Workers' Comp

The Treasury Department's authority to preempt inconsistent state laws when concluding bilateral insurance trade agreements with foreign countries will be considerably watered down in final financial services reform legislation.

State legislatures, regulatory agencies, and rate makers have been busy lately enacting, tweaking, and doing away with various workers' compensation laws, rules and rates.

Each year I make a list of predictions -- a dangerous habit to be sure, but one I can't seem to break.

Impairment ratings are an important issue for claims professionals. In state workers' compensation systems they drive more than $20 billion of costs.

At the NCCI 2010 Annual Issues Symposium, CEO Steve Klingel reported that deteriorating underwriting results put the workers' compensation insurance industry in a precarious position.

Investigators contacted more than 888 employers, visited 435 work sites, and issued 70 Stop-Work Orders.

Despite the urgings of Florida Insurance Commissioner Kevin McCarty and other state leaders, Gov. Charlie Crist has vetoed an omnibus property insurance bill passed at the close of the 2010 legislative session.

Despite the urgings of Florida Insurance Commissioner Kevin McCarty and others, Gov. Charlie Crist has vetoed the omnibus property insurance bill passed at the close of the 2010 legislative session.