Quote of the day
"To say they're saving us money? I think it's a public relations thing. For the employee, it's such a miniscule amount, I'd rather see [workers'] comp wake up and be a more friendly organization to work with than take some of the money from employees."
Washington orchardist Jeff Rippon, reacting to the state's rate holiday.
Washington Workers’ Comp Recipients Get Cost-of-Living Boost
Injured workers currently receiving Washington workers’ compensation wage-replacement or pension benefits will receive a 5.445 percent cost-of-living increase effective July 1. Tacoma Daily Index
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Washington Rate Holiday Now in Effect
A result of the state’s medical aid surplus, Washington’s workers’ compensation “rate holiday” has officially taken effect and will last for six months. By Christina Wu, KVEW-TV (Kennewick)
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Vegas Clinic Capitalizes on Workers’ Comp Cases
Sustained growth in the Las Vegas Valley and its attendant building boom has fed a steady increase in the number of workers’ compensation cases, and one medical clinic plans to capitalize on the development by adding a new facility. By Ben Stephens, Las Vegas Business Press
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Red Tape Stalls Sept. 11 Responder’s Claims
As a New Jersey father of two, who has not worked in years as a result of disabilities stemming from his work at the World Trade Center site after Sept. 11, 2001, gets the “runaround” from the New York State Workers’ Compensation Board, a volunteer fire company gives him a much-needed $3,800 gift. Aside from the donation, his experience is not unique. By Heather Pharo, Press of Atlantic City
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Money Manager Pleads Not Guilty in BWC Investment Scandal
Mark Lay, founder and chief executive of a money management firm that ran a Bermuda hedge fund for speculative, high-risk investments on behalf of the Ohio Bureau of Workers’ Compensation, pleads not guilty Monday to charges of losing $215 million in state investment funds. By AP via Toledo Blade
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CRM Completes Deal with Holding Company Nymagic
Bermuda-based workers’ compensation benefits manager CRM Holdings Ltd., and insurance holding company Nymagic Inc., announce completion of an agreement in which CRM is assuming Nymagic’s rights and obligations on almost all excess workers’ compensation policies on which the two collaborated. By AP via Yahoo! Finance
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RSIs: Career Killers
Aggravated by sedentary lifestyles and technology-based jobs, repetitive stress injuries can turn into career-threatening diseases, even if they are not life-threatening. According to Fed-OSHA, RSIs represent 62 percent of all workers’ compensation claims and results in nearly $15-20 billion in lost work time. By Banasree Purkayastha, Financial Express India
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