Insurance Journal

NOVEMBER 19, 2024

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned to these ratings is stable. AM Best …

Workers Compensation 150

Workers Compensation Compensation Insurer Insured 150

Boyle Agency Insurance

SEPTEMBER 20, 2024

Workers Compensation Insurance – Essential For Business Owners And Employees Workers Compensation Insurance is required for businesses with more than one employee. If you own a business that has a work environment that’s a bit insecure, make sure you have a Workers Compensation Insurance policy in place.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insurance 52

Insurance Journal

SEPTEMBER 5, 2024

The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average. The new lower rates will apply to voluntary market policies effective on or after …

Workers Compensation 211

Workers Compensation Compensation Policy Insurer 211

Insurance Journal

NOVEMBER 17, 2024

Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.4%, and the residual market will …

Workers Compensation 130

Workers Compensation Compensation Insurer Insured 130

Insurance Journal

JULY 21, 2024

Postal Service employee in Delaware who defrauded taxpayers of almost $100,000 in workers’ compensation benefits has been sentenced to probation. Lakisha Hines was sentenced Thursday after pleading guilty in March to one count of federal employee compensation … A former U.S.

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Workers Compensation Compensation 218

Insurance Journal

JULY 16, 2024

An Amazon distribution center worker in Virginia whose job entailed repetitive lifting and stowing of items every day and who suffered rotator cuff tears has been denied workers’ compensation benefits because she failed to prove her injury resulted from an …

Workers Compensation 263

Workers Compensation Compensation Injury 263

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. Visit Amaxx Workers’ Comp Training Center for more insights and resources on effective workers’ compensation management.

Workers Compensation 82

Workers Compensation Compensation Workers Comp Injury 82

Insurance Journal

JULY 30, 2024

Did New York lawmakers intend the Child Victims Act (CVA) that revived old claims of sexual abuse to apply to claims by employees that would previously have been handled by the workers’ compensation system? It’s the responsibility of the state’s …

Workers Compensation 249

Workers Compensation Compensation Claim 249

Simply Insurance

SEPTEMBER 16, 2024

Discover the factors that influence the cost of workers' compensation insurance, including industry type, employee roles, and state regulations. Learn how to estimate your premiums and find ways to save on coverage while ensuring your business is protected.

Workers Compensation Insurance 59

Workers Compensation Insurance Workers Compensation Compensation Premium 59

Insurance Journal

SEPTEMBER 30, 2024

Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the recommendation is approved, it would mark the eleventh …

Workers Compensation 147

Workers Compensation Compensation Risk Insurer 147

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 92

Workers Compensation Compensation Claim Workers Comp 92

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 52

Workers Compensation Insurance Workers Compensation Compensation Workers Comp 52

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.

Workers Compensation 84

Workers Compensation Compensation Injury Workers Comp 84

Simply Insurance

SEPTEMBER 18, 2024

Discover the factors that influence the cost of aviation workers compensation insurance, including coverage options, industry risks, and tips for finding the best rates for your business.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insurance 52

InsuranceBee

MAY 24, 2024

When it comes to cleaning businesses, one of the most common questions we’re asked is: do janitors need workers’ compensation insurance? The post Why janitors need workers’ compensation insurance appeared first on InsuranceBee Blog. It protects your employees if they get injured or hurt while working for you.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insurance 52

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 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

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 88

Workers Compensation Compensation Workers Comp Injury 88

LexisNexis

OCTOBER 10, 2024

Rassp, Presiding Judge, WCAB Los Angeles, California Division of Workers’ Compensation Disclaimer: The material and any opinions contained in this article are solely those of the authors and are not the opinions of the Department of Industrial Relations, Division of Workers’ Compensation, or the WCAB, or any other entity or individual.

Workers Compensation 75

Workers Compensation Compensation Workers Compensation Insurance Injury 75

Insurance Journal

OCTOBER 14, 2024

In the complex world of Workers’ Compensation and General Liability (GL) insurance, underwriters face the challenge of managing diverse carrier systems while ensuring compliance and maintaining efficiency. This post is part of a series sponsored by Selectsys. To overcome these …

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Underwriter Underwriting Workers Compensation Compensation 130

Insurance Journal

AUGUST 8, 2024

The number of workers’ compensation claims for student-on-school-employee assault dropped significantly during the 2023-24 school year, according to data from Gallagher Basset. This change comes after two years of increasing claims following the 2020-21 school year. Citing client numbers covering …

Workers Compensation 147

Workers Compensation Compensation Claim Risk 147

AMAXX

SEPTEMBER 16, 2024

FREE DOWNLOAD: “Step-By-Step Process To Master Workers’ Comp In 90 Days” Document the Incident All workplace injuries should be properly documented as soon as possible. Proper documentation not only aids in managing the workers’ compensation claim but also helps protect the employer against potential legal challenges.

