AMAXX

NOVEMBER 5, 2024

Michael Stack, CEO of Amaxx LLC, is an expert in workers’ compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers’ compensation costs by 20% to 50%.

Workers Compensation 93

Workers Compensation Compensation Claim Workers Comp 93

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 147

Workers Comp Premium Compensation Workers Compensation 147

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. What Is Workers’ Comp? What Does Workers’ Comp Cover?

Workers Comp 52

Workers Comp Protection Workers Compensation Commercial Umbrella 52

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 259

Workers Comp Compensation Workers Compensation Insurance 259

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 82

Injury Workers Compensation Compensation Workers Comp 82

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 72

Workers Comp Claim Workers Compensation Compensation 72

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. Benefits for Employees For employees, the assurance that workers' comp insurance provides cannot be overstated.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Workers Comp 52

Simply Insurance

NOVEMBER 13, 2024

What is Workers Compensation Insurance and How Does It Work in the US? Workers Compensation Insurance is a crucial safety net for both employees and employers in the United States. It serves as a form of insurance that provides wage replacement and medical benefits to employees injured in the course of employment.

Workers Comp 52

Workers Comp Workers Compensation Insurance Workers Compensation Compensation 52

AMAXX

AUGUST 21, 2024

5 Reasons Why Workers’ Compensation Reserves Are Higher Than Expected: 1. Disability Rating Adjustments: If the employee’s disability rating is higher or lower than initially predicted, this will affect the compensation they are entitled to, necessitating a reserve adjustment. Is the Cost for the Claim for Life?

Workers Compensation 89

Workers Compensation Compensation Workers Comp Injury 89

AMAXX

AUGUST 7, 2024

The higher the risk, the higher the workers’ compensation premium for that classification. These rules are established by rating organizations like the National Council on Compensation Insurance (NCCI) in most states, though some states have their own rating bureaus.

Workers Compensation 72

Workers Compensation Compensation Workers Comp Premium 72

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 84

Workers Compensation Compensation Injury Workers Comp 84

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 75

Workers Compensation Compensation Workers Comp Injury 75

LexisNexis

OCTOBER 23, 2024

million Californians were prescribed opioids between 2017 and 2023, with workers’ comp patients accounting for 1.1% of the population), while the number of workers’ comp patients prescribed opioids fell 62% from 91,620 in 2017 to 34,744 in 2023. Key findings include: Nearly 22.3 of that total. million in 2017 (17.3%

Workers Comp 40

Workers Comp Workers Compensation Compensation Building 40

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 40

Workers Comp Workers Compensation Policyholder Premium 40

Insurance Journal

JULY 15, 2024

Brian Kemp has reaapointed Neera Bahl to another term on the state Board of Workers’ Compensation. Georgia Gov. The three-member board, which includes Director Benjamin Vinson and Chairman Frank McKay, acts as the appeals panel, hearing appeals from administrative law …

Workers Comp 278

Workers Comp Compensation Workers Compensation 278

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 262

Workers Comp Compensation Insurance Claim Claim 262

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 263

Workers Comp Premium Compensation Workers Compensation 263

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 277

Premium Workers Comp Compensation Workers Compensation Insurance 277

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 278

Workers Comp Claim Compensation Workers Compensation Insurance 278

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 290

Workers Comp Premium Compensation Insurance 290

Insurance Journal

SEPTEMBER 19, 2024

A Washington man who claimed he was too injured to work while operating a metal fabrication shop faces a felony charge in an alleged $340,000 workers’ compensation scam. Travis Lee Johnson, 52, of Spokane Valley, pleaded not guilty recently to …

Workers Comp 264

Workers Comp Compensation Claim Workers Compensation 264

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 279

Workers Comp Cyber Compensation Risk 279

Insurance Journal

OCTOBER 14, 2024

In one of the most pro-subrogation decisions in a generation, the Nevada Supreme Court has overnight turned Nevada into one of the most favorable states for workers’ compensation subrogation. With the stroke of a pen, the court in its Sept.

Workers Comp 262

Workers Comp Compensation Workers Compensation Liability 262

Insurance Journal

JULY 17, 2024

Workers’ compensation claim rates and benefits paid in Minnesota continue to be stable or follow their long-term downward trajectories, a new Department of Labor and Industry (DLI) report shows. The 2024 Minnesota Workers’ Compensation System Report presents trend data regarding …

Workers Comp 263

Workers Comp Compensation Claim Workers Compensation 263

Insurance Journal

NOVEMBER 25, 2024

Alex Swedlow said he plans to retire from his post as president of the Oakland-based California Workers’ Compensation Institute. He is stepping down from the helm of CWCI effective August 2025. Swedlow’s retirement caps a 37-year association with the institute …

Workers Comp 147

Workers Comp Compensation Workers Compensation 147

Insurance Journal

AUGUST 12, 2024

The South Carolina Court of Appeals has signaled that employers who offer on-site health clinics may not be immune from tort claims from injured or sickened workers. It’s the latest twist to a question that has bounced around courts and …

Workers Comp 264

Workers Comp Protection Claim Workers Compensation 264

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 263

Workers Comp Compensation Premium Workers Compensation 263

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 278

Workers Comp Compensation Workers Compensation Insurance 278

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 246

Workers Comp Claim Workers Compensation Insurance 246

Insurance Journal

NOVEMBER 14, 2024

A Washington man is being charged in a felony in a $28,000 workers’ compensation scam after a trip the gym seemingly exposed him. Omid Mohammadi Dashti, 41, of Renton, was charged with one count of first-degree theft. He’s accused of …

Workers Comp 130

Workers Comp Theft Compensation Workers Compensation 130

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

Workers Compensation 59

Workers Compensation Premium Compensation Workers Comp 59

Insurance Journal

OCTOBER 16, 2024

A man banned for life from the California workers’ compensation system after being twice convicted of fraud was charged with billing nearly $100 million as part of an extensive workers’ comp fraud scheme. David Fish was charged along with a …

Workers Comp 279

Workers Comp Compensation Workers Compensation 279

Insurance Journal

OCTOBER 7, 2024

Migraine drugs represent a small percentage of prescriptions dispensed to injured workers in California, but they make up a larger share of workers’ compensation drug payments, a new report shows. Fewer than 1% of all prescriptions dispensed to injured California …

Workers Comp 263

Workers Comp Compensation Workers Compensation 263

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 261

Workers Comp Compensation Workers Compensation Insurance 261

Triple-I: Workers Compensation

JUNE 10, 2024

William Nibbelin, Senior Research Actuary, Triple-I The recent National Council on Compensation Insurance (NCCI) Annual Insights Symposium (AIS) in Orlando, Fla., provided important context and clarity around the state of the workers compensation line of business. most profitable) in the past five years.

Workers Comp 40

Workers Comp Workers Compensation Compensation Claim 40

LexisNexis

OCTOBER 8, 2024

Oakland, CA – Migraine Drugs represented less than 1% of all prescriptions dispensed to California injured workers in 2023 but they consumed 4.7% of California workers’ compensation prescriptions filled in 2023, that was up from 0.2% of the California workers’ comp Migraine Drug spend and by 2021 it represented 8.8%

Workers Comp 40

Workers Comp Workers Compensation Compensation Injury 40

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 115

Liability Insurance Liability Workers Comp Workers Compensation Insurance 115