Workers compensation in Maine approved for 3.9 percent increase

Workers Compensation Insurance

This is the largest increase that has been approved in the state for at least six years. The Maine Bureau of Insurance has just approved a rate increase of 3.9 percent for the workers compensation coverage in the state, which represents the biggest rise in the price of the coverage in more than half a decade. The primary cause of the increase is due to a rise in health care costs that will arrive on April 1. This, according to the Maine Workers’ Compensation Board executive director Paul Singhinolfi. Back…

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Workers compensation overhaul proposed by Tennessee governor

Tennessee workers compensation Insurance companies

Gov. Haslam has declared his intentions to reform the system within the state. Tennessee Governor Bill Haslam has announced that he will be dedicating himself to overhauling the workers compensation coverage system in the state. This is an area that has held the governor’s attention for some time and he has chosen now to make the changes. Governor Haslam’s administration has now proposed changes to the laws for workers compensation within Tennessee. These proposals suggest that an independent agency should be created in this sector. The purpose of that agency…

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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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Florida workers’ compensation insurance market in strong shape

workers compensation insurance

Workers’ compensation insurance is strong in Florida A new report has been released by the Florida Office of Insurance Regulation concerning the state’s workers’ compensation insurance market. The report, which is issued annually, documents the trends that are being seen in the workers’ compensation insurance market and how these trends are affecting the market as a whole. According to the report, the workers’ compensation insurance market remains strong despite recent legislative changes and other factors that have impacted the market over the past year. Report highlights declining rates, and the…

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Workers compensation marketplace in Florida retails solid standing

Workers Compensation Insurance

The state’s insurance for injured employees remains strong despite weakness in other parts of the country. The annual report providing data on the condition of the workers compensation insurance marketplace in Florida has now been released, and it has shown that the market in that state is still holding strong and is maintaining its competitive status. This report was initially released on Wednesday to provide insight into this marketplace. It was issued by the Office of Insurance Regulation in the state. That office pointed out that the premiums that employers…

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Workers compensation payouts have exploded by 26 percent since 2007

Workers Compensation insurance

Over the last five years, the total amount of money received by injured employees in Oklahoma is way up. According to a Tulsa World review based on the cases that reached the Workers Compensation Court in Oklahoma over the last five years, the total amount of money that has been received by injured employees has skyrocketed by 26 percent. This has been a costly increase to employees and insurance companies during this time. The analysis showed that today’s employers and workers compensation insurance companies have had to pay out approximately…

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Workers compensation study draws attention from NC employees

workers compensation North Carolina State Legislative Building

Those hired by the state in North Carolina are seeking to participate in upcoming research. Employees of the state of North Carolina, as well as their advocates, have announced that they feel that their voice should be included in research that will help in the planning of their workers compensation plans for the future. They have said that they deserve to be able to contribute in the plans for their upcoming coverage. The study in question is one that legislators in the state will be using for the creation of…

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