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

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. 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.

Workers Comp 89

Workers Comp Injury Workers Compensation Claim 89

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

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

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 59

Workers Comp Premium Workers Compensation Compensation 59

AMAXX

JUNE 17, 2025

Click Link to Access Free PDF Download “13 Research Studies to Prove Value of Return-to-Work Program & Gain Stakeholder Buy-In” In this post, we’ll explore what the Return-to-Work Ratio is, why it’s so important, and how you can use it to drive better results across your workers’ comp program.

Workers Comp 66

Workers Comp Workers Compensation Injury Claim 66

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

AMAXX

MAY 21, 2025

In reality, the employer foots the bill for every dollar spent in the workers compensation system. Understanding who truly pays for workers comp is more than a technicalityits a mindset shift that unlocks better program management, smarter spending, and improved outcomes for injured workers. roofing vs. clerical work).

Workers Comp 66

Workers Comp Workers Compensation Premium Injury 66

Insurance Journal

MAY 21, 2025

The owner of a San Jose-based security company was sentenced after a California Department of Insurance investigation reportedly uncovered a multiyear scheme to underreport payroll and avoid paying workers’ compensation insurance premiums. Raul Chavez, 40, pleaded guilty to felony premium …

Workers Comp 230

Workers Comp Premium Compensation Insurer 230

AMAXX

MAY 27, 2025

In reality, workers comp costs are one of the most controllable expenses in your organization. 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. Avoid It : Shift your mindset.

Workers Comp 59

Workers Comp Workers Compensation Injury Claim 59

Insurance Journal

SEPTEMBER 12, 2024

Oregon employers will pay on average less for workers’ compensation coverage in 2025. The Oregon Department of Consumer and Business Services the decline in workers’ comp rate, which marks 12 years of average decreases in the pure premium rate. Employers …

Premium 147

Premium Workers Comp Compensation Workers Compensation 147

Insurance Journal

APRIL 30, 2025

The Workers’ Compensation Insurance Rating Bureau of California submitted a September 1, 2025 pure premium rate filing, proposing advisory pure premium rates on average 11.2% above the average approved September 1, 2024 advisory pure premium rates. The average of the …

Premium 147

Premium Workers Comp Compensation Workers Compensation Insurance 147

Triple-I: Workers Compensation

FEBRUARY 14, 2025

Combined ratio the most common measure of insurer underwriting profitability is calculated by dividing the sum of claim-related losses and expenses by premium. Net combined ratio and net written premium growth rates for Workers Comp are analyzed, forecasted, and reported in Triple-I quarterly members-only webinars.

Workers Comp 40

Workers Comp Premium Workers Compensation Workers Compensation Insurance 40

Insurance Journal

DECEMBER 23, 2024

DADEVILLE, Ala. (AP) AP) A storm was looming when the inmate serving 20 years for armed robbery was assigned to transport fellow prisoners to their jobs at private manufacturers supplying goods to companies like Home Depot and Wayfair. It didn’t …

Workers Comp 277

Workers Comp Workers Compensation Premium Compensation 277

AMAXX

FEBRUARY 18, 2025

When it comes to managing workers’ compensation, understanding classification rules is fundamental. These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. What Are Classification Rules?

Workers Compensation 103

Workers Compensation Compensation Workers Comp Premium 103

Insurance Journal

MAY 14, 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 179

Workers Comp Compensation Premium Workers Compensation Insurance 179

Triple-I: Workers Compensation

MAY 20, 2025

Workers compensation is a product where compassion and analytics work hand-in-hand protecting and caring for employees, while also leveraging data to make the entire system more effective and sustainable, Ryan said. Continued strong results Workers comp remains financially fit, according to NCCI Chief Actuary Donna Glenn, FCAS, MAAA.

Workers Comp 45

Workers Comp Workers Compensation Compensation Claim 45

AMAXX

MARCH 11, 2025

Large claims can have significant long-term impacts on premiums, experience modification factors, and overall workers’ compensation costs. 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 52

Workers Comp Claim Workers Compensation Injury 52

Insurance Journal

FEBRUARY 14, 2025

Premium renewal rates increased year over year for all major commercial lines, except workers’ compensation, according to the January 2025 results of the Ivans Index. Month over month, commercial auto, business owners policy (BOP), and commercial property experienced decreases in …

Commercial 147

Commercial Workers Comp Business Owners Policy Commercial Property 147

AMAXX

JANUARY 15, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Things that we don’t understand can seem a lot more difficult than they actually are. Hello, my name is Michael Stack and I’m the CEO of Amaxx.

Workers Comp 95

Workers Comp Workers Compensation Premium Compensation 95

AMAXX

FEBRUARY 10, 2025

Click Link to Access Free PDF Download “How to Calculate Your Minimum Experience Mod, Controllable Premium & the Revenue Impact” Whatwe’retryingtodohere,whatdidnotwhatnecessarilywe,whattheinsurancecarriers,whattheunderwriterstryingtodoisthey’retryingtogetanaccurateperceptionofrisk.

