AMAXX

MARCH 18, 2025

While using an approved network is necessary for insurance and cost-control reasons, not all doctors within the network are equally effective at managing workplace injuries. He is co-author of the #1 selling comprehensive training guide Your Ultimate Guide to Mastering Workers Comp Costs: Reduce Costs 20% to 50%.

Workers Comp 94

Workers Comp Workers Compensation Injury Compensation 94

Insurance Journal

APRIL 2, 2025

The Texas Department of Insurance said in a March 28 bulletin that it accepted the National Council on Compensation Insurance (NCCI) advisory loss cost filing proposal of an overall average decrease of 11.5% to the current loss cost level. The …

Workers Comp 241

Workers Comp Compensation Insurance Insurer 241

Insurance Journal

OCTOBER 3, 2024

The Workers’ Compensation Insurance Rating Bureau is giving its take on bills passed and passed on by California Legislature this year. The Legislature recessed for the year and Gov. Gavin Newsom had until Sept. 30 to sign or veto any …

Workers Comp 264

Workers Comp Compensation Workers Compensation Workers Compensation Insurance 264

Insurance Journal

SEPTEMBER 12, 2024

EverPeak Insurance, a workers’ compensation insurer that specializes in hard-to-place industries and small businesses, has recently expanded into South Carolina. Vice President and Chief Operating Officer Vlad Stojanovic said the move will help address the difficulties that some employers face …

Workers Comp 259

Workers Comp Compensation Workers Compensation Insurance 259

Insurance Journal

DECEMBER 5, 2024

Summit, a regional provider of workers’ compensation insurance services, announced the expansion of its coverage into Illinois.

Workers Comp 243

Workers Comp Casualty Insurance Compensation Insurance Companies 243

Insurance Journal

DECEMBER 1, 2024

The average cost of workers’ compensation insurance in Washington will go up about 3.8% Employers and workers together will pay on average roughly $1 per week more for each … in 2025, the Washington State Department of Labor & Industries announced.

Workers Comp 263

Workers Comp Premium Compensation Workers Compensation 263

Insurance Journal

JANUARY 15, 2025

A recent decision and concurring opinion by a Florida appeals court may have upset years of practice and could raise costs for workers’ compensation insurers. Some claims that carriers were once ready to close out of due to the statute …

Workers Comp 264

Workers Comp Compensation Claim Workers Compensation 264

Insurance Journal

AUGUST 22, 2024

The West Virginia insurance commissioner’s office has adopted a new policy: It will soon begin destroying workers’ compensation claim files that are 10 years old or older. “Given increasing cybersecurity concerns and the type of information contained in the closed …

Workers Comp 279

Workers Comp Cyber Compensation Risk 279

Insurance Journal

AUGUST 25, 2024

FCBI, a self-insurance fund founded 45 years ago to provide workers’ compensation plans to Florida citrus growers, is expanding well beyond the Sunshine State with the acquisition of MidSouth Mutual Insurance Co. in Tennessee. MidSouth has been demutualized and has …

Workers Comp 278

Workers Comp Compensation Workers Compensation Insurance 278

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

SEPTEMBER 9, 2024

A businessman in south Georgia who called his business a tax preparation site for immigrants is now facing multiple charges that he swindled clients out of thousands of dollars in workers’ compensation insurance premiums. Emmanuel Torres Cruz, 34, was arrested …

Workers Comp 263

Workers Comp Premium Compensation Workers Compensation 263

Insurance Journal

DECEMBER 6, 2024

The Missouri Department of Commerce and Insurance (DCI) announced that employers should see a reduction in workers’ compensation rates in 2025, marking the fourth straight year of decreased rates. The projected rate reduction is based off preliminary figures collected by …

Workers Comp 246

Workers Comp Compensation Insurance Insurer 246

AMAXX

FEBRUARY 17, 2025

The Link Between Trust and Outcomes A study conducted by the Workers Comp Research Institute (WCRI) highlights the crucial role that trust and fear play in an injured workers recovery and financial stability. ” Workers need clear, timely updates about their benefits, particularly wage replacement checks.

