Insurance Journal

JUNE 1, 2025

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. The Workers’ Compensation Insurance Rating Bureau of California …

Workers Comp

AMAXX

MARCH 24, 2025

In this three-part series, we are examining nine elements of independent premium audits to help you better understand and control your workers’ compensation premiums. These foundational aspects are crucial for ensuring accurate premium calculations and avoiding costly mistakes.

Workers Comp

AMAXX

MARCH 24, 2025

When an employer receives a revised workers’ compensation premium bill, the accuracy of the bill can be uncertain and confusing. To ensure fairness and correctness, an independent premium audit is highly recommended. Payroll Information A critical step in any premium audit is the review of an employer’s payroll.

Workers Comp

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

AMAXX

JULY 17, 2025

When it comes to workers’ compensation costs, many employers focus on claims management, safety programs, and return-to-work initiatives. Your experience mod is essentially your company’s credit score for workers’ compensation. means fewer-than-expected claims and lower premiums. They Influence Your Premium Basis.

Workers Comp

Triple-I: Workers Compensation

FEBRUARY 14, 2025

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. A combined ratio under 100 indicates a profit. A ratio above 100 indicates a loss.

Workers Comp

R&R Insurance

FEBRUARY 20, 2025

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. 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.

Workers Compensation

Triple-I: Workers Compensation

MAY 20, 2025

William Nibbelin, Senior Research Actuary, Triple-I Economic uncertainty, industry-specific trends, and evolving risks were the focus of the NCCI Annual Insights Symposium (AIS) 2025 a key event for the workers compensation industry. Key Findings Premium: Workers compensation net written premium decreased by 3.2

Workers Comp

AMAXX

JULY 15, 2025

When it comes to workers’ compensation costs, few topics spark more debate—and confusion—than the question: Which is worse for my experience mod: many small injuries or one big one? It compares your actual workers’ compensation losses to the losses expected for similar businesses in your industry. Let’s break it down. is average.

Workers Comp

AMAXX

MARCH 24, 2025

In this final part of our series exploring the nine elements of independent premium audits, we turn our focus to specialized situations and nuanced adjustments auditors carefully evaluate. Auditors disallow estimates, making precise documentation vital to receiving the intended premium savings associated with this exception.

Workers Comp

AMAXX

JULY 1, 2025

If there’s one universal truth in workers’ compensation, it’s this: The best claim is the one that never happens. Reduce Costs Fewer injuries mean lower workers’ compensation premiums, fewer lost workdays, and higher productivity. Yet for many employers, the reality is different. Prevention is far cheaper than paying claims.

Injury

AMAXX

JUNE 17, 2025

When it comes to managing workers’ compensation claims, many employers focus on lagging indicators—things like claim count, indemnity costs, and days lost. Company B, on the other hand, faces more lost time, higher indemnity costs, and a higher experience mod—leading to increased insurance premiums. How to Improve Your RTW Ratio 1.

Workers Comp

AMAXX

MAY 19, 2025

The workers compensation system may feel like a complex web of insurance premiums, claims adjusters, and legal disputesbut at its core, its rooted in one simple idea: a compromise. Its about integrity, trust, and a commitment to doing things rightright from the start.

Workers Comp

AMAXX

MAY 27, 2025

Workers compensation is often misunderstood as a fixed cost of doing businesssomething employers have to accept, manage passively, and simply write checks for. If you’re serious about lowering premiums, reducing claim durations, and improving outcomes for injured workers, start by identifying and correcting these ten common pitfalls.

Workers Comp

AMAXX

MARCH 4, 2025

By shifting your perspective from compliance-as-burden to compliance-as-advantage, you can leverage OSHA requirements to create a safer, more productive workplace, reduce workers compensation costs , and enhance your company’s reputation. Heres how: 1. OSHA Compliance as a Cost-Saving Strategy Workplace injuries are expensive.

Workers Comp

AMAXX

JULY 14, 2025

When it comes to workers’ compensation, small claims might seem harmless. This discount exists to remove the fear that reporting small claims automatically increases your mod and your premiums. Many employers fear reporting will lead to higher premiums. At first glance, it feels like a smart move. Not always.

Claim

Triple-I: Homeowners Insurance

MAY 15, 2025

This advancement was largely attributable to robust net written premium (NWP) expansion, with growth rates of 14.4 Even though rising costs may lead to additional premium increases, these will likely be insufficient to offset slowing consumer spending and corporate investment. Personal auto insurers reported a 2024 NCR of 95.3,

Workers Compensation

Distinguished

MAY 19, 2025

Cost-Efficient Coverage By combining these key protections under one policy, restaurants may save on premiums and reduce the administrative burden of managing multiple policies. Distinguished offers competitive pricing with low minimum premiums and flexible quoting. Is workers’ compensation included in a BOP?

Policy

Zywave

MAY 15, 2025

Ernst & Young predicts embedded insurance transactions could account for 30% of the total by 2028, while Deloitte recently cited expectations for embedded gross written premiums to reach $700 billion globally by 2030. Nor is it appropriate for lines with significant regulatory oversight, such as workers compensation.

