Raleigh, NC – N.C. business owners may soon enjoy lower operating costs. On October 19, Insurance Commissioner Mike Causey approved an average 17.2 percent rate decrease for workers’ compensation insurance to be effective April 1, 2019 “This rate decrease should serve as an economic boon to the state’s small businesses,” said Commissioner Causey. “I am… [Read more]
Legislative & Regulatory News
CA DWC Posts 2017 Audit Unit Annual Report and Ranking Report
San Francisco, CA – The Division of Workers’ Compensation (DWC) has posted the 2017 DWC Audit Unit annual report on its website. The Audit Unit annual report provides information on how claims administrators audited by the DWC performed and includes the Administrative Director’s ranking report for audits conducted in calendar year 2016. The 2017 Audit… [Read more]
DE Workers’ Compensation Rates Drop for Second Year in a Row
Dover, DE – Delaware Insurance Commissioner Trinidad Navarro is pleased to announce that there will be a decrease in workers’ compensation insurance rates, effective December 1, 2018. “I am delighted to approve yet another decrease in workers’ compensation rates in Delaware and even happier to see a double digit average decrease in the voluntary market,”… [Read more]
IN Department of Insurance Approves Decrease in Workers’ Compensation Rates
Indianapolis, IN – Indiana Department of Insurance Commissioner Stephen W. Robertson recently approved an average 7.6 percent reduction for Workers’ Compensation rates, effective January 1, 2019. The approved rate decrease will result in savings of approximately $62.7 million dollars for Indiana businesses. “The significant savings will help support Indiana businesses as they grow their companies,”… [Read more]
RegQuest Announces New Workers’ Compensation Utilization Management Module
Annapolis, MD – RegQuest™, a national online regulatory compliance resource focused on health insurance functions including medical management and appeals, recently announced the launch of its fourth and newest module: Workers’ Compensation Utilization Management, which reviews state workers’ compensation utilization management laws and regulations. The module offers subscribers regularly updated regulatory information broken down by… [Read more]
NYS WCB Announces Revised Workers’ Compensation Drug Formulary Regulation
Albany, NY – The New York State Workers’ Compensation Board has prepared a revision to the proposed NYS Workers’ Compensation Drug Formulary (Formulary) announced in Subject Number 046-1012, Board Announces Draft Regulations for New York State Pharmacy Formulary on December 28, 2017. The proposed revision is in the October 17, 2018 State Register, and the… [Read more]
CA DWC Posts Proposed Revisions to WCIS Implementation Guide for First and Subsequent Reports of Injury
San Francisco, CA – The Division of Workers’ Compensation (DWC) has posted a revised version of the Workers’ Compensation Information System (WCIS) California Electronic Data Interchange Implementation Guide for First and Subsequent Reports of Injury (FROI/SROI) on its rulemaking forum. Members of the public are encouraged to review the proposed regulatory revisions in the guide,… [Read more]
NCCI Releases Hot Topics in Workers’ Compensation Update and On-Demand Webinar
Boca Raton, FL – NCCI recently released its update and on-demand webinar on Hot Topics in workers’ compensation, which highlights the latest legislative activity affecting the industry. This year, NCCI tracked more than 800 state and federal workers compensation-related bills and monitored almost 200 workers compensation-related regulations. Legislation impacting workers compensation coverage for first responders… [Read more]
OR DCBS Releases 2018 National Study on Workers’ Compensation Costs
Salem, OR – Oregon’s workers’ compensation rates remain among the lowest in the nation, according to an analysis recently released by the Oregon Department of Consumer and Business Services (DCBS). This reflects the state’s ongoing success in making workplaces safer and keeping costs under control. The biennial study ranks all 50 states and Washington, D.C.,… [Read more]
NC Industrial Commission Announces Proposed Decrease to Workers’ Comp Insurance Rates
Raleign, NC – The North Carolina Industrial Commission recently announced that its continued efforts to improve the workers’ compensation system have realized tangible system-wide savings. On August 29, 2018, the North Carolina Rate Bureau filed a proposed average 17.2 percent decrease in its residual market rate filing. A As part of the proposed decrease, the… [Read more]