Triple-I: Workers Compensation

FEBRUARY 14, 2025

Combined ratio the most common measure of insurer underwriting profitability is calculated by dividing the sum of claim-related losses and expenses by premium. Net combined ratio and net written premium growth rates for Workers Comp are analyzed, forecasted, and reported in Triple-I quarterly members-only webinars.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

AMAXX

FEBRUARY 18, 2025

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?

Workers Compensation 103

Workers Compensation Compensation Workers Comp Premium 103

AMAXX

JANUARY 15, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Things that we don’t understand can seem a lot more difficult than they actually are. This is the actual costs of the claims that were legitimate claims for workers’ compensation.

Workers Comp 95

Workers Comp Workers Compensation Premium Compensation 95

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Understanding how these two factors interact can help businesses reduce their premiums and improve workplace safety.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. Lets explore the roles of these critical players in a workers’ compensation system.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

AMAXX

JANUARY 14, 2025

By participating in the workers compensation system, employers can avoid these challenges, maintain focus on their business goals, and foster a stable work environment. Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” 2.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Injury 98

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.

Workers Comp 64

Workers Comp Risk Workers Compensation Injury 64

AMAXX

MARCH 4, 2025

The direct costs of workers’ compensation claims, medical expenses, and lost productivity add up quickly. Data from OSHA and the National Safety Council consistently show that businesses that invest in safety programs experience lower insurance premiums, fewer lost workdays, and improved productivity. Heres how: 1.

Workers Comp 71

Workers Comp Workers Compensation Injury Compensation 71

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?

Workers Compensation 102

Workers Compensation Compensation Workers Comp Premium 102

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.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

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.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

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.

Workers Comp 40

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 40

LexisNexis

NOVEMBER 8, 2024

COVID-19 In § 8, Hamilton examines the latest study from the Workers’ Compensation Research Institute (WCRI) on the impact of long COVID in workers’ compensation claims. This amendment applies to all claims pending as of June 28, 2022, and all claims filed after this date.

Workers Compensation 40

Workers Compensation Compensation Injury Claim 40

AMAXX

FEBRUARY 10, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Whatwe’retryingtodohere,whatdidnotwhatnecessarilywe,whattheinsurancecarriers,whattheunderwriterstryingtodoisthey’retryingtogetanaccurateperceptionofrisk.

Workers Comp 66

Workers Comp Risk Workers Compensation Premium 66