Workers CompensationShowing 25 to 44 of 44 items. Page: < 1 2
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The inadequate rates that many workers compensation self-insured trusts charge may increase effective January 1, 2007, due to a review of rate adequacy being conducted by the New York Workers Compensation Board.
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ALBANY, N.Y., October 19 – A fraud sweep conducted by Queens District Attorney Richard Browns Office has resulted in the arrests of nine individuals who allegedly committed workers compensation fraud, according to NYSIF CEO David P. Wehner.
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ALBANY, N.Y., October 19 – Eight individuals, including a New York State corrections officer, have been arrested for workers compensation fraud against NYSIF in a sweep conducted by the Westchester and Putnam District Attorneys Offices.
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TRENTON, N.J., September 17 – An insurance expert told a special legislative committee that New Jersey government employees have one of the worst accident rates in the country, and that is costing taxpayers millions of dollars in workers compensation and sick leave injury benefits.
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NEW YORK, N.Y., September 12 – Program business insurer Delos Insurance Company has entered into a program management agreement with FirstComp Underwriters Group, Inc., which administers workers compensation insurance coverage in 25 states.
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ALBANY, N.Y., August 23 – Negotiations by the State Insurance Fund, Workers Compensation Board, AFL-CIO, and the Legislature have resulted in three bills providing expanded benefits for rescue workers at the World Trade Center (WTC) on September 11, 2001 being signed into law by Governor George E. Pataki.
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ALBANY, N.Y., August 23 – Governor George E. Pataki has again vetoed legislation that would increase workers compensation benefits for certain voluntary hospital workers injured as a result of rescue activities at the site of the World Trade Center (WTC) on September 11, 2001.
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Monte Almer, president of the New York Compensation Insurance Rating Board (NYCIRB), has written a sharp letter criticizing Insurance Department Superintendent Howard Mills decision to reject NYCIRBs filing for a workers compensation premium rate increase of 7.5 percent.
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ALBANY, N.Y., August 4 – Transfer of workers compensation unresolved cases to expedited hearings has been vetoed by Governor George E. Pataki
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POUGHKEEPSIE, N.Y., August 3 – Compensation Risk Managers, LLC (CRM), an administrator for workers compensation group self-insurance programs has announced the successful identification and prosecution of a fraudulent workers compensation claim, involving a claimant who purported to be disabled but was instead working as a bartender and bouncer.
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TRENTON, N.J., May 25 – The special fund which pays for workers compensation claims of 22 insolvent insurance companies may run out of money next year, and higher assessments against existing companies are needed. The disclosure was made to the Legislatures budget committees by the state Insurance Department.
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Douglas Hayden was feted Wednesday, May 17, in downtown Manhattan by colleagues and friends as sad to see him jump from NYSIF as they were happy to see him land in WRM. He announced his resignation as general attorney/chief legal officer of The New York State Insurance Fund, and accepted a position as vice president, Corporate Development, Wright Risk Management, which runs insurance companies and public, private, and non-profit insurance organizations. Douglas will also become a partner at the Long Island law firm of Congdon, Flaherty, OCallaghan, Reid, Donlon, Travis & Fishlinger.
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NEW YORK, N.Y., May 3 – NYSIFs Division of Confidential Investigations, working with the New York State Insurance Frauds Bureau, has provided information that has led to the arrest of two upstate residents, who are being charged with insurance fraud.
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JERSEY CITY, N.J, and OAKLAND, Calif., March 23 – ISO and InsureWorx have announced an alliance to integrate ISOs Workers Compensation Information Services (WCIS) solution modules with the policy and claims administration software applications from InsureWorx, according to the companies.
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ALBANY, N.Y., March 16 – A 25 percent increase in the maximum workers compensation benefit from $400 to $500 a week, the first benefit increase in more than a decade, proposed in legislation by Governor George Pataki, was one of a number of reforms reviewed by insurance, business, and labor officials at a Senate Majority Roundtable on workers compensation.
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ALBANY, N.Y., March 14 – A new on-line tool, at www.nysif.com, where businesses can validate certificates of insurance, is now available from the New York State Insurance Fund (NYSIF), according to NYSIF executive director David P. Wehner. This enhancement positions the NYSIF website as the industry standard for all insurers, said Wehner. Additionally, this initiative will greatly reduce fraud involving false certificates of insurance.
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Does a workers compensation insurer (or self-insurer) have a right to recover WC medical and lost wage benefits from the no-fault carrier of a vehicle in which a worker is injured during the course of his employment?
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All New Yorkers are affected by the global market, which has tested state and regional economies across the nation. We must encourage new and existing businesses to invest in New York State. In order for the Empire State to be more attractive in this competitive environment, it is essential we take steps to reform the states expensive workers compensation system.
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ALBANY, N.Y., February 6 – Workers compensation, market availability, and affordability and additional fraud legislation are an integral part of the comprehensive legislative program outlined by the Independent Insurance Agents & Brokers of New York (IIABNY) for the 2006 New York State legislative session.
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Judging from the language, one would think there was an all-out battle raging in New York State between the safety groups underwritten by NYSIF and the self-insured trusts " a battle for the hearts, minds, and workers compensation dollars of the states employers. Given the complexity of the issues, the technicalities involved in the analyses, and the specific legal meaning of particular terms, its no easy matter to weigh the veracity or even the legitimacy of the various arguments and assertions.
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