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

Association, Rating & Research News

CO Workers’ Compensation Loss Cost Rates to go up in 2012

October 31, 2011 - WorkCompWire

Colorado DORA DOI

Denver – Colorado employers will see a small increase in the premiums they pay for workers’ compensation insurance in 2012. The Colorado Division of Insurance has announced that the “loss costs” component of workers’ compensation premiums will go up 3.7 percent in 2012. The 2012 increase follows an increase of 3.4 percent in 2011 after… [Continue Reading]

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

A.M. Best Posts Webinar Transcript, Playback on State of U.S. State Workers’ Comp Funds

October 26, 2011 - WorkCompWire

AM Best

OLDWICK, N.J.–(BUSINESS WIRE)–The video playback and transcript for the June 9 webinar titled, “State of the U.S. State Workers’ Compensation Funds,” is now available to view online. Workers’ compensation funds operate in many states as providers of coverage and often as insurers of last resort for employers who have difficulty in obtaining coverage. In recent years, the overall… [Continue Reading]

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

Florida Insurance Commissioner Issues Order Regarding NCCI Rate Hike

October 24, 2011 - WorkCompWire

Florida Office of Insurance Regulation

TALLAHASSEE, Fla. – Florida Insurance Commissioner Kevin McCarty today announced that he has advised the National Council on Compensation Insurance (NCCI) that he would approve their initial rate increase request of 8.9% to become effective January 1, 2012 for workers’ compensation insurance rates in Florida based on evidence submitted in NCCI’s rate filing, and during… [Continue Reading]

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

EMC Insurance Companies Donates $200K to Local Nonprofits

October 24, 2011 - WorkCompWire

EMC Insurance

DES MOINES, Iowa–(BUSINESS WIRE)–Four nonprofit organizations have been selected to receive $25,000 from the EMC Insurance Foundation in the final phase of the 100 Ways of Giving program sponsored by EMC Insurance Companies. In total, EMC is giving away $200,000 through the program, in celebration of the company’s 100-year anniversary… [Continue Reading]

Filed Under: Association, Rating & Research News, People On The Move, Top Stories

Survey Shows Minnesota Workplace Injury Rate Near all-time Low

October 23, 2011 - WorkCompWire

MN Department of Labor & Industry

Minnesota – A recent survey estimates Minnesota’s workplace injury and illness rate to be near an all-time low. According to the annual Survey of Occupational Injuries and Illnesses, the state had an estimated 3.9 nonfatal workplace injuries and illnesses per 100 full-time-equivalent (FTE) workers in 2010. This is up slightly from… [Continue Reading]

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

US Secretary of Labor Releases Statement on Decline in Workplace Injuries and Illnesses

October 20, 2011 - WorkCompWire

US Department of Labor

WASHINGTON – The U.S. Department of Labor’s Bureau of Labor Statistics today announced that nonfatal workplace injuries and illnesses among private industry employers declined in 2010 to a rate of 3.5 cases per 100 equivalent full-time workers, down from a total case rate of 3.6 in 2009. Nearly 3.1 million… [Continue Reading]

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

WA L&I Reports Workplace Injury Rates Show Continued Improvement

October 20, 2011 - WorkCompWire

WA Department of Labor and Industries

TUMWATER – Washington’s job sites were safer in 2010, continuing a trend that began nearly a decade ago, according to survey results released today by the Department of Labor & Industries. The Occupational Injury and Illness Survey for Washington State showed that… [Continue Reading]

Filed Under: Association, Rating & Research News, Claims, Legal, & Compliance News, Legislative & Regulatory News, Top Stories, Work Force & Human Resource News, Workers' Compensation

CWCI Provides Run Down on 2011 California Workers’ Comp Enacted Legislation

October 19, 2011 - WorkCompWire

California Workers Compensation Institute (CWCI)

The California Workers’ Compensation Institute (CWCI) has completed a review of 2011 legislation signed by Governor Brown and flagged 20 workers’ compensation related bills that were enacted this year. They include… [Continue Reading]

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

A.M. Best Special Report: U.S. Workers’ Comp Results Drop Once Again, Concerns Remain

October 18, 2011 - WorkCompWire

AM Best

OLDWICK, N.J.–(BUSINESS WIRE)– The U.S. workers’ compensation insurance segment continued to face the same significant hurdles throughout 2010, including competitive pricing, further rate decreases, weak macroeconomic factors, growing medical costs and an uptick in claim frequency. As a result, premium volume declined and underwriting results deteriorated yet again… [Continue Reading]

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

NCCI Publishes Research Report on Excess Loss Development in Workers’ Comp

October 13, 2011 - WorkCompWire

NCCI Holdings, Inc.

The National Council on Compensation Insurance (NCCI) recently posted a new research report on excess loss development in workers compensation insurance. Large loss and excess development is relevant to calculating excess loss factors used in retrospective rating. As part of this review of excess loss factors, NCCI investigates countrywide… [Continue Reading]

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

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