Insurance Journal

AUGUST 26, 2024

New Jersey has raised the cap on fees for attorneys handling workers’ compensation 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 …

Workers Compensation 284

Workers Compensation Compensation 284

Insurance Journal

JULY 21, 2024

Postal Service employee in Delaware who defrauded taxpayers of almost $100,000 in workers’ compensation benefits has been sentenced to probation. Lakisha Hines was sentenced Thursday after pleading guilty in March to one count of federal employee compensation …

Workers Compensation 255

Workers Compensation Compensation 255

Insurance Journal

SEPTEMBER 5, 2024

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% on average. The new lower rates will apply to voluntary market policies effective on or after …

Workers Compensation 252

Workers Compensation Compensation Policy Insured 252

Insurance Journal

NOVEMBER 19, 2024

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned to these ratings is stable. AM Best …

Workers Compensation 233

Workers Compensation Compensation Insured Insurance 233

Insurance Journal

NOVEMBER 17, 2024

Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation 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 …

Workers Compensation 130

Workers Compensation Compensation Insured Insurance 130

Insurance Journal

JULY 16, 2024

An Amazon distribution center worker in Virginia whose job entailed repetitive lifting and stowing of items every day and who suffered rotator cuff tears has been denied workers’ compensation benefits because she failed to prove her injury resulted from an …

Workers Compensation 264

Workers Compensation Compensation Injury 264

Insurance Journal

JULY 30, 2024

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workers’ compensation system? It’s the responsibility of the state’s …

Workers Compensation 263

Workers Compensation Compensation Claim 263

Insurance Journal

SEPTEMBER 30, 2024

Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the recommendation is approved, it would mark the eleventh …

Workers Compensation 147

Workers Compensation Compensation Risk Insured 147

Boyle Agency Insurance

SEPTEMBER 20, 2024

Workers Compensation Insurance – Essential For Business Owners And Employees Workers Compensation Insurance is required for businesses with more than one employee. If you own a business that has a work environment that’s a bit insecure, make sure you have a Workers Compensation Insurance policy in place.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insured 52

Insurance Journal

OCTOBER 14, 2024

In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while ensuring compliance and maintaining efficiency. This post is part of a series sponsored by Selectsys. To overcome these …

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Underwriter Underwriting Workers Compensation Compensation 130

AMAXX

OCTOBER 15, 2024

One of the most significant challenges for employers today is managing the rising costs of workers’ compensation claims. This post will dive into the two primary reasons why workers’ compensation costs are often higher than they should be, and how employers can take charge of the process to reduce those expenses.

Workers Compensation 82

Workers Compensation Compensation Workers Comp Injury 82

Insurance Journal

AUGUST 8, 2024

The number of workers’ compensation claims for student-on-school-employee assault dropped significantly during the 2023-24 school year, according to data from Gallagher Basset. This change comes after two years of increasing claims following the 2020-21 school year. Citing client numbers covering …

Workers Compensation 147

Workers Compensation Compensation Claim Risk 147

Insurance Journal

JULY 16, 2024

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.

Workers Compensation 240

Workers Compensation Compensation Risk Policy 240

AMAXX

NOVEMBER 5, 2024

Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. This four-step process not only reduces costs but also fosters better outcomes for injured workers and employers alike.

Workers Compensation 92

Workers Compensation Compensation Claim Workers Comp 92

Simply Insurance

SEPTEMBER 16, 2024

Discover the factors that influence the cost of workers' compensation insurance, including industry type, employee roles, and state regulations. Learn how to estimate your premiums and find ways to save on coverage while ensuring your business is protected.

Workers Compensation Insurance 59

Workers Compensation Insurance Workers Compensation Compensation Premium 59

Insurance Journal

JULY 14, 2024

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.

Workers Compensation 130

Workers Compensation Compensation Insurance Industry Insured 130

AMAXX

AUGUST 7, 2024

When it comes to managing workers’ compensation, 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.

Workers Compensation 72

Workers Compensation Compensation Workers Comp Premium 72

AMAXX

OCTOBER 24, 2024

This not only benefits the employee but also the employer by reducing workers’ compensation costs and minimizing downtime. Occupational therapy (OT) is similar to physical therapy but focuses more on helping workers regain the specific physical abilities they need to perform their job duties. What Is Occupational Therapy?

Workers Compensation 84

Workers Compensation Compensation Injury Workers Comp 84

InsuranceBee

JULY 23, 2024

When you’re running a landscaping or lawn care business, one of the most crucial questions you can ask yourself is: do I need workers’ compensation insurance? Frankly, with workers’ comp, there’s little to no gray area. The post Do landscaping companies need workers’ compensation insurance?

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Workers Comp 52

AMAXX

AUGUST 21, 2024

In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. 5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. Is the Cost for the Claim for Life?

Workers Compensation 88

Workers Compensation Compensation Workers Comp Injury 88

AMAXX

OCTOBER 8, 2024

In the world of workers’ compensation, one of the most powerful strategies for managing costs while helping injured employees return to work is the implementation of a transitional duty (TD) program.

