Articles Tagged with insurance

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action-business-container-1267338-300x200The National Council on Compensation Insurance (NCCI) has proposed a 13.4 percent reduction in workers’ compensation insurance rates for employers in Florida. The proposal will be reviewed on October 17 by the Florida Office of Insurance Regulation (OIR). If approved, this reduction—which would come into effect on January 1, 2019—would be the third such reduction in rates since 2016.

“Constant improvement in loss experience is the primary driver underlying the filing,” explained the NCCI in a statement. The 13.4 percent reduction reflects a downward trend nationwide. According to the report, “the long-term decline in claim frequency has continued to more than offset moderate increases in claim severity.”
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adult-artisan-blueprint-544965-300x200Authorities have arrested 20 building contractors in Pasco County, Florida for suspected workers’ compensation violations as well as not being licensed.

Investigators used a house at 7538 Redcoat Ave in New Port Richey for their sting operation. The house was ideal as it needs extensive remodeling. Investigators advertised asking for bids to complete work on the house. They then checked on the contractors who applied and discovered that the majority of them were unlicensed and were also operating without workers’ compensation insurance. The sting operation ran from September 11-15 and resulting in the 20 arrests.
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close-up-court-courthouse-534204-300x167Craig C. Snee of Jackson Township, Ohio has been found guilty of workers’ compensation fraud. Snee operates Earth ’n Wood Products, a mulching company based several locations in the Akron, Ohio area. Earth ’n Wood also sells stone, topsoil, and landscaping products in addition to collecting yard waste.

Michael Bickis, the Assistant Stark County Prosecutor, said that Snee misclassified employees to reduce his workers’ compensation premiums and also underreported Earth ’n Wood’s payroll to the Bureau of Workers’ Compensation. The Stark County Prosecutor’s Office estimates Snee owes approximately $350,000 to the bureau.
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