Today’s issue of WorkCompRecap features the Ohio BWC’s recent announcement that public employers will pay nearly $8 million less in premiums next year due to a rate cut that will go into effect Jan. 1, 2024. The BWC noted that the 3.9% rate reduction was made possible by declining injury claims and relatively low medical inflation costs by counties, cities, public schools, and other public taxing districts. Find out more…
Also in the news today is the announcement from CLARA Analytics and litigation management platform ClaimDeck that they have formed a strategic partnership to help carriers manage litigation rates and drive better legal outcomes by using claims data. CLARA noted that speed and accuracy in claims management have become critical for insurers to compete in a litigious environment where juries are delivering nuclear verdicts. Find out more…