Boca Raton, FL – NCCI recently releases its Insights Report, 2021 Marijuana Legalization Update: Five Things You Need to Know – detailing marijuana legislation in more than 20 jurisdictions and at the federal level. NCCI noted that while COVID-19 continues to be the hot topic for workers compensation in 2021, the legalization of marijuana and… [Read more]
Association, Rating & Research News
IAIABC Issues Call for Candidates for Board of Directors
Middleton, WI – The IAIABC recently announced it is calling for candidates for its Board of Directors, the governing body of IAIABC. The Board determines the vision, mission, and strategic direction for the Association, so it has an important role in charting the future of the organization. The existing Board is comprised of talented, knowledgeable… [Read more]
CA WCIRB Releases Report on Losses and Expenses for Calendar Year 2020
Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its report on workers’ compensation losses and expenses for 2020. Key findings in the report include: Medical losses paid in 2020 were $4.2 billion, or 53 percent of total loss payments. Indemnity benefits paid in 2020 were $3.7 billion, or 47… [Read more]
IAIABC to Launch New Online Education Service in 2022
Middleton, WI – The International Association of Industrial Accident Boards and Commissions (IAIABC) recently announced it will be launching [email protected], a new online education service, in 2022. [email protected] will help meet the workers’ compensation professional development, education, and training needs of its member organizations. Members have increasingly turned to the IAIABC to support their staff… [Read more]
NCCI Releases Insights Report: COVID-19 and Workers’ Comp – What We Know Now
Boca Raton, FL – NCCI recently announced the release of a new Insights Report, COVID-19 and Workers Compensation – What We Know Now, which details COVID-19 claims data reported to NCCI so far and brings the ultimate impact the pandemic may have on WC costs more into focus. In early 2020, COVID-19 seemed like a… [Read more]
AM Best Affirms Credit Ratings of AMERISAFE, Inc. and Operating Subsidiaries
Oldwick, NJ -(BusinessWire)- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of American Interstate Insurance Company (Omaha, NE), Silver Oak Casualty, Inc. (Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group or… [Read more]
The Hartford Study: Employers Recognize Mental Health Issue, Report Stigma Prevents Treatment
Hartford, CT – New research from The Hartford found 70% of employers now recognize employee mental health is a significant workplace issue, and 72% said stigma associated with mental illness prevents U.S. workers from seeking help. Also, 52% of employers said they are experiencing significant or severe workplace issues due to substance misuse or addiction… [Read more]
NCCI Releases Insights Report on PTSD & Impact on Future Workers’ Comp Costs
Boca Raton, FL – NCCI recently released a new Insights report, noting that mental health disorders have emerged as a potentially significant factor in workers compensation (WC). The article focuses on potential impacts that post-traumatic stress disorder (PTSD), a mental health condition that some people develop after they experience a shocking, scary, or dangerous event,… [Read more]
Quest Diagnostics: Marijuana Workforce Drug Test Positivity Continues Double-Digit Increases
Secaucus, NJ – The COVID-19 pandemic did not dampen workforce drug testing positivity for marijuana, which continued to increase last year in the general U.S. workforce, according to a new analysis released by Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services. This study is thought to be the first large-scale analysis… [Read more]
NCCI Releases New Insights on Burn Injuries in Workers’ Comp – Catastrophic Claim Management
Boca Raton, FL – NCCI recently released a new Insights report entitled Workers Compensation Burn Injuries – Catastrophic Claim Management – What’s New, which highlights contributing factors to the high medical costs associated with burn-related mega-loss claims. The report was authored by NCCI expert, Victor Wong, and Paradigm’s chief medical officer and senior vice president, Dr.… [Read more]