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In the last weeks of the 2011 legislative session, HB 1087 picked up a number of amendments that resulted in its becoming the insurance “train” bill for this year. Governor Scott has now signed this bill into law. Most of its provisions become effective July 1, 2011, although some provisions are effective immediately. For a summary […]
Rick Scott, Insurance Regulation News, workers' compensation
Earlier this month, the United States Department of Labor (USDOL) announced the end of an exhaustive investigation into employment practices at UnitedHealthcare’s main office in Hartford, Connecticut. During this investigation, the USDOL interviewed 90 employees and examined compensation records for 21,000 employees. The end result was the payment of over 1 million dollars in back […]
The Genetic Information Nondiscrimination Act (GINA) required the Equal Employment Opportunity Commission (EEOC) to issue regulations implementing Title II of the Act, which it did on November 9, 2010. The EEOC has now created the following website http://www.eeoc.gov/laws/regulations/gina_qanda_smallbus.cfm to provide small businesses with practical information about the most important requirements of Title II of GINA […]
The Florida Office of Insurance Regulation has released its 2010 annual report on the workers’ compensation insurance industry in Florida. The report reviews the availability and affordability of workers’ compensation insurance coverage in Florida to assess the current state of the market. The report finds that the Florida market is competitive, as evidenced by a large number of insurers writing […]
The Office of Insurance Regulation has announced a workshop for November 17, 2010, to discuss proposed changes to administrative rule 69O-189.007 relating to to workers’ compensation excess profits reporting. The notable changes are not to the administrative rule itself, but to the OIR-B1-15 reporting form it incorporates by reference. Revised instructions to the reporting form would […]
Insurance Regulation News, workers' compensation, Office of Insurance Regulation, Kevin McCarty
The Florida Office of Insurance Regulation has issued an Order on Rate Filing to the National Council on Compensation Insurance (NCCI) arising from its recent 8.3% rate request. The OIR did not find the full 8.3% to be justified, but does believe a 7.8% change is appropriate. NCCI selected an indemnity trend factor within the […]
The National Council on Compensation Insurance (NCCI) has filed a proposed 8.3% workers’ compensation rate increase with the Office of Insurance Regulation with an effective date of January 1, 2011. The proposed change change consists of a 3.4% increase due to a change in experience, a 3.9% increase due to a change in trend, and a […]
NCCI, Insurance Regulation News, workers' compensation, Alex Sink