Injury 82

Injury Workers Compensation Compensation Workers Comp 82

LexisNexis

OCTOBER 22, 2024

By Julius Young, Richard Jacobsmeyer, Barry Bloom, Editors-in-Chief for Herlick, California Workers’ Compensation Handbook [Note: This article is excerpted from the upcoming 2025 edition of Herlick, California Workers’ Compensation Handbook. The AI revolution is starting to come to workers’ compensation.

Workers Compensation 40

Workers Compensation Compensation Claim Injury 40

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

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

JULY 16, 2024

Frank Fasano, Director of Sales at ToughComp, a PCF business, shares insight from his years of experience working within industries that experience challenges finding affordable workers’ compensation policies. This post is part of a series sponsored by PCF Insurance Services.

Workers Compensation 208

Workers Compensation Compensation Risk Policy 208

Insurance Journal

AUGUST 5, 2024

million workers compensation claims reveals the costliest claims are driven by the most common workplace accidents, according to Travelers 2024 Injury Impact Report. Analysis of 1.2 The data also shows first-year employees are still among those most vulnerable to injury.

Workers Compensation 293

Workers Compensation Claim Injury Compensation 293

Insurance Journal

JULY 14, 2024

reduction in workers’ compensation rates–a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. Massachusetts businesses will see an average 14.6% The lower rates go into effect on July 1, 2024.

Workers Compensation 130

Workers Compensation Compensation Insurance Industry Insurer 130

LexisNexis

OCTOBER 8, 2024

COMPLEX EMPLOYMENT ISSUES FOR CALIFORNIA WORKERS' COMPENSATION A new softbound supplement to Rassp & Herlick, California Workers’ Compensation Law 284 pages PIN #0006801214509 For current pricing and to order, call 800-543-6862. What constitutes an independent contractor?

Workers Compensation 40

Workers Compensation Compensation Workers Compensation Insurance Liability 40

New Jersey Workers' Comp

AUGUST 22, 2024

The New Jersey Division of Workers’ Compensation has historically assessed against employers the obligation to pay 60% of the fee of the injured worker. Injured workers pay 40% of the fee of their own attorney in New Jersey. This new counsel fee legislation affects both parties and petitioners’ attorneys.

Workers Compensation 52

Workers Compensation Compensation Claim 52

LexisNexis

SEPTEMBER 17, 2024

Hamilton, Former Assistant Secretary and Deputy Commissioner, California Workers’ Compensation Appeals Board Over the past several decades California has implemented broad legislative changes aimed at lowering the costs associated with workers’ compensation, especially medical expenditures. Mueller, K.L, Mueller, K.L,

Workers Compensation 74

Workers Compensation Claim Compensation Injury 74

AMAXX

JULY 1, 2024

Issues concerning permanent total disability (PTD) benefits are a significant cost driver in workers’ compensation claims. When facing these claims, members of the claim management team and other interested stakeholders need to identify the issues early on, evaluate and develop defenses, and avoid costly mistakes.

Workers Compensation 52

Workers Compensation Compensation Workers Comp Injury 52

LexisNexis

SEPTEMBER 9, 2024

Robinson, co-author, Larson’s Workers’ Compensation Law Editorial Note: All section references below are to Larson’s Workers’ Compensation Law, unless otherwise indicated. Iowa’s Private Employer Drug Testing Rules Do Not Apply to Post-Injury Testing in Workers’ Compensation Claims. By Thomas A.

Workers Compensation 40

Workers Compensation Compensation Injury Workers Comp 40

Insurance Journal

OCTOBER 20, 2024

Workers’ compensation medical payments per claim in California were 10% below the median state of a 17-state study sample for claims with experience through March 2023, a study from the Workers Compensation Research Institute shows. The WCRI study, CompScope Medical …

Workers Compensation 147

Workers Compensation Compensation Claim 147

AMAXX

JULY 29, 2024

Claims Management Oversee the workers’ compensation claims process, ensuring timely filing and follow-up. 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 52

Workers Compensation Injury Compensation Workers Comp 52

Insurance Journal

NOVEMBER 3, 2024

Workersi compensation medical payments per claim in California were 10% below the median state of a 17-state study sample for claims with experience through March 2023, a study from the Workers Compensation Research Institute shows. The WCRI study, CompScope Medical …

Workers Compensation 147

Workers Compensation Compensation Claim 147

New Jersey Workers' Comp

MAY 6, 2024

I had the pleasure of Speaking on Law Day in Plainfield Workers’ Compensation Court on May 1, 2024 and wanted to share with readers part of the discussion in our session, namely the discussion of the New Jersey authorized vehicle rule contained in N.J.S.A. I also want to thank my co-presenter Rick Rubenstein, Esq.,

Workers Compensation 40

Workers Compensation Compensation Injury Theft 40