In some other states, when the courts or the legislature recognized that fines, penalties and audits were not persuasive in convincing the defendants to properly handle worker's comp
claims and provide the injured worker with the needed medical care and wage benefits, the tort of bad faith has been allowed.
Overall, Fitch says given worker's comp
represents 18 percent of the P&C industry commercial lines net written premium, coupled with market hardening and underwriting improvements promoting earnings stability, Fitch says insurers are viewed "favorably from a credit perspective.
insurers, however, are resisting paying for medical monitoring, and if no claim has even been filed, then forget it.
Provides: Chiropractic, dance class, dental, FICA/MC, health insurance, shoe allowance, worker's comp
The state transformed from a monopolistic workers' compensation market in 1999 into a competitive worker's comp
Sometimes, an employee is off on Worker's Comp
leave under state law, and if that leave hasn't been designated as a Family and Medical Leave Act leave, there is nothing to prevent that employee from taking unpaid FMLA leave on top of Worker's Comp
This one injury could cost a company an additional $100,000 in legal fees resulting from worker's comp
Littler Mendelson, Jerry Fogel (architect of the Florida worker's comp
reforms), Cheryl Morosini, Dave Chetcuti, Angela Livingston, Annette Lindley, Diane Cohen, Debra Hinz, First Comp, CCMSI, Sedgwick CMS, and Travelers Insurance.
The worker's comp
system there, for example, is upgrading its computer system and business processes to allow for the electronic filing of many items that now must be completed on paper forms.
Little explains, "There are a couple of reasons that we are ranked #1 on that list: first, as California's only investor owned direct writer of worker's comp
, we have developed a low cost infrastructure that avoids costly middlemen; second, as a newer company, we do not have an inventory of old claims that continue to require increased funding from current period financial results.
Barbara Pelletreau's secret to a successful worker's comp
program can be summed up in three small words: Keep it simple.
The National Council on Compensation Insurance projects that the combined ratio of the worker's comp
line for accident year 1998 is about 122.