Medical payments per claim decreased more than 3 percent in most of the 17 study states for 2021 injuries with experience through March 2022, according to a new set of studies by the Workers Compensation Research Institute (WCRI).
Tag: Workers’ Compensation
Who Is Most Likely to Get Hurt on the Job?
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.
New York State Insurance Fund Has Returned $585 Million to Businesses
New York’s largest workers’ compensation provider distributes more than half a billion dollars to employers through dividends and return of premium.
Best’s Market Segment Report: Workers’ Comp Remains a Profit Engine for P/C Industry
Workers’ compensation insurers’ underwriting results continued to outpace the rest of the U.S. property/casualty (P/C) commercial sector in 2022, as they benefited from the long-term decline in workplace accidents and a reduction in fraudulent claims, according to a new AM Best report.
Empathetic Approach, Reduced Costs Result from American Claims Management’s Workers’ Comp Claims Advocacy Program
American Claims Management, a national third-party claims administrator, has created the Claims Advocacy Program that delivers empathetic claims service while reducing workers’ compensation costs for employers and insurance companies.
NCCI: Workers Compensation Performance Remained Healthy in 2022
The performance of the US workers compensation system remains healthy according to the 2022 metrics that the National Council on Compensation Insurance (NCCI) released today.
Travelers Injury Impact Report Reveals the Employees Most Vulnerable to Workplace Accidents
Analysis of 1.2 million workers compensation claims shows those injured on the job miss an average of 71 workdays.
Average Commercial Lines Renewal Rates Up Y-O-Y
IVAN’s first quarter results of 2023 showed premium renewal rate change for all major commercial lines of business except Workers’ Compensation are up year over year.
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.
Zenjuries Hosting Free Webinar for Employers, Agencies, MGAs, & Carriers on Improving Workers’ Comp Results
Register for Zenjuries’ free webinar, “Improving Your Work Comp Results,” on Wednesday, January 25, 11:00 am EST.