Insured, Workers Comp and Workers Compensation

California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

Insurance Journal

JULY 12, 2024

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

Workers Comp

Workers Comp Premium Compensation Insured

Florida Appeals Court Upsets Applecart on Workers’ Comp Statute of Limitations

Insurance Journal

JANUARY 15, 2025

A recent decision and concurring opinion by a Florida appeals court may have upset years of practice and could raise costs for workers’ compensation insurers. Some claims that carriers were once ready to close out of due to the statute …

Workers Comp

Workers Comp Compensation Claim Workers Compensation

Colorado Governor Wants to Privatize State’s Workers’ Comp Carrier

Insurance Journal

JANUARY 3, 2025

Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. Colorado Gov. The big idea is that pulling up …

Workers Comp

Workers Comp Compensation Workers Compensation Insurance

WCIRB Summarizes 2024 California Workers’ Comp Legislation

Insurance Journal

OCTOBER 3, 2024

The Workers’ Compensation Insurance Rating Bureau is giving its take on bills passed and passed on by California Legislature this year. The Legislature recessed for the year and Gov. Gavin Newsom had until Sept. 30 to sign or veto any …

Workers Comp

Workers Comp Compensation Workers Compensation Workers Compensation Insurance

Pinnacol’s EverPeak Workers’ Comp Coverage Expands Into South Carolina

Insurance Journal

SEPTEMBER 12, 2024

EverPeak Insurance, a workers’ compensation insurer that specializes in hard-to-place industries and small businesses, has recently expanded into South Carolina. Vice President and Chief Operating Officer Vlad Stojanovic said the move will help address the difficulties that some employers face …

Workers Comp

Workers Comp Compensation Insured Insurer

Washington Workers’ Comp Premium Going up in 2025

Insurance Journal

DECEMBER 1, 2024

The average cost of workers’ compensation insurance in Washington will go up about 3.8% Employers and workers together will pay on average roughly $1 per week more for each … in 2025, the Washington State Department of Labor & Industries announced.

Workers Comp

Workers Comp Premium Compensation Workers Compensation

Cyber Risk: West Virginia OIC Plans to Dispose of Older Workers’ Comp Files

Insurance Journal

AUGUST 22, 2024

The West Virginia insurance commissioner’s office has adopted a new policy: It will soon begin destroying workers’ compensation claim files that are 10 years old or older. “Given increasing cybersecurity concerns and the type of information contained in the closed …

Workers Comp

Workers Comp Cyber Compensation Risk

Summit Expands Workers’ Comp Coverage to Illinois

Insurance Journal

DECEMBER 5, 2024

Summit, a regional provider of workers’ compensation insurance services, announced the expansion of its coverage into Illinois.

Workers Comp

Workers Comp Casualty Insurance Compensation Insurance Companies

FCBI, a Florida Workers’ Comp Fund, Acquires MidSouth Mutual in Tennessee

Insurance Journal

AUGUST 25, 2024

FCBI, a self-insurance fund founded 45 years ago to provide workers’ compensation plans to Florida citrus growers, is expanding well beyond the Sunshine State with the acquisition of MidSouth Mutual Insurance Co. in Tennessee. MidSouth has been demutualized and has …

Workers Comp

Workers Comp Compensation Insured Insurer

‘Dr. Taxes’ in Georgia Charged with Taking Workers’ Comp Premiums from Clients

Insurance Journal

SEPTEMBER 9, 2024

A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz, 34, was arrested …

Workers Comp

Workers Comp Premium Compensation Workers Compensation

WCIRB: California Workers’ Comp Written Premium in 2023 Was up Slightly

Insurance Journal

OCTOBER 8, 2024

California workers’ compensation written premium in 2023 was slightly above 2022, while written premium for the first six months of 2024 is 2% lower than the first six months of 2023, a new report shows. The Workers’ Compensation Insurance Rating …

Premium

Premium Workers Comp Compensation Workers Compensation Insurance

California Workers’ Comp Report Shows ‘Relatively Stable’ System Post-Pandemic

Insurance Journal

JULY 29, 2024

The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating, a new report …

Workers Comp

Workers Comp Compensation Premium Workers Compensation

Texas Workers’ Comp is Growing, Profitable, Adding Doctors

Insurance Journal

NOVEMBER 14, 2024

The workers’ compensation market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation Annual Report 2024 from the Insurance Council of Texas. Texas has …