Workers Comp 66

Workers Comp Risk Workers Compensation Premium 66

AMAXX

MARCH 18, 2025

An effective injury investigation ensures that only valid claims proceed, protecting both the company and legitimate injured workers. When employees understand that workers compensation is not a blank check, they are less likely to attempt questionable claims.

Workers Compensation 71

Workers Compensation Compensation Claim Workers Comp 71

Simply Insurance

JUNE 16, 2025

For example, the long-term care insurance deduction for self-employed individuals differs from the long-term care premiums tax deductible for S corps. In these situations, if you own more than 2 percent of the S Corp as a shareholder, the S Corp pays your insurance premium. Your deductions also vary based on your situation.

Deductible 85

Deductible Insurance Quotes Life Insurance Insurer 85

AMAXX

SEPTEMBER 23, 2024

When it comes to calculating workers’ compensation premiums, two critical factors play a significant role: the frequency and severity of claims. Understanding how these two factors interact can help businesses reduce their premiums and improve workplace safety.

Workers Compensation 91

Workers Compensation Premium Compensation Workers Comp 91

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. You’re gonna have to some of these premium adjustments. We’ve got things under control based on your mod.

Workers Comp 64

Workers Comp Risk Workers Compensation Injury 64

Simply Insurance

JUNE 15, 2025

Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application submission and underwriting outcome. We do our best to ensure that this information is up-to-date and accurate.

Workers Comp 52

Workers Comp Insurance Quotes Small Business Insurance Life Insurance 52

Simply Insurance

JUNE 16, 2025

About Life Event Statistics Discover the most up to date life event statistics in America and how they affect your insurance premiums. Any insurance policy premium quotes or ranges displayed are non-binding. Home Warranties Home Warranty Quotes Home Warranty Rates By State What Is A Home Warranty?

Workers Comp 52

Workers Comp Insurance Quotes Small Business Insurance Life Insurance 52

Simply Insurance

JUNE 16, 2025

Any insurance policy premium quotes or ranges displayed are non-binding. The final insurance policy premium for any policy is determined by the underwriting insurance company following application submission and underwriting outcome. We do our best to ensure that this information is up-to-date and accurate.

Workers Comp 52

Workers Comp Insurance Quotes Small Business Insurance Life Insurance 52

Simply Insurance

JUNE 23, 2025

They offer various discounts, including multi-policy discounts, that can save you money on your premium. However, they are in the process of updating how they calculate risk and monthly premiums. How Will This New Rating System Affect NFIP flood insurance premiums? Premiums will only increase until the full-risk rate is reached.

Home Insurance 88

Home Insurance Insurance Quotes Life Insurance Insurer 88

AMAXX

JANUARY 14, 2025

By participating in the workers compensation system, employers can avoid these challenges, maintain focus on their business goals, and foster a stable work environment. Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” 2.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Injury 98

Simply Insurance

JUNE 12, 2025

However, you should always ensure that the monthly premium doesnt cost more than what your property brings in on average every month; otherwise, it wont be worth the cost of coverage. Any insurance policy premium quotes or ranges displayed are non-binding. Is landlord rental insurance worth it? Is Geico landlord insurance good?

Insurance Quotes 94

Insurance Quotes Life Insurance Insurer Insurance 94

AMAXX

JANUARY 13, 2025

Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk. Click Link to Access Free PDF Download “Step-By-Step Process To Master Workers Comp In 90 Days” 3.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

AMAXX

MARCH 4, 2025

Data from OSHA and the National Safety Council consistently show that businesses that invest in safety programs experience lower insurance premiums, fewer lost workdays, and improved productivity. 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 71

Workers Comp Workers Compensation Injury Compensation 71

AMAXX

JUNE 16, 2025

Reduced Mod Factor According to the RIMS 2010 Benchmark Survey, employers with fewer than 50% of workers returning to work within 4 days are over two and a half times more likely to have an experience modification factor (mod) over 1.1. A high mod increases your insurance premiums.

Workers Comp 71

Workers Comp Workers Compensation Injury Claim 71

Simply Insurance

JUNE 11, 2025

However, you should always ensure that the monthly premium doesnt cost more than what your property brings in on average every month; otherwise, it wont be worth the cost of coverage. Any insurance policy premium quotes or ranges displayed are non-binding. Is landlord rental insurance worth it? Is Geico landlord insurance good?

Insurance Quotes 86

Insurance Quotes Life Insurance Insurer Liability 86

Simply Insurance

JUNE 15, 2025

They offer various discounts, including multi-policy discounts, that can save you money on your premium. However, they are in the process of updating how they calculate risk and monthly premiums. How Will This New Rating System Affect NFIP flood insurance premiums? Premiums will only increase until the full-risk rate is reached.

Home Insurance 83

Home Insurance Insurance Quotes Life Insurance Insurer 83

AMAXX

AUGUST 7, 2024

When it comes to managing workers’ compensation, understanding classification rules is fundamental. These rules not only influence the amount you pay in premiums but also help ensure that your company is correctly classified based on the work it performs. What Are Classification Rules?

Workers Compensation 102

Workers Compensation Compensation Workers Comp Premium 102