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Indiana Department of Insurance Commissioner Stephen W. Robertson recently approved an average 7.6 percent reduction for Workers’ Compensation rates, effective Jan. 1, 2019. The approved rate decrease will result in savings of approximately $62.7 million dollars for Indiana businesses. “The significant savings will help support Indiana businesses as they grow their companies,” said Indiana Department of Insurance Commissioner Stephen W.…

Organizations providing workers comp insurance and employee health insurance for more than 200 Illinois local governments have joined the mass of lawsuits against drug makers, distributors and others associated with the spread of so-called opioid painkillers. On Oct. 15, lawyers from the firm of Edelson P.C., of Chicago, filed suit in Cook County Circuit Court, on behalf of Intergovernmental Risk…

Reform measures and fee schedule changes are resulting in an overall trend of lower medical costs per claim in several states, according to several Workers Compensation Research Institute reports released Thursday. In its 19th year of studying medical costs, the Cambridge, Massachusetts-based institute released 16 reports, all including a state-by-state comparison of medical costs across 18 states. The reports show…

A report on Illinois’ legal landscape says the state's lawsuit-friendly policies cost billions of dollars and more than 80,000 jobs every year. Critics say that’s an overstatement. A study conducted by the Illinois Civil Justice League into the cost of tort, or claims of loss or harm, lawsuits and their effect on Illinois’ economy estimates the costs from higher liability…