This Week in Comp, May 29, 2015

Texas Mutual board approves $225 million policyholder dividend distribution

This is the 17th consecutive year the board has voted to distribute policyholder dividends, bringing the total to $1.8 billion. The company has paid the majority of that total – over $1 billion – since 2010.

This is the 17th consecutive year the board has voted to distribute policyholder dividends, bringing the total to $1.8 billion. The company has paid the majority of that total – over $1 billion – since 2010.

Texas Mutual will begin distributing the company-record $225 million dividend among qualifying policyholder-owners in late July…MORE

Deaths in oil, gas extraction up more than a quarter over past decade
Traffic accidents accounted for more than 479, or 40 percent, of the industry’s fatalities between 2003 and 2013, according to a CDC report. Despite the increase in fatalities, the number of deaths per thousand workers decreased by 36.3 percent…MORE

Missed NCCI’s annual issues symposium?
Here are six articles that will help  you catch up on topics such as the industry outlook, medical cost drivers and the on-demand economy…MORE

DSHS offers health-related precautions following recent storms
Mosquitos, contaminated water and power outages are just a few of the hazards associated with heavy storms. The Texas State Health Services Department offers safety tips following last week’s floods…MORE

Prevent new hire injuries with these tips
Safety tools
Between 30 and 40 percent of workplace injuries happen during the first year on the job. Follow these tips to keep new employees safe…MORE

U.S. traffic fatalities spike ahead of summer: National Safety Council study
American roadways have experienced an 8 percent increase in monthly motor-vehicle deaths over the latest six-month period compared to the same time last year, according to a new study from the National Safety Council. Falling gas prices, combined with typical increases in speeding and alcohol-related crashes during the summer, could make roads more perilous than usual. In fact, the NSC has dubbed the period between Memorial Day and Labor Day “100 deadly days”…MORE

Regulatory roundup
Texas Mutual’s weekly roundup of environmental health and safety news…MORE

Don’t forget the other part of OSHA’s mission
Congress created OSHA in 1970 with a clear mission: protect every employee’s right to a safe workplace. Enforcing standards is an essential tool for achieving that mission. But so is partnering with stakeholders to promote safe workplaces…MORE

New NCCI study examines relationship between accident report lag and claim cost
The median cost for claims reported in Weeks 1 and 2 is lower than the median cost for claims reported on the day of the accident or more than two weeks after the accident, according to a National Council on Compensation Insurance study. The study authors note that claims reported on the day of the incident typically involve serious injuries that require extensive treatment…MORE

NHTSA urges motorists to wear seat belts for safety
In 2013, 9,580 Americans who died in crashes were not wearing a seat belt, which accounts for an estimated one-half of all fatalities when the victims’ seat belt status was known. More than 10,000 law enforcement agencies nationwide will participate in the National Highway Traffic Safety Administration’s “Click It or Ticket” campaign, which runs from May 18 through May 31…MORE

Texas Mutual pays $630,460 dividend to Social Services Agencies of Texas
The workers’ compensation dividend was based largely on group members’ collective efforts to prevent workplace accidents…MORE

Stop work authority: the most powerful safety tool you can give your employees
Under federal law, your employees have the right to refuse to do any task they feel is dangerous. But your safety program should go beyond compliance, empowering employees to stop any operation they feel is unsafe, regardless of who is doing the work…MORE


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