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Workers compensation bill signed by California governor

September 19, 2012April 30, 2013

California Governor Jerry Brown on Workers Compensation bill

Gov. Jerry Brown has approved the bill to revamp the state’s injured employee insurance program. California Governor Jerry Brown has added his signature to a bill that will help to boost the workers compensation disability benefits for employees who are injured on the job, while at the same time keeping the cost of the premiums under control. The bill was first approved by lawmakers last month, on the final day of session. A rush was placed on the workers compensation bill’s approval after Brown, himself, gave a personal appeal for…

Workers compensation rate increase proposal rejected in Massachusetts

September 13, 2012 Julie Campbell

Joseph Murphy, the Massachusetts Insurance Commissioner on workers compensation plan

State Division of Insurance turns down the requested changes. The Massachusetts Division of Insurance has revealed that they have rejected the proposal that was made to increase the rates for workers compensation by 18.8 percent. The outcome of this will bring about no changes to the rates. The decision was made after having undergone a hearing process that lasted five months. The result is that there will not be any change to the current workers compensation rate. According to a statement from the Division of Insurance, this is expected to…

California lawmakers renovate workplace injury coverage

September 10, 2012September 8, 2012 H. Cutner

Insurance industry risks - Banana Peel Survey

A new bill has been approved to give the system in the state a complete overhaul. Lawmakers in California have announced their latest insurance news by sharing that they have approved a bill that has the support of both labor groups and businesses, in order to give an overhaul to the coverage system in the state for employees injured on the job. This bill received tremendous bipartisan support in the state’s Democrat dominated legislature. The bill received its approval just in time for the completion of this year’s session, boosting…

Disability insurance claims have fallen in Oregon

August 24, 2012April 30, 2013

Fatalities while on the job have also dropped in numbers. The Oregon Workers’ Compensation Division will likely be announcing the disability insurance rates for businesses for 2013, before the end of this month, and it will be basing the calculation on a number of factors from the previous year. Administrator John Shilts has stated that there are three categories that make up the calculation. These three disability insurance premiums calculation factors are as follows: • Pure premiums, which are the amount based on the types of jobs in the businesses…

Liberty Mutual highlights underpricing as a serious problem

July 28, 2012April 30, 2013

Insurer takes aim at the problem of underpricing in the commercial market Liberty Mutual, the third largest property and casualty insurer in the U.S., expects the price of the country’s commercial insurance lines to continue to grow, but not at an adequate pace to resolve some of the problems running rampant in the insurance industry. Liberty Mutual CEO David Long notes that underpricing has been a significant problem in commercial lines for some time. Underpricing has had a particular impact on the worker’s compensation sector. There may be a solution,…

Brazil workers compensation case has BASF and Shell adding $382 million to their funds

July 6, 2012July 6, 2012 H. Cutner

California Insurance Commissioner rejects workers compensation rate hike for the third time

Judge rules that the local subsidiaries of the companies must comply pending a lawsuit. A judge in Brazil has ruled that the Shell oil company and BASF chemical company local subsidiaries must boost their workers compensation funds by $382 million in order to make sure that there will be enough money available to potentially cover over 1,000 employees who claim that they fell ill following contamination at a plant for agricultural chemicals. The ruling by judge Maria Ines Correa will be appealed by BASF SA, according to a statement. On…

Simplifying the workers comp claim process

June 9, 2012April 30, 2013

Making life easier for you and the claim adjusters. Workers comp claims accounts come in all shapes and sizes, and adjusters are faced with a broad range of different types of circumstances that require their attention and handling. There is no perfect claim, but there are many things that can make life a lot easier for everyone. Use the following to help to create a workers comp claim that will cause the least amount of grief and reduce processing time as much as possible: • Make sure that the main…