Property Insurance Coverage Law

FEBRUARY 20, 2025

A new bill filed in the Florida Senate by Don Gaetz is making waves by proposing that insurance companies disclose the financial relationships of their executives and related entities. It also demands transparency … The post Why Shouldn’t Insurance Executives Disclose Their Pay?

Compensation 184

Compensation Property Insurance Insurer Insurance 184

Insurance Journal

OCTOBER 30, 2024

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation 260

Workers Compensation Compensation Liability Insurance Liability 260

Insurance Journal

OCTOBER 29, 2024

New Jersey Commissioner of Banking and Insurance Justin Zimmerman has approved a 6.9% statewide average decrease in rates for workers’ compensation and employers’ liability insurance. The new rates will apply to new and renewal policies effective January 1, 2025. The …

Workers Compensation 258

Workers Compensation Compensation Liability Insurance Liability 258

Insurance Journal

NOVEMBER 17, 2024

Delaware Insurance Commissioner Trinidad Navarro announced that workers’ compensation insurance rates will decrease for the eighth year in a row, effective December 1. The voluntary market is expected to decrease average loss costs by 8.4%, and the residual market will …

Workers Compensation 263

Workers Compensation Compensation Insurance Insurer 263

Insurance Journal

NOVEMBER 21, 2024

The trend of decreasing rates in Connecticut workers’ compensation insurance will continue as the state’s insurance regulator has approved an industry proposed 6% rate decrease beginning January 1, 2025. The now-approved rate filing submitted by the industry’s National Council on …

Workers Compensation 246

Workers Compensation Compensation Insurance Insurer 246

Insurance Journal

SEPTEMBER 5, 2024

The New Hampshire Insurance Department (NHID) reports that it has approved a workers’ compensation rate proposal that will reduce voluntary loss costs by 5.6% on average. The new lower rates will apply to voluntary market policies effective on or after …

Workers Compensation 255

Workers Compensation Compensation Policy Insurance 255

AMAXX

APRIL 23, 2025

Evidence-Based Medicine (EBM) is increasingly recognized as a critical component in workers’ compensation, influencing treatment decisions, recovery outcomes, and cost management. This ensures medical decisions in workers’ compensation are guided by the strongest available evidence. What is Evidence-Based Medicine?

Workers Compensation 95

Workers Compensation Compensation Workers Comp Injury 95

Insurance Journal

DECEMBER 12, 2024

loss cost decrease in the workers’ compensation voluntary market along with rate decreases in the assigned risk market, effective April 1, 2025. Virginia has approved a 12.0% The State Corporation Commission (SCC) approved the proposed voluntary loss costs, along with …

Workers Compensation 239

Workers Compensation Compensation Risk Insurer 239

Insurance Journal

JUNE 15, 2025

When Tampa-based Slide Insurance registered for an initial public stock offering in May, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commission …

Compensation 130

Compensation Insurance Industry Insurer Insurance 130

Insurance Journal

MAY 2, 2025

Texas Mutual Insurance Company announced that its board of directors voted unanimously to approve a $330 million general dividend distribution in 2025. Texas Mutual, the state’s top provider of workers’ compensation insurance will have distributed more than $1 billion in …

Compensation 230

Compensation Insurance Companies Insurance Insurer 230

Insurance Journal

JULY 16, 2024

This post is part of a series sponsored by PCF Insurance Services. Frank Fasano, Director of Sales at ToughComp, a PCF business, shares insight from his years of experience working within industries that experience challenges finding affordable workers’ compensation policies.

Workers Compensation 240

Workers Compensation Compensation Risk Policy 240

Insurance Journal

JUNE 1, 2025

The Workers’ Compensation Insurance Rating Bureau of California … Written premiums in California stabilized in 2022 through 2024 after the large swings during the pandemic, while the combined ratio rose to the highest level in 14 years, a new report shows.

