Insurance Commissioner Mike Yaworsky issued a Final Order adopting the reduction, which applies to new and renewal workers’ compensation policies beginning January 1, 2026.
Tag: Workers’ Compensation
Motor Vehicle Accidents Remain Costly Challenge for Workers’ Compensation
Motor vehicle accidents (MVAs) continue to be a leading concern in the workers’ compensation system, representing the top cause of work-related fatalities and among the most expensive claims.
National Workers’ Compensation Rates and Laws in Flux for 2025
Regulatory agencies and legislatures across the country have spent 2024 refining workers’ compensation systems—responding to national trends of decreasing insurance rates, expanding legal protections, and clarifying employees’ rights.
Texas Legislature Takes Aim at Workers’ Compensation Reforms for Construction Industry
The Texas legislative session is in full swing, and lawmakers are set to debate a series of bills to reshape the state’s workers’ compensation system.
Top Concerns in Workers’ Compensation: NCCI’s 2024 Survey Highlights Financial Health and Medical Inflation as Leading Issues
The National Council on Compensation Insurance (NCCI) has released its annual Carrier Executive Survey, unveiling the leading concerns for workers’ compensation executives heading into 2025.
US Workers’ Compensation Insurance Segment Continues Winning Streak
The workers’ compensation segment continues to outperform every other line of business in the U.S. property/casualty (P/C) industry, bolstered by ongoing declines in loss frequency and favorable reserve development, according to a new AM Best report.
California Lowers Workers’ Compensation Rates
California’s Insurance Commissioner Ricardo Lara has announced a new, reduced rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 to $1.38 per $100 of payroll.
Impact of Economic Changes on California Workers’ Compensation
The evolving economic landscape in California, marked by inflation and labor market changes, is profoundly impacting the state’s workers’ compensation system, with insurers adjusting premium rates and coverage options, while employers face higher premiums and regulatory compliance challenges.
NLRB Joint-Employer Rule Triggers Fears of Higher Trucking Costs
A change in how the National Labor Relations Board determines whether a company is considered a “joint employer” with another company could disrupt relationships among carriers while imposing higher costs on the trucking sector.
Half of Amazon’s Warehouse Workers Are Injured After Just 3 Years: Study
More than two-thirds of Amazon.com Inc. US warehouse workers surveyed by researchers reported that they took unpaid time off to recover from pain or exhaustion sustained on the job.