The refunds are the result of provisions of the Patient Protection and Affordable Care Act that took effect in 2011 which limit medical loss ratios, the amount of premium dollars health insurers can reserve for profit and administrative costs. Read More
Despite the fact that one in three U.S. adults is obese, claims adjusters often do not ask claimants about their height and weight during the initial intake process of a workers' comp claim, employers and consultants say.
Not only are obese workers comp claimants likely to miss more work days than healthy-weight co-workers with similar injuries, obese workers are likely to have higher medical costs and are more likely to become permanently disabled, research has shown.Read More
If approved, Oklahoma would become the second state to adopt an alternative workers comp system. Texas has operated a similar opt-out system since 1913.
The average premium assessment among 32 states that impose the taxes is 4.2 percent. In contrast, New York state employers pay assessments totaling 20.2 percent of their premiums.Read More
A total of 3.9 million people were covered by such plans as of January, according to Consumer Reports.Read More
Revenue for its human resources solution unit increased 113 percent to $4.5 billion. Read More
The Labor Department said the proposal released Jan. 30 implements amendments to the military leave provisions of the FMLA made by the National Defense Authorization Act of 2010.Read More
The report noted that the agency identified combating systemic discrimination as a top priority in a 2006 task force report.
The issue is particularly challenging for buyers with large natural catastrophe and supply chain exposures, according to the survey of the 25 member firms of the Independents, an international coalition of privately owned insurance brokers and risk management services firms.Read More