AUSTIN, TEXAS — The National Association of Insurance Commissioners (NAIC) released their training schedule for the new Market Conduct Annual Statement (MCAS) collection system. “Comprehensive training will be available for both industry representatives and state regulators on the new MCAS collection system,” said John M. Huff, Chair of the Market Information Systems Task Force and… [Read more]
Association, Rating & Research News
ACIC Names New Board Chairman, Vice Chair and Board of Directors
SACRAMENTO, CALIFORNIA – During their Annual Meeting on March 22, 2011, members of the Association of California Insurance Companies (ACIC) nominated and appointed a new chair, vice chair, and board of directors. Kathleen Bissell, assistant vice president of Liberty Mutual Insurance Company has completed her two-year term as ACIC Board Chairwoman. Gregory Parini, vice president… [Read more]
NCCI Releases Study on Safe Lifting Programs and Impact on Workers Compensation Costs
The aging US population contributes in a variety of ways to workers compensation costs. For one, the workers compensation costs associated with an older workforce differ in structure and magnitude from those of a younger workforce—NCCI has analyzed these cost implications in earlier studies. An aging population also increases employment in industries and occupations that… [Read more]
NCCI Posts Residual Market 2010 State Activity Reports
NCCI has posted its 2010 Residual Market 2010 State Activity Reports. These reports provide policy counts and premium volume for individual states. The reports include: Charts illustrating the total number of policy counts and/or premium volume over the past 5 years for the same quarter each year Tables listing the top ten classification codes by… [Read more]
A.M. Best Sets April 1 Webinar on State of P&C Insurance Market (Work Comp Included)
OLDWICK, N.J.–(BUSINESS WIRE)–A panel of A.M. Best analysts will assess the state of various sectors that make up the United States and related property/casualty insurance markets in a webinar set for 2 p.m. ET Friday, April 1. Topics will include financial outlook, underwriting results, risk management issues, the impact of pricing, the role of possible… [Read more]
SNL Financial Reports U.S. P&C Insurance Market Shows Signs of Hardening
Charlottesville, VA (Vocus/PRWEB) – An SNL Financial analysis of preliminary fourth-quarter statutory insurance data finds signs that the prolonged P&C soft market is hardening, contrary to earlier reports from other insurance data providers. U.S. property and casualty industry premiums grew at their fastest rate since 2006 in response to underwriting losses and unfavorable reserve development.… [Read more]
URAC Awards Rising with Workers’ Compensation Utilization Management Accreditation
Chicago, IL – URAC, a Washington, DC-based healthcare accrediting organization that establishes quality standards for the healthcare industry, grants the Full Workers’ Compensation Utilization Management Accreditation to Rising Medical Solutions for a second time. Currently, Rising is one of just 40 companies in America with this accreditation. “Rising and URAC share a commitment to quality… [Read more]
Commission for Case Manager Certification Launches New Services to Streamline Certification, Continuing Education
MOUNT LAUREL, N.J., /PRNewswire/ — Newly board-certified case managers have typically waited six weeks or more to find out whether they passed the nation’s oldest and most respected certification exam. Now, candidates for the prestigious CCM® credential receive immediate feedback via Immediate Preliminary Scoring, one of two new services recently launched by the Commission for… [Read more]
Health Strategy Associates’ Survey Shows True Integration Missing in Workers’ Compensation Claims Systems
MADISON, CONN. — Workers’ compensation payers spend tens of thousands – even millions of dollars — upgrading and replacing their claims systems, so Health Strategy Associates (HSA) set out to capture payers’ opinions, perceptions and attitudes about them in its “First Annual Survey of Workers’ Compensation Claims Systems.” Key findings: There is a major disconnect… [Read more]
Oregon DCBS Releases Workers’ Compensation Premium Rate Ranking for Calendar Year 2010
The final, detailed report of Oregon’s 2010 Workers’ Compensation Premium Rate Ranking Study has been released. The results suggest that Oregon employers in the voluntary market pay, on average, the 41st highest workers’ compensation premium rates in the nation. Oregon’s premium rate index is $1.69 per $100 of payroll. National premium rate indices range from… [Read more]