Workers Comp

Workers Comp Compensation Workers Compensation Insured

Alabama Prisoners Work at Stores But Not Eligible for Parole or Workers’ Comp

Insurance Journal

DECEMBER 23, 2024

DADEVILLE, Ala. (AP) AP) A storm was looming when the inmate serving 20 years for armed robbery was assigned to transport fellow prisoners to their jobs at private manufacturers supplying goods to companies like Home Depot and Wayfair. It didn’t …

Workers Comp

Workers Comp Workers Compensation Premium Compensation

California Vocational School Owner Charged With Fraud in Workers’ Comp Scheme

Insurance Journal

OCTOBER 24, 2024

The owner of a Fresno, California-based for-profit vocational school was charged with engaging in fraudulent billing practices related to workers’ compensation. Paul Steve Ramirez, 59, was charged with 11 felony counts, including insurance fraud. The fraudulent insurance claims could reach …

Workers Comp

Workers Comp Compensation Insurance Claim Claim

Report: 1Q 2024 California Workers’ Comp Written Premium 3% Lower Than Year Ago

Insurance Journal

JULY 31, 2024

Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its …

Premium

Premium Workers Comp Compensation Workers Compensation

West Virginia Governor Touts 20th-Straight Workers’ Comp Loss Cost Decrease

Insurance Journal

AUGUST 13, 2024

The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West Virginia voluntary market. If approved by regulators, it would mark the 20th straight year of rate decreases for the state, …

Workers Comp

Workers Comp Compensation Insured Insurer

Long COVID Claims Still Impact California’s Workers Comp System, Report Shows

Insurance Journal

OCTOBER 6, 2024

The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on long COVID claims. That’s from a report by …

Workers Comp

Workers Comp Claim Compensation Workers Compensation Insurance

Vocational School Owner Arraigned in $1M Workers’ Comp Fraud Case

Insurance Journal

AUGUST 29, 2024

Los Angeles area vocational school owner, Guillermo Frias, 65, of Paramount, and the school’s accounting manager, Yesid Colon, 54, of Baldwin Park, were arraigned following a California Department of Insurance investigation into allegations they submitted fraudulent claims to receive money …

Workers Comp

Workers Comp Claim Insured Insurer

NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees

Insurance Journal

SEPTEMBER 3, 2024

Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending … state in recent years.

Workers Comp

Workers Comp Compensation Workers Compensation Insured

Understanding the Key Parties in Workers’ Compensation

AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. Lets explore the roles of these critical players in a workers’ compensation system. Their expertise enhances the efficiency and accuracy of the claims process.

Workers Compensation

Workers Compensation Compensation Workers Comp Broker-Agent

Do landscaping companies need workers’ compensation insurance?

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

Workers Compensation Insurance Workers Compensation Compensation Workers Comp

Massachusetts Weighs Workers’ Comp Rate Hike to Correct for ‘Excessive’ 2024 Cut

Insurance Journal

DECEMBER 17, 2024

Massachusetts workers’ compensation insurers have filed for a 7.1% increase in average rates for industrial classes beginning July 1, 2025 the first rate increase since 2016. Why an increase in 2025? According to the industry, it’s because the state …

Workers Comp

Workers Comp Compensation Workers Compensation Insured

Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows

Insurance Journal

DECEMBER 4, 2024

Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …

Workers Comp

Workers Comp Claim Compensation Workers Compensation Insurance

Get Started Building Your NEW Workers’ Comp Program in 2025

AMAXX

JANUARY 6, 2025

When embarking on the journey to master workers compensation, the road is well-traveled and marked by proven strategies. Our three components to achieve workers comp mastery are: Framework , Employer Controls , and External Controls. Workers compensation programs are multifaceted, and leaders often struggle to prioritize.

Workers Comp

Workers Comp Building Workers Compensation Compensation

Understanding the Two Primary Benefits of Workers’ Compensation for Employers

AMAXX

JANUARY 14, 2025

Exclusivity: Protection Against Lawsuits One of the most significant benefits of workers compensation for employers is the exclusive remedy provision. Under this system, employees who accept workers compensation benefits for a work-related injury or illness forfeit the right to sue their employer for negligence.

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

Two Main Reasons Why Workers’ Compensation Costs Skyrocket

AMAXX

OCTOBER 15, 2024

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. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline

Insurance Journal

JANUARY 16, 2025

Increases in average medical payments and average indemnity payments drove public self-insureds’ total paid losses up last year even though the number of claims fell, a new report shows. The California Workers’ Compensation Institute reviewed the initial report on fiscal …

Workers Comp

Workers Comp Claim Compensation Insured

Workers’ Comp Claims Audit: Initial Action Plan Checklist

AMAXX

OCTOBER 7, 2024

A follow-up date to verify all state-required forms have been filed with the state work comp board. If the file is reportable to an insurer, excess carrier, or any other party, the date the reporting will be completed. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

Workers Comp

Workers Comp Claim Workers Compensation Compensation

What Is Employers Liability Insurance?

