The Woodward News

Local News

July 21, 2013

Insurance seminar set in Woodward

Woodward, Okla. — Woodward business owners required to provide Workers Compensation benefits to employees might have an opportunity to reduce their premiums and their workers might be able to avoid burdensome processes because of a new law slated to take effect February 1, 2014, according to the Oklahoma Insurance Department.

According to the terms of the Administrative Compensation Act - SB 1062 -which was signed by Gov. Mary Fallin in May, employers can now choose from several options to provide injury coverage to their employees.

Officials from the Oklahoma Insurance Department are offering a seminar for Woodward business owners to explain how they can take advantage of and know how to file for the new workers compensation system when it becomes law.

The seminar will take place at the High Plains Technology Center, August 9 at 11:30 a.m.

Under the new system, business owners can choose from two basic options which include becoming a part of the new administrative process, replacing the old court based system; opt out of the administrative system and purchase their own injury coverage for employees or register with the state as a business that will self insure their own workers, said OID Assistant General Council Dan Byrd.

The new workers compensation system is a pioneering effort on the part of Oklahoma legislators who hope to reduce the burdensome red tape of a system that has been inefficient and costly, Byrd said.

The new system will remove claims made after February 1, 2014 from the current court system and replace that system with an administrative process that is less encumbered by an inundated court system, he said.

That means faster treatment for injured employees, less legal fees and court expenses for employers and a more efficient return of the employee to work, Byrd said.

According to Oklahoma Insurance Commissioner John Doak, the new program is being watched with great interest by other states, which would like to reduce the excessive burden of higher and higher premiums for Workers Compensation.

"This may even become a model for other states," Byrd said.

Text Only
Local News
  • Boy, 7, drowns in weekend accident

    A seven-year-old boy died over the weekend when he fell into a swimming pool at a private residence in the Wheatridge addition, according to Woodward police reports.

    July 29, 2014

  • Commission OKs grader financing

    Monday morning in their weekly meeting, Woodward County Commissioners approved the financing on a new John Deere motor grader and discussed in detail the upcoming County Officers and Deputies Association meeting the county will host this October.

    July 29, 2014

  • Deal reached to improve veterans' health care

    WASHINGTON (AP) — A bipartisan deal announced Monday would authorize about $17 billion to help veterans avoid long waits for health care, hire more doctors and nurses to treat veterans and make it easier to fire executives at the Department of Veterans Affairs.

    July 29, 2014

  • Western Plains sets school supplies drive

     As the beginning of the school year approaches, so does the need for new school supplies.

    July 29, 2014

  • Area woman recovering from West Nile

    It wasn’t too many years ago when West Nile Virus was a scary word everyone hoped never happened to them and most of the time, that was true.

    July 27, 2014

  • Dedication set for art pieces

    Woodward’s collection of public art pieces will grow by two this week.

    July 27, 2014

  • ‘Support YOUR Cause Tour’ making stop in Woodward

    A musician is looking to raise $5,000 at an upcoming local concert.
    But Scott Helmer isn't raising the money for himself.  He is hoping to collect money to help support the Woodward Arts Theatre.

    July 26, 2014

  • Experts offer important tips on grilling

    When Roy Lenz prepares his grill for one of his famous steak nights at the Brandin’ Iron in Laverne, he does so with meticulous care and cleanliness, almost to the point of being compulsive.

    July 26, 2014

  • Light agenda set for county

    County commissioners will see a light agenda for their final meeting in July on Monday.

    July 26, 2014

  • State board votes again to delay education plan

    OKLAHOMA CITY (AP) — Oklahoma's State Board of Education voted on Wednesday for a second time to delay a formal plan for adopting new education standards in math and English amid opposition to the proposal from three education groups that represent public school boards and administrators across Oklahoma.

    July 24, 2014