Quote of the day
"The construction industry is such a tightly controlled industry. It's tough for a direct writer."
Blake Baker, Colemont Insurance Brokers, on EDIC's decision to ink a wholesaler agreement for a new construction product.
Go to the full story in Workers' Comp Executive
Are Reinsurance Markets Turning?
One reinsurer is leading the charge to harden the reinsurance market. Will retail carriers have the stomach to hold the line or will they be caught in the cycle of rate hikes? Intermediaries have some thinking to add to the discussion and there’s always the lobbying, isn’t there? Premium subscribers can understand what’s really going on, who the players are, and what the likely outcome is by clicking here.
Go to the Full Story…
Direct Writer Inks Wholesale Deal
One of the premier direct writers in California is entering a new market, and it’s inked a deal with a wholesaler and is dealing through brokers. A direct writer is writing in a segment through brokers. Premium subscribers can find out about the carrier, the wholesaler and the segment—and even why the carrier goes head to head with SCIF. Just click here.
Go to the Full Story…
Is Medicare Killing the Settlement Process?
Representatives on both sides of the workers’ comp issue say that the issue of Medicare set-asides is causing a drop in the number of cases settled. Will new rules from CMS help or hinder the process?
Go to the Full Story…
Loss Trend Deepens
Final second-quarter data from the Workers’ Compensation Insurance Rating Bureau show continued erosion of premiums and loss ratios. Duh. The numbers are here if you’re a premium subscriber.
Go to the Full Story…
MCC Costs on the Rise
With new tools at hand, employers and carriers are spending twice as much as before on their efforts to contain workers’ comp costs. Are the efforts paying off?
Go to the Full Story…
More Smack for Public Employers
All employers were supposed to benefit from the lower costs created by workers’ comp reform. But cities and counties are being hit with expensive presumptions. Who’s for it, who’s against it and who else is coming in for more of the same? Premium subscribers can click here for the whole story.
Go to the Full Story…
Caught In the Crossfire
What information can be gleaned from the standoff over Carrie Nevans’ confirmation as administrative director of the Division of Workers’ Compensation? Publius says it runs much deeper than just a tit-for-tat between Perata and the administration. Premium subscribers can find out more inside.
Go to the Full Story…