Workers Comp 195

Workers Comp Compensation Premium Insurance 195

AMAXX

JANUARY 20, 2025

In the intricate landscape of workers’ compensation, the pursuit of optimal outcomes for injured workers is paramount. Employers, insurers, and healthcare providers face a delicate balance: ensuring injured workers receive appropriate care while effectively managing costs and promoting timely return-to-work.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Injury 98

Insurance Journal

SEPTEMBER 15, 2024

EverPeak Insurance is launching operations in Arizona. EverPeak specializes in workers’ compensation coverage for small businesses and those in hard-to-place industries. EverPeak workers’ comp insurance is written on Attune, which has more than 400 class codes that enable agents to …

Compensation 278

Compensation Insurer Insurance Insured 278

Insurance Journal

JULY 12, 2024

California Insurance Commissioner Ricardo Lara today issued a decreased pure premium rate for workers’ compensation insurance, lowering the annual benchmark rate from $1.41 per $100 of payroll— representing a 2.1% percent decrease from last year. The advisory rate …

Workers Comp 290

Workers Comp Premium Compensation Insurer 290

Insurance Journal

NOVEMBER 18, 2024

A construction industry captive insurer along with three construction contractors have filed a lawsuit alleging a massive New York fraud scheme involving staged workplace accidents and bogus workers’ compensation and personal injury lawsuits backed by complicit lawyers and medical providers.

Injury 299

Injury Compensation Claim Insurer 299

AMAXX

MARCH 18, 2025

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Fight Fraud and Exaggerated Claims Workplace injury fraud is a significant cost driver in workers compensation.

Workers Compensation 71

Workers Compensation Compensation Claim Workers Comp 71

AMAXX

MARCH 4, 2025

By understanding the role fear plays in workers compensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. The Link Between Fear and Litigation Studies have consistently identified fear as a major driver of workers compensation litigation. All state laws vary.

Workers Compensation 82

Workers Compensation Compensation Claim Workers Comp 82

Insurance Journal

JANUARY 14, 2025

10, 2025 in federal court in Boston for defrauding the Internal Revenue Service (IRS) and Travelers Insurance Co. A Hopkinton man was sentenced on Jan. over wages he paid to employees of his two construction companies. According to U.S. Attorney …

Workers Compensation 264

Workers Compensation Compensation Insurance Insurer 264

Insurance Journal

JULY 11, 2024

A workers’ compensation insurer is entitled to continue to receive reimbursements from the Massachusetts second injury fund even after it stops writing business in the state, the state’s high court has ruled in an opinion reversing itself on the issue.

Injury 277

Injury Compensation Insurer Insurance 277

Insurance Journal

NOVEMBER 19, 2024

AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” (Excellent) to Standard and Preferred Insurance Co. of Kew Gardens, New York. The outlook assigned to these ratings is stable. AM Best …

Workers Compensation 239

Workers Compensation Compensation Insurance Insurer 239

Insurance Journal

APRIL 6, 2025

Maine has approved the insurance industry’s filing that will lower workers’ compensation 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 …

Workers Compensation 147

Workers Compensation Compensation Insurance Industry Policy 147

Simply Insurance

MARCH 17, 2025

Workers' compensation insurance rates vary by state due to location, industry risks, and policy coverage. The Hartford is a top choice for workers' compensation insurance due to its competitive pricing and comprehensive coverage. The national average cost is approximately $1,128 per year.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation Insurer 52

Insurance Journal

APRIL 16, 2025

million in workers’ compensation fraud in 2024, a nearly 30% increase compared to 2023. Inspector General Lucy Lang also reported there were 14 arrests for workers’ compensation fraud, also a … New York State’s Inspector General said her office identified $2.7

Workers Compensation 162

Workers Compensation Compensation Insurer Insurance 162

Insurance Journal

SEPTEMBER 30, 2024

Connecticut workers’ compensation insurers are recommending an overall 6.1% reduction in loss costs in the voluntary market and a 6.2% overall reduction in the assigned risk market for next year. If the recommendation is approved, it would mark the eleventh …

