Quote of the day
"At the end of the day, it looks unfair, and quite frankly, we're being stingy as a nation."
Army Vice Chief of Staff Gen. Richard Cody, at a recent congressional hearing, speaking about the system for awarding disability benefits to military veterans
CRM Holdings Announces Fourth-Quarter Profit Jump
Bermuda-based workers’ compensation benefits manager CRM Holdings Ltd., which does business in New York, Texas and increasingly in California, announces that its fourth-quarter 2006 profit more than doubled on a jump in revenue.
Go to the full story by Craig Wolf, Poughkeepsie Journal
Go to the full story by AP via Boston Globe
Editorial: South Carolina’s Broken System Needs Reform
Just 10 years ago, South Carolina boasted some of the lowest workers’ compensation premiums in the nation. Unfortunately, fraud, excessive bureaucracy and judicial activism have caused perpetual premium increases, while litigation has clogged the system so much that even plaintiffs’ attorneys are complaining. The State (Columbia, S.C.)
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More Iniquities in Armed Forces Disability System
The Army and Marine Corps pay their disabled veterans several hundred dollars a month less than the Air Force and Navy, according to the Defense Department. Moreover, all services tend to grant officers disability ratings of 50 percent or higher at a significantly greater rate than enlisted members. By Kelly Kennedy, Navy Times
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Dividend Program Sits Well with Ketchikan Employers
Ketchikan, Alaska business owners are seeing the benefits of an innovative workers’ compensation program which, in the face of rising costs, pays them dividends when the program is profitable. This is the third year that business owners received dividend payments at an average 24-percent return on what they paid into the program. SitNews (Ketchikan, Alaska)
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New York Deal Garners Unanimous Praise
Legislation that will raise benefits to workers while reining in costs to businesses under New York’s workers’ compensation system is winning widespread praise. By Ross Daly, Long Island Business News
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Study: Endotoxin an Anti-Carcinogen for Textile Workers
A new study suggests that exposure to a bacterial endotoxin found in raw cotton fiber and dust can protect textile workers from lung cancer. Researchers estimate that endotoxin exposure reduced the occurrence of lung cancer by about 7.6 cases per 100,000. Reuters Health via Cancerpage
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