Workers' Compensation

Recent Posts

Colorado Division of Insurance Tallies $188 Million in Consumer Savings and Restored Benefits for Past Year
Posted on 11 Aug 2009 by LexisNexis Workers' Comp Law Newsroom Staff

DENVER , CO - Adding up savings, penalties and fines assessed, and surcharges on fines, the Dept. of Regulatory Activity’s Division of Insurance tallied more than $188 million in savings and benefits to consumers for the fiscal year ending in June... Read More

Widespread Lay Offs Shrink Payroll and Premium Volume of Workers' Comp Insurers
Posted on 31 Aug 2009 by LexisNexis Workers' Comp Law Newsroom Staff

The decline in payroll resulting from widespread lay offs has reduced the premium volume for workers' compensation insurers. Even so, most insurers have not increased rates to make up for lost business. Source: Business Insurance Read More

NC: NCRB Announces ManagePolicy Web App
Posted on 11 Dec 2009 by workerscompensation.com

Raleigh, NC (CompNewsNetwork) - The North Carolina Rate Bureau is pleased to announce the availability of the ManagePolicy web application. The ManagePolicy web-based application provides carriers with access to their reported policy data as it resides... Read More

BrickStreet Insurance Plans to Drop 1,000 Workers' Comp Policies in 2009 to Trim Costs
Posted on 30 Dec 2008 by LexisNexis Workers' Comp Law Newsroom Staff

CHARLESTON, WV - BrickStreet Insurance is planning to drop 1,000 workers' compensation policies that it calls the "worst of the worst" in terms of combined ratios. Source: The Charleston Gazette To read the full article, click here ... Read More

Eastern Alliance Insurance's"Pay As You Go" Workers' Comp Program Achieves $1M Mark Within First 60 Days
Posted on 12 Jun 2009 by LexisNexis Workers' Comp Law Newsroom Staff

LANCASTER, PA - Eastern Alliance Insurance Group (EAIG), a subsidiary of Eastern Insurance Holdings, Inc., has announced its workers' compensation "pay-as-you-go" program, ParallelPay, reached the million dollar premium mark earlier this... Read More

CIGNA Reports Losses for Fourth Quarter 2008 and Full Year 2008
Posted on 5 Feb 2009 by LexisNexis Workers' Comp Law Newsroom Staff

PHILADELPHIA, PA - CIGNA Corporation reported a net loss of $209 million, or $0.77 per share, for the fourth quarter of 2008 compared with net income of $263 million, or $0.93 per share, for the same period last year. The net loss for the fourth quarter... Read More

AIG Reports $1.5B Net Income for 1Q 2010
Posted on 7 May 2010 by LexisNexis Workers' Comp Law Newsroom Staff

NEW YORK, NY - American International Group, Inc. (AIG) today reported net income attributable to AIG of $1.5 billion for the first quarter of 2010, or $2.16 per diluted common share, compared to a net loss of $4.4 billion or $(39.67) per diluted common... Read More

Ohio Lawmakers to Address Court Ruling on Workers' Comp Rates During Current Lame-Duck Session
Posted on 12 Dec 2008 by LexisNexis Workers' Comp Law Newsroom Staff

COLUMBUS, OH - Lawmakers in the State General Assembly say they will pass legislation during the current lame-duck session to give the Ohio Bureau of Workers' Compensation some "breathing room" to make changes ordered by Cuyahoga County... Read More

CA: WCIRB Announces Spotlight Series on Experience Rating
Posted on 4 May 2010 by LexisNexis Workers' Comp Law Newsroom Staff

SAN FRANCISCO, CA - The Spotlight section of the WCIRB website contains timely workers’ compensation information written for insurers, agents and brokers and policyholders. For the next several months, the focus of the Spotlight will be California's... Read More

Texas Mutual Announces $3.2 Dividend to Texas Restaurant Association
Posted on 13 Jan 2009 by LexisNexis Workers' Comp Law Newsroom Staff

AUSTIN, TX - Texas Mutual Insurance Company announced a $3,162,738 dividend to the Texas Restaurant Association (TRA) group discount program based primarily on the TRA's favorable loss history, making this the largest dividend in the insurance company's... Read More

CA: Cal Chamber Posts Interviews With DIR Director John Duncan on Workers' Comp Premium Assessment Increase
Posted on 6 Jan 2010 by LexisNexis Workers' Comp Law Newsroom Staff

SACRAMENTO, CA - The California Chamber of Commerce recently interviewed California Department of Industrial Relations Director John Duncan and DIR Chief Financial Officer Greg Edwards on the increase in workers' compensation premium assessments.... Read More

New York Senate Confirms Wrynn as Insurance Superintendent
Posted on 16 Sep 2009 by LexisNexis Workers' Comp Law Newsroom Staff

ALBANY , NY - The New York State Senate has unanimously confirmed Governor David A. Paterson's nomination of James J. Wrynn as the 40th Superintendent of the New York State Insurance Department. Wrynn has served as Acting Superintendent since August... Read More

CA: Insurance Commissioner Announces Appointments to WCIRB Governing Committee
Posted on 12 Mar 2010 by LexisNexis Workers' Comp Law Newsroom Staff

SACRAMENTO, CA – Insurance Commissioner Poizner today announced that he has reappointed Lee Pearson, of Rancho Murieta, and Bruce Wick, of San Bernardino, to the Workers’ Compensation Insurance Rating Bureau Governing Committee. Pearson... Read More

IA: Insurance Commissioner Approves 2.3% Workers' Comp Rate Increase Effective 1/1/2010
Posted on 8 Oct 2009 by LexisNexis Workers' Comp Law Newsroom Staff

DES MOINES, IA - Insurance Commissioner Susan Voss has approved an overall 2.3% rate increase for workers' compensation insurance effective January 1, 2010. Read the Commissioner's order Source: Iowa Insurance Division Read More

Federal Reserve Bails Out AIG With $85 Billion Loan
Posted on 17 Sep 2008 by LexisNexis Workers' Comp Law Newsroom Staff

NEW YORK, NY - The Federal Reserve has agreed to take a nearly 80 percent stake in American International Group, Inc., in exchange for an $85 billion loan. Source: International Herald Tribune To read the full article, click here . Read More