What is the Total Cost of Risk for Workers Compensation? http://ht.ly/1HWfQ ( TCORBLOG.com )
Should I put snow Melt down when Parking?
Should I put snow Melt down when Parking Lots are Icy? http://ow.ly/1DUVH http://ht.ly/1DUWw .Good time to implement techniques to reduce our Total Cost of Risk
Filed under Workers Comp
How Does Sarbanes Oxley apply to Non-Profits?
How Does Sarbanes Oxley apply to Non-Profits: http://ow.ly/1ycPV
Filed under Workers Comp
Why do you need Punitive Damages Coverage?
Why do you need Punitive Damages Coverage Even if your State does not permit it? http://ow.ly/1uzOV
Filed under Insurance, Risk Management
Oklahoma Workers Comp Reform
I keep reading about workers comp reform efforts at the state level but I don’t think anybody really understands the whole issue. They said they did not want to change the court system to an administrative system. The court system IS the problem. When you have to go to court, look up and see a judge wearing a robe in a court setting and the insurance carrier has an attorney present, you naturally think you need an attorney. Why not make this a less formal setting, and have administrators set up in conference rooms, meet with the parties, settle claims and eliminate the court system?
Any reforms that are done will then be challenged in higher courts and many will be thrown out. Meanwhile we in Oklahoma sit here paying almost double what the folks in Arkansas pay for their workers comp insurance. We are higher than almost any state in our entire region and it’s not because of our benefit levels paid to workers. We need real reform and real people to step forward and make the necessary changes that will stick.
Filed under Workers Comp
Oklahoma Workers Comp Reform?
Oklahoma Workers Comp Reform? http://ow.ly/1o8qd
Filed under Insurance, Workers Comp
Texas Negligence Claim get’s Workers Comp Treatment
A Texas Court of Appeals rules Employee that brings suit against employer that does not carry Workers Comp insurance, the suit still arises under the Workers Comp Act.
Read Entire Article here on Risk & Insurance
Filed under Workers Comp
NCCI Recommends a 7% Work Comp Rate increase for 2010 in Oklahoma
NCCI just did it’s Annual Advisory Forum in Oklahoma City. They are recommending a 7% increase in WC rates in Oklahoma for 1/1/2010. We continue to have one of the most costly systems in the nation that delivers the least to the injured. Our court system is outdated and must be changed to an administrative system.
Click Here to download Oklahoma Data & Presentation from NCCI.com
Filed under Insurance, Workers Comp
New Oklahoma PPD Rate Charts Effective 11/1/09
As many of you know, the State now updates the PPD rates annually instead of every 3 years. Below is the link to the newest rate chart. It is important to note that when this data was produced, Oklahoma was in the middle of a Mini Oil Boom. These wages have slightly skewed the numbers for this year.
Filed under Workers Comp
Does the new Medicare Workers Compensation Reporting Fine Effect you?
You may have read about a $1,000 per day fine for not reporting Workers Comp Injuries to Medicare. Many are reporting that Employers are responsible for reporting this. You are only responsible for reporting if you are a “RRE” (responsible reporting entity). If you purchase Workers Compensation from a Insurance Carrier you are not the “RRE”, the insurance company is. If you are self-insured, however, you are the RRE. Click here for a full article on the info.
Filed under Workers Comp
