workers’ compensation News
Next Insurance Adds 24 States to Workers Comp Coverage Reach
Next Insurance has expanded its workers compensation cover into 24 additional states, including Alabama, Iowa, Louisiana and Virginia. AsThe digital small business insurer said that the coverage is ...
U.S. Reportedly Pursuing Nearly $13B of Claims in Purdue Pharma Opioid Probes
U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma after uncovering evidence of criminal and civil misconduct stemming ...
Goodbye to Workers Comp Profits in 2020 (Blame COVID-19)
The workers compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice ...
Travelers CEO: Retroactive Attempts to Force Virus BI Cover Appear Less Likely
Earlier in the coronavirus pandemic, insurers became increasingly troubled about legal and legislative efforts to make them retroactively include viruses in their business interruption coverage. ...
W.R. Berkley’s CEO: Workers Comp Rates Could Start Climbing in 2021
For W.R. Berkley Corp. and most other workers compensation carriers, rates have declined for some time. That trend could start reversing itself starting in 2021, CEO W. Robert Berkley Jr. predicted ...
Court Rejects Liberty Mutual Bid to Charge Employer for Claims Paid from Exempt Workers
A workers compensation insurer cannot charge an employer an extra $1.7 million in premiums for the risk presented by employees who were exempt from coverage under Iowa's workers' compensation law, a ...
Most Work Injuries Keep Declining, With Vehicle Accidents a Notable Exception
While the frequency of workers compensation claims has continued a decades-long decline, the number of work injuries caused by motor vehicle accidents has continued a steady increase that began in ...
California Compels Insurers to Reduce Workers Comp Premiums
California on Wednesday announced the first regulation requiring insurance companies to reduce premiums paid by employers for U.S. workers' compensation insurance, citing lower risk factors as ...