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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same. This rate reduction will affect work comp policies with renewal dates between 10/01/24 to 09/30/25. What can Contractors do?

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What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

Insiders

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Workers’ Comp Is a Team Sport: Understanding the Puzzle of Stakeholders

AMAXX

Insurance Carrier The carrier underwrites the policy and carries the financial risk for claims (in guaranteed cost programs). For self-insured employers, the TPA is typically the frontline claims handler. Insurance Broker The broker places the risk and acts as an advisor and advocate for the employer.

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Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

” If you don’t have the opportunity to check out the full webinar, read on for key insights from the discussion and actionable advice for insurers, brokers, and policyholders. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.

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Zywave’s 2025 Summer Launch: Innovation that Elevates the Insurance Experience

Zywave

They provide the insurers, brokers and service providers that use Zywave solutions with a Performance Multiplier designed to drive profitable growth in an environment of escalating risk. Together, these updates empower brokers, insurers, service providers, and the end users they serve to work smarter and faster than ever before.

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Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

Conduct Regular Claims Reviews : Work closely with your insurance carrier or third-party administrator (TPA) to review open claims and identify inconsistencies. You should consult with your insurance broker, attorney, or qualified professional. All rights reserved under International Copyright Law. All state laws vary.

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Why Reporting Small Claims Pays Off in ERA States

AMAXX

Many employers wonder: “Why report a $1,000 medical bill to the insurance carrier if we can just pay it ourselves and keep our experience mod low?” After all, fewer claims mean fewer red flags on your insurance history—right? Confirm your location’s rules with your broker or carrier. Not always.