The BI Top 10: Week of Oct. 31, 2022
Executive moves at Hartford Financial Services Group and McGriff Insurance Services are attracting plenty of interest this week. Source link
Workers Comp
Teva to pay up to $523 million to New York state to settle opioid suit
(Reuters) — Teva Pharmaceutical Industries will pay up to $523 million to New York State as part of a nationwide settlement of lawsuits alleging it helped to fuel the U.S. opioid epidemic. CEO Kare Schultz said Israel-based Teva, the world’s largest generic drugmaker, will make the payment over 18 years, “which is good for us because it means that it’s very …
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Report finds shortcomings in OSHA COVID enforcement
A report by the U.S. Department of Labor’s Office of Inspector General found that enforcement activities by the U.S. Occupational Safety and Health Administration “did not sufficiently protect workers from COVID-19 health hazards.” The report, released Monday, found that following an agency audit OSHA did not issue citations to enforce the standard for recording and …
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Alliant acquires New Jersey-based program manager
Alliant Insurance Services said Wednesday it has acquired Mahwah, New Jersey-based Trivedi Capacity Associates, a program manager that focuses on commercial risks, particularly in the community association and condominium association markets. Terms of the transaction were not disclosed. Trivedi and its HARP risk purchasing group will become part of Preferred Concepts, a real estate-focused managing …
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CVS, Walgreens and Walmart agree to settle opioid claims
(Reuters) — CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. have agreed to pay about $13.8 billion to resolve thousands of state, local and tribal government lawsuits accusing the pharmacy chains of mishandling opioid painkillers. CVS said Wednesday it had agreed to pay about $5 billion over 10 years, and Walgreens disclosed in a filing …
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OSHA fines Dollar General another $2.8M
Less than a month after the U.S. Occupational Safety and Health Administration fined Dollar General Corp. $1.6 million for workplace safety violations, the agency on Tuesday said its inspectors issued another $2.8 million in penalties for similar violations at stores in Alabama, Florida and Georgia. Seven inspections from April 28 through June 3 identified 31 …
Issues emerge as opioids continue to drop in comp
Opioid prescribing in workers compensation nosedived to an all-time low last year, a new report finds, but experts say the picture is complicated, with other drugs taking over the pain management space, among other factors. AmTrust Financial Services Inc. reported in October that only 15.2% of its workers compensation claims for 2021 involved an opioid …
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Claims experts mull mental disability changes
The elimination of a metric for diagnosing mental disorders from the American Medical Association’s guide on disability ratings is a welcome change for workers compensation professionals addressing mental injury claims, experts say. An analysis released this fall by the National Council on Compensation Insurance said the effects of changes made last year to the AMA’s …
Court rulings address wrongful termination, adverse employment claims in workers comp
Drug tests following an injury, questions on immigration status and discrimination against workers who file claims are among the topics in recent court decisions that shed light on questions the workers compensation system has long sought answers to. California For example, California’s 6th District Court of Appeals in an Aug. 26 decision in Manuel v. …
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Perspectives: OSHA penalties put focus on safe practices
The Occupational Safety and Health Administration is significantly increasing its enforcement response for repeat and willful workplace safety citations, and not only are six-figure fines becoming more common, but a series of recent million-dollar fines, as well as criminal prosecutions, underscore the seriousness with which OSHA under the Biden Administration is enforcing workplace safety rules. …
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