What Is Workers' Comp Indemnity?
-- For the fourth straight year, employers across the state could have to pay more for their workers' compensation insurance. Insurers are seeking a 1 percent increase in the insurance that employers purchase to cover on-the-job injuries. The main cause for the increase is that medical costs are outpacing declines in other expenses. If state regulators approve the rate hike, it would go into effect Jan. 1. Insurance Commissioner Kevin McCarty's office stressed that even if the hike is granted, workers' compensation rates will still have dropped by nearly 56 percent from where they were a decade ago. In 2003, the Legislature passed a law aimed at reducing rates through provisions that include a limit on fees paid to lawyers for injured workers.
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State touts continued workers' compensation improvement
He receives medical treatment and wage support when he cannot return to work. Medical-Only Claims An employee injured on the job receives medical treatment for the injury. A medical-only claim applies when the employee immediately returns to work after the injury. An employee must be off for eight consecutive days before he can receive wage support, so even if he misses a few days from work, his claim is considered medical-only. Wage Support Each state sets the limits on the amount of money you can receive for a work-related lost-time injury.
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OH BWC Investigations Result In Six Workers' Comp Fraud Convictions In July
And hopefully it is a sign that things will improve, she said. Ferriter said a big issue remains Montanas relatively high rate of workplace injuries. She said the state still injures workers at much higher rates than elsewhere. And the injuries arent restricted to jobs most people consider high risk, like construction or mining. In the past year, health care and social assistance workers had the highest rate of workers compensation injuries. The other most injury-prone fields were public administration, retail, education, food services, followed by construction and manufacturing.
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Finance Fri, Aug 16, 2013, 11:33 PM EDT - U.S. Markets closed CompSource Oklahoma Selects Guidewire Solution for Underwriting, Policy Administration, Rating, Billing and Claims Management Guidewire InsuranceSuite to help Oklahoma workers compensation insurer enhance operational efficiencies and increase service levels Press Release: Guidewire Software, Inc. 14 hours ago +0.3700 OKLAHOMA CITY & FOSTER CITY, Calif.--(BUSINESS WIRE)-- CompSource Oklahoma, the leading provider of workers' compensation insurance in Oklahoma, and Guidewire Software, Inc. ( GWRE ), a provider of software products to Property/Casualty insurers, today announced that CompSource has selected Guidewire InsuranceSuite including Guidewire Client Data Management as its new platform for underwriting and policy administration, rating, billing, claims, and customer contact management. PwC US, a Guidewire PartnerConnect alliance member, will also work with CompSource on the implementation. CompSource is investing in its technology infrastructure and has selected Guidewire InsuranceSuite to help increase its operational efficiencies and maintain a high level of service, to both policyholders and agents. CompSource is committed to being a valuable resource to the Oklahoma business community and providing policyholders, agents and injured workers with exceptional customer service, said Jason Clark, president and chief executive officer, CompSource. In order to successfully execute our vision going forward, we needed to increase our operating efficiency and technological capabilities through a system conversion. We ultimately selected Guidewire as our business partner because we were impressed with the depth and breadth of InsuranceSuites features and functionality as well as with the knowledge and dedication of the Guidewire team. InsuranceSuite will enable CompSource to: Increase customer service levels by offering options that best suit customer communications preferences; Enhance operational efficiency across the organization by standardizing policy administration, billing management and claims handling processes on a common platform; and More easily address the organizations specific requirements leveraging the solutions configurable features and functionality.
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CompSource Oklahoma Selects Guidewire Solution for Underwriting, Policy Administration, Rating, Billing and Claims Management
These three arbitrators will join the 27 who are currently serving. In 2011, Quinn championed and signed into law historic workers compensation reform legislation to overhaul the system in Illinois. These individuals have years of professional experience that will benefit the Illinois workers compensation program, Quinn said. I am pleased to appoint these arbitrators and a commissioner who will work for the people of Illinois to resolve workers compensation cases in a manner which treats injured workers with respect and ensures that employers in Illinois receive a fair and efficient resolution to claims. The reforms signed into law by Quinn in 2011 called on the governor to appoint new arbitrators to the Commission, considering the recommendations made by the Workers Compensation Advisory Board, which is a body composed of six members representing the employer community and six members representing employees and working people in Illinois. Arbitrators at the Commission are responsible for ruling on claims filed by employees who suffer an injury at work.
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Governor Strengthens Workers' Compensation Program
The court actions are the result of investigations conducted by BWCs special investigations department (SID). The department works to deter, detect, investigate and prosecute workers compensation fraud. Our pursuit of fraud reflects our commitment to ensuring employer premium dollars are being protected, and we are providing care to injured workers so they can return to work, said Buehrer. We will continue to highlight our fraud efforts at every opportunity to promote awareness and deterrence. Following is a sampling of the cases that resulted in a guilty plea or conviction during July. Sarah Barajas, dba, Bane Specialty Services (Dayton, Montgomery County) entered a diversion program after investigators confirmed she falsified her application for workers compensation insurance coverage. SIDs Employer Fraud Team received an anonymous allegation that Bane Specialty Services/David Bane, a temporary employment agency, had been under-reporting payroll premiums. The investigation found Bane Specialty Services canceled its policy effective January 2011, indicating the business had ceased operation. On the same date, David Bane filed his final payroll report indicating he owed BWC premiums of $116,677.12.
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