Workers compensation insurer Omaha National Group Inc. announced Wednesday it acquired Sutter Insurance Co., a California-domiciled insurer, and renamed it Omaha National Casualty Co. Terms of the deal were not disclosed. Omaha, Nebraska-based Omaha National said it is licensed to issue policies in 37 states with the recent addition. Source link
Insurance rate increases slowed in the first quarter in several major lines, and prices fell for some specialty coverages, executives at Marsh & McLennan Cos. Inc. said Thursday, as the brokerage reported higher revenue and profit for the quarter. The reinsurance market is also improving for cedents, the executives said. Meanwhile, the brokerage is stepping …
Marsh McLennan sees rate hikes slowing; reports revenue growth Read More »
The U.S. Occupational Safety and Health Administration said Tuesday that it cited an automotive supply company after a worker was killed in October 2023. OSHA cited Faurecia Emissions Control Systems NA LLC, a subsidiary of Auburn Hills, Michigan-based Faurecia North America, for 10 instance-by-instance violations after the employee, who was on the job for about …
Auto supply company cited after worker’s death at Ohio plant Read More »
Travelers Cos. Inc. said Wednesday that commercial insurance rates continued to rise in most lines during the first quarter as it reported growth in net income and revenue. While the insurer reported higher catastrophe losses during the quarter and a slight increase in general liability reserves for prior-year losses, sustained quarterly renewal rate increases helped …
Travelers sees rate hikes continue; Q1 profit up over 15% Read More »
It remains to be seen how California’s $20-an-hour minimum wage for fast-food workers will affect the workers compensation industry, as the nearly 25% hike could drive up premiums in the near term due to higher payrolls but also could lead to more automation, experts say. Impacts to workers compensation insurers could be minimal to the …
Larger minimum wage increases could spur automation, hurt comp Read More »
A former California chiropractor was sentenced Friday to 54 years in state prison and ordered to pay more than $23 million in fines for his role in a $150 million workers compensation fraud scheme, authorities announced Monday. Peyman Heidary, who was convicted during a January jury trial of 68 counts of insurance fraud, conspiracy, money …
Ex-chiropractor sentenced to 54 years, fined $23M in comp fraud Read More »
The Texas Department of Insurance’s Division of Workers’ Compensation on Tuesday announced changes to its rules that it says eliminates “overly burdensome administrative regulations that (insurance) companies must adhere to in order to demonstrate the sufficiency of their (Accident Prevention Services).” The changes, which the department says concern submissions for insurance companies and are in …
Texas eliminates ‘overly burdensome’ comp insurance paperwork Read More »
The U.S. Department of Labor said Tuesday that its Mine Safety and Health Administration has issued a final rule designed to better protect miners from hazards associated with exposure to respirable crystalline silica, a known carcinogen. The final rule lowers permissible exposure limits of respirable crystalline silica, also known as silica dust and quartz dust, …
DOL issues final mine safety rule on silica dust hazards Read More »
Wisconsin lawmakers voted down a bill that would have created a rebuttable presumption of compensability for workers injured by employer-mandated vaccines. Assembly Bill 633 failed to advance Monday through a Senate joint resolution. The measure had been introduced in October 2023. Lawmakers also voted not to advance Assembly Bill 115, which would have made changes …
Wisconsin lawmakers vote down vaccine injury presumption, PTSD bills Read More »
The U.S. Occupational Safety and Health Administration said Monday that it cited a Florida contractor following the September 2023 heat-related death of a sugar cane farm worker. OSHA cited Belle Glade-based McNeill Labor Management Inc. for one “serious” violation for exposing workers to hazards associated with high ambient heat while working under direct sunlight and …
Florida contractor cited following heat-related death of farmworker Read More »