NEW YORK (Reuters) – A court has given preliminary approval to a deal settling claims that American International Group Inc under-reported its workers’ compensation market share to get out of tax obligations. AIG said in January that it would pay $450 million to settle a lawsuit by rival insurance companies, who alleged that AIG falsely …
Category: News
Jul 19
Workers’ compensation claims from Stanley Cup riot mount
FRANCES BULA VANCOUVER— From Tuesday’s Globe and Mail Published Monday, Jul. 18, 2011 9:20PM EDT Last updated Monday, Jul. 18, 2011 10:43PM EDT Back Go back to the Technology section page Workers’ compensation claims from Stanley Cup riot mount FRANCES BULA VANCOUVER— From Tuesday’s Globe and Mail One more bill can be added to the …
Jul 19
Ohio Workers Comp Joins Social Media
July 19, 2011 7:17 a.m. COLUMBUS, Ohio — The Ohio Bureau of Workers’ Compensation has launched accounts on Twitter and Facebook. Each account was started with a distinctive purpose. A century ago, “Ohioans adopted an innovative new system for protecting our employers and workforce,” said Stephen Buehrer, BWC administrator/CEO. “Today, we are using innovations like …
Jul 19
Jury Award Exceeds Compensation Sought in Personal Injury Lawsuit
A New York jury recently awarded damages greater than compensation sought in a personal injury lawsuit. The lawsuit was filed by an 89-year-old woman who suffered debilitating injuries from a slip and fall accident in her apartment. Workers were replacing windows in the woman’s apartment; furniture was moved and plastic drop cloths were placed down. …
Jul 19
New York state’s workers comp loss-cost rate to rise an average 9.1%
NEW YORK—New York state Insurance Superintendent James J. Wrynn has approved an average 9.1% increase in the workers compensation loss-cost rate. The rate increase, which was approved last week, is effective on Oct. 1. The New York Insurance Compensation Rating Board had proposed a 10.4% loss-cost increase in May, but reduced it last week to …
Jul 12
Nearly $2 Trillion Purloined from U.S. Workers in 2009
In 2009, stock owners, bankers, brokers, hedge-fund wizards, highly paid corporate executives, corporations, and mid-ranking managers pocketed—as either income, benefits, or perks such as corporate jets—an estimated $1.91 trillion that 40 years ago would have collectively gone to non-supervisory and production workers in the form of higher wages and benefits. These are the 88 million …
Jul 12
Teacher proves injuries from breaking up fight are compensable
In New York, a worker’s injuries sustained in an assault while fulfilling his job duties occurs in the course of employment even if the worker physically leaves the employer’s presence. Case name: Buffalo Public Schools, 111 NYWCLR 86 (N.Y.W.C.B. 2011). Ruling: The New York Workers’ Compensation Board held that a teacher’s injuries, sustained when he …
Jul 12
A New York state of signs
Atheists in the Big Apple threaten to sue over a street sign that mentions heaven July 11, 2011 A fresh religious controversy is ripening in the Big Apple. Atheists there want to ban a word from the name of a street. In the Red Hook neighborhood of New York City, residents got part of a …
Jul 12
Where Would We Be Without Workers Compensation?
Consider for a moment where we would be—as a society, an economy and an insurance industry—without workers’ compensation. With workers’ compensation celebrating its centennial this year, it is worthwhile to examine just how big an impact this critical line of coverage has had on our lives. First, a quick history lesson. We’re just a few …
Jul 05
Jose Reyes injury ruins Subway Series
The Mets SS hurt his hamstring on Saturday; now he, and Mets fans, hold their breath NEW YORK — The naked city did not need to hear a pop in Jose Reyes‘ hamstring to hear the pop in the Subway Series, the sure sound of a pin puncturing an overinflated event that could mark …