The SC Small Business Chamber of Commerce (SCSBCC) is recognized as the primary organization fighting on behalf of small businesses regarding Workers’ Compensation Insurance in the regulatory and legislative process. In 2004 in an effort to stabilize or reduce Workers’ Compensation Insurance premiums, the SCSBCC held a series of workshops…
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…