Quote of the day
“The estimated returned premium that is owed because of the obligations breached by [Applied Underwriters Captive Risk Assurance Company] and CIC is $14,350,180, or roughly 18% of premium payments. We contend that the Applicant should be required to set aside more than this 18% of premium sufficient to cover any errors in the estimates here as a reserve for reimbursement to employers who have been induced to enter into this illegal insurance scheme. Perhaps a 25% reserve would be appropriate.”
Attorney Larry Lichtenegger
Flash: Lichtenegger Demands CDI Hold Funds from Applied Carriers
The pending sale of Applied Underwriters has former insureds and current litigants concerned. What protections are they seeking from the California Department of Insurance? Get the details here. Workers’ Comp Executive
Florida regulators to hold hearing on workers’ comp rates
Florida insurance regulators will hold a hearing October 4 on a National Council on Compensation Insurance proposal that could lead to an average 5.4 percent rate decrease in workers’ compensation rates for employers. Fox35
Oklahoma regulators announce decrease in workers’ compensation loss costs
The Oklahoma Insurance Department says employers will see a drop in the loss costs connected to workers’ compensation, after the commissioner approved a 5.1 percent decrease in loss costs for 2020. KFOR (Oklahoma City)
West Virginia justices side with miner in workers’ comp claim against employer
The West Virginia Supreme Court of Appeals recently ruled in favor of a coal miner’s claim for workers’ compensation related to his back and shoulder injuries. A treating physician had concluded the claimant had suffered a six-percent total loss of function and imposed restrictions on his range of activities. West Virginia Record
Work-related pesticide exposure linked to heart disease risk: Study
New research has found that men exposed to high levels of pesticides at work had a higher risk of heart disease and stroke: Compared to men whose work didn’t involve pesticides, men with high levels of exposure had roughly a 45 percent higher risk of heart disease or stroke in the first 10 years. The findings emphasize the importance of using protective gear when handling pesticides on the job and including exposure in medical histories, according to the study’s co-author. Coeur d’Alene/Post Falls Press