Quote of the day
"The [$2.9 million] is a reflection of the value. They paid a premium for the property because of the urgency of the project."
Ken Miller, Coldwell Banker Commercial C&C Properties in Redding
Did State Fund ‘Overpay’ for Redding Property?
Something smells a little fishy in Redding and it’s emanating from State Compensation Insurance Fund’s new regional office. Read this Workers’ Comp Executive investigative exclusive: how the government-owned insurer paid an inflated price for 11 acres, how one State Fund board member pushed for the office to be built in his hometown, and where the no-bid contract went. You can read it by clicking here. Workers’ Comp Executive
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Payments to Increase for Permanent Disability
A final decision is yet to be locked in, but speculation is already stirring about how coming changes to the permanent disability rating schedule will impact California’s workers’ compensation system. Is the current path of change the wisest option? Read all about it in the current print edition of Workers’ Comp Executive. Premium subscribers can get it by clicking here. Workers’ Comp Executive
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CDI Awaits SCIF Audit Report
The picture of State Fund’s financial status won’t be known for some time, because the annual report is being held up. Find out why in Workers’ Comp Executive, or, if you’re a premium subscriber, by clicking here. Workers’ Comp Executive
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Protecting Reform or Rejecting Effort?
The Division of Workers’ Compensation has come a long way in developing the data necessary to make the permanent disability rating schedule work, but is it going about change the right way? Publius weighs in on benefit increases and considers the consequences of pitting reform protection against bargaining efforts. Workers’ Comp Executive
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Sit Up Straight While You’re Managing Those Claims
October is National Ergonomics Month. Find out about injuries impacting professionals at high rates, and how to avoid them with tips from the experts. Workers’ Comp Executive
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Spend Money to Save Money
Are unforeseen consequences of the workers’ compensation reforms falling on carriers’ shoulders? Read about a new report from the California Workers’ Compensation Institute that sheds interesting light on the cost of saving money. Premium subscribers can read it right here, right now. Workers’ Comp Executive
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Fraud Takes Many Shapes Inside TPAs, Watchdog Says
A risk manager wants the Department of Insurance to go after fraud by third-party administrators (TPAs) after a spike in fraud since system reforms were implemented. Find out how TPAs may be defrauding clients, now in the current print edition of Workers’ Comp Executive, or if you’re a premium subscriber by clicking here. Workers’ Comp Executive
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Lines Drawn in Buckeye State on Oversight Bill
In Ohio, battle lines are drawn as Gov. Ted Strickland vows to veto a state auditor-backed House bill that would create an independent audit committee to oversee state government agencies. The bill is a response to the Bureau of Workers’ Compensation’s multi-million dollar investment scandals of the past few years. By Jim Provance, Toledo Blade
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Disgruntled Workers on China Government’s Radar
In China, where workers with a growing sense of their rights have begun demanding workers’ compensation for job-related injures, and mass demonstrations occasionally have resulted in violence, the Chinese Ministry of Health calls for stricter enforcement of a law aimed at preventing occupational health problems. By Shan Juan, China Daily
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