Workers Compensation 75

Workers Compensation Compensation Workers Comp Injury 75

Simply Insurance

SEPTEMBER 18, 2024

Discover the factors that influence the cost of aviation workers compensation insurance, including coverage options, industry risks, and tips for finding the best rates for your business.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insured 52

InsuranceBee

MAY 24, 2024

When it comes to cleaning businesses, one of the most common questions we’re asked is: do janitors need workers’ compensation insurance? The post Why janitors need workers’ compensation insurance appeared first on InsuranceBee Blog. It protects your employees if they get injured or hurt while working for you.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insured 52

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

AMAXX

SEPTEMBER 16, 2024

This helps in managing workers’ compensation costs more effectively, as the employer takes the lead in coordinating care and managing the return-to-work process. Proper documentation not only aids in managing the workers’ compensation claim but also helps protect the employer against potential legal challenges.

Injury 82

Injury Workers Compensation Compensation Workers Comp 82

LexisNexis

OCTOBER 22, 2024

By Julius Young, Richard Jacobsmeyer, Barry Bloom, Editors-in-Chief for Herlick, California Workers’ Compensation Handbook [Note: This article is excerpted from the upcoming 2025 edition of Herlick, California Workers’ Compensation Handbook. The AI revolution is starting to come to workers’ compensation.

Workers Compensation 40

Workers Compensation Compensation Claim Injury 40

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Frequency: The Stronger Driver of Premiums In the world of workers’ compensation, frequency refers to how often claims are filed.

Workers Compensation 59

Workers Compensation Premium Compensation Workers Comp 59

Mark Jackson Insurance Agency

JUNE 17, 2024

Man Drilling into a Wooden Board by Thijs van der Weide Workers' compensation insurance is a fundamental aspect of running a business, providing vital protection for both employers and employees. Benefits for Employees For employees, the assurance that workers' comp insurance provides cannot be overstated.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Workers Comp 52

Insurance Journal

AUGUST 5, 2024

million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. Analysis of 1.2 The data also shows first-year employees are still among those most vulnerable to injury.

Workers Compensation 299

Workers Compensation Claim Injury Compensation 299

New Jersey Workers' Comp

AUGUST 22, 2024

The New Jersey Division of Workers’ Compensation has historically assessed against employers the obligation to pay 60% of the fee of the injured worker. Injured workers pay 40% of the fee of their own attorney in New Jersey. This new counsel fee legislation affects both parties and petitioners’ attorneys.

Workers Compensation 52

Workers Compensation Compensation Claim 52

LexisNexis

OCTOBER 8, 2024

COMPLEX EMPLOYMENT ISSUES FOR CALIFORNIA WORKERS' COMPENSATION A new softbound supplement to Rassp & Herlick, California Workers’ Compensation Law 284 pages PIN #0006801214509 For current pricing and to order, call 800-543-6862. What constitutes an independent contractor?

Workers Compensation 40

Workers Compensation Compensation Workers Compensation Insurance Liability 40

AMAXX

JULY 29, 2024

In the realm of workers’ compensation, the role of an injury coordinator is pivotal. Based on the comprehensive guide from the Workers’ Compensation Manual, this blog will explore the responsibilities, best practices, and significance of an injury coordinator in an organization.

Workers Compensation 52

Workers Compensation Injury Compensation Workers Comp 52

LexisNexis

SEPTEMBER 17, 2024

Hamilton, Former Assistant Secretary and Deputy Commissioner, California Workers’ Compensation Appeals Board Over the past several decades California has implemented broad legislative changes aimed at lowering the costs associated with workers’ compensation, especially medical expenditures. Mueller, K.L, Mueller, K.L,

Workers Compensation 74

Workers Compensation Claim Compensation Injury 74

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. FREE DOWNLOAD: “8 ‘Think Outside the Box’ Tactics to Settle Workers’ Comp Claims” The post Part 1: Permanent Total Disability in Workers’ Compensation: Now What?

Workers Compensation 52

Workers Compensation Compensation Workers Comp Injury 52

LexisNexis

SEPTEMBER 9, 2024

Robinson, co-author, Larson’s Workers’ Compensation Law Editorial Note: All section references below are to Larson’s Workers’ Compensation Law, unless otherwise indicated. Illinois Workers’ Comp. His injuries, even on the employer’s premises were, therefore, compensable. LEXIS 819, § 7.04

Workers Compensation 40

Workers Compensation Compensation Injury Workers Comp 40

Insurance Journal

OCTOBER 20, 2024

Workers’ compensation medical payments per claim in California were 10% below the median state of a 17-state study sample for claims with experience through March 2023, a study from the Workers Compensation Research Institute shows. The WCRI study, CompScope Medical …

Workers Compensation 147

Workers Compensation Compensation Claim 147

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Mistake #1: Delayed Care Due to Uncertainty A significant mistake in handling workers’ compensation claims is delaying medical treatment for injured employee s.

Workers Compensation 52

Workers Compensation Compensation Claim Workers Comp 52