Reforms to California’s worker’s compensation system enacted since 2002 “have had a substantial impact on system costs,” according to a new report by the state Workers’ Compensation Insurance Rating Bureau. Meanwhile, Gov. Arnold Schwarzenegger has refused to raise benefits for …
The Association of California Insurance Companies is urging Gov. Arnold Schwarzenegger to sign into law legislation that it said could encourage expansion of the workers’ compensation insurance market in California. ACIC President Sam Sorich said the bill, SB 316 by …
Declining rates act as blinders for many employers. With lower prices it’s easy to shift focus away from injury management and cost containment to other more pressing business matters. Throughout much of the country, declining workers’ compensation rates are music …
A Delaware oil refinery worker injured in a practical joke by his co-workers may be allowed to sue them, the state Supreme Court has ruled. Stephen Grabowski was injured in October 2000 when three co-workers grabbed him in a bathroom …
One of the most confusing components of an employer’s workers’ compensation policy is the experience modification factor. Employers watch it increase and decrease from year to year without much understanding of how it works and what they can do to …
The Assembly has had its own reasons for moving slowly, especially on insurance bills — its insurance committee lacked leadership. Despite the state having a new governor, The New York Legislature continues with its old ways favoring political paralysis over …
The new legislation includes a shift to a more proactive approach to workers’ compensation claims management to reduce over-utilization of medical services provided to injured workers. In 2005 the Texas Legislature passed a sweeping reform of the workers’ compensation system. …
Price, all too often, is the single factor in an agent’s choice of workers’ compensation insurance coverage for his or her clients. An effective way to differentiate your agency from your competitors is to shop carriers based on value. Actual …
The workers’ compensation calendar year combined ratio stands at 96.5 percent — the best underwriting result in at least 30 years and the first underwriting profit for the line since 1995, according to the industry’s NCCI Holdings Inc. in its …
Searching for a quality workers’ compensation market? Look no further than Insurance Journal’s 2007 Workers’ Comp Directory, a comprehensive listing of intermediaries and carriers offering workers’ compensation coverage throughout the country. The information listed in this directory serves as a …
