injured employee insurance Archives

Louisiana workers compensation to lower its rates

December 31, 2013December 31, 2013 G. Turner

Insurance Commissioner Jim Donelon - Insurance News

This form of insurance is set to decrease by 5 percent within 2014, which will certainly be welcome. Jim Donelon, the state commissioner has now announced that Louisiana workers compensation rates will be decreasing as of May 1, 2014, by an average of 5.1 percent. The decrease was approved by the commissioner following a recommendation by the NCCI. He gave the nod to the reduced Louisiana workers compensation rates after the National Council on Compensation Insurance made its recommendation for a 5 percent reduction as a result of notably improved…

Taxi driver disability insurance lacking among many New York fleets

November 27, 2013February 24, 2014 G. Turner

Despite the fact that the coverage is required, many companies have not been complying with that rule. According to the New York Workers’ Compensation Board, the law in the state says that taxi driver disability insurance coverage must be provided to fleets for employees who suffer injuries while off duty, or illnesses. However, many of the fleets in the state have failed to provide their workers with that coverage. The lack of taxi driver disability insurance has meant that when employees of these companies suffer from medical issues that are…

Disability insurance reduction effort at Walmart

November 13, 2013November 11, 2013 G. Turner

Following a ruling in favor of the retail giant by the Supreme Court, workers may now find coverage more challenging. Last week, at the same time that Walmart was facing a new round of criticism regarding its extremely low wages for many workers – and an effort to overcome that reputation with promotions for about 25,000 American employees along with raises in pay – the retail giant was simultaneously working to convince the Supreme Court to make it easier for the company to avoid paying disability insurance benefits. This ruling…

Workers compensation board in Alaska moves to lower costs

June 25, 2013June 24, 2013 G. Turner

Last week, they were seeking input from the public in order to gain ideas to reduce the rising expenses. The Alaska Workers Compensation board reached out to the public last week to help them to build ideas and receive the input of residents to be able to more effectively manage the rising costs associated with the coverage. Meetings were held by the board members in Anchorage, Juneau, Fairbanks, and Kenai. The opportunity was taken in those locations to help to gain ideas to help to stem the rising costs associated…

Workers compensation official in Georgia steps down

January 24, 2013April 30, 2013

The head of the board in the state has announced that he will be resigning from his post. The state workers compensation board in Georgia has just announced that he will be stepping down from his position by the end of January 2013. This insurance news was released in the form of a letter of resignation written by the official. The letter was dated on Tuesday and stated that Rick Thompson, the lead official on the workers compensation board, would be leaving office before the start of February. This brings…

Workers compensation marketplace in Florida retails solid standing

January 4, 2013January 4, 2013 H. Cutner

The state’s insurance for injured employees remains strong despite weakness in other parts of the country. The annual report providing data on the condition of the workers compensation insurance marketplace in Florida has now been released, and it has shown that the market in that state is still holding strong and is maintaining its competitive status. This report was initially released on Wednesday to provide insight into this marketplace. It was issued by the Office of Insurance Regulation in the state. That office pointed out that the premiums that employers…

Workers compensation payouts have exploded by 26 percent since 2007

December 26, 2012April 30, 2013

Over the last five years, the total amount of money received by injured employees in Oklahoma is way up. According to a Tulsa World review based on the cases that reached the Workers Compensation Court in Oklahoma over the last five years, the total amount of money that has been received by injured employees has skyrocketed by 26 percent. This has been a costly increase to employees and insurance companies during this time. The analysis showed that today’s employers and workers compensation insurance companies have had to pay out approximately…