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Maine Approves 9.6% Decrease in Workers’ Compensation Costs

Insurance Journal

Maine has approved the insurance industry’s filing that will lower workerscompensation insurance loss costs an average of 9.6%. The lower loss costs will go into effect for new and renewing policies as of April 1, 2025. According to Superintendent …

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Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates

Insurance Journal

reduction in workerscompensation rates–a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. Massachusetts businesses will see an average 14.6% The lower rates go into effect on July 1, 2024.

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NCCI’s Tracy Ryan:Busting the Math Myth

Triple-I: Workers Compensation

Back then, 35 years ago, I thought the best career for a math major would be education, said Ryan, who in November 2024 became president and CEO of NCCI the nations most comprehensive source for workers compensation data, insights, and solutions. Ryan never thought about the demands of working in a male-dominated industry.

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Good news for roofer

Rough Notes

INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS Good news for roofer Thomas Napolitano, a roofing business owner, sought a judgment declaring that Ace American Insurance Company, a workers compensation carrier, was obligated to defend and indemnify him in connection with a claim filed by his employee.

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Workers Comp Premium, Loss, Market Trends Support Its Ongoing Success

Triple-I: Workers Compensation

By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-Is latest Issues Brief.

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P&C Insurance Achieves Best Results Since 2013; Wildfire Losses, Tariffs Threaten 2025 Prospects

Triple-I: Homeowners Insurance

P&C insurance industry’s financial outcomes for 2024 revealed a net combined ratio (NCR) of 96.6, Conversely, workers compensation combined ratios continued to benefit from favorable PYD for the eighth consecutive year, indicating sustained underwriting profitability. demonstrating a substantial 5.1-point

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JetZero to Build $4.7B Next-Gen Plane Plant in NC With Up to 14,500 Jobs

Insurance Journal

JetZero Inc. announced plans Thursday to build its first manufacturing plant for a next-generation passenger jet in central North Carolina, a project that if successful would create more than 14,500 jobs there in a decade. The California-based startup intends to …

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