Oldwick, NJ -(BusinessWire)- AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Amerisure Mutual Insurance Company (Amerisure Mutual), Amerisure Insurance Company and Amerisure Partners Insurance Company (Amerisure Partners), all of which operate through an intercompany pooling… [Read more]
Association, Rating & Research News
Mitchell Issues 4th Quarter 2019 Industry Trends Report
San Diego, CA – Mitchell International recently released its Industry Trends Report (ITR) for the fourth quarter of 2019. Mitchell executives share insights on challenges and opportunities with emotion AI and claims, and the important value of data and analytics for claims managers. What Does Emotion AI Mean for Humans in the Claims Process? Emotion… [Read more]
Today: Free WCRI Webinar on Highlights of PA Workers’ Comp System
Cambridge, MA – William Monnin-Browder of the Workers Compensation Research Institute (WCRI) will be hosting a 30-minute webinar today, Jan. 30, 2020, at 1:00 p.m. ET as he discusses key cost drivers, trends, and the performance of the Pennsylvania workers’ compensation system as compared with 17 other states, as well as takes your questions. Mr.… [Read more]
WCRI Reports: Workers in AR, CT, FL, and GA Surveyed About Experiences After Injuries
Cambridge, MA – The Workers Compensation Research Institute (WCRI) recently released four new state reports that compare outcomes of workers injured on the job in Arkansas, Connecticut, Florida, and Georgia with outcomes in 11 other states. The outcomes examined include recovery of physical health and functioning, return to work, earnings recovery, access to medical care,… [Read more]
NCCI Releases Insights on Ratemaking Challenges in Atypical Workers’ Comp Environment
Boca Raton, FL – NCCI recently released a new Insights article on ratemaking challenges that are being faced in today’s “atypical” workers’ comp market, noting that one of the top of mind issues for insurance executives is Rate Adequacy, as covered in its Focus on 5 list for leaders in 2020. At NCCI’s Annual Issues… [Read more]
NCOIL Adopts Workers’ Compensation Drug Formulary Model Act
Manasquan, NJ – During the 2019 NCOIL Annual Meeting in Austin, TX, the organization adopted the NCOIL Workers’ Compensation Drug Formulary Model Act sponsored by Indiana Representative Matt Lehman, 2020 NCOIL President. The Model passed without objection on a voice vote by both the Workers Compensation and the NCOIL Executive Committees. The Workers’ Compensation Committee… [Read more]
AM Best Affirms Credit Ratings of Employers Holdings, Inc. and Subsidiaries
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 Employers Preferred Insurance Company and its pooled affiliates, collectively referred to as Employers Insurance Group (Employers). (See below for a detailed list of companies). Concurrently, AM Best has affirmed… [Read more]
NCCI Releases Q4 2019 Quarterly Economics Briefing
Boca Raton, FL – NCCI recently announced the release of the Q4 2019 edition of its Quarterly Economics Briefing, which examines the current state of the economy and implications for workers compensation insurance, and is separated into two sections: “Economic Outlook” and “Drilling Down”. Economic Outlook Key takeaways include: NCCI forecasts the annual average weekly… [Read more]
Jackie Secia Named CWCI Claims/Medical Director
Oakland, CA – Jacqueline (Jackie) Secia has been named the new Claims and Medical Director of the California Workers’ Compensation Institute (CWCI) according to Alex Swedlow, President of the Oakland-based research organization. Ms. Secia is a graduate of University of California, Irvine where she earned a bachelor’s degree in history. Her tenure in the California… [Read more]
CA WCIRB Releases Study on Impact of Physical Medicine on Opioid Use and Lost Time
Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released a new study, Physical Medicine Treatments and Their Impact on Opioid Use and Lost Time in California Workers’ Compensation. The study reveals insights into the overall trends and patterns of physical medicine treatment cost and utilization. It quantifies the potential substitution… [Read more]