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Claim Counts Down, Losses up for California Workers’ Comp Private Self-Insureds

Insurance Journal

California’s private self-insured employers reported 7.4% fewer workers’ compensation claims in 2024 than in 2023, pushing private self-insured claim frequency to a four-year low, a new report shows. However, for the second straight year, the average paid and incurred losses …

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Report: California Workers’ Comp Combined Ratio Highest in 14 Years

Insurance Journal

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.

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How to Start a Clothing Boutique: Insurance Edition

Central Insurance

Protect your clothing boutique from day one with essential insurancecovering liability, property, cyber risks, workers comp, and more. The post How to Start a Clothing Boutique: Insurance Edition appeared first on Central Insurance Blog.

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The Grand Bargain: How Workers’ Comp Became a Win-Win for Employers and Employees

AMAXX

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. Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” In short, the system wasnt working for anyone.

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Massachusetts Denies 7.1% Workers’ Comp Rate Hike After 2024 ‘Excessive’ Cut

Insurance Journal

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 …

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Massachusetts High Court Orders Workers’ Comp Trust Fund Payments

Insurance Journal

In two separate rulings, the Massachusetts Supreme Judicial Court has found that an insurer in runoff and the state’s insolvency fund were both wrongly denied certain payments they are entitled from the state’s workers’ compensation fund. The high court found …

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The Case for Injury Duration Guidelines in Modern Workers’ Comp Programs

AMAXX

By providing clear benchmarks for recovery, Injury Duration Guidelines help prevent unnecessary treatments and reduce claim durations, benefiting both employers and insurers. By promoting consistency, fairness, and efficiency, these guidelines benefit everyone involvedinjured workers, employers, medical providers, and insurers alike.