Articles Tagged with Workers’ Compensation

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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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architecture-buildings-city-432361-300x200James Miller, former Chief Financial Officer of Barrett Business Services Inc. (BBSI) was indicted last week for falsely reporting workers’ compensation expenses and then profiting from these misrepresentations. BBSI provides personnel services including payroll and human resources, to companies across the country.

Miller, who served as CFO of the Vancouver, Washington-based company from 2008-2016, is alleged to have underreported BBSI’s workers’ compensation expenses to the tune of $12 million in 2013. He reported these expenses as fees and payroll taxes. Because of this, BBSI’s monetary situation appeared stronger and more attractive to investors than it actually was.
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architecture-blue-build-162557-300x194Affinity Human Resources and Parkside Construction of Queens, New York, have been charged with workers’ compensation insurance fraud as well as underpaying workers. A number of employees of both companies, including several executives, have been charged. All have pleaded not guilty.

Parkside Construction has worked on several projects during Manhattan’s current building boom, including Steinway Tower in Midtown and the Marriott Hotel on Pearl Street in the Financial District. The New York County District Attorney’s office alleges that Parkside Construction worked together with Affinity to underreport $42 million in payroll between 2014 and 2017.
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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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