Boca Raton, FL – The still-evolving impacts of COVID-19 on US workers, the workers compensation industry, and the economy dominate the 2021 edition of the National Council on Compensation Insurance (NCCI) Focus on 5. For more than a decade, NCCI has conducted an annual survey probing the perspectives, needs, and challenges of insurer executives. Nearly… [Read more]
Association, Rating & Research News
AM Best Assigns Credit Ratings to Specialty Builders 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” to Specialty Builders Insurance Company (Specialty Builders) (Atlanta, GA). The outlook assigned to these Credit Ratings (ratings) is stable. Specialty Builders is a newly formed subsidiary of Builders Insurance (A Mutual Captive Company),… [Read more]
Mitchell Predicts 2021 Trends in Q4 2020 Industry Trends Report
San Diego, CA – Mitchell International recently released its fourth quarter Industry Trends Report for 2020. In the report, industry experts from across Mitchell predict and analyze the key trends that will impact 2021, providing insights that can help guide planning for organizations across the industry. “The events of 2020 have caused some lasting changes… [Read more]
AM Best Affirms Credit Ratings of UPMC Health Plan; Assigns WorkPartners National
Oldwick, NJ -(BusinessWire)- AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of UPMC Health Plan, Inc. and its affiliates: UPMC For You, Inc., UPMC Health Network, Inc., UPMC Health Coverage, Inc., UPMC Health Options, Inc. and Community Care Behavioral Health Organization… [Read more]
CA DIR, DWC Release Independent Medical Review Progress Report for 2019
San Francisco, CA – The Department of Industrial Relations (DIR) and its Division of Workers’ Compensation (DWC) recently posted a progress report on the Department’s Independent Medical Review (IMR) program. IMR is the medical dispute resolution process for the state’s workers’ compensation system that resolves disputes about the medical treatment of injured workers. The report… [Read more]
AM Best Assigns Credit Ratings to CompSource 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” to CompSource Mutual Insurance Company (CompSource Mutual) (Oklahoma City, Oklahoma). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect CompSource Mutual’s balance sheet strength, which AM Best categorizes as… [Read more]
CWCI Reviews CA Public Self-Insured Workers’ Comp Claims Experience
Oakland, CA – Initial data on fiscal year (FY) 2019/2020 public self-insured claims experience in the California workers’ compensation system show claim volume fell 6.4% compared to the prior year, but medical-only claims accounted for nearly all of that decline. Meanwhile, average indemnity payments per claim rose 16.9%, more than offsetting a 3.7% decline in… [Read more]
NSC Releases Report on How COVID-19 Will Fundamentally Alter Future of Work
Itasca, IL – A new National Safety Council report found continued remote work, increased focus on flexible work arrangements and mental health, and a renewed commitment to workplace safety to be among the most impactful workplace changes stemming from the COVID-19 pandemic. Based on in-depth interviews with safety, medical and health experts representing 13 industries,… [Read more]
NCCI Releases First Look at COVID-19 Impact on Medical Treatment in Workers’ Comp
Boca Raton, FL – NCCI recently announced the release of its first research report with insights on the medical component of 2020 claim activity, including COVID-19 claims: COVID-19’s Impact on Medical Treatment in Workers Compensation – A First Look at 2020 NCCI noted that there is no question that the COVID-19 pandemic has had and… [Read more]
NSC Announces 2021 Safety Congress & Expo Virtual Dates
Itasca, IL – Amid ongoing pandemic safety concerns, the National Safety Council will host its annual flagship event, NSC Safety Congress & Expo, as a virtual event on March 1-5, 2021. Professional Development Seminars will kick of the weeklong event on March 1-2 with additional education, networking and expo hall(s) on March 3-5. Registration for… [Read more]