Oldwick, NJ -(BusinessWire)- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Omaha National Insurance Company (ONIC) (Omaha, NE). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect ONIC’s balance sheet strength, which AM Best assesses as very strong,… [Read more]
Association, Rating & Research News
New WCRI CompScope Benchmarks Include Early Look at Impact of COVID-19
Cambridge, MA – The Workers’ Compensation Research Institute recently announced the release of the 22nd edition of its CompScope™ Benchmarks reports, which measure the performance of 18 state workers’ compensation systems, how they compare with each other, and how they have changed over time. The reports are designed to help policymakers and others benchmark state… [Read more]
CA WCIRB Submits September 1, 2022 Pure Premium Rate Filing to CDI
Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently submitted its September 1, 2022 Pure Premium Rate Filing to the California Department of Insurance (CDI). The filing, submitted April 29th, proposes advisory pure premium rates that are, on average, 7.6 percent above the average approved September 1, 2021 advisory pure premium… [Read more]
WCRI & IAIABC Release New Edition of Report on Workers’ Comp Laws in US and Canada
Cambridge, MA – WCRI recently announced that an essential tool to identify the similarities and distinctions between workers’ compensation regulations and benefit levels in U.S. states and Canadian provinces is now available from WCRI and the International Association of Accident Boards and Commissions (IAIABC). In Canada and the United States, workers’ compensation is entirely under… [Read more]
IAIABC NextGen Awards Nominations Now Open
Middleton, WI – The International Association of Industrial Accident Boards and Commissions (IAIABC) recently opened nominations for its 6th Annual NextGen Awards. The IAIABC NextGen Awards recognize individuals under the age of 40 who are having a positive impact on the workers’ compensation industry and are doing exemplary work for their organizations. The IAIABC NextGen… [Read more]
RIMS Announces Gary Labranche as New CEO
New York, NY – RIMS recently announced Gary LaBranche, FASAE, CAE as the Society’s new Chief Executive Officer. LaBranche will succeed longstanding RIMS CEO Mary Roth who announced her retirement in late-2021 after 37 years of service with RIMS. LaBranche will assume his new role on June 1, 2022. Since March 2017, Gary LaBranche has… [Read more]
AM Best Upgrades Credit Ratings of Members of AmFed Insurance Group
Oldwick, NJ -(BusinessWire)- AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings to “a” (Excellent) from “a-” (Excellent) of AmFed National Insurance Company and its 100% reinsured subsidiaries, AmFed Casualty Insurance Company and AmFed Advantage Insurance… [Read more]
AM Best Assigns Credit Ratings to Manufacturing Technology Mutual Insurance Company
Oldwick, NJ -(BusinessWire)- AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Manufacturing Technology Mutual Insurance Company (MTM) (Novi, MI). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect MTM’s balance sheet strength, which AM assesses as very strong,… [Read more]
NCCI Releases Q3 2021 Update to Medical Indicators and Trends Dashboard
Boca Raton, FL – NCCI recently released the the Medical Indicators & Trends Dashboard—Q3 2021 Edition as part of its ongoing strategy to deliver more medical data insight for analysis. The dashboard provides an interactive way to visualize medical services provided before and after the spread of the pandemic with early reporting of 2021 data… [Read more]
NSC Releases Paper to Help Employers Build Business Case for Safety Innovation
Itasca, IL – The National Safety Council recently released through its Work to Zero initiative a new white paper: Making the Business Case for Safety Innovation. The report builds on the initiative’s initial 2020 research and outlines how employers can calculate and leverage the lifesaving and cost-saving benefits of safety technology in the workplace. “We… [Read more]