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Delaware’s Workers’ Compensation Claims Cost Grew 3% a Year: WCRI

Insurance Journal

The average cost of workerscompensation claims in Delaware, for cases with more than seven days of lost work, went up by 3% per year between 2019 and 2022, according to a new study from the Workers Compensation Research Institute …

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Understanding Classification Rules in Workers’ Compensation

AMAXX

When it comes to managing workerscompensation, understanding classification rules is fundamental. The higher the risk, the higher the workers compensation premium for that classification. Misclassification can lead to costly errors, either by overpaying premiums or by facing penalties for underreporting risk.

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He Saved the Chocolates But Lost His Workers’ Compensation Insurance

Insurance Journal

An employee who was injured when rescuing chocolate candies from the heat in his employer-owned delivery truck is not due workerscompensation benefits. The Virginia WorkersCompensation Commission (WCC) upheld a deputy commissioner’s denial of benefits, agreeing that Ronald Mark …

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New Jersey Raises Workers’ Compensation Attorney Fee Cap to 25%

Insurance Journal

New Jersey has raised the cap on fees for attorneys handling workerscompensation cases from 20% to 25% of settlements. The primary sponsors of S2822/A3986 were Senator Joseph Lagana and Assemblymen Anthony Verrelli and Robert Karabinchak. The measure passed the …

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How Fear Impacts Workers’ Compensation Claims (and What to Do About It)

AMAXX

By understanding the role fear plays in workers compensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. The Link Between Fear and Litigation Studies have consistently identified fear as a major driver of workers compensation litigation.

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Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees come to believe that every claim will be accepted, regardless of the circumstances.

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Delaware Workers’ Compensation Rates to Drop 8.4% and 9.2%

Insurance Journal

Delaware Insurance Commissioner Trinidad Navarro announced that workerscompensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.4%, and the residual market will …