Tag: workers compensation

North Carolina officials target employers without workers compensation

Julie Campbell
workers compensation insurance

The Industrial Commission has already fined and charged companies operating without proper insurance. In North Carolina, the Industrial Commission, the authority responsible for the enforcement of laws regarding workers compensation, has now started to target employers that have not been carrying adequate insurance in order to comply with the state’s laws. As a result of the crackdown that has been occurring over the last year, $1 million in civil fines have been collected. These civil fines were collected from companies without adequate (or any) workers compensation coverage. Moreover, beyond fining…

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Wearable technology may change the nature of workers compensation claims

Julie Campbell
workers compensation safety month

New breakthroughs in wearables could potentially revolutionize the healthcare industry. Recent advancements in wearable technology are changing the nature of healthcare, especially when it comes to boosting the independence and overall wellbeing of patients who are suffering from serious injuries, which could have some interesting implications for workers compensation claims. The idea is that by using wearables, the insurance industry could greatly benefit in overall claims costs. The workers compensation industry could be able to save a considerable amount on its claims while it greatly improves the quality of life…

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Workers compensation could be headed along a bumpy road

Julie Campbell
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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Pennsylvania workers compensation rates to be reduced

H. Cutner
workers compensation insurance

The state will be slashing back these insurance rates by 5.99 percent, beginning with the start of April. Pennsylvania has announced that it will be reducing its rates for workers compensation by 5.99 percent, and that this new level will become effective as of April 1, in a decision that is hoped to provide businesses with a considerable savings. In fact, the Wolf administration has said that the savings to businesses has been estimated at $140 million. The governor of Pennsylvania, Tom Wolf, explained that “These rate reductions will go…

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Workers compensation bill introduced by Tennessee lawmakers

Julie Campbell
workers compensation

Should it become a law, it could provide an alternative to the state-mandated offering, within the free market. Tennessee Senator Mark Green (R-Clarksville), who is also the vice chair of the state Senate Commerce and Labor Committee, and who is also a physician, introduced a bill with Rep. Jeremy Durham (R-Franklin), the House Majority Whip, which was designed to create an alternative to the state-mandated workers compensation insurance and that would be sold in the free market. This new Tennessee Option has been created based on the design and models…

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