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‘Old School’ Job Search Benefits Injured Worker in Lost Wages Claim

Insurance Journal

A manufacturer and its workers compensation insurer thought an injured 60-year old service technician employee did not work hard enough to find a suitable replacement job as required to qualify for wage loss benefits. Among other things, he did not …

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Long COVID Claims Still Impact California’s Workers Comp System, Report Shows

Insurance Journal

The impact and surge of long-term COVID on the California workerscompensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on long COVID claims. That’s from a report by …

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Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows

Insurance Journal

Claim frequency in California workerscompensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The WorkersCompensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …

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Crash Course in Work Comp Motor Vehicle Accidents

AMAXX

As a general rule, workers compensation insurance is the primary insurance, which requires the claim team to investigate and make determinations regarding compensability and subrogation rights. This requires them to take a crash course in claims investigation literally.

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Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. A combined ratio under 100 indicates a profit. percent from 2014 to 2023.

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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. It's the same story as was originally published in 2019, just more intense! Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

Commercial Liability Insurance to protect against claims related to third-party injuries or property damage. Workers Compensation Insurance to cover employee injuries on the job. If youre hiring new employees at your new location, ensure compliance with local workers comp laws.