Logic might tell you that the people most likely to suffer workplace accidents are those who do the most dangerous jobs. A recent study, however, finds that isn’t the case.
Tag: workers comp
AI Reduces Legal Involvement in Workers’ Compensation Lost-Time Claims by 15%, Saving Insurers Millions
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced the results of a comprehensive research study showing that AI-enabled workers’ compensation claims management reduced legal involvement for lost-time claims by 15%.
Nebraska Bill Would Allow Workers’ Comp to Cover Mental Injuries
Legislative Bill 5 would amend a section of the Nebraska Workers’ Compensation Act to cover people who have been diagnosed with post-traumatic stress disorder by a mental health professional.
Average 2022 Renewal Rates Experience a General Uptick Across Most Major Commercial Lines Compared to 2021
Fourth-quarter results in the Ivans Index showed an increase in the average premium renewal rate change across all major commercial lines of business year over year, except Workers’ Compensation
Workers’ Comp Insurance Faces Pricing, Loss Severity Uncertainty
Unfavorable pricing trends, competitive market conditions and potential for worsening loss trends amid inflation and macroeconomic pressures may lead to rising loss severity in Workers’ Comp.
Behavorial Health Care Integral to a Worker’s Recovery Post-Injury
As concerns about behavioral health problems increased in recent years, the Workers Compensation Research Institute (WCRI) heard through system stakeholder interviews that early screening for psychosocial risk factors is important to prevent delayed recovery. “The COVID-19 pandemic put a spotlight on the importance of behavioral health,” said John Ruser, president and CEO of WCRI. “In… Continue reading Behavorial Health Care Integral to a Worker’s Recovery Post-Injury
RLI Must Cover $2.4M Company Settlement to Injured Trucker
The Sixth Circuit ruled that an RLI Corp. unit must pay $2.4 million toward an Ohio trucking company’s settlement with an injured driver after the company failed to obtain workers’ compensation insurance for him. According to the US Court of Appeals for the Sixth Circuit, the case hinges on RLI Insurance Co.’s obligation to cover… Continue reading RLI Must Cover $2.4M Company Settlement to Injured Trucker
AM Best Revises Outlook to Stable for U.S. Workers’ Compensation Insurance Industry
AM Best has revised its market segment outlook to stable from negative for the U.S. workers’ compensation insurance market, according to a new report. The Best’s Market Segment Report, titled, “Market Segment Outlook: U.S. Workers’ Compensation,” states that the revision is based on the following factors: Unexpectedly muted impacted of the COVID-19 pandemic; Solid risk-adjusted… Continue reading AM Best Revises Outlook to Stable for U.S. Workers’ Compensation Insurance Industry
Work Injuries Tied to Heat Are Vastly Undercounted, Study Finds
Extreme heat causes many times more workplace injuries than official records capture, and those injuries are concentrated among the poorest workers, new research suggests, the latest evidence of how climate change worsens inequality. Hotter days don’t just mean more cases of heat stroke, but also injuries from falling, being struck by vehicles or mishandling machinery,… Continue reading Work Injuries Tied to Heat Are Vastly Undercounted, Study Finds
Massachusetts Tops COVID-Related Workers’ Comp Claims in 27-State Study
As the coronavirus ravaged the country last spring and sick or quarantined employees filed workers’ compensation claims, Massachusetts experienced the highest share of COVID-related claims among 27 states studied by the Workers Compensation Research Institute in Cambridge. In a report released Thursday, the WCRI found that from April to June, 42 percent of all claims… Continue reading Massachusetts Tops COVID-Related Workers’ Comp Claims in 27-State Study