Insurance News Archive


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WCI Briefs: 8.25.16

08.25.2016

To save you time, here’s a sampling of workers' compensation and insurance news, each in 500 words or less.

Oklahoma's highest court is preparing to decide one of the biggest workers’ compensation cases in years. The state Supreme Court could invalidate or uphold part of an Oklahoma law that lets dozens of companies write their own policies. The legal dispute started when clothing retailer Dillard’s denied an employee’s workers' compensation...
08.25.2016

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#WCI2016: Florida Division of Workers’ Compensation Breakout

08.23.2016

The Florida Department of Financial Services - Division of Workers’ Compensation presents a half-day session on regulatory issues and processes unique to the Sunshine State on Wednesday, August 24, from 8:30-Noon at the 71st annual Workers’ Compensation Educational Conference.    

The presentations begin with a “Regulatory and Legislative Update” from Andrew Sabolic, assistant director of the division.

Sabolic will address significant regulatory and legislative changes impacting Florida’s workers...
08.23.2016

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Medical Providers Try Uber, Lyft for Patients With Few Transportation Options

08.23.2016

By ZHAI YUN TAN 

Edith Stowe, 83, waited patiently on a recent afternoon at the bus stop outside MedStar Washington Hospital Center in the District of Columbia. It’s become routine for her, but that doesn’t make it any easier.

Stowe, who lives about five miles from the hospital, comes into the medical center twice every three months to get checkups for chronic kidney failure. She doesn’t own a car and relies...
08.23.2016

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#WCI2016: The Center for Excellence - Better Together (Day 1)

08.22.2016

The Center for Excellence returns for two days of exceptional presentations at the 71st Annual Workers’ Compensation Educational Conference in Orlando.

Kimberly George, senior vice president of corporate development, M&A, and healthcare for Sedgwick in Chicago; and Mark Walls, vice president, communications & Strategic analysis at Safety National in St. Louis, will moderate the programs on August 23 and 24.

The theme of this year’s Centers for Excellence is “Better Together....
08.22.2016

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#WCI2016: Professional Employer Organization Breakout

08.22.2016

Professional Employer Organizations (PEOs) are an important piece of the workers’ compensation landscape. This year, the 71st annual Workers’ Compensation Educational Conference devotes an entire day and six separate presentations to PEOs and the challenges and solutions they present to the industry.

This August 23 breakout, sponsored by The National Association of PEOs (NAPEO) and the Florida Association of PEOs (FAPEO), will be moderated by Abram Finkelstein, president, StaffLink Outsourcing, Inc., of Plantation, Fla.

08.22.2016

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#WCI2016: Ultimate Bloggers Panel, Tuesday, August 23

08.22.2016

It’s the fourth annual Ultimate Bloggers Panel at the 71st annual Workers’ Compensation Educational Conference in Orlando on Tuesday, Aug. 23, from 1:15 - 2:30 p.m. The session is part of the National Review Breakout, Day 2.

“Hottest Topics & Next Trends: 2016 Edition,” will be moderated by WCI Communications Officer Joan Collier. Panel members are Bob Wilson, president of WorkersCompensation.Com, Sarasota, Fla.; Michael Gavin, president of Prium, Duluth, Ga.; and Consultant and Columnist Peter...
08.22.2016

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#WCI2016: Breakout for Agents (Day 2)

08.22.2016

A special two-day Breakout for Agents is being sponsored by the National Council on Compensation Insurance (NCCI) and the Florida Association of Insurance Agents (FAIA) on Monday, August 22, and Tuesday, August 23, during the 71st annual Workers’ Compensation Educational Conference.

Day 2 kicks off with Lori Lovgren, state relations division executive, NCCI, Boca Raton, Fla., speaking on “Emerging Issues.” The first step in getting involved in the workers’ compensation market place is getting to know...
08.22.2016

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#WCI2016: National Workers’ Compensation Review – Day 1

08.21.2016

The National Workers' Compensation Review (NWCR), a premier two-day break-out held within the Workers’ Compensation Educational Conference (WCEC) on August 22 - 23, combines the highest authority with “word on the street” to prepare you for what’s new—alongside the tried and true.

NWCR is not a series of lectures, but rather strategy sessions to help you close claims with better outcomes at reduced cost—conducted by those who do or facilitate...
08.21.2016

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#WCI2016: Conference Offers Multiple Continuing Education Opportunities

08.21.2016

One of the major benefits of attendance at the 71st annual Workers’ Compensation Educational Conference is the opportunity to earn Continuing Education Units. Here is a listing of the available certifications for qualifying participants.

Adjuster/Agent CEU Certification For a complete list of all courses approved for adjuster/agent credit, check with the Continuing Education desk in the registration area. To obtain credit, attendees must register at the Continuing Education desk, present a photo ID with...
08.21.2016

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Florida OIR Considers NCCI Rate Filing

08.19.2016

By COLONY FASS

The Florida Office of Insurance Regulation (OIR) conducted a hearing on Aug. 16, 2016, to consider a workers' compensation rate filing made by the National Council on Compensation Insurance (NCCI).  

NCCI has proposed an overall average increase of 19.6 percent for the voluntary market for all new, renewal and current workers' compensation policies in effect in Florida effective Oct. 1, 2016, on a pro-rata basis for the remainder of each policy's term.

