Legislative changes allowing workers compensation coverage due to COVID-19 will result in an increase in loss estimates and a potential earnings hit for the insurance companies, according an analysis released Thursday by A.M. Best. A number of U.S. states have begun the process of enacting legislation or have issued executive orders on workers compensation coverage for essential employees, an expansion…
After House and Senate Democrats sent SB 1596 to Gov. J.B. Pritzker’s desk, the Illinois Chamber of Commerce is petitioning the governor to veto the Workers’ Compensation reform bill. The chamber’s recent letter to Pritzker outlines a handful of potential adverse effects on small businesses and invokes Pritzker’s campaign promise to involve employers in any reform process. “We urge you…
The average total cost per workers’ compensation claim in Indiana was stable in the years since the state enacted workers’ compensation system reforms, according to a recent Workers Compensation Research Institute (WCRI) study. The study, CompScope Benchmarks for Indiana, 18th Edition, provides a look at changes in the Indiana workers’ compensation system following the enactment in 2013 of House Enrolled…
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