Live Insurance News

Workers compensation board in Alaska moves to lower costs

June 25, 2013June 24, 2013 G. Turner

Last week, they were seeking input from the public in order to gain ideas to reduce the rising expenses. The Alaska Workers Compensation board reached out to the public last week to help them to build ideas and receive the input of residents to be able to more effectively manage the rising costs associated with the coverage. Meetings were held by the board members in Anchorage, Juneau, Fairbanks, and Kenai. The opportunity was taken in those locations to help to gain ideas to help to stem the rising costs associated…

Workers compensation facing reforms in Tennessee

March 19, 2013October 6, 2017 H. Cutner

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…

Workers compensation payouts have exploded by 26 percent since 2007

December 26, 2012April 30, 2013

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…

California lawmakers renovate workplace injury coverage

September 10, 2012September 8, 2012 H. Cutner

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…

Simplifying the workers comp claim process

June 9, 2012April 30, 2013

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…

Insurance industry backing a bill stopping medical marijuana claims from workers compensation coverage

October 3, 2011May 8, 2013

The Insurance Institute of Michigan has revealed that the insurance industry in the state has supported a proposed law that would stop the workers compensation from being able to fund medical marijuana claims. There is already a bill being considered by the legislature in Michigan which would ban auto insurance companies from being allowed to provide payouts for medical marijuana as an part of accident claims. Some auto insurers have already been making these payments as there is some uncertainty connected to the law regarding medical marijuana in the state.…