Claims and Costs News

Arizona Workers Have No Blanket Right to Travel Expenses in Injury Cases

A court ruling says Arizona workers being treated for on-the-job injuries aren’t entitled to travel expenses if they haven’t shown they cannot get necessary care locally. The Arizona Court of Appeals ruled Tuesday in the workers’ compensation case of a …

Michigan Court Rules in Favor of Insurer, $130K Judgment in Marijuana House Fire

An insurance company can recover more than $130,000 from a Michigan woman whose home burned down when her then-husband smoked marijuana oil in the basement, an appeals court said Tuesday. Brien Matthews had a medical marijuana card and could grow …

Global Cat Report Finds 2014 Insured Losses Lowest in 5 Years

In 2014, significant insured losses totaled approximately $33 billion, a dramatic drop compared to the historic insured losses seen in 2011, which totaled approximately $126 billion. Guy Carpenter & Company, a global risk and reinsurance specialist and a wholly owned …

Workers’ Comp Rule Changes Could Save $27M Annually in North Carolina

New rules setting maximum fees for doctors and hospitals performing medical services for workers injured on the job in North Carolina could save millions of dollars annually. The state Industrial Commission also said Monday the fee schedules set to begin …

Study Provides Reasons for Increasing Hospital Costs in Workers’ Comp

A new study from Mass.-based Workers Compensation Research Institute (WCRI), updates a recently published 33-state study with an extra year of data and the early impact analysis of major regulatory changes in North Carolina. The study, Hospital Outpatient Cost Index …

New Hampshire Lawmakers Tackle High Workers’ Comp Costs

If a worker in New Hampshire gets hurt on the job, an anesthetic injection can cost $763 under a workers’ compensation claim, compared to $298 for non-work related injuries. Surgical treatment for tendinitis in the shoulder costs about $2,200 if …

BP Gross Negligence Ruling a Warning to Big Oil and Partners

A U.S. judge’s watershed ruling means the final cost to BP Plc for the 2010 Gulf oil spill may eclipse $50 billion, wiping out years of profits and highlighting the risks of drilling as the industry pushes into more dangerous …

Missouri Regulators Assisting Ferguson Businesses with Property Claims

Representatives from the Missouri Department of Insurance headed to Ferguson on Aug. 27 to assist businesses that experienced damage during recent protests with filing insurance claims and to answer questions about the claims process. The department said it is encouraging …

Insurer Catastrophe Claim Payouts Nearly $25B This Year

There are still three months left in 2011, and hurricane season is not over until November 30, yet this year will go down as record-setting when it comes to federal disaster declarations, according to the Insurance Information Institute (I.I.I.). “The …

Insurers Could Pay $2B for Joplin, Mo. Tornado

Insurance companies already have paid out more than $500 million in claims for the May 22 tornado that struck Joplin, Missouri. But the final total could grow to three or four times that amount. The state insurance department said on …