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- Workers' comp changes ahead: changes to the legal terrain on both federal and state levels pose a challenge to workers' comp stakeholders, The slowing decrease in claims frequency and all its reasons pose another
- [ILLUSTRATION OMITTED] Human resources and workers' comp offices around the country are waiting to see how their obligations will change when the ADA Amendments Act is signed into law. The House unanimously adopted the Senate version of the bill on Sept. 17, and as of the publication date for...
- Research articles 2008-10-15
- Lower costs, varied successes
- The last few years have been good to workers' compensation insurers. For the first time in decades they financially performed on par with what Wall Street expects from corporate America. Between 2002 and 2005 workers' comp premiums rose sharply; though they have since declined somewhat. By one account, the...
- Research articles 2007-12-01
- The utilization side of the story: utilization management is an increasingly important component of controlling pharmaceutical costs. No wonder workers' compensation PBMs are multiplying like rabbits
- [ILLUSTRATION OMITTED] Let's say you and your pharmacy benefit manager are sophisticated and vigilant in your efforts to control spending on pharmaceuticals. Despite the wholesale pricing complications, you feel confident that your injured employees are getting what they need to heal the injury and return to work quickly at...
- Research articles 2007-11-01
- Oklahoma Insurance Commissioner levies $400,000 fine against 11 AIG
- Oklahoma Insurance Commissioner Kim Holland announced Tuesday that a $400,000 civil penalty has been levied against 11 American International Group workers' compensation insurance companies, the largest such fine in state history. Agency communications director Marc Young said the AIG companies have already agreed to and paid the fine...
- Research articles 2007-03-21
- 'Excellent' comp results; Workers comp insurers post best year in decades.(News)
- Byline: ROBERTO CENICEROS BOCA RATON, Fla.-U.S. workers compensation insurers posted "excellent'' financial results for 2006, with all major measures improving significantly, according to an NCCI Holdings Inc. analysis released last week. Byline: ROBERTO CENICEROS BOCA RATON,...
- Research articles 2007-05-14
- The Challenge of Preventing Serious Injuries
- A proposal for SH&E professionalsAbstract:This article discusses the noteworthy and adverse progression over the past several years with respect to serious injuries and workers' compensation claims costs. The types of activities out of which many serious injuries occur are discussed, as are the results of studies on the characteristics of...
- Research articles 2006-04-01
- Workers' comp for RSI-related injuries more costly overall
- Ergonomics-related stress injuries, such as carpal tunnel syndrome, are relatively minuscule in number when stacked up against the foodservice industry's otherwise-lengthy tally of injuries from slipping or falling--the leading cause of lost hours and insurance claims for restaurants. But when the costs for time off from work and medical...
- Research articles 2005-06-13
- Workers' compensation claims continue frequency decline.(National Report)
- A key market issue facing employers and workers' compensation insurers is whether the large declines in claim frequency that began in the 1990s are likely to continue, according to the National Council on Compensation Insurance. In late 2003, research by the council showed a...
- Research articles 2005-01-01
- Florida contractors to benefit from workers' compensation premium cuts.
- By Morris Fraser, Northwest Florida Daily News, Fort Walton Beach Knight Ridder/Tribune Business News Nov. 5--An additional 5.1 percent decrease in the rate for workers' compensation premiums will help contractors lower direct costs and cover more workers, according to the vice president...
- Research articles 2004-11-05
- Indiana Plans to Drop National Worker's Comp Administrator.
- By Bill Theobald, The Indianapolis Star Knight Ridder/Tribune Business News Mar. 27--State officials are planning to end Indiana's relationship with a troubled national firm that helps provide worker's compensation coverage for companies that otherwise couldn't buy insurance. The...
- Research articles 2004-03-27
- Workers' compensation claim frequency declines.
- Over the past several years, the National Council on Compensation Insurance has reported that on-the-job claim frequency for workers' compensation injuries has continued to decline--a bright spot for workers, employers, and their insurers. Interestingly, the latest NCCI research shows that this decline has been most pronounced...
- Research articles 2004-01-01
- Workers' comp results improving.(ON THE MEND)(WORKERS' COMPENSATION insurance)
- WORKERS' COMPENSATION insurance profitability is at its best level in years, with the 2004 calendar year combined ratio dropping four points to 105, the National Council on Compensation Insurance reported at its annual conference here. NCCI said i WORKERS' COMPENSATION insurance profitability is...
- Research articles 2005-05-09
- Time to face new realities
- New, compensable conditions enter the workers' compensation system from time to time, yet one millennia old condition is still not adequately accepted: post-traumatic stress disorder, or PTSD. Until it is, our workers' comp system serves as a doubtful shield against the ravages of PTSD. How individuals respond to...
- Research articles 2003-10-15
- Doctors' prescription proliferation hikes workers' compensation cost.(Drug Trends)
- A surge in prescription activity by doctors is having a greater impact on the cost of treating injured workers than the price of drugs, according to new research from the National Council On Compensation Insurance. The findings were made in the report "Prescription Drugs:...
- Research articles 2003-09-22
- WC results improve, but line still in the red.(Outlook 'Cautionary')
- THE WORKERS' COMPENSATION insurance line remained in the red last year despite a three-point improvement in the combined ratio to 108, the premier service organization for the industry announced last week. This was the second consecutive year that THE WORKERS' COMPENSATION insurance line...
- Research articles 2004-05-10
- New insurance catastrophe provisions effective in 32 states
- Employers may see a new fee on their workers' compensation insurance policies. A separate charge is now being added to cover terrorism. The Terrorism Risk Insurance Act, signed into law in December, requires insurers to notify policyholders the amount they're charged for possible losses due to terrorist attacks. Since workers'...
- Research articles 2003-03-17
- The soaring costs of workers' Comp: despite rigorous efforts to control costs and prevent accidents, employers still are experiencing staggering premium increases. Solutions are in short supply
- Dade Behring Inc., a $1.2 billion medical diagnostics manufacturer in Deerfield, Illinois, did everything right to keep its workers' compensation premium down. Still, its insurance bill soared a punishing 100 percent. Despite its efforts--shopping around for the best and cheapest insurance, demonstrating to insurers its commitment to curbing costs--the...
- Research articles 2003-02-01
- EQECAT Releases Probabilistic Terrorism Insurance Model
- Business Editors & High-Tech Writers OAKLAND, Calif.--BUSINESS WIRE--Sept. 11, 2002 EQECAT Inc., an ABS Consulting company, today announced the release of a full probabilistic model for terrorism risk assessment for use by insurers and reinsurers. "We believe the EQECAT terrorism model to be the only model currently available...
- Research articles 2002-09-11
- Florida Insurers Seek 21.5 Percent Increase in Workers Compensation Rates.
- By Jeff Ostrowski, The Palm Beach Post, Fla. Knight Ridder/Tribune Business News Aug. 27--Florida's workers compensation insurers want a 21.5 percent rate hike next year. Saying claims by injured workers outpace premiums paid by employers, NCCI Holdings, the Boca...
- Research articles 2002-08-27
- EQECAT to Develop Catastrophe Modeling Scenarios for the National Council On Compensation Insurance
- Business Editors OAKLAND, Calif.--BUSINESS WIRE--June 19, 2002 EQECAT Inc., an ABS Consulting company, has been selected by the National Council On Compensation Insurance NCCI to provide the modeling of workers' compensation catastrophe losses. The selection of EQECAT was announced at the NCCI Annual Issues Symposium, held in Orlando,...
- Research articles 2002-06-19
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