CAMBRIDGE, MA,–WorkCompWire– October 20, 2010 – The International Association of Accident Boards and Commissions (IAIABC) and the Workers Compensation Research Institute (WCRI) are pleased to announce the publication of a comparison of workers’ compensation laws in all U.S. states, as well as some Canadian providences, Workers’ Compensation Laws, 3rd Edition. These comparisons, originally created by… [Read more]
Association, Rating & Research News
Workers’ Compensation Medical Costs Per Claim Were Higher in North Carolina; Higher Payments to Hospitals Targeted by 2009 Fee Schedule Changes, Says WCRI Study
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Medical costs per workers’ compensation claim were among the highest in a study of 15 states, according to a report by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI said that several factors led to the higher cost per claim in the state, including higher payments to hospital… [Read more]
Key Resource for Workers’ Comp Professionals Provides In-Depth Description of Workers’ Compensation System Features
CAMBRIDGE, Mass.–(BUSINESS WIRE)–The International Association of Accident Boards and Commissions (IAIABC) and the Workers Compensation Research Institute (WCRI) are pleased to announce the publication of a comparison of workers’ compensation laws in all U.S. states, as well as some Canadian providences, Workers’ Compensation Laws, 3rd Edition. These comparisons, originally created by the U.S. Department… [Read more]
A.M. Best Affirms Ratings of Service Insurance Group and Service Life & Casualty Company
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Service Insurance Group (SIG) and its member, Service Lloyds Insurance Company. Concurrently, A.M. Best has affirmed the FSR of B+ (Good) and ICR of “bbb-” of Service Life & Casualty Insurance Company… [Read more]
Medical Costs for Florida Workers’ Comp Claims Stabilized; Result of 2003 Fee Schedule Reforms, WCRI Study Reports
CAMBRIDGE, MA,–WorkCompWire– September 2, 2010 – Reform of Florida’s workers’ compensation fee schedule in 2003 achieved its intended results, significantly increasing the prices paid for physician services and reducing the average payment per service for hospital outpatient services, according to a study by the Workers Compensation Research Institute (WCRI). These offsetting trends resulted in stabilizing… [Read more]
Medical Payments per Claim in California Grew Again after Period of Large Post-Reform Decreases
CAMBRIDGE, MA,–WorkCompWire– August 31, 2010 – Medical costs per workers’ compensation claim in California grew nine percent in 2007 after large decreases from the reforms in prior years, according to a new study from the Workers Compensation Research Institute (WCRI). The study, Monitoring the Impact of Regulatory Changes in California: CompScope™ Medical Benchmarks, 10th Edition,… [Read more]