Insurance Journal

SEPTEMBER 18, 2024

AUSTIN, Texas September 18, 2024—Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, is announcing today that its board of directors voted unanimously to approve a $350 million dividend distribution in 2024. Dividends will be distributed to …

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Policyholder Compensation Insurance Companies Insured 242

Insurance Journal

FEBRUARY 24, 2025

Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workers’ compensation premiums each year, according to a new report from a state task force. Maryland’s Joint …

Premium 221

Premium Injury Compensation Insurance Companies 221

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. Their expertise enhances the efficiency and accuracy of the claims process.

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Workers Compensation Compensation Workers Comp Broker-Agent 98

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. This can free up resources for other areas of your business.

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Workers Compensation Compensation Workers Comp Premium 102

AMAXX

JANUARY 14, 2025

Workers’ compensation programs are a cornerstone of workplace safety and risk management. Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. Litigation, especially in cases of workplace accidents, can be costly and time-consuming.

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Workers Compensation Compensation Workers Comp Injury 98

LexisNexis

FEBRUARY 5, 2025

By Christopher Mahon, LexisNexis Legal Insights Contributing Author A September 2024 study from the Workers Compensation Research Institute indicates that workers represented by an attorney in workers compensation claims receive substantially more payments than workers who are not represented by an attorney. See [link].

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Workers Compensation Compensation Injury Claim 49

Insurance Journal

MARCH 9, 2025

states are bragging about the growing number of captive insurers domiciled there and are making changes to attract more captives Alabama regulators have declared a temporary moratorium on those types of insurance companies. Just as several other U.S.

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Insurance Companies Insured Insurance Insurer 227

Insurance Journal

JULY 17, 2024

Mutual Insurance Companies. AM Best reports that it has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings of members of A.I.M. The ratings agency has also affirmed the Financial Strength Rating of A (Excellent) and …

Insurance Companies 264

Insurance Companies Workers Compensation Insured Insurer 264

LexisNexis

OCTOBER 10, 2024

Rassp, Presiding Judge, WCAB Los Angeles, California Division of Workers’ Compensation Disclaimer: The material and any opinions contained in this article are solely those of the authors and are not the opinions of the Department of Industrial Relations, Division of Workers’ Compensation, or the WCAB, or any other entity or individual.

Workers Compensation 75

Workers Compensation Compensation Workers Compensation Insurance Injury 75

Boyle Agency Insurance

APRIL 4, 2025

Worker’s Compensation Insurance Worker’s compensation insurance covers medical expenses and lost wages for contractors’ employees injured while working on your property. Contractors should provide you with a certificate of insurance (COI) that outlines their coverage types and limits.

Property Damage 40

Property Damage Injury Damage Liability 40

P&L Financial Services

AUGUST 29, 2024

Compensation often includes a base salary, commissions, and bonuses, which can significantly boost overall earnings. Myth 4: It’s Impossible to Make a Good Living Another common myth is that senior benefits agents don’t earn a good income. Many agents enjoy lucrative careers with competitive salaries and excellent benefits.

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Insurance Companies Agents Insured Insurer 52

LexisNexis

JANUARY 22, 2025

CALIFORNIA COMPENSATION CASES Vol. JUST CLICK ON THE CASE NAMES BELOW Appellate Court Compensation Case Russell (Kevin) v. However, WCAB panel decisions are not binding precedent, as are en banc decisions, on all other Appeals Board panels and workers compensation judges. All rights reserved. Johnson (Christopher) v.

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Compensation Injury Workers Compensation Claim 40

AMAXX

SEPTEMBER 9, 2024

Medical cost containment is an essential aspect of managing workers’ compensation claims effectively. Employers and insurance companies face the challenge of controlling medical costs while ensuring that injured employees receive the care they need. Proper timing is also essential to avoid unnecessary delays.

