NCCI recently announced the release of a new report, The COVID-19 Recession at Year-End: Perils and Prospects for 2021, as part of its Quarterly Economics Briefing for Q4 2020. The latest report reviews the state of the COVID-19 recession going into 2021, and considers what changes are likely to persist in a new, post-COVID economy.… [Read more]
Association, Rating & Research News
CA DWC Posts Report on Independent Bill Review
San Francisco, CA – The Department of Industrial Relations (DIR) and its Division of Workers’ Compensation (DWC) recently posted a progress report on the department’s Independent Bill Review (IBR) program. IBR is a process used to resolve billing disputes for medical treatment and medical-legal services provided to injured workers. The 2020 Independent Bill Review (IBR)… [Read more]
New WCRI Study Analyzes Early Impact of COVID-19 on Workers’ Compensation Claims
Cambridge, MA – A new study from the Workers Compensation Research Institute (WCRI) addresses how the massive slowdown of economic activity early in the pandemic impacted workers’ compensation, and to what extent COVID-19 claims have arisen in the workers’ compensation system. The study, The Early Impact of COVID-19 on Workers’ Compensation Claim Composition, analyzed paid… [Read more]
AM Best Affirms A “Excellent” Ratings for CopperPoint Insurance Companies
Phoenix, AZ – CopperPoint Insurance Companies, a western-based super regional commercial insurance company, announced today that AM Best has affirmed A (Excellent) ratings for CopperPoint Insurance Company, its subsidiaries, and for Alaska National Insurance Company. The outlook of these ratings remains “stable” for both financial strength and credit rating. AM Best is the most widely… [Read more]
DMEC Announces Two New Board Members
San Diego, CA – The Disability Management Employer Coalition (DMEC) recently announced that two new board members, Francis P. (Frank) Alvarez, Principal at Jackson Lewis P.C. and Jeff Oldham, Chief Revenue Officer at Nayya, have joined its Board of Directors. Michael Crowe, who has served on the Board of Directors since 2017, completed his term… [Read more]
NCCI Webinar: COVID-19 and Workers’ Compensation: Data and Insights
Boca Raton, FL – NCCI recently announced a new webinar for an engaging roundtable discussion with its experts called “COVID-19 and Workers Compensation: Data and Insights.” Attendees will get a first look at the 2020 workers compensation financial results and gain perspective on what’s ahead for 2021. This interactive webinar will feature key findings from… [Read more]
Former BLS Commissioner to Discuss Economic Impact of COVID-19 at WCRI Conference
Cambridge, MA – WCRI recently announced that Dr. Katharine Abraham, former Bureau of Labor Statistics (BLS) Commissioner and member of the President’s Council of Economic Advisers, will deliver the opening keynote at the 37th Annual WCRI Issues & Research Conference, which is being held virtually March 23 and 24, 2021. Dr. Abraham will talk about… [Read more]
Cal-SARA Targets Illegal Work Comp Insurance Practices in CA Staffing Industry
Irvine, CA – A new nonprofit trade association, the California Staffing Agency Reform Association (Cal-SARA), has been established by staffing industry leaders to clean up the current marketplace which is inundated with fraudulent and black market workers’ compensation insurance. “The increasing demand for a contingent or variable workforce, combined with the decreasing supply of employees… [Read more]
CA WCIRB Releases Third Quarter 2020 Experience Report
Oakland CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its Quarterly Experience Report, an update on California statewide insurer experience valued as of September 30, 2020. Highlights of the report include: California written premium for the first nine months of 2020 is 12 percent below that for the first nine… [Read more]
CWCI: CA COVID-19 Workers’ Comp Claim Volume Trending Up Again
Oakland, CA – With the number of confirmed coronavirus cases hitting record levels, California workers’ comp COVID-19 monthly claim volume, which fell sharply in August and September, is now trending up again, climbing 9.0% in October, then more than doubling in November according to a California Workers’ Compensation Institute (CWCI) review of claims reported to… [Read more]