Property Insurance Coverage Law

AUGUST 30, 2024

Employer’s liability insurance protects businesses from lawsuits filed by employees who have suffered a work-related injury or illness. appeared first on Property Insurance Coverage Law Blog.

Liability Insurance

Liability Insurance Liability Workers Comp Workers Compensation Insurance

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

AMAXX

AUGUST 21, 2024

In the complex world of workers’ compensation, setting accurate reserves is a critical task for adjusters. Reserves are the funds set aside by an insurer to cover the future costs of a claim, including medical expenses, lost wages, and other associated costs. Is the Cost for the Claim for Life? All state laws vary.

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

AMAXX

SEPTEMBER 10, 2024

Efficient Communication of Medical Records Communication is critical, especially when it comes to sharing medical records with insurance claims adjusters or your company. Willingness to Handle Workers’ Compensation Cases Workers’ compensation cases come with unique requirements and responsibilities.

Workers Comp

Workers Comp Workers Compensation Compensation Injury

Texas Drywall Company Owner Faces Workers Comp Fraud Charges

Insurance Journal

JANUARY 15, 2025

The owner of a Texas drywall company is set to appear in Travis County District Court on February 12 to face three counts of fraud totaling $170,000, the Texas Department of Insurance Division of Workers’ Compensation (DWC) announced. Cristino Tapia …

Workers Comp

Workers Comp Compensation Insured Insurer

4 Step Process to Successfully Settle More Workers’ Compensation Claims

AMAXX

NOVEMBER 5, 2024

Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.” All state laws vary.

Workers Compensation

Workers Compensation Compensation Claim Workers Comp

Workers’ Compensation Post-Injury Response Procedure: A Key to Effective Injury Management

AMAXX

SEPTEMBER 16, 2024

Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers’ Comp In 90 Days” The Importance of a Consistent Post-Injury Response A well-documented and standardized post-injury response plan offers multiple benefits. This includes gathering witness statements and creating an incident report.

Injury

Injury Workers Compensation Compensation Workers Comp

SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders

Insurance Journal

SEPTEMBER 10, 2024

The board of SAIF, a not-for-profit workers’ compensation insurer in Oregon, declared a $60 million dividend for their current policyholders. The funds will start being dispersed starting in October, with 51,288 policyholders receiving the dividend, which as determined based on …

Policyholder

Policyholder Workers Comp Compensation Workers Compensation

Understanding Classification Rules in Workers’ Compensation

AMAXX

AUGUST 7, 2024

Classification rules are guidelines used by rating bureaus and insurance companies to categorize businesses based on the type of work they perform. The higher the risk, the higher the workers’ compensation premium for that classification. Instead of dreading these audits, be proactive in your approach.

Workers Compensation

Workers Compensation Compensation Workers Comp Premium

The Spaghetti Tower Study: Kindergarteners Can Teach Us About Reducing Workers’ Comp Costs

AMAXX

DECEMBER 19, 2024

In the context of workers compensation, fostering a similar collaborative environment can lead to earlier injury reporting, effective hazard identification, and creative solutions for return-to-work programs, ultimately reducing costs. You should consult with your insurance broker, attorney, or qualified professional.

Workers Comp

Workers Comp Workers Compensation Injury Compensation

Physical Therapy, Occupational Therapy, and Vocational Rehab in Workers’ Compensation

AMAXX

OCTOBER 24, 2024

The Role of Physical Therapy in Workers’ Compensation Physical therapy plays a significant role in the workers’ compensation process by improving recovery rates and facilitating quicker returns to work. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

Workers Compensation

Workers Compensation Compensation Injury Workers Comp

Best Practices to Prepare for a Workers’ Comp Claim Audit or Review

AMAXX

OCTOBER 1, 2024

When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. However, this approach is unproductive. Instead of pointing fingers, focus on constructive dialogue.

Workers Comp

Workers Comp Claim Workers Compensation Compensation

Does Your Business Need Workers' Compensation Insurance?

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. This insurance covers medical costs, rehabilitation, and lost wages for employees who are injured or become ill at work.