Workers Compensation 147

Workers Compensation Compensation Risk Insurance 147

Insurance Journal

AUGUST 30, 2024

An Indian tax agency has found that British insurer Aviva breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters. In an attempt to grow …

Compensation 258

Compensation Agents Insurance Insurer 258

Insurance Journal

APRIL 10, 2025

The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs. New or renewal policies issued on or after April 1, 2025 will be subject to the new loss costs. Because loss costs …

Workers Compensation 147

Workers Compensation Compensation Policy Insurance 147

Top Insurance Blogs

MAY 16, 2025

As a licensed insurance agent in Germany with a decade of experience and having previously worked as a forklift driver in the construction sector, I have witnessed firsthand the critical importance of workers’ compensation insurance.

Workers Compensation Insurance 52

Workers Compensation Insurance Workers Compensation Compensation License 52

Insurance Journal

OCTOBER 16, 2024

Thousands of Massachusetts medical professionals and other employees of troubled hospital operator Steward Health Care are at risk because Steward does not have adequate liability or workers’ compensation coverage in place to protect them after Steward’s exit from the state, …

Compensation 278

Compensation Liability Protection Risk 278

AMAXX

FEBRUARY 24, 2025

Evidence-Based Medicine (EBM) plays a critical role in workers compensation, guiding both medical professionals and non-medical stakeholders in making informed decisions about injury treatment, recovery time, and return-to-work strategies. You should consult with your insurance broker, attorney, or qualified professional.

Workers Compensation 66

Workers Compensation Compensation Workers Comp Injury 66

Rough Notes

MAY 2, 2025

INSURANCE-RELATEDCOURTCASESDigested from case reports published onlineCOURT DECISIONS Appraisal outcome freezes compensation 50 Exchange Terrace LLC sought to collect under a property policy with Mount Vernon Specialty Insurance Company (Mount Vernon) for damage to its property in Rhode Island.

Compensation 52

Compensation Damage Policy Insurance Companies 52

Insurance Journal

OCTOBER 8, 2024

California workers’ compensation written premium in 2023 was slightly above 2022, while written premium for the first six months of 2024 is 2% lower than the first six months of 2023, a new report shows. The Workers’ Compensation Insurance Rating …

Premium 277

Premium Workers Comp Compensation Workers Compensation Insurance 277

Insurance Journal

MARCH 6, 2025

A Providence Forge, Virginia man has been sentenced to nine years in prison for embezzling funds from his former employer, the Virginia Birth-Related Neurological Injury Compensation Program. According to court documents, John Hunter Raines was the chief financial officer and …

Injury 165

Injury Compensation Claim Insurer 165

Insurance Journal

SEPTEMBER 3, 2024

Annual workers’ compensation rate cuts in the double digits have become routine in almost every U.S. That trend may have now come to an end in Florida, where the National Council on Compensation Insurance is recommending … state in recent years.

Workers Comp 279

Workers Comp Compensation Workers Compensation Insurance 279

AMAXX

APRIL 28, 2025

In workers’ compensation programs, the conversation often revolves around costs, compliance, and claims management systems. Implementing empathy systematically can transform a workers’ compensation program from a cost center into a relationship-builder that saves money and strengthens the workforce. Its smart business.

Workers Compensation 66

Workers Compensation Compensation Workers Comp Injury 66

Insurance Journal

AUGUST 26, 2024

The Texas Department of Insurance, Division of Workers’ Compensation will hold a Brown Bag Series with stakeholders in the workers’ compensation system this fall, with a half dozen meetings scheduled across the state. The series will focus on dispute resolution …

Compensation 275

Compensation Workers Compensation Insurance Insurer 275

Insurance Journal

JUNE 15, 2025

Massachusetts Insurance Commissioner Michael Caljouw has rejected an industry proposal to raise workers’ compensation rates by 7.1%. As a result, existing rates, which reflect a 14.6% decrease ordered last July, will remain in effect for policies on and after July …

Workers Comp 130

Workers Comp Compensation Policy Insurance 130