In a one-year period, the cost of medical care and productivity losses associated with injuries from motor vehicle crashes exceeded $99 billion , that is > $99, 000, 000, 000– with the cost of direct medical care accounting for $17 billion. A new study by the Centers for Disease Control and Prevention says the total annual cost amounts to nearly… Read More »Motor Vehicle Crash Injuries Statistics
Zurich has introduced an enhanced professional liability policy aimed at mid-sized and large construction customers. “The coverage is designed for the professional exposures of a construction manager, whether offered through an at-risk or agency contract, as well as trade subcontractors with or without direct design exposure,” said Scott Rasor, head of Construction for Zurich’s North America Commercial business division. “The… Read More »Professional Liability Coverage for Contractors
As reported by WorkForce.com (full article: http://www.workforce.com/section/00/article/27/30/48.php_ A pregnant welder who was transferred from her job can pursue pregnancy discrimination and Americans with Disabilities Act claims, a divided (2-1) federal appeals court has ruled in largely overturning a lower court decision. However, a panel of the 6th U.S. Circuit Court of Appeals in Cincinnati upheld the lower court’s… Read More »Pregnancy Discrimination
California’s Workers’ Compensation Insurance Rating Bureau is considering requesting a 30 percent increase in pure premium rates for 2011 policies. The news that California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) might ask for the increase came out of a meeting of the bureau’s actuarial committee. That committee makes a recommendation to the WCIRB’s governing committee, and then the governing committee… Read More »Another Workers Comp increase in California?
California Insurance Commissioner has imposed regulations designed to combat illegal rescissions. The rules take effect on August 18. Currently, health insurers may only rescind policies under very specific, limited circumstances defined by law and regulations. In the past, some insurers have exploited vagueness in these laws to improperly rescind health insurance policies, according to the Department of Insurance. The new… Read More »Illegal Insurance Rescission Prevention in California
The Insurance Service Office (ISO) has revised its method of assigning symbols to vehicles. Rather than a single symbol, there will be separate comprehensive and collision symbols. Instead of a range of symbols from 1 to 27 with a manufacturer’s suggested retail value up to $80,000 and above, there will be a range of 1 to 75 for values up… Read More »ISO changes for 2011 and later vehicles
Newly discovered documents obtained by Workers’ Comp Executive reveal that the Workers’ Compensation Insurance Rating Bureau (WCIRB) is violating both the letter and spirit of the agreement it signed with the California Department of Insurance 16 years ago. WCIRB continues to violate the agreement by denying the public, employers, the Legislature, the executive and regulatory branches of government, and other… Read More »WCIRB Violates Open-Access Agreement with Department