Workers Comp 66

Workers Comp Claim Workers Compensation Injury 66

Insurance Journal

NOVEMBER 14, 2024

The workers’ compensation market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation Annual Report 2024 from the Insurance Council of Texas. Texas has …

Workers Comp 246

Workers Comp Compensation Workers Compensation Insurance 246

Insurance Journal

JULY 29, 2024

The California workers’ compensation system has been relatively stable in the post-pandemic era, as premium levels rose by 1% in 2023 and are forecast to increase modestly in 2024—while decreases in average insurer charged rates are moderating, a new report …

Workers Comp 263

Workers Comp Compensation Premium Workers Compensation 263

Insurance Journal

JANUARY 3, 2025

Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. Colorado Gov. The big idea is that pulling up …

Workers Comp 290

Workers Comp Compensation Workers Compensation Insurance 290

Insurance Journal

OCTOBER 6, 2024

By William Rabb In recent years, workers’ compensation insurers have struggled to accurately gauge the precise trends in medical costs, and have had to rely on indexes that weren’t quite on-point: The U.S. Consumer Price Index is geared toward what …

Workers Comp 264

Workers Comp Compensation Insurance Insurer 264

AMAXX

MARCH 24, 2025

Michael Stack, CEO of Amaxx LLC, is an expert in workers compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers compensation costs by 20% to 50%. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

Workers Comp 72

Workers Comp Premium Injury Workers Compensation 72

Insurance Journal

OCTOBER 24, 2024

The owner of a Fresno, California-based for-profit vocational school was charged with engaging in fraudulent billing practices related to workers’ compensation. Paul Steve Ramirez, 59, was charged with 11 felony counts, including insurance fraud. The fraudulent insurance claims could reach …

Workers Comp 264

Workers Comp Compensation Insurance Claim Claim 264

AMAXX

APRIL 10, 2025

Heres a closer look at best practices every risk manager should be following to create a high-performing, cost-effective workers compensation program. Are you fully insured, self-insured, or working with a third-party administrator (TPA)? You should consult with your insurance broker, attorney, or qualified professional.

Workers Comp 59

Workers Comp Risk Workers Compensation Injury 59

Insurance Journal

AUGUST 13, 2024

The National Council on Compensation Insurance is recommending a 9.1% decrease in workers’ compensation loss cost projections for the West Virginia voluntary market. If approved by regulators, it would mark the 20th straight year of rate decreases for the state, …

Workers Comp 261

Workers Comp Compensation Workers Compensation Insurance 261

Insurance Journal

JULY 31, 2024

Written premium for the first quarter of 2024 was 3% lower than the first quarter of 2023, while written premium in 2023 was slightly above 2022, according to the Workers’ Compensation Insurance Rating Bureau of California. The WCIRB released its …

Premium 276

Premium Workers Comp Compensation Workers Compensation 276

Insurance Journal

AUGUST 29, 2024

Los Angeles area vocational school owner, Guillermo Frias, 65, of Paramount, and the school’s accounting manager, Yesid Colon, 54, of Baldwin Park, were arraigned following a California Department of Insurance investigation into allegations they submitted fraudulent claims to receive money …

Workers Comp 246

Workers Comp Claim Workers Compensation Insurance 246

AMAXX

MARCH 10, 2025

Be meticulous in updating personnel files, health insurance documentation, and records of sick leave. This post is one in a 2-part series: Part 1: Layoff Planning to Control Workers Comp Claims Part 2: Layoff Planning to Control Workers Comp Claims 3. All state laws vary.

Workers Comp 59

Workers Comp Claim Workers Compensation Injury 59

AMAXX

MARCH 10, 2025

Here are six critical actions your company can take before a planned layoff to effectively manage and potentially reduce workers compensation claims: This post is one in a 2-part series: Part 1: Layoff Planning to Control Workers Comp Claims Part 2: Layoff Planning to Control Workers Comp Claims 1.

