OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of B++ (Good) and issuer credit ratings (ICR) of “bbb” of Wisconsin County Mutual Group (WCMG) and its member, Wisconsin County Mutual Insurance Corporation (WCMIC). The ratings are based on the consolidated condition of… [Read more]
Association, Rating & Research News
A.M. Best Revises Outlook to Negative for Accident Fund Group and Its Members
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and issuer credit ratings of “a” of Accident Fund Group (Accident Fund) and its members, which include Accident Fund Insurance Company of America (AFICA) and its subsidiaries, Accident Fund General Insurance Company,… [Read more]
CWCI Study Finds Most Drugs Prescribed in California Work Comp Are in the Medi-Cal Fee Schedule
San Diego, CA–WorkCompWire–California workers’ compensation prescription drug costs may be on the rise again, but not because of an increase in the use of drugs outside of the Medi-Cal fee schedule according to new research by the California Workers’ Compensation Institute. Under the workers’ compensation pharmacy fee schedule adopted in 2004, maximum reasonable fees for… [Read more]
Cost of Drugs Prescribed to Injured Workers in Minnesota Was Lowest of States Studies, Reports WCRI
CAMBRIDGE, MA, –WorkCompWire– October 28, 2010 – The cost of prescription drugs for injured workers in Minnesota was the lowest among the 17 states studied, according to a report from the Workers Compensation Research Institute (WCRI). The study by the Cambridge, MA-based WCRI found that among claims with prescriptions paid under workers’ compensation, the average payment… [Read more]
Pennsylvania Typical Workers’ Compensation Medical Payments Per Claim Driven by Lower Prices Paid, Higher Utilization for Some Nonhospital Services, Says WCRI Study
CAMBRIDGE, MA,–WorkCompWire– October 27, 2010 – Medical costs per claim for workers’ compensation claims in Pennsylvania were typical compared with other states, a Workers Compensation Research Institute (WCRI) study said. The Cambridge, Mass.-based WCRI reported that the combination of lower prices paid, but higher utilization, especially for physical medicine, drove Pennsylvania’s typical ranking for medical… [Read more]
Texas Workers’ Compensation Medical Costs Per Claim Stabilized After Four Years of Declining Costs, WCRI Study Finds
CAMBRIDGE, MA,–WorkCompWire– October 27, 2010 – After four years of decreases, medical costs per workers’ compensation claim in Texas stabilized in 2007, reflecting the impact of reforms enacted in 2001 and much of those passed in 2005, according to a study by the Workers Compensation Research Institute (WCRI). The Cambridge, Mass.-based WCRI reported that payments… [Read more]
Medical Payments Per Workers’ Compensation Per Medical Claim in Wisconsin Were Typical Among 15 States, A Result of Higher Prices Paid Offset by Much Lower Utilization, Says WCRI Study
CAMBRIDGE, MA,–WorkCompWire– October 27, 2010 – Medical payments per workers’ compensation claim in Wisconsin were typical among 15 states for 2005/2008 claims, according to a study from the Workers Compensation Research Institute (WCRI). The study, CompScopeTM Medical Benchmarks for Wisconsin 10th Edition, found that the typical medical costs per claim in Wisconsin resulted from higher… [Read more]
Key Resource for Workers’ Comp Professionals Provides In-Depth Description of Workers’ Compensation System Features
CAMBRIDGE, MA,–WorkCompWire– October 20, 2010 – The International Association of Accident Boards and Commissions (IAIABC) and the Workers Compensation Research Institute (WCRI) are pleased to announce the publication of a comparison of workers’ compensation laws in all U.S. states, as well as some Canadian providences, Workers’ Compensation Laws, 3rd Edition. These comparisons, originally created by… [Read more]
Workers’ Compensation Medical Costs Per Claim Were Higher in North Carolina; Higher Payments to Hospitals Targeted by 2009 Fee Schedule Changes, Says WCRI Study
CAMBRIDGE, Mass.–(BUSINESS WIRE)–Medical costs per workers’ compensation claim were among the highest in a study of 15 states, according to a report by the Workers Compensation Research Institute (WCRI). The study by the Cambridge, Mass.-based WCRI said that several factors led to the higher cost per claim in the state, including higher payments to hospital… [Read more]
Key Resource for Workers’ Comp Professionals Provides In-Depth Description of Workers’ Compensation System Features
CAMBRIDGE, Mass.–(BUSINESS WIRE)–The International Association of Accident Boards and Commissions (IAIABC) and the Workers Compensation Research Institute (WCRI) are pleased to announce the publication of a comparison of workers’ compensation laws in all U.S. states, as well as some Canadian providences, Workers’ Compensation Laws, 3rd Edition. These comparisons, originally created by the U.S. Department… [Read more]