Quote of the day
“We believe this, eventually, will create upward pressure on rates that employers will pay.”
Florida United Businesses Association COO Lance Lozano
Flash: CORRECTION: Applied/CIC IS RENEWING AND WRITING NEW BUSINESS
The CDI Conservation and Liquidation office is permitting Applied Underwriters’’ California insurance Company to continue to write new and renewal business. Find out about it here…. Workers’ Comp Executive
Louisiana workers’ comp rates to drop next year
Rates for workers’ compensation policies are slated to drop in Louisiana by 8.4 percent by May 2020, after state insurance regulators last week approved the annual lost cost filing of the National Council on Compensation Insurance. Rates have been on the decline for years. The Advocate
Florida business group says attorney fees could outpace workers’ comp rate drop
A Florida business advocacy group senses “guarded optimism” about a recently announced workers’ compensation insurance rate decrease in 2020 but remains concerned that a 2016 Florida Supreme Court decision, in which the court ruled the state’s mandatory attorney fee schedule for use in workers’ comp awards violated due process, could raise overall costs. Florida Record
Florida prosecutors charge contractor cashed nearly $1M in paychecks
A Broward County, Florida masonry contractor evaded paying for workers’ compensation for at least a year by having employees cash nearly $1 million in checks at a convenience store, and faces charges in two other similar alleged scams, prosecutors say. An audit reportedly showed the company’s payroll was double what the company owner originally declared. Palm Beach Post
Ohio man pleads guilty to $200K workers’ comp fraud
A 51-year-old Lexington Twp., Ohio man has admitted to defrauding the Ohio Bureau of Workers’ Compensation almost $200,000 by operating a tree services business without required workers’ compensation coverage, underreporting payroll and misclassifying workers in order to pay a lower premium, and several other allegations. Law enforcement authorities also reportedly recorded video of him operating a tow truck for a towing services company twice last year when he was supposed to be permanently disabled. Canton Repository