workers’ compenastion insurance

Opposing workers’ comp and SCE&G rate hikes

The workers’ compensation insurance industry and SCE&G both have hearings in the coming months regarding their requests for more revenue.  The South Carolina Small Business Chamber of Commerce (SCSBCC) and its president and CEO, Frank Knapp Jr., will intervene to oppose both rate hikes. The SCSBCC is joining the S.C.…

Crocodile tears of insurance industry

The crocodile tears were flowing at yesterday’s South Carolina Senate Banking and Insurance Subcommittee that was hearing two bills supported by the South Carolina Small Business Chamber of Commerce (SCSBCC).  One bill, S.31, would simply require all proposed workers’ compensation loss cost rate adjustments (increases and decreases) to be subject…

Vote sets the stage for higher workers’ compensation premiums

In a surprising move this week, the South Carolina Workers’ Compensation Commission voted 4 to 2 to support a regulatory change that is opposed by both business and the insurance industry.   On August 15th, I and a slew of folks appeared at the Commission’s public hearing on this matter.  My…

Goliath goes down

Back in November the South Carolina Small Business Chamber of Commerce sent an Action Alert to our members urging them contact the S.C. Workers’ Compensation Commission to express their opposition to an insurance industry proposal unfair to small businesses. The industry wanted to shorten the time companies had to wait…

When is a contradiction not a contradiction?

Earlier this week I testified at the S.C. Workers’ Compensation Commission public hearing. The issue was whether the Commission should change its regulations to allow an insurance company to cancel a workers’ compensation policy after only 10 days notice of non-payment of premium or leave it at the present 30…