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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 workerscompensation 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 workerscompensation 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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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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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.

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Personal Lines Underwriting Results Improve, Reducing Gap With Commercial Lines

Triple-I: Homeowners Insurance

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. The industry’s estimated net combined ratio of 99.4 The report was released during a members-only webinar on Oct.

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Cannabis Industry Prospects Brighten;Risks, Challenges Remain

Triple-I: Workers Compensation

Similar federal “safe harbor” legislation for the insurance industry – the Clarifying Law Around Insurance of Marijuana Act (CLAIM Act) – was introduced last month. Passage of the CLAIM Act would open the doors for more insurers and should bring the cost of insuring marijuana-related businesses much less expensive.

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Pandemic Fuels Growth in Captive Insurance

Triple-I: Workers Compensation

For many organizations, captive insurance provides a viable alternative for these risks. Workers’ comp and captives The coronavirus pandemic has also affected captive owners in the workerscompensation field.