New Yorkers who suffer a permanent partial disability can be paid workers’ compensation benefits in a single, lump sum if they so choose, under a new law signed by Gov. David Paterson. The law changes the payment structure from incremental payments. Under the law change, a worker can request the lump sum payment method if [...]
Archive for the ‘Commercial Insurance’ Category
New York Allows Lump Sum Workers’ Comp Payments
Posted in Legislation, Workers Compensation, tagged Compensation, New York on September 1, 2009 | Leave a Comment »
Chinese Drywall: Builders and Subs Face Huge Uninsured Losses
Posted in Commercial Insurance, General Inurance Issues, Loss Control, tagged Contractor, Drywall on July 27, 2009 | Leave a Comment »
By John Sadler July 27, 2009 General liability carriers specializing in contractor insurance for builders and drywall subs are “sweating it out” over the potentially massive claims dollars that could be paid out in litigation, settlement, and adverse jury verdicts arising from Chinese drywall. However, due to the impact of little known policy exclusions, and [...]
Boomers, Gen Xers, Millennials at Greater Risk of Hearing Loss
Posted in General Inurance Issues, Loss Control, Workers Compensation on July 7, 2009 | Leave a Comment »
Rock concerts, iPods and cell phones may be contributing to a future generation of individuals suffering from hearing loss, says one safety professional. “We could very well see hearing loss problems continue to increase into future generations,” said Louise Vallee, vice president, Chubb & Son, and executive research and development specialist for Chubb’s loss control [...]
Worker’s Compensation Industry Worried About Obesity Claims
Posted in Commercial Insurance, General Inurance Issues, Loss Control, Workers Compensation on June 10, 2009 | Leave a Comment »
The percentage of the population considered obese increased from 12 percent in 1990 to more than 26 percent in 2007. By the year 2020, 40 percent of men and 43 percent of women are predicted to be obese, with more than 70 percent of both men and women predicted to be overweight. And the numbers [...]
Businessowners Policies should not be a “No-Brainer”
Posted in Commercial Insurance, General Inurance Issues, tagged BOP, coverage, gaps on April 10, 2009 | Leave a Comment »
Chis does a good job of looking at this commonly used policy. Five Gaps In The BOP! By Chris Boggs April 10, 2009 Businessowners Policies, traditionally referred to simply as “BOPs,” were introduced in 1976 and significantly revised in 1987. The BOP evolved gradually from the 1987 revisions to include risk classification and sizes not [...]
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