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Workers' comp, among a few other types of insurance, is regulated at the state level. Each state has its own set ofworkers' comp lawsthat regulate and govern it, with certain regulations depending on the type and size of the business. If you're a sole proprietor or partnership, some sta...
SFM Risk Solutions offers workers' comp third-party administration (TPA) services for self-insured employers in Minnesota, Wisconsin and Iowa.
The United States federal government administers its own workers compensation program for federal employees. The program is known as FECA, or the Federal Employees' Compensation Act. While the federal workers' comp system is similar to our state systems, it is self-insured by the U.S. governmen...
The article examines the problems faced by self-insured workers compensation in New York. The fraud case against executives of Compensation Risk Managers L.L.C. (CRM) is mentioned, which affected numerous small bu...
By law, most Oregon employers are required to have a workers' comp insurance policy or be self-insured. So, if your business employs workers in Oregon, you most likely need workers' compensation coverage. How it works Employers pay premiums to workers' compensation insurance companies like SAIF...
Two years ago, New York Governor Patterson convened a task force to examine the status of self-insured trusts for workers comp. He was forced to take action when a number of trusts failed, most notably those administered by Compensation Risk Managers (CRM). The insolvent trusts left behind ...
Fewer Claims But Higher Losses for California Workers’ Comp Private Self-Insureds Oakland, CA – Private self-insured claim volume in the California workers' compensation system fell 9.5% in 2023, producing the biggest year-to-year decline in private self-insured claim frequency in more ...
In New York State, we trust: some self-insured workers' comp trusts, hobbled by mismanagement and a tougher investment environment, have taken a beating. Kentucky and Illinois come to mind. But New York State, where the funds are heavily regulated, stands out as a success story.(SELF-...
Once you’ve been notified of an employee injury, you’ll need to provide your injured worker with information on their rights and workers’ comp benefits, as well as their return to work. In most states, you’ll give your employee a workers’ comp claim form to fill out and return to...