Workers compensation could be headed along a bumpy road

workers compensation insurance

Many industry experts are now expecting that there could be some turbulence in the future of this coverage. Even though financial indicators have been suggesting improvements, the president and CEO of the National Council on Compensation Insurance Inc. (NCCI) has stated that the workers compensation industry should be getting ready for some “difficult times” as the workplace and workforce ecosystem undergoes a considerable evolution. President and CEO of the NCCI, Steve Klingel, recently spoke at the 2015 Issues Symposium. The NCCI is a workers compensation ratings and research organization. At…

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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 bill in Florida ready for Governor’s signature

workers compensation

Gov. Rick Scott will be the next one to review the legislation that is designed to lower costs. Florida has been facing considerable costs associated with providing workers compensation insurance to employees, and in the current economy, it is leading businesses and programs that are already strapped for cash to struggle even further. A bill to help to reduce the costs associated with providing employees with this insurance is headed to the Governor. The workers compensation bill has made its way through the Florida house, so it is now on…

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Workers compensation facing reforms in Tennessee

workers compensation

 The state’s Capitol Hill has placed the coverage overhaul at the top of their list. Tennessee’s workers compensation system is facing some changes as reforms to legislation in the state are made in order to make job creation more attractive, but while still protecting employees who are injured while on the job. House Bill 194 is aimed at reducing business costs while making several coverage improvements. The goal of H.B. 194 is to make workers compensation more affordable to businesses, while it boosts the predictability of the coverage, betters the…

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Workers compensation official in Georgia steps down

georgia workers compensation

The head of the board in the state has announced that he will be resigning from his post. The state workers compensation board in Georgia has just announced that he will be stepping down from his position by the end of January 2013. This insurance news was released in the form of a letter of resignation written by the official. The letter was dated on Tuesday and stated that Rick Thompson, the lead official on the workers compensation board, would be leaving office before the start of February. This brings…

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California lawmakers renovate workplace injury coverage

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…

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Simplifying the workers comp claim process

Alabama Employees Insruance

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…

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U.S. worker’s compensation premiums grow while market remains stagnant

Workers Compensation insurance

Report documents the turbulent times of the worker’s comp market The National Council on Compensation Insurance (NCCI), the largest database of worker’s compensation insurance information in the U.S., has released the latest edition of its annual “State of the Line” report concerning worker’s compensation insurance in the country. The report covers 2011 and notes that premiums grew in that year. This growth has been countered by the apparent stagnation of the market, however. The report suggests that the combined ratio for the worker’s compensation line in the U.S. remains unsustainable.…

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Agents ask lawmakers in Missouri to exert caution in workers’ compensation changes

Missouri Workers Comp news… Agents have been warning lawmakers in Missouri to use caution as they consider making changes to the workers’ compensation firm created by the state, and which has received criticism from the state auditor for having taken advantage of a federal tax exemption as it spent large amounts on its own perks. A Senate committee has already endorsed the legislation which would establish a special panel that will examine whether or not the Missouri Employers Mutual Insurance Co. law from 1993 needs to be altered. This research…

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Missouri Senate overturns Governor Nixon veto on worker’s compensation changes

The Missouri Senate has overridden a veto from Governor Jay Nixon concerning the states worker’s compensation laws. Governor Nixon had vetoed a bill last month that would have imposed bans on some lawsuits regarding workplace injuries. The Senate voted to overturn this veto with a 24-9 vote, claiming that the ban would cause significant legal problems throughout the state. After overriding the veto from Governor Nixon, state legislators passed a bill that would stop employees from suing their co-workers for injuries they receive whilst working. This is not the only…

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