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Sunset at sea (2)

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Deterioration in Connecticut Workers Comp Market Expected

Insurance

Seen in Insurance Journal:

Mastropietro, chairman of the state’s Workers Compensation Commission, suggested that revisions passed in 1993 after what he termed a “bloodbath” between business and labor were good for businesses and have led to lower, more predictable costs for employers and the system. The changes included a one-third cut in benefits for injured workers.

Since [...]

New York Workers Comp Rates Ordered Lower

Insurance

I’m taking a break from data-scrubbing and catching up on my to-read pile. 

Seen in National Underwriter:

New York State Insurance Superintendent Eric Dinallo has ordered a 20.5 percent decrease in workers’ compensation insurance rates for the fiscal year beginning Saturday.

His action was prompted by reforms in workers’ comp law earlier this year, and is estimated [...]

Governor Spitzer Turns His Sights on Workers Comp and Health Insurance

Insurance

As seen at Insurance Journal:

In his first report to the state, New York Gov. Eliot Spitzer included reforms of the state’s workers compensation and health care systems among the priorities in an ambitious legislative agenda.[...]

He cited workers’ compensation as a place to start to reduce the cost of doing business in the Empire State.

“We must [...]