Workers' Comp

Property and casualty insurance trade groups are voicing general support for financial services reform legislation as passed by the House, especially because it preserves state regulation of insurance.

Under the Medicare Secondary Payer Act, Medicare is always secondary to workers' compensation and other insurance such as no-fault and liability insurance.

In Hollywood, a movie sequel is seldom as compelling as the original.

The Treasury Department's authority to preempt inconsistent state laws when concluding bilateral insurance trade agreements with foreign countries will be considerably watered down in final financial services reform legislation.

At the NCCI 2010 Annual Issues Symposium, CEO Steve Klingel reported that deteriorating underwriting results put the workers' compensation insurance industry in a precarious position.

State legislatures, regulatory agencies, and rate makers have been busy lately enacting, tweaking, and doing away with various workers' compensation laws, rules and rates.