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You are here: Home / Archives for Association, Rating & Research News

Association, Rating & Research News

NCCI Releases Q4 2022 Quarterly Economics Briefing

February 3, 2023 - WorkCompWire

NCCI

Boca Raton, FL – NCCI recently released its Quarterly Economics Briefing report for the fourth quarter of 2022, which addresses the critical issues impacting the US labor market and the impact of immigration on the reduced labor force. Insurance executives identified the economy and the shifting workforce/workplace as some of the top concerns for the… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Work Force & Human Resource News, Workers' Compensation

AM Best Affirms Credit Ratings of Berkshire Hathaway Homestate Insurance Co and Affiliates

February 2, 2023 - WorkCompWire

AM Best

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]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

New WCRI Study: 7 Percent of Workers with COVID-19 Claims Developed Long COVID

January 30, 2023 - WorkCompWire

WCRI

Cambridge, MA – A new study from the Workers Compensation Research Institute (WCRI) found that 7 percent of workers with COVID-19 claims received treatment for long COVID after the acute period of the infection. While long COVID prevalence was the highest among workers who were hospitalized during an acute stage of disease, even some workers… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

Workers Compensation System and NCCI Begin Milestone Year

January 26, 2023 - WorkCompWire

NCCI

Boca Raton, FL – A milestone year for the workers compensation system has started as the National Council on Compensation Insurance (NCCI) launches its 100th anniversary celebration. NCCI was created in 1923 to foster a healthy, stable market for workers compensation. “NCCI’s mission today is the same as it was a century ago,” said Bill… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

NYSIF Releases Novel Report on Long-Term Impacts of Covid-19

January 25, 2023 - WorkCompWire

NYSIF

New York, NY – The New York State Insurance Fund (NYSIF) recently released a report analyzing its Covid-19 workers’ compensation claims to shine a light on Long Covid, a multifaceted syndrome causing new, returning, or ongoing symptoms in people after their initial infection. “As a large insurer with a public purpose, NYSIF is uniquely positioned… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Work Force & Human Resource News, Workers' Compensation

NCCI Releases Second Report on Inflation and Workers Compensation Medical Costs

January 19, 2023 - WorkCompWire

NCCI

Boca Raton, FL – NCCI recently released the second of four installments in a new series on inflation and workers compensation medical costs. In today’s ever-changing environment, there is no shortage of questions on inflation and how medical costs may be impacted. In fact, workers compensation stakeholders indicate this is one of the top-of-mind issues… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

TDI-DWC Releases Latest Update on COVID-19 in TX Workers’ Compensation System

January 12, 2023 - WorkCompWire

TDI Texas

Austin, TX – The Texas Department of Insurance, Division of Workers’ Compensation (DWC) recently released the latest update to its report that provides information on the impact of COVID-19 on the state’s workers’ compensation system. The report  provides ongoing information on COVID19 claims, including the percentage of claims that insurance carriers accepted or denied, as… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

CA WCIRB Releases Third Quarter 2022 Experience Report

January 9, 2023 - WorkCompWire

CA WCIRB

Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its Quarterly Experience Report. The report is an update on California statewide insurer experience valued as of September 30, 2022. Highlights of the report include: California written premium for the first nine months of 2022 is 15 percent above that for… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

CWCI Report Examines Trends in Utilization of Inpatient Care in CA Workers’ Comp

January 6, 2023 - WorkCompWire

CWCI

Oakland, CA – A new California Workers’ Compensation Institute (CWCI) study found that after across-the-board declines in California inpatient hospitalizations during the COVID-19 health care crisis of 2020, the number of inpatient stays paid under Medicare, Medi-Cal, and private coverage all began to rebound in 2021, but the number of workers’ compensation hospitalizations fell an… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

New WCRI Study Examines Emergency Department Use Among Injured Workers Across States

January 5, 2023 - WorkCompWire

WCRI

Cambridge, MA – A new 28-state study from the Workers Compensation Research Institute (WCRI) found substantial variation across states in the rates of emergency department (ED) use among workers seeking care for new injuries during the period from the first quarter of 2019 to the first quarter of 2021. “The substantial interstate variation in the… [Read more]

Filed Under: Association, Rating & Research News, Industry News, Top Stories, Workers' Compensation

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