Santa Monica, CA – RAND Corporation recently released a new Perspectives Report that examines policymakers’ initial efforts and reasoning around enabling access to workers’ compensation benefits for employees who are required to work outside their homes during the COVID-19 pandemic. The report also takes a look at the potential impact on workers, employers, and insurers… [Read more]
Association, Rating & Research News
NCCI Releases Insights Report on Legislative Trends – Questions to Consider in 2022
Boca Raton, FL – NCCI recently released a new Insights report that looks back at some of last year’s top workers compensation legislative trends and considers what’s on the horizon for 2022. As 2022 begins and states reconvene their legislative sessions the report covers questions that are top of mind, including: Are there new trends… [Read more]
CWCI: CA Workers’ Comp COVID Claims Spiked During December Omicron Surge
Oakland, CA – California workers’ comp COVID-19 claim volume continues to track with the state’s fluctuating COVID infection trends as the latest monthly count of COVID workers’ comp claims jumped 172% in December to the second highest level of the year as the Omicron variant spread rapidly across the state according to a California Workers’… [Read more]
AM Best Affirms Credit Ratings of Berkshire Hathaway Homestate Insurance Company and Its Affiliates
Oldwick, NJ -(BusinessWire)- AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of Berkshire Hathaway Homestate Insurance Company (Omaha, NE) and its five property/casualty affiliates. These companies collectively are referred to as Berkshire Hathaway Homestate Companies (BHHC). The outlook of these… [Read more]
New WCRI Study Examines Delaware Workers’ Compensation System
Cambridge, MA – The Workers Compensation Research Institute (WCRI) recently released the first edition of an annual report on measures of the Delaware workers’ compensation system. “In 2014, Delaware passed House Bill (HB) 373, which made changes to the workers’ compensation medical payment system. This report examines the Delaware system performance after the 2014 statutory… [Read more]
CA WCIRB Releases Third Quarter 2021 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, 2021. Highlights of the report include: California written premium for the first nine months of 2021 is 3 percent below that for the first nine… [Read more]
NCCI Releases New Report on Workers’ Comp Drug Formulary Implementations
Boca Raton, FL – NCCI recently announced the release of a new report, Drug Formulary Implementations – A Look at Impact on Workers Compensation Prescription Drug Experience. As more and more states look for opportunities to manage prescription drug utilization in their Workers Compensation (WC) systems, closed drug formularies continue to receive increased attention as… [Read more]
IAIABC Announces Heather Lore as Interim Executive Director
Middleton, WI – The Board of Directors of the International Association of Industrial Accident Boards and Commissions (IAIABC) recently announced that Heather Lore will become the Interim Executive Director on January 27, 2022. In this role, Ms. Lore will lead the staff in continuing the Association’s operations and members services. Ms. Lore brings more than… [Read more]
AM Best Revises Outlook to Stable for U.S. Workers’ Comp Insurance Industry
Oldwick, NJ -(BusinessWire)- AM Best has revised its market segment outlook to stable from negative for the U.S. workers’ compensation insurance market, according to a new AM Best report. The Best’s Market Segment Report, titled, “Market Segment Outlook: U.S. Workers’ Compensation,” states that the revision is based on the following factors: Unexpectedly muted impacted of… [Read more]
New WCRI Study Examines Use and Reimbursement of Telemedicine in Workers’ Comp
Cambridge, MA – With telemedicine rising as an important alternative for access to care during the pandemic, a new Workers Compensation Research Institute (WCRI) FlashReport examines the utilization patterns of telemedicine services and the prices paid for these services in workers’ compensation systems across states during the early stage of the COVID-19 pandemic. “Many anticipate… [Read more]