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

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…

Read More

Insurance news struggles force fire department to shut down

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…

Read More

Insurance fraud activities bring arrest of a Los Angeles man

industry insurance fraud

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…

Read More

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…

Read More

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…

Read More

Workers compensation board in Alaska moves to lower costs

Workers Compensation Insurance

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…

Read More

Workers Compensation Bureau issues advice for National Safety Month

workers compensation safety month

Employees who work outdoors are reminded to pay attention to the risks to which they are exposed. As summer gets ever nearer, the Ohio Bureau of Workers Compensation (BWC) has issued a reminder to employees who work outdoors to recognize National Safety Month and take precautions against the various exposures to the elements that their jobs entail. The National Safety Month runs throughout the length of June and is sponsored by the National Safety Council. The workers compensation bureau in the state is reminding employees of the impact that issues…

Read More

Workers compensation omission leads to massive fine for Jim Carrey

Jim Carrey - workers compensation insurance

The actor failed to obtain the insurance for the employees of his art studio and faces a $72,000 fine. Actor and comedian, Jim Carrey, has been fined $72,000 for his failure to obtain workers compensation insurance coverage for the employees who work at his art studio in New York. As the founder of the Church of FFC studio, Carrey is being sued by the New York state WCB. According to reports, the 51 year old celebrity founded the art studio in 2011 and is now the recipient of a lawsuit…

Read More

Five Types of Business Insurance You Should Have

Business Insurance

How to Avoid Financial Ruin in the Future Businesses need several different types of insurance to protect them from financial ruin. It is important to protect your business with different types of insurance that will keep you and your business protected in several key ways. Importance of Property Insurance Property insurance will protect your building and the supplies within it if there is a robbery or fire. Furthermore, this insurance also will help if your store has been vandalized or if there is smoke damage to the property or items…

Read More

Ohio businesses may see major returns from workers compensation program

Ohio Governor John Kasich - Workers Compensation Program

$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…

Read More