation company has said it has reached an agreement with Lyft to provide rides to people in their workers’ compensation transportation program to their medical appointments.

Coordinated Transportation Solutions (CTS), a non-profit company that provides transportation to at-risk populations for non-emergency medical transportation services and workers’ compensation transportation, among other transportation services, said the move would help them lower costs for some of their customers.<...
08.16.2017

Read More


Insurance Fraud Rings Recruit Workers, Experts Warn

08.10.2017

By Liz Carey

Omaha, NE (WorkersCompensation.com) – Insurance fraud rings may use public records on workers’ compensation to identify potential recruits for their plans, experts say. 

According to the Omaha World Herald, Joseph Wehrle, Jr., chief executive of the National Insurance Crime Bureau (NICB), speaking at an insurance fraud conference sponsored by the Nebraska Department of Insurance, said that insurance fraudsters tend to gravitate toward larger cities and rely on recruiting others to seek...
08.10.2017

Read More


Page 1 of 81 pages  1 2 3 >  Last ›

Advertise with WCI