$1 billion in workers compensation dividends to be distributed in Ohio Ohio businesses may be receiving significant dividends from the state’s workers compensation fund this month. Governor John Kasich is keen to see funds returned to employers after returns from the workers’ compensation fund were higher than had been expected. These returns are now before the Ohio Bureau of Workers Compensation, which will determine whether they are necessary or not. If the agency approved of the dividends, more than $1 billion in funds could be returned to employers throughout the…
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Workers compensation law expansion considered by Connecticut police
The union in question is the one that responded to the shootings at Sandy Hook Elementary School. The union representing the police that responded to the Sandy Hook Elementary School shooting in December has expressed that it remains hopeful that changes will be made to the workers compensation laws in Connecticut in order to lengthen the benefits available to first responders. They are seeking this change for individuals struggling with mental illness after responding to such an incident. They feel that when first responders are involved in traumatic events such…
Read MoreWorkers compensation system in New Jersey to face reforms
The state governor has announced that he will be revealing a new plan to overhaul the coverage. Governor Chris Christie has just revealed his intentions to unveil a new plan that will considerably reform the workers compensation system that is currently in place within the state. The governor made his announcement on his monthly radio show appearance on NJ 101.5 FM. Christie explained that the reason he feels that the workers compensation overhaul is important is that neither employers nor the employees are adhering to the rules as they are…
Read MoreWorkers compensation overhaul proposed by Tennessee governor
Gov. Haslam has declared his intentions to reform the system within the state. Tennessee Governor Bill Haslam has announced that he will be dedicating himself to overhauling the workers compensation coverage system in the state. This is an area that has held the governor’s attention for some time and he has chosen now to make the changes. Governor Haslam’s administration has now proposed changes to the laws for workers compensation within Tennessee. These proposals suggest that an independent agency should be created in this sector. The purpose of that agency…
Read MoreWorkers compensation marketplace in Florida retails solid standing
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…
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