Rating agency A.M. Best Co. Inc. on Friday said it has placed Pie Insurance Group’s A- financial strength rating “under review with negative implications.” Pie’s 2023 results included “material underwriting losses brought on by adverse reserve development in its New York book of business,” Oldwick, New Jersey-based Best said in a statement. Pie, an insurtech company …
The U.S. Occupational Safety and Health Administration said Thursday that it cited a Kansas truck washing company after a worker died from hydrogen sulfide gas exposure. OSHA cited Liberal-based Red Barn Truck Wash & Service Center LLC for two willful and 24 serious violations and proposed $171,680 in penalties after one worker suffered fatal injuries …
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West Virginia lawmakers introduced legislation on Thursday that would add more types of cancers to the list of those accepted as occupational diseases for firefighters in the state. S.B. 170 would add bladder cancer, mesothelioma and testicular cancer to the list of cancers that would fall under the state’s presumption. The amendments would expire on …
West Virginia aims to add cancers to firefighter presumption Read More »
AssuredPartners’ hiring of a former Hartford exec for a regional leadership role tops this week’s BI Top 10. Source link
Lawmakers in Connecticut introduced a bill Thursday that addresses warehouse worker performance quotas and other issues that worker advocates say have led to a steady increase in repetitive motion injuries. S.B. 412, which was referred to Joint Committee on Labor and Public Employees, focuses on work within “warehouse distribution centers.” The bill states that whenever …
Connecticut lawmakers consider comprehensive warehouse safety bill Read More »
The U.S. Occupational Safety and Health Administration said Wednesday that it has reached a settlement with a Pennsylvania manufacturer that resolved litigation over a health and safety citation. OSHA said the agreement with Donora-based Regal Industrial Corp. affirmed four willful, 11 serious and two other-than-serious violations and $299,000 in penalties that were issued following a …
OSHA, Pennsylvania manufacturer settle safety litigation Read More »
The U.S. Occupational Safety and Health Administration said Wednesday that it cited a New Jersey frozen food company after a worker suffered an amputation injury in August 2023. OSHA cited Robbinsville-based CJ TMI Manufacturing America LLC for four willful, one repeat and three serious violations and proposed $551,719 in penalties. The agency did not disclose …
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BOSTON – Psychosocial factors can hamper recovery from lower-back pain and be a stronger cost driver than some catastrophic injuries, analysts with the Workers Compensation Research Institute said Tuesday. These risk factors, which include fear of pain due to activity, negative coping, job dissatisfaction, perceived injustice and stressful work, as well as family and support …
Psychosocial factors can impede workers’ lower-back recovery: WCRI Read More »
BOSTON – While inflation in the general economy has slowed since 2022, workers compensation payment growth is still at levels higher than in 2020, experts with the Workers Compensation Research Institute said Tuesday. Changes in medical care utilization and mix of services continue to affect workers comp pricing, and the recent trend of health care …
Workers comp costs up despite general inflation decline Read More »
Commercial policyholders paid more for most major lines of coverage last month as premium renewal rates accelerated compared with January, according to a report Tuesday from Ivans Insurance Services, a unit of Applied Systems Inc. Commercial property insurance rates saw the biggest overall increase in February at 10.8%, compared with 10.3% in January; commercial auto …