Policyholder and Workers Compensation - Insurance Industry Brief

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

Insurance Journal

SEPTEMBER 17, 2024

is giving policyholders the largest dividend in the workers’ compensation carrier’s history. The HEMIC board of directors recently announced a $5 million dividend to qualifying policyholders. The company credits HEMIC’s steady growth and policyholder …

Policyholder

Policyholder Compensation Insurance Companies Workers Compensation

MEMIC Recognizes Three NE Agencies for Service to Policyholders

Insurance Journal

APRIL 2, 2025

Workers’ compensation specialist insurer MEMIC, based in Maine, has recognized three agencies in the Northeast for top service to policyholders. HUB International Northeast, with offices in New York City; Brown & Brown, in Dedham, Massachusetts; and USI Insurance Services in …

Policyholder

Policyholder Compensation Workers Compensation Insurer

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

California State Fund Declaring 15% Dividend for 2024 Policy Year

Insurance Journal

JANUARY 1, 2025

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

Policy Policyholder Compensation Premium

Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut

Insurance Journal

MARCH 3, 2025

The nonprofit company also announced its highest-ever policyholder dividend of $55 million for 2025. Chesapeake Employers’ Insurance Co. has filed for an 8% net rate decrease with the Maryland Insurance Administration (MIA) effective April 1, 2025. It is the eighth …

Workers Comp

Workers Comp Policyholder Insurer Insurance

What Is Employers Liability Insurance?

Property Insurance Coverage Law

AUGUST 30, 2024

It’s distinct from workers’ compensation insurance; workers’ comp (as it’s often called) provides benefits to employees who are injured on the job, while employer’s liability insurance covers the employer’s legal costs and potential damages if an employee … The post What Is Employers Liability Insurance?

Liability Insurance

Liability Insurance Liability Workers Comp Workers Compensation Insurance

Pinnacol Assurance Giving $15M Dividend to Colorado Businesses

Insurance Journal

MARCH 27, 2025

Pinnacol Assurance announced its 2025 general dividend will return roughly $15 million to more than 47,000 workers’ compensation insurance policyholders across Colorado. Th dividend marks the 10th consecutive year Pinnacol has returned dividends to Colorado businesses. The 2025 dividend, which …

Policyholder

Policyholder Compensation Workers Compensation Insurer

CannGen Launches Workers’ Comp Program Through Crum & Forester

Insurance Journal

MARCH 13, 2025

CannGen Insurance Services LLC is now offering workers’ compensation coverage for the legal cannabis industry through specialty insurance provider Crum & Forster. CannGen policyholders can access C&F Connect, an online portal designed … The program is available in all 50 states.

Workers Comp

Workers Comp Policyholder Compensation Workers Compensation

NCIGF Moves Aheadto Support Insurers

Triple-I: Workers Compensation

JULY 22, 2024

State guaranty funds make up a privately funded, nonprofit state-based national system that pays covered claims up to a state’s legally allowable limits, protecting policyholders if their insurer becomes insolvent. There are 55 such funds because some states have more than one.

Workers Compensation

Workers Compensation Insurer Insurance Insured

Blog Post: DIR Announces 2025 California Workers’ Comp User Funding Assessment Rates

LexisNexis

DECEMBER 2, 2024

Oakland, CA -- The California Department of Industrial Relations (DIR) has issued the 2025 assessments that workers’ compensation insurers are required to collect from policyholders to cover the budget of the state Division of Workers’ Compensation (DWC) and five related programs set up by state lawmakers.

Workers Comp

Workers Comp Workers Compensation Policyholder Premium

5 Best Practices for Effective Claims Reviews

Risk Management Monitor

SEPTEMBER 21, 2021

Another company may have an unusually high experience modification rate that they want to bring down by reducing the frequency of worker injuries. The policyholder’s unique objectives should drive decisions about how often to conduct the claims reviews, what types of claims to include and where to dive into the greatest detail.

Claim

Claim Injury Workers Compensation Risk

2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Triple-I: Business Insurance

AUGUST 11, 2022

Social inflation” refers to the impact of litigation costs on insurers’ claim payouts, loss ratios, and, ultimately, how much policyholders pay for coverage. Kurtz said the workers’ compensation line’s multi-year run of underwriting profits is expected to continue, although margins are likely to shrink further through 2024.

Underwriter

Underwriter Underwriting Workers Compensation Premium

Manufacturing & Distribution Risk Considerations in Response to COVID-19

Scott Insurance

APRIL 21, 2020

Proper Disclosure to Your Insurance Provider Insurance policies outline terms and conditions of coverage, including what responsibilities the policyholder must comply with in order to maintain coverage. These conditions include notification requirements, including timeliness, of any material change in operations.

Risk

Risk Liability Underwriter Underwriting

Insurance Industry Brief

HEMIC in Hawaii Issuing $5 Million Dividend to Policyholders

MEMIC Recognizes Three NE Agencies for Service to Policyholders

Trending Sources

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

California State Fund Declaring 15% Dividend for 2024 Policy Year

Maryland’s Largest Workers Comp Insurer Files for 8% Rate Cut

What Is Employers Liability Insurance?

Pinnacol Assurance Giving $15M Dividend to Colorado Businesses

CannGen Launches Workers’ Comp Program Through Crum & Forester

NCIGF Moves Aheadto Support Insurers

Blog Post: DIR Announces 2025 California Workers’ Comp User Funding Assessment Rates

5 Best Practices for Effective Claims Reviews

2022 P&C Underwriting Profitability Seen Worsening as Inflation, Hard Market Persist

Manufacturing & Distribution Risk Considerations in Response to COVID-19

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