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 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 covers three quarters of U.S. workers through social security

Disability Insurance benefits US workers

According to the latest report, 76 percent of American employees have this coverage. The latest report that has been issued by Allsup has revealed that approximately three in every four workers in the United States, or 76 percent, had coverage through Social Security disability insurance benefits in 2012. This helps to underscore the importance of building an understanding of the role of work history. Last year, among workers between the ages of 20 years and full retirement, there were approximately 195.1 million workers who made up the American workforce as…

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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…

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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…

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Workers compensation law expansion considered by Connecticut police

Workers Compensation insurance

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…

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Workers compensation system in New Jersey to face reforms

Workers Compensation Insurance

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…

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