Monthly Archives: January 2016

In local news:

Senate President John Alario announced the appointments for all Senate committees, including Labor and Industrial Relations and Insurance.

In safety news:

OSHA Training Institute Education Centers announced its mid-South training schedule, including several dates in the Baton Rouge area.

In medical news:

A Government Accountability Office investigation has revealed that the FDA fails to adequately track and monitor drugs that gain approval through two different expedited processes through which a quarter of all drugs in the country get to market.

In national news:

ACE and Chubb announced that they received all necessary regulatory approvals and closed their $29.7 billion merger agreement yesterday, six months after the companies first announced their surprise deal.

In neighboring news:

Texas Workers’ Compensation Commissioner Ryan Brannan is lowering the maintenance tax rate paid on premiums collected by workers’ compensation insurance carriers for the third straight year.

It’s Official: LCTA Completes Transition from Fund to Standard Carrier

LCTA Workers’ Comp recently announced its successful conversion from a self-insurers’ fund (SIF) to a casualty insurance company. LCTA executive vice president Troy Prevot explained that although the process has been involved, the company has assumed all of the previous SIF policies and is ready to take on the new challenges and opportunities. Read on for further details about the change and the reasons behind it.

In research news:

NCCI released a new report which attempts to determine “baseline” time to treatment before and after the major aspects of the Affordable Care Act took effect in 2014.

In national news:

An industry survey by the Insurance Information Institute indicates that 68 percent of executives see no improvement in the workers’ compensation line for 2016.

In safety news:

Liberty Mutual released its 2016 Workplace Safety Index, which ranks the top ten causes of disabling work-related injuries and their direct costs.