NCCI’s Residual Market Management summary
- NCCI released its 2022 Residual Market Management Summary, which found that the residual market continues to be stable and self-sufficient, providing a significant contribution to fostering a healthy workers’ comp system.
- The residual market premium remained at a manageable level in both premium volume and market share, with reasonable combined ratios in recent years ranging from 92% to 105% and averaging 99% for the 10 policy years of 2013-2022.
- The combined ultimate written premium for Policy Year 2022 for all reinsurance pools serviced by NCCI is projected to be $775 million, representing a slight decrease from the ultimate projection of $777 million for PY 2021, representing the seventh decrease in eight years.
- The net operating results for PY 2022 are projected to produce an ultimate loss of $40 million, representing a combined ratio of 105%.
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‘Subscriber,’ ‘Nonsubscriber’ laws in Texas
- If workers are injured on the job in Texas, they need to do their research and determine if the employer is a Texas Workers’ Compensation “Subscriber” or a “Nonsubscriber”.
- If a person works for a “Big Box” company store or warehouse distribution center, there’s a good chance that the employer is a Texas Non-Subscriber.
- The Texas Worker’s Compensation case is an informal claim wherein you can fight for benefits but you are limited exclusively to what you can get under the worker’s compensation laws.
- The Texas Non-Subscriber Compensation case is different because it’s founded on saving money and expenses for the employer and insurance company that they are normally not able to save under the worker’s comp program.
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Dallas-area Family Dollar store fined $294K, cited in over 500 inspections since 2017
- OSHA found a Family Dollar store in southeast Van Zandt County that allowed merchandise to block storeroom exits and walkways, stacking boxes at unsafe heights and failing to ensure quick access to fire extinguishers.
- The department’s Occupational Safety and Health Administration issued citations to Family Dollar Stores of Texas LLC, a subsidiary of Dollar Tree Inc., for three repeat violations and proposed $294,657 in penalties.
- The findings in this inspection are similar to those OSHA cited at a Dollar Tree store in Mount Pleasant in September 2022 that led to $254,478 in proposed penalties.
- Since 2017, OSHA has issued citations to Dollar Tree Inc. for violations in more than 500 inspections at Dollar Tree and Family Dollar stores in the U.S. In all, OSHA has identified more than 300 violations at stores operated by one of the nation’s largest discount retailers.
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Former Boeing employee can pursue claim
- A former Boeing Co. engineer who was denied accommodations upon returning to work from leave can pursue a claim against the company.
- The employee suffered an infection he contracted on his honeymoon that made him a paraplegic.
- The US District Court for the Western District of Washington rejected the company’s contention that Haythamani Mohamed Hassan’s failure-to-accommodation claim under Washington’s Law Against Discrimination was barred by his prior workers’ compensation claim.
- A state agency denied Hassan workers’ compensation benefits and Boeing and Hassan reached a settlement, with Hassan dismissing his appeal of the agency’s ruling.
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