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"Workers Comp: Loss Control" -- Risk & Insurance Listings
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Check-cashing scheme seen as big threat to Florida's comp system
Florida officials last month charged eight people with workers' comp fraud and money laundering, and their investigation continues.
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09/17/12
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62
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California rating agency seeks 12.6 percent increase in pure premium rates
"Workers' compensation underlying costs have continued to deteriorate since our last pure premium rate filing, submitted April 12, 2012." With that, the California Workers' Compensation Insurance Rating Bureau summarized its rate filing for January 2013.
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09/17/12
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63
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Workers' comp stakeholders eye latest fraud
Workers' comp carriers are helping Florida officials address a money laundering scheme that is costing the state potentially $1 billion per year.
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09/17/12
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64
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Longer indemnity benefit durations correlated with opioid use, study shows
"Duration for claims with prescribed opioid pain medication is clearly higher than for claims without opioids prescribed," says a new NCCI study. While acknowledging opioids do not necessarily cause longer durations, the researchers say it may be an area that warrants further research.
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09/13/12
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65
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Delaware: Division announces workers' compensation rate
The Division of Industrial Affairs issued a memorandum announcing the new workers' compensation rate.
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09/10/12
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66
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California: Frequency for private self-insureds drops a hair
Rates of medical-only claims declined slightly while lost-time claim frequency edged up among California's private self-insured employers last year. The result was a drop in overall claim frequency of just over 2 percent.
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09/10/12
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67
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Report: Workers' comp is larger fraud area for property/casualty industry
Insurance claims fraud is exploding, according to a new report. The rate of questionable claims for the first time increased by 19 percent from 2009 to 2011 with workers' comp one of the largest fraud areas.
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09/06/12
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68
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West Virginia: NCCI files for 8th rate decrease since privatization
The improvement in workers' comp claims from 2010 to 2011 is credited for a decrease in West Virginia's rates. Gov. Earl Ray Tomblin announced an overall 9.1 reduction in workers' comp loss costs effective Nov. 1.
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09/04/12
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69
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New York rating board 'extremely disappointed' in loss cost decision
Loss costs in the New York workers' comp system will remain unchanged this year. The Cuomo administration rejected the New York Compensation Insurance Rating Board's proposed 11.5 percent increase, saying the state's businesses must remain competitive in order to create jobs and get the state's economy back on track.
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08/27/12
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70
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NCCI: Comp claim frequency declined in 2011
The rate of workers' comp claims was back down in 2011. The 1 percent decrease came on the heels of a 3 percent increase in 2010 -- the first hike in frequency since 1997.
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08/23/12
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71
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A.M. Best: 2010 may mark the end of state funds' recent cycle
Net premiums written by state funds increased more than 7 percent in 2011. The market is likely to see more significant growth than the rest of the workers' comp industry this year, according to a new analysis from A.M. Best.
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08/23/12
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72
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WC experts eye Texas closed formulary for legacy claims
Long-term opioid users in the Texas workers' comp system are getting a wake-up call. The state next year is shutting off their supply unless they have pre-authorization.
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08/20/12
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73
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Determining appropriate treatment plans
There are cases in which opioids might be the best treatment for an injured worker. But physicians need to be able to tell whether a treatment is working and use the right yardstick.
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08/20/12
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74
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North Carolina: Commission outlines changes to filing requirements
The Industrial Commission proposed to amend rules regarding workers' compensation filing requirements.
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08/16/12
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75
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Survey: Workers' comp market follows bumpy path
Workers' comp insurers are trying to "settle in at appropriate pricing," said Richard Kerr, CEO of MarketScout, after the company's release of the latest commercial rates.
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08/09/12
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76
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California: Board spells out rules for lien claims
The Workers' Compensation Appeals Board adopted rules regarding lien claims, which went into effect on May 21.
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08/06/12
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77
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Lump-sum settlements may aid return-to-work process, study finds
More injured workers returned to work after receiving a lump-sum settlement than exited the workforce, says a new study. The findings offer answers about the effect of settlements on return-to-work efforts.
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08/06/12
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78
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Oregon: Bulletin covers self-insured base rates
The Workers' Compensation Division issued a bulletin regarding self-insured base rates and election of method used for determination of premium.
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07/30/12
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79
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Washington hails success of Stay-at-work program on first anniversary
Returning injured workers to the workforce can be tricky in the current economic environment. Some employers question whether it is feasible to pay a less-productive injured worker and may instead consider replacing that employee with a less expensive new hire.
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07/30/12
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80
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California: Combined ratio up to 122 percent for calendar year 2011
The combined loss and expense ratio in California's workers' comp system increased by five percentage points from 2010 to 2011.
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07/26/12
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