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+” 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 the… [Read more]
Association, Rating & Research News
NSC Reschedules Flagship Event, NSC Congress and Expo
Itasca, IL – Amid continuing concerns about COVID-19, the National Safety Council recently rescheduled its annual flagship conference from October in Indianapolis to March 2021 in Houston. The NSC Congress and Expo has been held annually since 1912; 2020 will mark just the second time that NSC has not held an in-person Congress and Expo.… [Read more]
NCCI Releases INSIGHTS Report on Opioid Prescribing Across Industry Groups
Boca Raton, FL – NCCI recently announced the release of a new Insights report that examines workers’ comp opioid prescribing across industry groups, addressing opioid usage, claim characteristics, and trends. Strong responses to the opioid epidemic have led to decreased opioid use over the past five years. However, has the decline been consistent across industries?… [Read more]
WCRI Releases National Inventory of State Regulations Affecting Prescription Drugs
Cambridge, MA – The Workers Compensation Research Institute (WCRI) recently released a new report that gathers in one place the numerous state regulations affecting drugs prescribed to workers with injuries in all 50 states and the District of Columbia. “Across the country, states have implemented an array of different regulatory strategies, overseen by different agencies,… [Read more]
ACOEM: Opioid Use Disorder Carries Health and Productivity Costs for Employers
Elk Grove Village, IL – Employees with opioid use disorder (OUD) incur high costs for health care and reduced productivity—but costs are greatly reduced for employees who receive recommended medication-assisted therapy (MAT) for OUD, reports a study in the Journal of Occupational and Environmental Medicine. Rachel Mosher Henke, PhD, and colleagues of IBM Watson Health,… [Read more]
FL DWC Releases COVID-19 Workers’ Comp Update Report
Tallahassee, FL – The Department of Financial Services, Division of Workers’ Compensation (DWC) recently released a report on the effects of COVID-19 on Florida’s Workers’ Compensation System. Data in this report examines the areas of Claim Frequency, Claim Costs & Characteristics, Coverage Information, and Telemedicine. Claim Frequency and Claim Costs & Characteristics are workers’ compensation… [Read more]
Spencer Educational Foundation Funding Their Future Campaign Begins Monday
New York, NY – Top insurance and risk management executives are coming together in a new way to support the Spencer Educational Foundation via its inaugural Funding Their Future campaign, which runs June 15 through the end of September. The Funding Their Future Campaign is being held in lieu of Spencer’s annual gala, one of… [Read more]
AM Best Removes CIC/NAC from Under Review, Affirms Credit Ratings
Oldwick, NJ -(BusinessWire)- AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of “a” of California Insurance Company (CIC) (Foster City, CA), Continental Indemnity Company, Illinois Insurance Company, Texas Insurance Company (Dallas, TX) and Pennsylvania Insurance Company. All companies collectively… [Read more]
Mitchell Releases 2020 Q2 Industry Trends Report
San Diego, CA – Mitchell International recently released its Industry Trends Report for the second quarter of 2020. The report presents current data, important trends, and valuable recommendations for an industry still managing the impacts of COVID-19 on employees, customers and business processes. “Parts of our industry are on their way back to normal, but… [Read more]
RIMS Backs Pandemic Risk Insurance Act (HR 7011)
New York, NY – RIMS recently announced its support for H.R. 7011 the Pandemic Risk Insurance Act of 2020 (PRIA) that was introduced by Congresswoman Carolyn Maloney (D-NY) in May. Reviewed by RIMS External Affairs Committee, the proposed legislation will effectively create a Federal program that provides a transparent system of shared public and private… [Read more]