The New Mexico Office of Superintendent of Insurance approved a rate proposal submitted by the National Council on Compensation Insurance that will reduce voluntary workers’ compensation loss costs by an average of 10.7%, to become effective for policies renewing on …
It takes seven years to close the vast majority of workers’ compensation claims in California, more than double the time in the median state. The Workers’ Compensation Insurance Rating Bureau of California released a report detailing duration drivers for California …
The Workers’ Compensation Insurance Rating Bureau of California released its 2022 WCIRB Geo Study, which underscores regional differences in claim characteristics across California. Key findings include: Even after controlling for regional differences in wages and industry mix, indemnity claim frequency …
The Workers’ Compensation Insurance Rating Bureau of California released an updated California Workers’ Compensation Aggregate Medical Payment Trends report for 2021. The latest annual report compares medical payment information from 2019 through 2021. It analyzes medical payment and utilization trends …
The Washington Department of Labor & Industries is proposing a 4.8% increase in the average price employers and workers pay for workers’ compensation insurance in 2023. Employers and workers would jointly pay an additional $61 a year on average for …
Oregon employers will pay less for workers’ compensation coverage on average next year, according to the Oregon Department of Consumer and Business Services. The DCBS said the decline in costs marks 10 years of average decreases in the pure premium …
Workers’ compensation claim frequency among California’s private self-insured employers last year hit the highest level since 2007 as both medical-only and indemnity claim volume rose, according to a California Workers’ Compensation Institute review of initial data from the state Office …
New data shows the types of drugs used to treat injured workers in California, and the distribution of payments for those medications, has shifted over the past decade, with opioids becoming far less prevalent and anti-inflammatory drugs accounting for an …
California written premium for 2021 was 2% below 2020 and 14% below 2019, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California issued released its quarterly experience report, an update on California statewide insurer experience valued as …
Three California business owners were arraigned for insurance fraud this week after an investigation reportedly showed they illegally conspired to lower workers’ compensation premiums. Troy Williams, 49, of Angels Camp, Nanci Morman, 68, of Somerset, and John Allison, 63, of …
