The process of buying a residential property is not complete until closing day. Closing day is when both parties sign all of the paperwork required to complete the transaction. When all the paperwork is signed, the keys are handed over and the buyer takes ownership. However, residential closing forms in West Virginia real estate transactions take numerous forms and are complex, requiring detailed legal experience and understanding.

In 2021, the West Virginia (WV) Legislature passed Senate Bill 275, creating an Intermediate Court of Appeals in WV. The legislation also initiated changes to the WV workers’ compensation litigation procedure that became effective on July 1, 2022. With the Office of Judges eliminated and the WV Workers’ Compensation Board of Review taking on the responsibility for initial claim objections, there are some details of which insurers, third-party administrators (TPAs), and employers need to be aware as they issue decisions on workers’ compensation claims.

In July of 2022, the National Council on Compensation Insurance (NCCI) and West Virginia (WV) Governor Jim Justice announced that workers’ compensation rates for employers in the Mountain State would decrease for the 18th year in a row on November 1, 2022. These WV workers’ compensation rate changes reflect the work and advocacy of many committed individuals and groups in WV that have taken some of the steps necessary to rein in costs and create a more manageable system for covering employee injuries while addressing abuse and other issues that bogged the system down for many years.

With inflation reaching levels not seen in decades, the entire country feels a financial squeeze. In an effort to stabilize the economy, the federal government created the Inflation Reduction Act (IRA) of 2022. The act has important implications that West Virginia (WV) businesses should review. More specifically, staying informed about and understanding legislation affecting coal operators, as this act does, is essential to stakeholders in WV’s energy industry.

As a coal operator, you understand the risks and challenges posed by black lung claims filed by current and former workers. Managing and estimating black lung liabilities can be arduous, and it is important to know what options companies have to protect themselves and cover the cost of claims. Understanding how to self-insure against black lung claims is critical in deciding whether to purchase black lung insurance from a provider or self-insure.