Workers Compensation Insurance

Workers Compensation Insurance Workers Compensation Compensation Workers Comp

Help Protect Your Employees With Workers’ Comp

Mark Jackson Insurance Agency

APRIL 15, 2024

Worker Using an Angle Grinder by Anamul Rezwan Business owners have multiple types of insurance to protect them from a variety of financial and legal risks. They should also protect their employees with workers’ comp insurance. Here’s what you need to know about this type of insurance coverage.

Workers Comp

Workers Comp Protection Workers Compensation Commercial Umbrella

2 Major Types of Transitional Duty in Workers’ Compensation

AMAXX

OCTOBER 8, 2024

Reduces Workers’ Compensation Costs : Keeping employees engaged in transitional duty roles helps reduce the overall costs associated with workers’ compensation claims. He is co-author of the #1 selling comprehensive training guide “Your Ultimate Guide to Mastering Workers’ Comp Costs: Reduce Costs 20% to 50%.”

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

Workers’ Compensation Medical Director Best Practices

AMAXX

DECEMBER 2, 2024

At the heart of this process is the medical director, medical department, or consultant, who plays a pivotal role in interpreting medical jargon and facilitating smooth communication between medical professionals, injured employees, and the workers’ compensation team.

Workers Compensation

Workers Compensation Compensation Workers Comp Injury

California Insurance Commissioner OKs Lower Workers’ Comp Benchmark Rate

Florida Appeals Court Upsets Applecart on Workers’ Comp Statute of Limitations

Trending Sources

Colorado Governor Wants to Privatize State’s Workers’ Comp Carrier

WCIRB Summarizes 2024 California Workers’ Comp Legislation

Pinnacol’s EverPeak Workers’ Comp Coverage Expands Into South Carolina

Washington Workers’ Comp Premium Going up in 2025

Cyber Risk: West Virginia OIC Plans to Dispose of Older Workers’ Comp Files

Summit Expands Workers’ Comp Coverage to Illinois

FCBI, a Florida Workers’ Comp Fund, Acquires MidSouth Mutual in Tennessee

‘Dr. Taxes’ in Georgia Charged with Taking Workers’ Comp Premiums from Clients

WCIRB: California Workers’ Comp Written Premium in 2023 Was up Slightly

California Workers’ Comp Report Shows ‘Relatively Stable’ System Post-Pandemic

Texas Workers’ Comp is Growing, Profitable, Adding Doctors

Alabama Prisoners Work at Stores But Not Eligible for Parole or Workers’ Comp

California Vocational School Owner Charged With Fraud in Workers’ Comp Scheme

Report: 1Q 2024 California Workers’ Comp Written Premium 3% Lower Than Year Ago

West Virginia Governor Touts 20th-Straight Workers’ Comp Loss Cost Decrease

Long COVID Claims Still Impact California’s Workers Comp System, Report Shows

Vocational School Owner Arraigned in $1M Workers’ Comp Fraud Case

NCCI Calls For Tiny Workers’ Comp Rate Decrease for Florida After New Doctor Fees

Understanding the Key Parties in Workers’ Compensation

Do landscaping companies need workers’ compensation insurance?

Massachusetts Weighs Workers’ Comp Rate Hike to Correct for ‘Excessive’ 2024 Cut

Claim Frequency in California Workers’ Comp Higher in L.A. Area, Study Shows

Get Started Building Your NEW Workers’ Comp Program in 2025

Understanding the Two Primary Benefits of Workers’ Compensation for Employers

Two Main Reasons Why Workers’ Compensation Costs Skyrocket

California Workers’ Comp Public Self-Insured Losses Rise Despite Claim Volume Decline

Workers’ Comp Claims Audit: Initial Action Plan Checklist

What Is Employers Liability Insurance?

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected

Eleven Considerations for Selecting Your Workers’ Comp Company Doctor

Texas Drywall Company Owner Faces Workers Comp Fraud Charges

4 Step Process to Successfully Settle More Workers’ Compensation Claims

Workers’ Compensation Post-Injury Response Procedure: A Key to Effective Injury Management

SAIF in Oregon Declares $60M Dividend for Workers’ Comp Policyholders

Understanding Classification Rules in Workers’ Compensation

The Spaghetti Tower Study: Kindergarteners Can Teach Us About Reducing Workers’ Comp Costs

Physical Therapy, Occupational Therapy, and Vocational Rehab in Workers’ Compensation

Best Practices to Prepare for a Workers’ Comp Claim Audit or Review

Does Your Business Need Workers' Compensation Insurance?

Help Protect Your Employees With Workers’ Comp

2 Major Types of Transitional Duty in Workers’ Compensation

Workers’ Compensation Medical Director Best Practices

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