Workers Comp 59

Workers Comp Claim Workers Compensation Injury 59

Insurance Journal

DECEMBER 1, 2024

By Jahna Jacobson Texas’s worker’s compensation market is stable and steadily growing. The workers’ comp market is one of the few consistently profitable lines in the state, according to the Worker’s Compensation Annual Report 2024 from the Insurance Council of …

Workers Comp 228

Workers Comp Compensation Insurance Insurer 228

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

Insurance Journal

OCTOBER 2, 2024

The road construction firm that employed six workers who were killed and another who was seriously injured in the collapse of Baltimore’s Key Bridge, along with its workers’ compensation carrier, have filed claims against the owner and operator of the …

Workers Comp 203

Workers Comp Compensation Claim Insurer 203

Insurance Journal

MARCH 9, 2025

Worker misclassification in Maryland is widespread, leaving thousands of workers without injury protection and depriving insurance companies of more than $58 million in workers’ compensation premiums each year, according to a report from a state task force. Maryland’s Joint Enforcement …

Premium 255

Premium Workers Comp Injury Compensation 255

Insurance Journal

OCTOBER 6, 2024

The impact and surge of long-term COVID on the California workers’ compensation system since 2020 has been prevalent, including long-term impacts on disability and long-term patterns of medical cost and treatment on long COVID claims. That’s from a report by …

Workers Comp 278

Workers Comp Claim Compensation Workers Compensation Insurance 278

Insurance Journal

JANUARY 22, 2025

Average workers’ compensation loss costs for the voluntary market in Tennessee will drop by 3.6% The National Council on Compensation Insurance recommended the decrease in a September … starting March 1, marking the 12th straight year for decreases in the state.

Workers Comp 246

Workers Comp Compensation Workers Compensation Insurance 246

Insurance Journal

DECEMBER 4, 2024

Claim frequency in California workers’ compensation remains significantly higher in the Los Angeles Basin than in the northern part of the state, a new study shows. The Workers’ Compensation Insurance Rating Bureau of California released its WCIRB Geo Study 2024, …

Workers Comp 245

Workers Comp Claim Compensation Workers Compensation Insurance 245

AMAXX

MARCH 24, 2025

This post is one in a 3-part series: Part 1: Workers Comp Independent Premium Audits Explained Part 2: Workers Comp Independent Premium Audits Explained Part 3: Workers Comp Independent Premium Audits Explained To qualify for this treatment, construction employers must keep meticulous records specifying exact hours worked per classification code.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

AMAXX

FEBRUARY 25, 2025

Michael Stack, CEO of Amaxx LLC, is an expert in workers compensation cost containment systems and provides education, training, and consulting to help employers reduce their workers compensation costs by 20% to 50%. Stack is the creator of Injury Management Results (IMR) software and founder of Amaxx Workers Comp Training Center.

Workers Comp 80

Workers Comp Injury Workers Compensation Claim 80

Insurance Journal

JANUARY 15, 2025

Two months after his law license was suspended and he was charged with illicitly filming renters at his beach property, a South Carolina workers’ compensation attorney now faces a civil lawsuit by one of the alleged victims. The lawyer for …

Workers Comp 290

Workers Comp License Compensation Liability Insurance 290

Insurance Journal

DECEMBER 17, 2024

Massachusetts workers’ compensation insurers have filed for a 7.1% increase in average rates for industrial classes beginning July 1, 2025 the first rate increase since 2016. Why an increase in 2025? According to the industry, it’s because the state …

Workers Comp 246

Workers Comp Compensation Workers Compensation Insurance 246

Property Insurance Coverage Law

AUGUST 30, 2024

Employer’s liability insurance protects businesses from lawsuits filed by employees who have suffered a work-related injury or illness. appeared first on Property Insurance Coverage Law Blog.

Liability Insurance 170

Liability Insurance Liability Workers Comp Workers Compensation Insurance 170