Broker

Neilson Marketing Services

JULY 1, 2025

The Revenue Illusion: Why Premium Volume ≠ Revenue Another major misstep? Mistaking premium volume for revenue. Retail agencies don’t earn the full premium — they earn commissions, typically: ~12.5%

Building

Word & Brown

APRIL 1, 2025

Individual Health Insurance Tax Deductibility If you offer individual health insurance to your clients, they may be able to include their health insurance premiums in their medical expense calculation on their taxes. Plus, your clients can save on Federal Insurance Contribution Act (FICA) taxes and Workers Compensation.

Deductible

Distinguished

MARCH 20, 2025

For example, if a property owner hires a new manager and includes medical coverage as part of the compensation package but forgets to enroll them in the company-sponsored health plan, this oversight might only come to light when the coverage is needed. Size : Buildings with more units or exposure types will cost more to insure.

Building

Simply Insurance

JUNE 12, 2025

Heres a quick look at how different benefit periods can affect your monthly premiums. Benefit Period Monthly Premium Notes 1 Year $50 Short-term coverage 5 Years $75 Medium-term coverage Until Retirement $120 Long-term coverage How Much Does a 2 Years Disability Insurance Policy Cost? Heres what you might expect to pay.

Insurance Quotes

Protect Commercial Insurance

JULY 18, 2025

Even if you never intended harm, a single incident can lead to hefty legal fees, compensation payouts, reputational damage and higher premiums in future. Skipping regulations – missing industry safety checks or not keeping up with compliance standards.

Liability

R&R Insurance

MAY 7, 2025

The court found the plaintiffs first claim, that she paid more in premiums due to the defendants purported breach of fiduciary duty during the plans negotiation process, did not sufficiently show evidence of an injury and was at best, speculative and hypothetical.

Out-Of-Pocket

Word & Brown

MAY 19, 2025

When you partner with us, you can offer your eligible clients value-added extras like COBRA admin, a Premium Only Plan (POP), and/or ERISA services. Whats important for you to know is that your partnership with us does not affect your compensation.

Broker

Protect Commercial Insurance

APRIL 4, 2025

– Tenant Compensation : In some cases, landlords might need to compensate tenants if living conditions are disrupted or deemed inadequate due to unresolved property issues. Conversely, a combined insurance approach transforms these unpredictable variables into fixed costs, spread over the year in manageable premiums.

Out-Of-Pocket

Simply Insurance

JUNE 12, 2025

This implies the policy will pay for only those events expressly included in the coverage wording, and your insurance coverage will not compensate for anything else. Any insurance policy premium quotes or ranges displayed are non-binding. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

Insurance Quotes

Simply Insurance

JUNE 10, 2025

This implies the policy will pay for only those events expressly included in the coverage wording, and your insurance coverage will not compensate for anything else. Any insurance policy premium quotes or ranges displayed are non-binding. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

Insurance Quotes

Simply Insurance

JUNE 9, 2025

This implies the policy will pay for only those events expressly included in the coverage wording, and your insurance coverage will not compensate for anything else. Any insurance policy premium quotes or ranges displayed are non-binding. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

Insurance Quotes

Zywave

MARCH 3, 2025

He highlighted the bifurcated nature of the market, with profitability in workers’ compensation being offset by severe issues in general liability and auto lines. He noted that while the workers’ compensation market remains competitive, general liability, auto, and excess lines are increasingly difficult to place.

Casualty Insurance

Simply Insurance

JUNE 14, 2025

Larger companies or those in high-risk industries may face higher premiums. Larger companies often face higher premiums due to increased risk exposure. Companies with more sensitive data often face higher premiums. Companies with robust cloud security often benefit from lower premiums.

Insurance Quotes

Simply Insurance

JUNE 11, 2025

This implies the policy will pay for only those events expressly included in the coverage wording, and your insurance coverage will not compensate for anything else. Any insurance policy premium quotes or ranges displayed are non-binding. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

Insurance Quotes

Simply Insurance

JUNE 12, 2025

This implies the policy will pay for only those events expressly included in the coverage wording, and your insurance coverage will not compensate for anything else. Any insurance policy premium quotes or ranges displayed are non-binding. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

Insurance Quotes

Simply Insurance

JUNE 10, 2025

This implies the policy will pay for only those events expressly included in the coverage wording, and your insurance coverage will not compensate for anything else. Any insurance policy premium quotes or ranges displayed are non-binding. DP2 - Replacement Cost The (DP-2) policy will give you more coverage than the DP-1.

Insurance Quotes

Triple-I: Homeowners Insurance

MAY 27, 2025

The new legislation addresses Louisiana’s longstanding challenges with high insurance premiums and the states reputation for being plaintiff-friendly in civil litigation.

Injury

Simply Insurance

JUNE 28, 2025

Security measures such as security cameras or living in a guarded community can also lower homeowners insurance premiums. If your items are stolen or destroyed due to a covered loss such as fire or water damage, they will be compensated. In New Jersey, our condo insurance plans cover up to $2,000 in claim compensation.

Insurance Quotes