Oilfield Insurance - Industry News

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Motor Vehicle Crashes Accounted for the Most Costly Claims During 2017

  

More than 50 percent of the serious claims in oil and gas field services resulted from a motor vehicle incident. In most cases, the driver lost control of the vehicle. Mornings proved to be the riskiest time; the highest number of claims in this industry occurred between 7-8 a.m. The two most prominent factors that emerged were:

Losing control. Drivers should obey the speed limit and slow down according to traffic, road and visibility conditions. If you are a passenger, don't be afraid to be a "back-seat driver." Speak up if the driver is on a cell phone, speeding, tailgating or performing a behavior that makes you feel unsafe in any way.

Driver fatigue. It's important to make sure that you get enough rest, eat a well-balanced meal and show up to work alert and focused. Find a good routine that allows you to ward off signs of fatigue.    


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Current Workers' Compensation News:

 

Texas Mutual Dividends - Ownership Pays!

 

 Texas Mutual will distribute $330 million in dividends to qualifying policyholder owners in 2019. For 21 consecutive years, Texas Mutual has paid dividends to their policyholders, who are owners of the company, in recognition for their safety and loyalty.
  

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Industry Safety News & Events:

 - OSHA delays crane operator certification requirements until 2018

-  "Tragic Trend" On-the-job deaths in Texas are at highest level since 2008, BLS reports.