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Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

Insurance Journal

The average cost of workerscompensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …

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Connecticut Approves 6% Workers’ Compensation Rate Decrease for 2025

Insurance Journal

The trend of decreasing rates in Connecticut workerscompensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submitted by the industry’s National Council on …

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Court Must Decide If Child Victims Act Revives Old Workers’ Compensation Claims

Insurance Journal

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workerscompensation system? It’s the responsibility of the state’s …

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Student-on-Employee Workers’ Compensation Assault Claims Drop: Gallagher Basset

Insurance Journal

The number of workerscompensation claims for student-on-school-employee assault dropped significantly during the 2023-24 school year, according to data from Gallagher Basset. This change comes after two years of increasing claims following the 2020-21 school year. Citing client numbers covering …

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4 Step Process to Successfully Settle More Workers’ Compensation Claims

AMAXX

Successfully settling workerscompensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. By adhering to a proven four-step process, organizations can consistently achieve better claim outcomes. One key trigger is the injured worker reaching medical stability.

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Travelers: Costliest Claims Driven by Most Common Workplace Accidents

Insurance Journal

million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. Analysis of 1.2 The data also shows first-year employees are still among those most vulnerable to injury.

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Two Main Reasons Why Workers’ Compensation Costs Skyrocket

AMAXX

One of the most significant challenges for employers today is managing the rising costs of workerscompensation claims. The price tag associated with these claims can severely impact a company’s bottom line if not controlled effectively.