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. A combined ratio under 100 indicates a profit.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

R&R Insurance

FEBRUARY 20, 2025

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. It's the same story as was originally published in 2019, just more intense! Rates in 2024 fell an average of 10.5% compared to 2023, which is the most dramatic reduction in over a decade.

Workers Compensation 52

Workers Compensation Insurance Carrier Premium Compensation 52

AMAXX

SEPTEMBER 23, 2024

These metrics are fundamental in determining the experience modification factor (often called “mod”), which ultimately influences the cost an employer will pay for workers’ compensation insurance. Underwriters view very large losses as rare and unlikely to repeat.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

Triple-I: Workers Compensation

FEBRUARY 10, 2022

Despite early “dire estimates” of how the COVID-19 pandemic might affect the workers compensation insurance sector, the system has proved to be resilient, according to Bill Donnell, president and CEO of the National Council on Compensation Insurance (NCCI).

Workers Comp 52

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 52

LexisNexis

OCTOBER 8, 2024

EMPLOYEE LEASING AGREEMENTS § 50 Background § 51 Professional Employer Organizations (PEOs) § 52 General and Special Employers: Key Issues § 53 Discovery in Employee Leasing Cases [1] Overview [2] Determine Who Paid the Leased Employee [3] Obtain the Employee Leasing Contracts [a] Generally [b] Contracts Involving Third-Party “HR (..)

Workers Compensation 40

Workers Compensation Compensation Workers Compensation Insurance Liability 40

LexisNexis

OCTOBER 10, 2024

The subcontractor does not have a contractor’s license nor workers’ compensation insurance. Does the general contractor have liability for the injured worker’s workers’ compensation benefits? Insurance Code section 11663 provides that liability for workers’ compensation insurance follows payroll.

Workers Compensation 75

Workers Compensation Compensation Workers Compensation Insurance Injury 75

Triple-I: Workers Compensation

JULY 27, 2023

Workers compensation insurance provides for the cost of medical care, rehabilitation, and wage replacement for injured workers and death benefits for the dependents of persons killed in work-related accidents. Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers.

Workers Comp 40

Workers Comp Workers Compensation Workers Compensation Insurance Compensation 40