Louisiana workers compensation to lower its rates

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…

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Taxi driver disability insurance lacking among many New York fleets

business travel insurance

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…

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Disability insurance to cover new San Diego hires

Disability Insurance

The city has stated that it is likely to provide this coverage, as well as death policies to new workers. The mayor’s office in San Diego has revealed that the city will soon be issuing a proposal request in order to be able to obtain death and disability insurance that will be offered to its newly hired employees. It is expected that the request for the proposals will be made within the next few months. This change in the death and disability coverage for the workers hired by the city…

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Disability insurance reduction effort at Walmart

Walmart auto insurance

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…

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Disability insurance need rapidly growing in the workplace, study

Taxi Driver Disability Insurance

The results of recent research are underscoring the importance of employer sponsored coverage. A new study’s results were issued this week and have highlighted the importance of disability insurance that is sponsored by employers when it comes to the health and financial wellbeing of American workers. It showed that only one in three private sector employers is currently offering long term disability coverage. Despite the fact that this is the case, the Social Security Administration’s own data suggests that one in every four workers in the United States will need…

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Disability insurance payments paid by SSA to ineligible recipients

Disability Insurance News

These individuals have received $1.3 billion which they were not entitled to obtain and the SSA hopes to recoup some. Estimates released from the Government Accountability Office (GAO) has shown that the Social Security Administration (SSA) has issued approximately $1.3 billion in disability insurance payments to individuals who were not eligible to receive them. This figure was calculated based on an analysis of SSA data for beneficiaries from December 2010 to January 2013. The analysis was conducted on the SSA data regarding the individuals who were recipients of disability insurance…

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Disability Insurance – A Dying Breed

When you think of disability insurance, you may automatically think about the benefits some receive through the Social Security program. This is run through the government. Everyone pays in, and someone who becomes disabled can then receive money each month. This program has saved many families from financial ruin, but the amount you can receive each month is not a lot. Families need more protection. Did you know there are other policies you can buy on your own in the event you are in a terrible accident or if you…

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