Live Insurance News

Pennsylvania workers compensation rates to be reduced

March 31, 2015March 28, 2015 H. Cutner

The state will be slashing back these insurance rates by 5.99 percent, beginning with the start of April. Pennsylvania has announced that it will be reducing its rates for workers compensation by 5.99 percent, and that this new level will become effective as of April 1, in a decision that is hoped to provide businesses with a considerable savings. In fact, the Wolf administration has said that the savings to businesses has been estimated at $140 million. The governor of Pennsylvania, Tom Wolf, explained that “These rate reductions will go…

Workers compensation bill introduced by Tennessee lawmakers

February 19, 2015February 18, 2015 Julie Campbell

Should it become a law, it could provide an alternative to the state-mandated offering, within the free market. Tennessee Senator Mark Green (R-Clarksville), who is also the vice chair of the state Senate Commerce and Labor Committee, and who is also a physician, introduced a bill with Rep. Jeremy Durham (R-Franklin), the House Majority Whip, which was designed to create an alternative to the state-mandated workers compensation insurance and that would be sold in the free market. This new Tennessee Option has been created based on the design and models…

Self insurance to be the focus of consultant hiring for study in Georgia

October 8, 2014October 6, 2014 G. Turner

Trumpcare health insurance investigation

The Department of Employee Trust Funds is looking to bring in a new expert to research coverage in the state. The Georgia Department of Employee Trust Funds (ETF) is now working to hire a new consultant in Atlanta who will be able to research potential reforms to the $1.5 billion worker benefits program in the state, including the use of self insurance in order to replace the current competitive HMO model. The ETF plans to award this consultation contract to the Segal Company, according to recent insurance news. Spokesperson for…

Insurance news struggles force fire department to shut down

October 2, 2014September 30, 2014 Julie Campbell

insurance news Staten Island Fire Dept Under Pressure

In Washington Township, Ohio, a lack of coverage has stopped firefighters from being able to work. One of the firefighters from the Washington Township Fire Department recently confessed to embezzlement, and this issue has now led to the unfortunate insurance news that a lack of coverage had caused a temporary shut down until a policy could be reopened. The fire truck insurance premiums and the workers’ compensation costs have not been paid for months. According to the fire department’s attorney, Susan McDonald, this insurance news begins with the fact that…

Insurance fraud activities bring arrest of a Los Angeles man

August 21, 2014August 21, 2014 H. Cutner

The individual’s alleged schemes occurred outside of California and were focused on residents of Louisiana. A man from Los Angeles, California has now been placed under arrest by authorities in New Orleans after having allegedly been taking part in an insurance fraud scheme that involved the sale of fake employer’s liability and workers compensation policies throughout Louisiana. This insurance scam announcement was made by Attorney General Buddy Caldwell. The individual in this insurance fraud case, fifty year old Terry Frances, has now been charged with five separate counts of theft…