Cambridge, MA – A new report from the Workers Compensation Research Institute (WCRI) recently found that the average medical payment per claim (regardless of the claim maturity and claim base [all claims or lost-time claims]) decreased about 33 percent between 2014 and 2017 in Delaware, which was the main goal of House Bill (HB) 373.… [Read more]
Association, Rating & Research News
Free WCRI Webinar to Focus on Latest Drug Trends in 28 States
Cambridge, MA – The Workers Compensation Research Institute (WCRI) will host a free 45-minute webinar on Sept. 29, 2022, at 2 p.m. ET on its FlashReport, Interstate Variation and Trends in Workers’ Compensation Drug Payments: 2018Q1 to 2021Q1. Two of the study’s authors, Dr. Vennela Thumula and Dongchun Wang, will discuss its key findings and… [Read more]
Enlyte Releases Part Four of Mitchell Pharmacy Solutions Drug Trends Series Report
San Diego, CA – Enlyte recently released the fourth portion of its Mitchell Pharmacy Solutions Drug Trends Series Report, which analyzes the state of pharmacy trends in workers’ comp. In part four of the series, Mitchell explores trends in “High Impact Classes” including drug categories like topicals, compound kits, combo packs, and specialty medications, which… [Read more]
AM Best Upgrades Credit Ratings of Forestry Mutual Insurance Company
Oldwick, NJ -(BusinessWire)- AM Best has upgraded the Financial Strength Rating to A- (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to “a-” (Excellent) from “bbb+” (Good) of Forestry Mutual Insurance Company (FMIC) (Raleigh, NC). The outlook of these Credit Ratings (ratings) has been revised to stable from positive. The ratings reflect FMIC’s… [Read more]
Workers’ Compensation Benchmarking Study Releases Ninth Annual Report
Chicago, IL – As modern workplaces continue to evolve in light of the COVID-19 pandemic, so too must workers’ compensation claims organizations in order to achieve optimal outcomes. Yet, standing in the way are deeply entrenched challenges that more than 3,300 claims leaders and frontline professionals have brought to the forefront in previous Workers’ Compensation… [Read more]
NCCI Releases 2022 Regulatory and Legislative Trends Report, New Dashboards
Boca Raton, FL – NCCI recently released its 2022 Regulatory and Legislative Trends report, which provides an overview of key legislative, regulatory, and other developments affecting the workers compensation system. The information aligns with the legislative cycle to include the latest countrywide, regional, and individual state actions and trends as of July 31, 2022. Key… [Read more]
AM Best Affirms Credit Ratings of Zenith National Insurance Group’s Members
Oldwick, NJ -(BusinessWire)- AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of Zenith Insurance Company and ZNAT Insurance Company, which are members of Zenith National Insurance Group (Zenith National) and are domiciled in Woodland Hills, CA. The outlook of these Credit Ratings (ratings)… [Read more]
AM Best Affirms Credit Ratings of SUNZ Insurance Company
Bradenton, FL – SUNZ Insurance CEO Steve F. Herrig recently announced that AM Best affirmed the Financial Strength Rating of “A-” (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to SUNZ Insurance Company. The outlook of these Credit Ratings (ratings) is stable. The ratings reflect SUNZ Insurance Company’s balance sheet strength, operating performance,… [Read more]
ASSP: CPWR Survey Uncovers Key Findings on Falls From Height
Park Ridge, IL – Working at height is inherently hazardous, exposing workers to significant risks that range from falls from roofs, scaffolding and ladders to slips through floor and roof openings. And the lack of use of personal protective equipment – and its misuse at times – greatly increases those risks. A survey conducted last… [Read more]
WCRI Study: Psychosocial Factors Can Act as Barriers to Recovery
Cambridge, MA – As concerns about behavioral health problems increased in recent years, the Workers Compensation Research Institute (WCRI) heard through system stakeholder interviews that early screening for psychosocial risk factors is important to prevent delayed recovery. “The COVID-19 pandemic put a spotlight on the importance of behavioral health,” said John Ruser, president and CEO… [Read more]