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.

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AMAXX

MARCH 24, 2025

Now, we address the remaining elements that auditors consider essential in ensuring you fully optimize your workers’ compensation premium calculations, highlighting scenarios that often require particular attention and strategic management.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

LexisNexis

OCTOBER 8, 2024

COMPLEX EMPLOYMENT ISSUES FOR CALIFORNIA WORKERS' COMPENSATION A new softbound supplement to Rassp & Herlick, California Workers’ Compensation Law 284 pages PIN #0006801214509 For current pricing and to order, call 800-543-6862. What constitutes an independent contractor?

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Workers Compensation Compensation Workers Compensation Insurance Liability 40

Triple-I: Homeowners Insurance

MAY 15, 2025

point enhancement compared to the prior year and representing the sector’s most favorable underwriting performance since 2013, as detailed in a recent report by Triple-I and Milliman. The workers compensation system continues an era of exceptional performance with strong results and a financially healthy line, said Glenn.

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Workers Compensation General Liability Liability Underwriter 45

Triple-I: Homeowners Insurance

OCTOBER 10, 2024

property and casualty insurance industry experienced better-than-expected economic and underwriting results in the first half of 2024, according to the latest forecasting report by Triple-I and Milliman. Much of the overall underwriting gain was due to growth in personal lines net premiums written. represented a 2.3-points

Commercial 68

Commercial Underwriter Underwriting General Liability 68

Zywave

MAY 15, 2025

At the point of purchase the exact moment when customers are most receptive to considering protection insurance providers are now able to make instant underwriting decisions. At the same time, they benefit from contextual data that improves underwriting precision. Brokers enjoy similar customer access benefits, at a lower cost.

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Triple-I: Workers Compensation

FEBRUARY 10, 2022

Despite early “dire estimates” of how the COVID-19 pandemic might affect the workers compensation insurance sector, the system has proved to be resilient, according to Bill Donnell, president and CEO of the National Council on Compensation Insurance (NCCI). It’s a resilient system,” he said.

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Insurance Journal

JANUARY 9, 2025

The high court found that Hartford Underwriters Insurance Co. The New Jersey Supreme Court recently ruled that an insurer had no duty to defend an insured employer against an injured employee’s personal injury lawsuit alleging negligence and intentional harm. was …

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Injury Underwriter Underwriting Insured 130

Triple-I: Workers Compensation

SEPTEMBER 23, 2022

Max Dorfman, Research Writer, Triple-I The workers compensation field is “responding and adapting remarkably well to economic changes,” according to Donna Glenn , chief actuary, National Council on Compensation Insurance (NCCI). This includes seven years of underwriting profitability.

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AMAXX

JULY 30, 2024

So this is your premium adjustments, and these are discretionary adjustments that can be given by your underwriter based on how well they perceive you managing your risk, how well they perceive you managing your risk. and why are we gonna try to get this risk up because you’re saying, hey. Say that again.

Workers Comp 64

Workers Comp Risk Workers Compensation Injury 64

Triple-I: Business Insurance

AUGUST 11, 2022

The property & casualty insurance industry’s combined ratio – an indicator of underwriting profitability – is forecast at 100.7 A combined ratio below 100 represents an underwriting profit, and a ratio above 100 represents a loss. for 2022, up 1.2 They presented their findings at a Triple-I members-only virtual webinar.

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LexisNexis

JANUARY 9, 2025

Oakland, CA The Board of Directors of the California Workers Compensation Institute (CWCI) has named the Institutes Chief Operating Officer, Gideon L. Baum, to succeed Alex Swedlow when he retires next summer as President of the Oakland-based research and educational organization. We thank him for his decades of remarkable service.

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Workers Compensation Compensation Underwriter Underwriting 40

Risk Management Monitor

SEPTEMBER 21, 2021

The claims review should be designed to account for how frequency and severity may affect underwriting decisions so that the policyholder can move toward its coverage objectives. As a result, within about two years, the program cut the manufacturer’s workers compensation loss ratio roughly in half.

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Claim Injury Workers Compensation Risk 75

Triple-I: Workers Compensation

APRIL 20, 2021

“There are upwards of 30 surplus lines carriers and several managing general underwriters that currently service the cannabis industry across many lines of coverage,” the National Law Review reports. Does workers compensation cover a workplace accident in which the injured employee tested positive for marijuana?

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Risk Workers Compensation Commercial General Liability Liability 40

American Agents Alliance

SEPTEMBER 6, 2024

As part of NSM’s best-in-class insurance programs, they deliver unparalleled niche underwriting expertise, superior customer service and specialized claims handling. With A+ rated carriers, dedicated underwriters and in-house claims team, NSM makes an agent’s job easier. AllComp also offers upfront commissions to agents.

Workers Compensation 40

Workers Compensation Insured Insurance Insurer 40

Triple-I: Workers Compensation

MARCH 21, 2023

The lines of coverage written typically are those with more predictable losses, such as workers compensation, general liability, and automobile liability and physical damage.” “Each owner makes a modest initial capital contribution,” states the paper, Group Captives: An Opportunity to Lower Cost of Risk.

Workers Compensation 40

Workers Compensation Premium Liability General Liability 40

Healthinsurance.org

MAY 16, 2025

Excepted benefits include coverage such as workers compensation, fixed-indemnity plans, accident insurance, and critical illness plans. 17 Mental health parity rules do not apply to short-term plans or excepted benefits coverage. 19 20 How did the Affordable Care Act expand coverage of mental health care?

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Out-Of-Pocket Insured Insurance Insurer 62

Scott Insurance

APRIL 21, 2020

Material Change in Risk Manufacturers & Distributors should prepare for the possibility of increased underwriting scrutiny. Insureds should expect that more information will be required during the underwriting process, including customer/supplier contracts and risk control measures.

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LexisNexis

OCTOBER 10, 2024

Rassp, Presiding Judge, WCAB Los Angeles, California Division of Workers’ Compensation Disclaimer: The material and any opinions contained in this article are solely those of the authors and are not the opinions of the Department of Industrial Relations, Division of Workers’ Compensation, or the WCAB, or any other entity or individual.

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Triple-I: Workers Compensation

JULY 27, 2023

Workers compensation insurance provides for the cost of medical care, rehabilitation, and wage replacement for injured workers and death benefits for the dependents of persons killed in work-related accidents. A combined ratio below 100 represents an underwriting profit, and one above 100 represents a loss.

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