This Week in Comp, July 2

Turn up the heat on driver safety during the summer

Drunk driving claimed 200 lives on July 4, 2013. Click on the image for safety tips to keep in mind this holiday weekend.

Drunk driving claimed 199 lives on July 4, 2013. Click on the image for safety tips to keep in mind this holiday weekend.

The most dangerous days to be on the road are the 100 days between Memorial Day and Labor Day. Drivers can protect themselves by being more aware of motorcycles, construction zones, children and drunk drivers…MORE

Insurance industry adds 6,000 jobs in May

The industry grew by 0.24 percent in May, and now sits at 2,539,800 employed insurance workers with an unemployment rate of 1.5 percent, compared with 5.5 percent across industries…MORE

Key factors in weathering disasters

Companies are increasingly turning to enterprise risk management, which is more comprehensive than traditional risk management, to weather disasters, according to a report by Sedgwick. Business continuity planning and disaster recovery are core elements businesses should consider…MORE

California workers’ comp losses and expenses for 2014 rise, ratios fall
Losses and expenses in the California workers’ comp system rose by a combined $1 billion in 2014. The combined loss and expense ratio for calendar year 2014 was 104 percent, down from calendar year 2013’s 108 percent ratio…MORE

CNA releases reports on opioid abuse in construction, manufacturing industries

Pills White BackgroundThe reports estimate that 15.1 and 6.5 percent of construction and manufacturing workers, respectively, have engaged in illicit drug use…MORE

How terrorism reinsurance law uncertainty affected market
A brief lapse in the Terrorism Reinsurance Act during 2015, coupled with uncertainty around whether Congress would renew the act, spurred some insurers to change their behavior, according to a Marsh report. For example, Marsh said that terrorism insurance take-up rates have been relatively stable since 2009. However, they dipped a bit in 2014 due to anxiety about whether Congress would renew the act. The new law will likely nudge the take-up rates of embedded TRIPRA coverage to revert to normal levels, the report said…MORE

Shakeup in top 10 workers’ comp writers: 2014 vs. 2009
Traditional market leaders Liberty Mutual and AIG have significantly reduced workers’ comp premiums over time to combat weaker underwriting performance and reduce longer-tail risk exposures. They have been replaced by the likes of Travelers and The Hartford at the top of the list…MORE

Regulatory roundup
Texas Mutual’s weekly digest of EHS-related news…MORE

Survey finds doctors misunderstand opioid abuse, continue overprescribing
Nearly half of doctors who participated in the survey incorrectly thought abuse-deterrent drugs were less addictive than their standard counterparts. Prescription drug overdose death rates in the United States have more than tripled since 1990 and have never been higher…MORE

Fitness shoes

For more information on the symbiotic relationship between worker health and safety, click on the image to visit our Work Safe, Texas website.

Reuniting health and safety
Companies that treat employee health and employee safety as separate programs do so at the expense of the bottom line. By integrating the two functions, companies can cut costs and increase profits…MORE

Eat your way to a more energetic you
A balanced diet of energy-producing foods can help workers ward off fatigue and its potentially fatal consequences…MORE

Google offering railroad crossing alerts for drivers
Google will add audio and visual alerts to warn drivers about upcoming railroad crossings on its navigation system…MORE

New Mexico court rules farm, ranch laborers eligible for workers’ comp
Since 1930, employees whose duties focus primarily on growing and harvesting crops, meat or dairy products have been ineligible for workers’ comp benefits in New Mexico. The court’s decision stems from two separate cases in which individual workers injured on the job had their claims dismissed…MORE

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