Compensation

Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds

Health Insurance /
Texas Workers’ Compensation System Reports $12M Loss in 2024, Report Finds

The Texas workers’ compensation system saw a modest $12 million loss in 2024 as insurers reported an increase in direct losses paid and overall, according to a report compiled by the Insurance Council Texas (ICT). The 2025 Texas Workers’ Compensation Market Report found that employer participation in the workers’ comp reached its highest since 2016, […]

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Connecticut Approves Workers’ Compensation Cost Decrease for 2026

Life Insurance /
Missouri’s Mutual Insurance Companies Report Stronger Results in 2024

Connecticut’s insurance regulator has approved an industry filing that will lower workers’ compensation rates beginning January 1, 2026. The new voluntary market rates will reflect an average 3.8% decrease in loss costs. The rate for assigned risk will fall an average 0.4%. Insurance Commissioner Andrew N. Mais approved the rate filing by the industry’s National

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Five Correctional Department Employees Charged With Workers’ Compensation Fraud

Health Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

Five current and former New York State Department of Corrections and Community Supervision (DOCCS) employees were arrested this week for separate schemes to defraud DOCCS and the state’s workers’ compensation system, resulting in a loss of more than $15,000 to the state. The defendants, while working as correction officers at Ulster or Wallkill Correctional Facilities,

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Neptune Insurance Files for IPO. Executive Compensation Not Remarkable This Time

Health Insurance /
Neptune Insurance Files for IPO. Executive Compensation Not Remarkable This Time

St. Petersburg, Florida-based Neptune Insurance Holdings filed for a U.S. initial public offering on Wednesday, becoming the latest company to tap into renewed investor demand as easing tariff concerns and strong markets spur more firms to test the waters. With stock markets hovering near record highs, investors have been favoring high-growth sectors and companies that

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AM Best Upgrades Stonetrust Workers’ Compensation to “A” Rating

Auto Insurance /
Hundreds May Have Been Exposed to Rabies in Grand Teton National Park Cabins

AM Best upgraded Baton Rouge based regional workers’ compensation insurer, Stonetrust Commercial Insurance Company’s Financial Strength and Credit Ratings from A – (Excellent) to A (Excellent). Stonetrust offers workers’ compensation coverage and services to more than 5,000 policyholders in Louisiana and eleven other states in the midwest and southeastern regions of the United States. AM

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New Jersey Compensation Bureau Back Online After Cyber Incident

Home Insurance /
New Jersey Compensation Bureau Back Online After Cyber Incident

The New Jersey Compensation Rating & Inspection Bureau is mostly back online following a cybersecurity event that caused it to shut down its network more than two weeks ago. The workers’ compensation agency said it “experienced suspicious activity” on August 5 and took its systems offline as a precaution. It notified law enforcement and hired

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