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Workers Comp Injury Compensation Claim 102

Redbird Agents

JULY 18, 2024

Compare quotes available to you from up to 30 insurance companies. Several Policy Options and Companies One of Choice Mutual’s strengths is the number of companies it partners with. Other agencies typically have only 1-3 insurance companies they can offer you.

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Insured Insurer Insurance Policy 130

LexisNexis

NOVEMBER 8, 2024

Robinson, Co-Editor-in-Chief, Workers’ Compensation Emerging Issues Analysis ( LexisNexis ) (This article is excerpted from the upcoming 2024 Edition of Workers’ Compensation Emerging Issues Analysis (LexisNexis). By Thomas A. Section numbers below refer to the text in that book. Demographic shifts are further complicating the picture.

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Workers Compensation Compensation Injury Claim 40

AMAXX

AUGUST 12, 2024

In workers’ compensation, communication with injured workers is a critical aspect that can significantly influence the outcome of a claim. Clarity and Transparency Simplify the Process Workers’ compensation claims can be complex and overwhelming for injured workers.

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Workers Compensation Workers Comp Injury Compensation 105

LexisNexis

NOVEMBER 7, 2024

Colleen Casey, Former Commissioner, California Workers’ Compensation Appeals Board The battle of the bill review experts is on! Before setting foot into the workers’ compensation court, it’s helpful to know what theories and evidence opposing counsel has used in the past. Earned the Self-insurance Claims Examiner Certificate.

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Workers Compensation Compensation Injury Claim 40

Insurance Journal

MARCH 3, 2025

Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April 1, 2025. The nonprofit company also announced its highest-ever policyholder dividend of $55 million for 2025. It is the eighth …

Workers Comp 250

Workers Comp Policyholder Insured Insurer 250

LexisNexis

SEPTEMBER 17, 2024

With autonomous vehicles or AVs slowly gaining market share and the technology rapidly advancing, this is becoming an increasingly urgent question for insurance companies. Indeed, AV technology could upend the very foundations of the car insurance industry. First, some basics.

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Auto Insurance Insured Insurer Insurance 97

Word & Brown

DECEMBER 10, 2024

All businesses with workers in California and Nevada are required to have Workers Compensation Insurance. But do you know that Word & Browns partnership with CompNet Insurance Solutions makes it easy for you to offer Workers Comp coverage? California adopted several workers compensation laws in the 1910s. Why Say Yes?

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Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

Redbird Agents

NOVEMBER 15, 2024

Filling senior-level roles in the insurance industry requires more than just sourcing resumes—it demands precision, industry knowledge, and a focus on long-term success. Alignment on Terms: Work with your headhunter to establish clear compensation packages and role expectations early in the search process.

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Insured Insurer Insurance Casualty Insurance 130

Freeway Insurance

JANUARY 3, 2025

Underinsured drivers : About 6% of California drivers are currently underinsured, meaning their coverage levels are not high enough to fully compensate other drivers and their passengers and property in the event of an at-fault accident. Insurers compensate for this increase by raising premiums to cover the heightened risk.

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Auto Insurance Premium Liability Insured 98

Boyle Agency Insurance

MAY 3, 2024

Home Insurance Claim Step II: Contact Us, Your Agent, or Your Insurance Company As soon as it is safe to do so, contact us @ (201) 939-1076 or your insurance company to report the incident. This documentation will help ensure that you receive the appropriate compensation for your losses.

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Home Insurance Insurance Claim Claim Damage 52

Insurance Agency of Ohio

MAY 18, 2018

The best way to protect your company is to buy a specific cyber liability insurance policy that addresses the unique circumstances that can occur in a data breach. you should talk to us about making sure your liability is properly insured. The post CyberRisk appeared first on Insurance Agency of Ohio.

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Workers Compensation Liability Cyber Insurance Agency 52

Insurance Agency of Ohio

JUNE 9, 2018

Chances are, your insurance company doesn’t offer this coverage. Call us today for a free homeowners quote from Cincinnati Insurance that includes Service Line coverage. About Insurance Agency of Ohio Insurance Agency of Ohio is a trusted and well-respected family-owned independent insurance agency in Worthington, Ohio.