Individual projected rate...
08.19.2016

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WCI Briefs: 8.18.16

08.18.2016

To save you time, here’s a sampling of workers' compensation and insurance news, each in 400 words or less.

Federal prosecutors say a former letter carrier in Alabama convicted of workers' compensation fraud should have his bond revoked because they believe he has been defrauding veterans and policemen through an online clothing business. Sean Eric Slaton, 43, was convicted in 2013 of eight counts of false statements in connection with the workers' compensation program, 24 counts of wire...
08.18.2016

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Insurance Industry Employment Trends: 1990-2016 (June 2016)

08.17.2016

By DR. STEVEN WEISBART

The U.S. Labor Department’s Bureau of Labor Statistics (BLS) just published data as of June 2016 on detailed insurance industry employment, and the Insurance Information Institute’s (I.I.I.) website contains updated multi-decade trend data in chart form. The insurance industry/sector-specific data are not seasonally adjusted and are one month behind the national data; accordingly, the report released on August 5 provides national data for July 2016 and industry/sector-specific data for...
08.17.2016

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#WCI2016: Vincent Donnelly, Steve Spurrier to Offer Keynote Addresses

08.15.2016

Each year, the Workers’ Compensation Educational Conference features two keynote speakers—one from the insurance industry, and one nationally recognized person noted for achievement in his personal and professional life.

The industry keynote speaker for the 71st annual conference August 21-24 is Vincent T. Donnelly, president and chief executive officer of PMA Companies.

In his address during the Opening General Session on August 22, Donnelly will discuss the key issues and challenges impacting the...
08.15.2016

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WCI Briefs: 8.11.16

08.11.2016

To save you time, here’s a sampling of workers' compensation and insurance news, each in 400 words or less.

The Florida Office of Insurance Regulation will conduct a public hearing to discuss the National Council on Compensation Insurance rate filing which proposes a rate increase for the workers’ compensation line of insurance as a result of three recent legal changes. floir

A rate proposal filed by the National Council on Compensation Insurance shows...
08.11.2016

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Wearable Technology: The New Game Changer in Workers’ Compensation

08.10.2016

Who knew that the Food and Drug Administration could be cutting edge?

The federal agency recently approved a powered exoskeleton—a prescription device composed of an external, powered, motorized orthosis that is placed over a person's paralyzed or weakened limbs to provide movement.

In an article at PC360, Zack Craft, a vice president of Rehab Solutions, LIFE Assessment and Complex Care Education at One Call Care Management, brings us up to date on that invention and other new wearable technology impacting workers’ compensation.

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WCI Briefs: 8.5.16

08.05.2016

To save you time, here’s a sampling of workers' compensation and insurance news, each in 400 words or less.

Stephen Schneider, Midwest region vice president for the American Insurance Association (AIA), issued a statement in response to the Illinois Policy Institute’s report, "Fixing Illinois’ Outdated Workers’ Compensation System." The report takes the wrong approach to reforming Illinois’s workers’ compensation system by advocating that employers could control cost if they...
08.05.2016

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Florida Supreme Court Decisions Create Workers’ Compensation Unfunded Liability

08.04.2016

The National Council on Compensation Insurance (NCCI) has estimated that the combined total statewide unfunded liability related to the Florida Supreme Court’s decisions in Emma Murray (1), Castellanos (2), and Westphal (3) could potentially exceed $1B. This cost will be borne by insurance companies, individual self-insured employers, and employers with deductible policies (due to growth in out-of-pocket costs, or in other words, the amount that the employer agreed to pay on losses up to the deductible threshold).   These court...
08.04.2016

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A.M. Best: 2015 Was a Good Year for U.S. Captives

08.03.2016

Captive insurance companies rated by A.M. Best ended 2015 in strong form, recording pretax operating income of $1.4 billion, a 13.5 percent increase over 2014, according to a new A.M. Best special report.

The Best Special Report, “U.S. Captive Insurers Benefit From Core Competencies,” states that the favorable overall results for the rated domestic captive group should continue to hold in 2016. This view takes into consideration continued modest economic improvement, gross domestic product growth of approximately 2.5...
08.03.2016

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Three Workers’ Compensation Issues to Watch in Late 2016

08.02.2016

At Insurance Business America, Joe Rosengarten talks with Safety National’s Mark Walls about his views on the three “hot topics” for workers’ compensation as we round out 2016.

First up: The election cycle. Election year impacts every economic and societal structure in the country including insurance. Insurance commissioners are elected in 11 states and appointed in the other 39, and in the 2016 election, five insurance commissioner positions and 12 gubernatorial seats will be decided.

“The workers’ compensation industry needs to be paying attention to these elections because the insurance commissioners can have significant influence over procedures, policies and enforcement in their states,” Walls explains.

FYI: Hear Mark Walls at #WCI2016 when he and Kimberly George of Sedgwick moderate the two-day Center for Excellence breakout on August 23 and 24.

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West Virginia to See Workers’ Compensation Rate Decrease

08.01.2016

The National Council on Compensation Insurance (NCCI) recently filed a proposed reduction of 14.7 percent in workers’ compensation loss cost rates with the Offices of the West Virginia Insurance Commissioner—the 12th reduction in 12 years. The loss cost rate is effective Nov. 1, 2016.

With the reduction, West Virginia employers will see a projected $36 million reduction in workers’ compensation premiums in the coming year. Savings since the program was privatized have been more than $352 million, according to...
08.01.2016

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