Employee Sues Target

• A Target warehouse worker is suing Target for workers’ comp retaliation.
• The plaintiff alleges that he injured his wrist in 2022 and returned to work.
• Upon returning to work, he says he was terminated for doodling on a piece of paper.
• He is suing for violation of the Illinois Workers’ Compensation Act.
  Read More

 

Buffett Reveals Stake in Chubb

• Warren Buffet finally tells the world that he has over a $6 billion dollar stake in Chubb LTD
• Chubb’s stock jumped almost 9.9% after the announcement.
• Both Chubb and Berkshire Hathaway write workers’ compensation.
• Berkshire’s equity stakes in insurance are growing, as it pulls back from other industries.
  Read More

 

Cop Sues for Retaliation

• A police chief is suing a South Carolina town for workers’ compensation retaliation.
• In a city assessment of the police department, it mentioned that he had been suspended for five days.
• The chief alleges that there is a causal relationship between the suspension and the workers’ comp proceedings.
• He says the suspension was out of spite.
  Read More

 

Workers’ Comp Going Strong

• Net written premiums in the private workers’ compensation market rose one percent reaching $43 billion, an increase of $1 million in 2022, according to workers’ comp researchers.
• It’s the tenth second year of profitability.
• It’s also the seventh straight year of a combined ratio below 90.
• But workers’ comp premiums are a smaller portion of P&C, dropping to five percent in 2023.
  Read More

 

How Do You Avoid Employee Misclassification?

• Failure to properly classify employees versus independent contractors can increase business costs.
• This includes workers’ compensation premiums if employers are caught misclassifying.
• The updated DOL rule uses a six-factor analysis to determine if a worker is a contractor or an employee.
• Two of these rules determine the degree of permanence of the work relationship and the nature of degree and control.
  Read More