Quote of the day
"It's definitely a unique situation we encountered with CRM. This shouldn't be attributed to a lack of regulatory oversight."
Brian Keegan, New York State Workers' Compensation Board spokesman, saying that the spate of failure of self-insured trusts largely was the result of the unforeseen failure of eight trusts administered by CRM
New York May Create $200M Rescue Fund
Empire State officials say they may have to create a $200 million emergency fund to finance workers’ compensation benefits in the aftermath of the failures of 12 self-insured trusts. Officials with the New York State Workers’ Compensation Board say that it would be responsible for the unfunded liabilities of the trusts and would have to pay more than $65 million annually for several years. By Steven Greenhouse, New York Times [may require registration] Go to the Full Story…
Experts: Young Canadians Most Accident-Prone at Work
More than 50,700 workers under the age of 24 lost work time after being injured on the job in 2006, while another 51 died on the job, according to the Association of Workers’ Compensation Boards of Canada. In booming Alberta, for example, young people make up 17 percent of the workforce but almost one-quarter of disabled injury claims in 2006. Canadian Press
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Three Suspected Illegal Workers Pocketed More Than $60K: Officials
In Hamilton, Ohio, the Butler County sheriff teams with the Ohio Bureau of Workers’ Compensation to investigate violations including the use of a forged Social Security card in connection with the arrests of three suspected illegal immigrants who may have received $60,000 in workers compensation benefits. Western Star (Lebanon, Ohio)
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Buckeye State County’s Workers’ Comp Success Praised
Third-party administrator CompManagement uses Meigs County, Ohio, as an example of how managing claims more effectively can save money on premiums and expedite injured workers’ return-to-work. By Brian J. Reed, Daily Sentinel (Pomeroy, Ohio)
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Beehive State WCF Honors Sandy’s Risk Manager
Despite population increases and a doubling of the city work force, Sandy, Utah city workers are half as likely to get hurt on the job as they were 12 years ago. As a result, the Utah Workers’ Compensation Fund honors the city’s highly committed safety manager. By Rebecca Palmer, Deseret News (Salt Lake City)
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Sunshine State Magician Finds Getting Coverage Tricky
Sarasota, Fla., resident Lydia Corn is part of the small payroll, seasonal magic camp for children, but she has a hard time scaring up workers’ compensation insurance in a state where agents prefer larger clients. Sarasota Herald-Tribune
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