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Insurer Sues West Virginia Gov.'s Company for Failure to Pay Deductibles


Insurer Sues West Virginia Gov.’s Company for Failure to Pay Deductibles
May 10, 2021
An insurance company alleges in a federal lawsuit that a company run by West Virginia Gov. Jim Justice and his adult children owes $166,000 for workers’ compensation and employers’ liability coverage claims.
Starr Indemnity & Liability Company said in the suit filed Tuesday that Justice Family Group LLC failed and refused to pay deductibles for policies that covered its liabilities between June 2018 and June 2020, the Charleston Gazette-Mail reports.
The lawsuit says the compensation and liability policies have per accident deductibles of $1 million when an injury happens unintentionally and per employee deductibles of $1 million when an injury occurs due to disease, according to the newspaper. ....

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Workers' Comp Insurance Rates Continue to Drop in Louisiana


Workers’ Comp Insurance Rates Continue to Drop in Louisiana
March 11, 2021
Workers’ compensation insurance rates will continue to decrease in Louisiana with a new rate reduction beginning in May, the insurance department reported.
Louisiana Insurance Commissioner Jim Donelon has approved a loss cost filing by the National Council on Compensation Insurance (NCCI) that reduces workers’ compensation rates by 4.1%, effective May 1, 2021.
With the current decrease, rates will have declined in seven of the last eight years, according to the Louisiana Department of Insurance. Over the last five years, rates have cumulatively dropped by 25%.
Last year, NCCI’s approved annual filing reduced rates by 8.4%, effective May 1, 2020. ....

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