AMAXX

MARCH 24, 2025

This post is one in a 3-part series: Part 1: Workers Comp Independent Premium Audits Explained Part 2: Workers Comp Independent Premium Audits Explained Part 3: Workers Comp Independent Premium Audits Explained To qualify for this treatment, construction employers must keep meticulous records specifying exact hours worked per classification code.

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Workers Comp Premium Workers Compensation Compensation 59

Triple-I: Workers Compensation

FEBRUARY 14, 2025

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief. The 2020 annual change in employment measured by total non-farm payroll of -5.8

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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Workers Comp Risk Workers Compensation Injury 64

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. You should consult with your insurance broker, attorney, or qualified professional.

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Workers Compensation Compensation Workers Comp Broker-Agent 98

AMAXX

SEPTEMBER 23, 2024

This repeated exposure to risk increases the likelihood that larger claims might occur in the future, which alarms underwriters. Underwriters view very large losses as rare and unlikely to repeat. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers’ Comp Training Center.

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Workers Compensation Premium Compensation Workers Comp 91

Triple-I: Workers Compensation

JULY 27, 2023

In recent years, it has been the most profitable property/casualty line of business, having experienced its sixth consecutive year of combined ratios under 90 and its ninth straight year of underwriting gains. A combined ratio below 100 represents an underwriting profit, and one above 100 represents a loss.

Workers Comp 40

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 40

Triple-I: Workers Compensation

SEPTEMBER 23, 2022

She noted that the workers comp industry was in a strong position before the pandemic and, consequently, in its aftermath. This includes seven years of underwriting profitability. Strong employment and wages are on the rise, fueling the workers comp system,” Glenn said. This is the new normal.”

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Workers Comp Workers Compensation Compensation Claim 52