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Workers Comp News – West Virginia Wants Oversight Committee

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West Virginia Workers Comp News

A great Workers Comp news article from West Virginia started a buzz on the newly converted state.

I ran across an interesting article recently about one of the states that we have had quite a few clients in – West Virginia.

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Some of the legislators there still seem to want to have an oversight committee on Workers Comp, namely the Workers Compensation changeover from Brickstreet as the monopolistic carrier to a full open market on July 1, 2008.

As I was quoted in the Charleston WV Daily Mail, any type of “fine-tuning” to the open market would greatly and most likely negatively impact the introduction of the open market. Governor Manchin would likely veto any such legislation.

There exists already an “oversight committee” of sorts in WV as in most states. That is the Department of Insurance, headed by Commissioner Jane Cline. What a Department of Insurance does is to be the overseer of the insurance programs in their respective state. Commissioner Cline and her department has and will do a fine job in that role.

In my opinion, amplifying the problems that were encountered with Brickstreet as an expectation of how the general Workers Compensation market would function is not going to help solve the problems that existed even before Brickstreet, of which there were many.

Rainbow Row Charleston Workers Comp News West Virginia Place
Wikimedia Commons – Melizabethi123

I have been informed there is another West Virginia Work Comp Insurance Conference coming up in Charleston, WV in April of 2008. That should be an interesting conference.

One can be sure the “oversight” committee  idea will come up at the conference.

If you have any questions about WV Workers Comp or any other Workers Comp matter, please visit our main website at https://cutcompcosts.com/ or email me at [email protected]

Next Up – Why Having a January 1 Renewal Date on Your Workers Comp policy is Costing you extra $$$.

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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