Oldwick, NJ -(BusinessWire)- AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of the members of AmeriTrust Group, whose principal insurance subsidiaries operate under an intercompany reinsurance pooling agreement. AmeriTrust Group is headquartered in Southfield, Michigan.… [Read more]
Association, Rating & Research News
NCCI Releases New Brief on 2022 Medicare Fee Schedules and Workers’ Comp
Boca Raton, FL – The National Council on Compensation Insurance (NCCI) recently released a new brief on 2022 Medicare Fee Schedules and Workers Compensation. The Centers for Medicare and Medicaid Services (CMS) updates its reimbursement rules and rates for medical services each year. This article will discuss and compare the most relevant changes in its… [Read more]
New NCCI Report Examines Insurer Perspectives on Post-Injury Return-to-Work Programs
Boca Raton, FL – NCCI recently interviewed professionals from multiple insurers that write workers’ compensation insurance to gain their perspectives on what makes a successful RTW program, and has released the first of two new reports highlighting RTW strategies. Helping an injured employee recover and return to work (RTW) safely is a fundamental component of… [Read more]
NSC, DEKRA Publish Safety Technology Roadmap to Help Protect Workers
Itasca, IL – The National Safety Council, America’s leading nonprofit safety advocate, released a new white paper today through its Work to Zero initiative titled Safety Technology Pilot and Implementation Roadmap: Making Innovation Accessible. Developed in partnership with DEKRA, the report highlights challenges to innovation and provides a roadmap to assist employers on their safety journey. “Having safety technology… [Read more]
RIMS RISKWORLD Community Service Project to Deliver Critical Aid to Homeless Families
New York, NY – Risk professionals from around the world will participate in the 14th annual RIMS Community Service Project, an initiative that provides RISKWORLD™ attendees with the opportunity to give back to the local community. Sponsored by ESIS (a Chubb business unit), this year’s project invites attendees to assemble hygiene kits and snack packs… [Read more]
WCRI Releases 2022 Annual Report
Cambridge, MA – WCRI recently announced that its 2022 Annual Report is now available. The report takes a comprehensive look at all of the Institute’s activities in 2021, from the studies that were published to how that research was used by policymakers and other stakeholders. In his annual letter, CEO and President John Ruser said… [Read more]
Enlyte Releases 2022 Workers’ Compensation Technology Trends Report
San Diego, CA – Enlyte recently released survey results of its 2022 Workers’ Compensation Technology Trends Report. The research reveals significant technology transformation in the industry as a result of the pandemic, provides insights into companies’ technology investments and adoption strategies, and explores which products and services will impact the industry next. Enlyte’s survey of… [Read more]
NCCI Releases Full Agenda for Annual Issues Symposium 2022
Boca Raton, FL – The National Council on Compensation Insurance (NCCI) will gather leading experts on workers compensation at its Annual Issues Symposium (AIS) from May 9–11 at the JW Marriott Orlando, Grande Lakes in Florida. The full AIS agenda is now available. This year’s symposium, themed The Insights You Trust, will feature experts delivering… [Read more]
Selective Insurance Releases 10-Year Workplace Injury Trend Report
Branchville, NJ – Selective Insurance recently released results of a study of ten years of its workers compensation claims1. This study shows that, on average, employees in 2021 reported workplace-related injuries 18% earlier in their tenure than employees in 2011 – after 5.2 years of service compared to 6.4 years. This data points to a… [Read more]
CWCI Study Finds Sharp Decline in CA Workers’ Comp IMRs
Oakland, CA – A California Workers’ Compensation Institute (CWCI) study on the Independent Medical Review (IMR) process used to resolve workers’ comp medical disputes shows that the number of IMR decision letters hit an all-time low in 2021 as pharmaceutical disputes – especially those involving opioids – have continued to decline since the state adopted… [Read more]