Workers Compensation 52

Workers Compensation Insurance Agency Damage Compensation 52

Triple-I: Workers Compensation

APRIL 4, 2022

By Max Dorfman, Research Writer The coronavirus pandemic and the financial challenges it presents have fueled growth in captive insurance – a form of self-insurance in which one or more entities establish their own insurance company. They also may insure the risks of organizations other than their major owners.

Workers Compensation 40

Workers Compensation Insured Insurer Insurance 40

Majesco

SEPTEMBER 26, 2024

Insurers with a higher level of strategic activity around expanding channels, new products, and new business models are 1.4 Expanding channels and new business models are both impacted by an insurance company’s willingness to upgrade their distribution management systems.

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Broker-Agent Agents Insured Insurer 73

Insurance Agency of Ohio

MARCH 17, 2019

Joining 31 other states that already allowed electronic proof of insurance, the new law allows motorists to show digital versions of proof of insurance on smartphones, PDAs, tablets, laptops and other portable computing devices. appeared first on Insurance Agency of Ohio.

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License Workers Compensation Insurance Agency Auto Insurance 52

Redbird Agents

JUNE 14, 2024

Also, always make sure and check your contracts for updated compensation details and commissions. FIA commissions are paid from the insurance company. The additional risk associated with life only payout is that if the annuitant passes away at any time, the insurance company keeps the remaining funds.

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License Life Insurance Agents Premium 130

Distinguished

NOVEMBER 7, 2024

If the principal fails to fulfill these obligations, the surety is responsible for rectifying the breach, either through financial compensation or by ensuring the completion of the contract. The Surety : A third party, often an insurance company, that provides the surety bond, guaranteeing the principal’s performance to the obligee.

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Claim Compensation Risk Broker-Agent 52

Smart Insurance Agents

SEPTEMBER 28, 2024

Finding a reliable broker involves checking credentials, seeking referrals, and asking pertinent questions about their expertise, compensation, and account management. They maintain strong relationships with multiple health insurance companies, which enhances their ability to negotiate favorable terms for their clients.

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Broker Broker-Agent Insurance Broker Insured 52

Triple-I: Workers Compensation

MARCH 21, 2023

By Max Dorfman, Research Writer, Triple-I Today’s inflationary conditions may increase interest for group captives – insurance companies owned by the organizations they insure – according to a new Triple-I Executive Brief. With these benefits, the group captive model can help to control spiraling litigation costs.

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

Maritime Insurance International

MARCH 16, 2020

Perhaps the most important decision boat owners need to make when purchasing boat insurance is how they want their claim to be settled in the event of a total loss of their boat. There are three types of boat insurance policies, each of which pays out on a total loss differently. There is, however, one caveat.

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Policy Insured Insurer Insurance 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

Property Insurance Centre

JANUARY 4, 2024

. “Insureds need to be aware of the potential risks they face and work closely with their insurers to understand the coverage limitations and take proactive measures to protect their properties.” To offset these challenges, reinsurers are passing costs down to primary insurance companies.

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Property Insurance Commercial Property Liability Insured 52

Insurance Agency of Ohio

JANUARY 30, 2020

For more information about job site security or other construction-related issues, contact Insurance Agency of Ohio for loss control information. Article Courtesy of Cincinnati Insurance Company. The agency has been protecting their central Ohio clients with comprehensive insurance programs for over 50 years.

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Theft Insurance Agency Workers Compensation Deductible 52

Insurance Agency of Ohio

NOVEMBER 15, 2020

Here’s 5 things to look for when insuring your high-valued home: 1.) Is it insured for enough? Most insurance companies use a software “calculator” to come up with the value your home should be insured for. Insure your toys properly. Higher valued homes tend to contain custom features.

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Liability Insurance Agency Insured Insurer 52