Monthly Archives: October 2014

NCCI Recommends 2.4% Overall Loss Cost Decrease for Louisiana

UPDATED: This morning (October 31st) NCCI released its circular announcing that it has submitted a voluntary advisory loss costs, rating values and voluntary retrospective rating plan parameters filing to the Louisiana Department of Insurance. This filing proposes an overall average loss cost level decrease of 2.4% for the voluntary market to become effective on May 1st, 2015.

In pharmacy news:

FDA regulators are currently meeting to delve into specifics about the evaluation and regulation of abuse-deterrent opioids.

In tech news:

Mitchell International’s Workers’ Compensation Solutions division has released a new version of its bill review and repricing solution, SmartAdvisor 7.0.

In bonus news:

A new editorial from “Working in These Times” compares the status of Uber drivers and other “independent contractors” of the “sharing economy” to 19th century workers who lacked basic compensation or standards of safety in the workplace.

Legal Marijuana and Comp: Let’s Talk Testing

As the 2015 legislative session begins to take shape, Louisiana Comp Blog explored key issues that the legalization of medical marijuana could create for workers’ comp, especially in the area of impairment testing and accident frequency. Prolific work comp attorney Greg Hubachek and loss control expert Justin Uebinger share their thoughts about the potential rise of the herb in Louisiana.

In local news:

AMERISAFE reported a net income of $13.5 million for the third quarter, up 39% from the same time last year.

In national news:

The Ohio BWC instituted a “first fill” rule allowing workers to get necessary prescriptions while they wait for formal claim approval.

In corporate news:

Joseph Petrelli discussed Demotech’s Stakeholder Team Accomplishment Recognition™ awards at the 2014 NRRA annual meeting earlier this month.

In legal news:

The Louisiana Supreme Court has ruled that a claimant’s decision not to answer his employer’s appeal of an award of temporary total disability benefits did not bar said claimant from later pursuing supplemental earnings benefits after the appeals court reversed his entitlement to TTD.