Cambridge, MA – The Workers Compensation Research Institute (WCRI) recently announced it will host a free 45-minute webinar on Thursday, June 24, 2021, at 2 p.m. ET on its FlashReport, Interstate Variation and Trends in Workers’ Compensation Drug Payments: 2017Q1 to 2020Q1. Two of the study’s authors, Dr. Vennela Thumula and Dongchun Wang, will discuss… [Read more]
Association, Rating & Research News
New ODG by MCG Whitepaper Examines Impact of COVID-19 Comorbidities on Return to Work
Austin, TX – ODG by MCG recently released a new whitepaper, The Impact of COVID-19 Comorbidities on Return to Work. In 2020, the coronavirus disease 2019 (COVID-19) pandemic had a widespread impact and presented unprecedented challenges to many sectors of business, including the healthcare system. One facet of the pandemic where evidence is still being… [Read more]
New WCRI FlashReport: Dermatological Agents and NSAIDs are Leading Prescription Cost Drivers
Cambridge, MA – A new FlashReport from the Workers Compensation Research Institute (WCRI) found that in most states, dermatological agents and nonsteroidal anti-inflammatory drugs (NSAIDs) have become more important than other drug groups as a share of total prescription payments. In the typical state, dermatological agents and NSAIDs each accounted for about 20 percent of… [Read more]
Webinar to Examine Latest Workers’ Compensation Benchmarking Study Results
Chicago, IL – Rising Medical Solutions recently announced that experts from its annual Workers’ Compensation Benchmarking Study will share the most recent research findings in a free webinar on Thursday, June 10, 2021, from 2 p.m. to 3 p.m. ET. The webinar, entitled “Normalizing Discomfort: 5 Ways to Future-Proof Your Organization,” will focus on leadership insights, as well… [Read more]
WCRI Report: Total Costs per Workers’ Comp Claim in IL Increased Less Than 3% per Year
Cambridge, MA – Total costs per workers’ compensation claim with more than seven days of lost time in Illinois have grown between 1 and 3 percent per year since 2012 (depending on the claim maturity), according to a recent study published by the Workers Compensation Research Institute (WCRI). “This growth reflects small increases in medical… [Read more]
NSC: New Mental Health Cost Calculator Shows Investing in Mental Health is Good for Business
Itasca, IL – Over 40% of Americans report increases in mental distress due to the COVID-19 pandemic, leaving employers with their own crisis, resulting in increased absenteeism, negative impacts on productivity and profits, and an increase in health care costs. Encouragingly, employers that support mental health see a return of $4 for every dollar invested… [Read more]
AM Best Revises Outlooks to Negative for MEMIC and Subsidiaries
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 Ratings of “a” (Excellent) of Maine Employers’ Mutual Insurance Company (Portland, ME) and its wholly owned subsidiaries, MEMIC Indemnity Company and MEMIC Casualty Company (both domiciled in Manchester, NH).… [Read more]
WCRI Releases 13th Edition of Free Medical Price Index for Workers’ Comp
Cambridge, MA – The Workers Compensation Research Institute (WCRI) recently released an updated version of its study that helps compare prices paid for medical professional services across 36 states and monitor price changes from 2008 to 2020, which includes the beginning months of the COVID-19 pandemic. “The study shows how prices paid for these services… [Read more]
CA WCIRB Releases Fourth Quarter 2020 Experience Report
Oakland, CA – The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) recently released its Quarterly Experience Report, which provides updates on California statewide insurer experience valued as of December 31, 2020. Key Highlights from the report include: California written premium for 2020 is 13 percent below that for 2019 and is the lowest since… [Read more]
NCCI Donates $25,000 to Students Through Kids’ Chance of America
Boca Raton, FL – The National Council on Compensation Insurance (NCCI) recently announced it will donate $25,000 to Kids’ Chance of America as part of its recently completed Annual Issues Symposium (AIS) 2021. Kids’ Chance provides educational opportunities and scholarships for children affected by a parent’s work-related injury or death. “We’re extremely grateful to NCCI… [Read more]