Claim Premium Workers Comp 
Insurance Journal
OCTOBER 8, 2024
California workers’ compensation written premium in 2023 was slightly above 2022, while written premium for the first six months of 2024 is 2% lower than the first six months of 2023, a new report shows. The Workers’ Compensation Insurance Rating …
Insurance Journal
JULY 29, 2024
The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating, a new report …
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AMAXX
JULY 30, 2024
So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. You’re gonna have to some of these premium adjustments. We’ve got things under control based on your mod.
Triple-I: Workers Compensation
JUNE 10, 2024
I recently assumed responsibility for forecast modeling of the property/casualty industry, which includes workers comp. According to NCCI, the success of the workers comp line in recent years represents the convergence of three factors: Payroll increases Moderate severity increases, and Larger-than-expected frequency declines.
Risk Management Monitor
DECEMBER 20, 2022
Claimant fraud and premium fraud are two of the most well-known types of workers compensation fraud. In these cases, a worker may intentionally fake an injury (claimant fraud) or a business owner may misrepresent their employee headcount or incorrectly classify employees to obtain lower insurance premiums.
Triple-I: Workers Compensation
JULY 27, 2023
Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. While current trends bode well for workers comp, the industry needs to recognize and be responsive to emerging issues that may affect the line going forward.
AMAXX
AUGUST 7, 2024
When it comes to managing workers’ compensation, understanding classification rules is fundamental. These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. What Are Classification Rules?
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