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Maine Approves 9.6% Decrease in Workers’ Compensation Costs

Insurance Journal

Maine has approved the insurance industry’s filing that will lower workers’ compensation insurance loss costs an average of 9.6%. The lower loss costs will go into effect for new and renewing policies as of April 1, 2025. According to Superintendent …

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Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates

Insurance Journal

reduction in workers’ compensation rates–a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. Massachusetts businesses will see an average 14.6% The lower rates go into effect on July 1, 2024.

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Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking Monies Through Excessive Payouts

Property Insurance Coverage Law

Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries.

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NCCI’s Tracy Ryan:Busting the Math Myth

Triple-I: Workers Compensation

Back then, 35 years ago, I thought the best career for a math major would be education, said Ryan, who in November 2024 became president and CEO of NCCI the nations most comprehensive source for workers compensation data, insights, and solutions. Ryan never thought about the demands of working in a male-dominated industry.

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One Call Names Mendez CEO, Alliant Adds VP Cassidy in Florida

Insurance Journal

One Call, a provider of ancillary care services for the workers’ compensation market, based in Jacksonville, named Nicholas Mendez as chief executive officer, starting Feb. Mendez succeeds Jay Krueger, who will continue working with One Call through the end …

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Inflation, the Economy and Workers’ Comp: A Positive Outlook

Insurance Journal

By Jahna Jacobson Inflation is cooling, employment growth is normalizing and the workers’ compensation outlook is good, according to a national economist specializing in workers’ compensation. The economy and the property/casualty insurance industry are inextricably linked together, said Stephen Cooper, …

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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.