Category: Workers Compensation

Workers comp insurance companies reporting live insurance news along with consumer friendly stype of articles posted daily.

Allstate’s $2 Billion Deal: What Investors and Policyholders Need to Know About the Big Sell-Off

Ester Adams
Allstate's $2 Billion Deal: What Investors and Policyholders Need to Know About the Big Sell-Off

Allstate Divests Employer Voluntary Benefits Business for $2 Billion: Impact on Investors and Policyholders In a strategic move that sent ripples through the insurance sector, Allstate has sold its Employer Voluntary Benefits business to StanCorp Financial Group, known as The Standard, for $2 billion. This transaction marks the beginning of Allstate’s plan to divest its Allstate Health & Benefits units, including Employee Voluntary Benefits, Individual Health, and Group Health, in a bid to unlock their growth potential by merging them with companies having complementary strengths. The announcement has been met…

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Kansas governor signs workers compensation reform bill

H. Cutner
Workers Compensation - Kansas Flag - Reform

Governor Kelly has signed bipartisan legislation Senate Bill 430 into law Kansas Governor Laura Kelly has signed Senate Bill 430, a bipartisan workers compensation overhaul bill meant to provide comprehensive updates to the laws in the state. Changes were broadly believed to be long overdue for the state “This legislation is a win for our workforce, our businesses, and organized labor,” said Kelly.  “The reforms in this legislation will create a more just and efficient workers compensation system that increases the benefits for injured workers while creating administrative efficiencies and…

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avô App Revolutionizes Workers’ Compensation Transport and Language Services

PR Article
mobile apps

avô Transportation and Language Solutions has developed and launched an app for its traditional provider network that is set to transform the landscape of workers’ compensation transportation and translation services. This innovative platform mirrors the efficiency, reliability and transparency found in avô’s ride-share solutions, catering to the complete needs of workers’ compensation payers and patients.   “The avô app is designed to optimize the assignment process for transportation and language providers in our traditional network, including specialized vehicles, long-distance trips and interpreter services,” said President Fred Schafer. “By leveraging cutting-edge technology,…

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Wisconsin governor signs workers compensation bill into law

H. Cutner
Workers Compensation - Wisconsin Bill

Governor Tony Evers signed Assembly Bill 1073 to make it 2023 Wisconsin Act 213. Wisconsin Governor Tony Evers signed Assembly Bill 1073 regarding improvements to workers compensation in the state, making it 2023 Wisconsin Act 213. The changes were made based on recommendations by the WCAC The Workers Compensation Advisory Council (WCAC) made recommendations for the changes to the state system, and these helped to guide the creation of the bill. Governor Evers signed the bill at the State Capitol in his office, in the presence of voting WCAC members,…

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4.9 percent workers’ compensation rate hike coming to Washington

Marc
Workers compensation - Person looking stressed

The Washington State Department of Labor & Industries announced the increase for 2024. Next year, the average workers compensation premium in Washington will be 4.9 percent higher, according to a recent announcement from the state’s Department of Labor & Industries. The rate increase will become effective on January 1, 2024, and will be paid jointly by workers and employers. The workers compensation rate increase will mean that every full-time employee’s premium will be rising by an average of $65 per year. That cost will be split between workers and employees.…

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