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Understanding the Impact of Frequency and Severity on Workers’ Compensation Premiums

AMAXX

These metrics are fundamental in determining the experience modification factor (often called “mod”), which ultimately influences the cost an employer will pay for workerscompensation insurance. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx WorkersComp Training Center.

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Blog Post: Herlick, California Workers’ Compensation Handbook: 2024 Developments

LexisNexis

Since 2020, many workerscompensation stakeholders have changed their operational models. Large numbers of insurance brokers, employer HR departments, insurance and TPA claims departments, attorneys, and other companies servicing the workerscompensation industry shifted to a remote work model.