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State High Court Nixes Policy Cancellation Over ‘Ambiguous’ Communications

Insurance Journal

An insurer failed to properly cancel a workers’ compensation policy because its multiple notices and other conduct were not “definite, certain, and unambiguous” as to the status of the coverage. As a result, Ace America Insurance Co. is obligated to …

Policy 279
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California State Fund Declaring 15% Dividend for 2024 Policy Year

Insurance Journal

State Compensation Insurance Fund in California announced that it will declare a $149 million dividend to qualifying policyholders with policies that took effect between Jan. This dividend equals roughly 15% of the estimated annual premium …

Policy 277
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New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% The …

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Court, Not Board, Must Decide If Insurer’s Conduct After Canceling Policy Was Negligent

Insurance Journal

Claims that a workers’ compensation insurer’s conduct after it canceled a policy were negligent are for a court, not the state’s workers’ compensation board, to decide, the Connecticut Appellate Court has ruled. Liberty Mutual Insurance Co. had succeeded before both …

Policy 264
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New Jersey Workers’ Compensation Rates to Drop 3.9% for 2025

Insurance Journal

statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% The …

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New Hampshire Approves 5.6% Workers’ Compensation Loss Cost Decrease for 2025

Insurance Journal

The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% The new lower rates will apply to voluntary market policies effective on or after … on average.

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Navigating Hard-to-Place Workers’ Compensation: A Path Forward for High-Risk Businesses

Insurance Journal

Frank Fasano, Director of Sales at ToughComp, a PCF business, shares insight from his years of experience working within industries that experience challenges finding affordable workers’ compensation policies.