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OH Businesses: Drugs/Alcohol Should Bar WC Claims
07/31/2003
Reacting to an Ohio Supreme Court decision that overturned a similar law last year Ohio business groups are backing a bill sponsored by Representative Bob Gibbs R- Lakeville that would deny workers' compensation benefits for workers injured while they were drunk or on drugs.
The Ohio
Category: News
CA Budget Passes; WCAB Still General Funded
07/30/2003
cost employers only twenty-five cents per 1000 in payroll per year and would generate 10 million.
80 of the WCAB funding comes from the state's general fund with the balance funded by workers comp premium taxes and fees levied on self-insured companies.
The budget bill goes to Governor
Category: News
McClintock Wants CA WC Like the AZ System
07/30/2003
legislation is part of the Workers' Compensation Reform package being sponsored by the California Chamber of Commerce. The bill specifies that injury or disease arising out of employment must be certified by a physician using medical evidence based on objective medical findings.
Wrapping up his speech
Category: News
NCOIL National Conference 11/20 in New Mexico
07/29/2003
policyholders is key to modernization. A model bill will be up for adoption in Santa Fe.
RATE AND POLICY FORMS How can states speed new products to market Congress wants to know. States need to act.
AN INTERSTATE COMPACT FOR LIFE INSURANCE PRODUCTS It could help states speed reform. But will
Category: News
AAI Backs NCOIL's Antifraud Bill
07/28/2003
The Alliance of American Insurers is confident that the National Conference of Insurance Legislators' NCOIL recent unanimous adoption of a model insurance antifraud bill will add an effective new arrow to the quiver of law enforcement officials attacking this insidious crime.
"Fraud is far
Category: News
WCIRB Approves 12% Increase in Pure Premium Rates
07/25/2003
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Included in the 12 increase is a 5 provision to reflect the cost of Assembly Bill No. 749 on 2004 policies and a 1.8 provision to reflect the expected long-term average cost of losses arising from earthquakes.
The WCIRB anticipates submitting a rate filing with the California Department of
Category: News
CorVel: Earnings/Revenues Up on WC Crisis Trend
07/24/2003
June quarter. June quarter revenues were 76 million up 15 from 66 million in the June quarter of 2002. Revenues and earnings for the quarter reflected ongoing growth in the Company's preferred provider organization PPO its medical bill review services and internet-based activities.
The
Category: News
Poochigian Says Conference Must be 'Open'
07/24/2003
anecdotal evidence of the failures of the current WC system and focus on concrete proposals that will fix the system.
Brian Perkins Principal Consultant to Senator Jackie Speier D-San Mateo who has been the point person for the Senator on her bill SB 354 provided to the Committee a Fact Sheet on
Category: News
Crawford & Co Posts Profit Despite Lower Gross
07/22/2003
in the Company's U.S. insurance company referrals for high-frequency low-severity claims in the current quarter. Lower medical bill auditing revenues associated with the previously reported non-renewal of a contract with a major domestic insurer contributed 2.8 million of this decline. Revenues
Category: News
FL: NCCI Rate Filing to Reflect SB 50A Savings
07/22/2003
In response to the order from the Office of Insurance Regulation OIR NCCI has submitted a rate filing for a reduction in rate premiums reflective of cost savings of 420 million associated with SB 50A the workers' compensation reform bill signed by Florida Governor Jeb Bush on July 15 2003
Category: News
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