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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Towers Watson survey shows prices for commercial insurance continued their rise during Q4 2011

According to the results of the most recent Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS), the prices for commercial insurance increased by a total of 3 percent throughout the final quarter last year, which completed a year in which every quarter saw rising prices for all lines of standard commercial products. Furthermore, according to the report by the global professional services company, earned price increases are starting to compensate for the portions of the reported claim cost inflation levels. Data from CLIPS showed that, yet again, the commercial property…

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