carriers | Workers’ Comp Executive | Workers’ Comp Executive

Menu

Website Privacy Violation Lawsuit Against Carrier

The U.S. District Court for the Central District of California granted a motion by Accident Fund Holdings to dismiss a purported class action lawsuit alleging the carrier’s website violated California’s privacy laws. A self-proclaimed online privacy tester filed the lawsuit. Emily Rodriguez filed the lawsuit after visiting the website for CompWest Insurance Company, an Accident … Read More »

This content is only available to premium subscribers. Please login here log in

Carriers Increase Charged Rate

California employers, on average, saw a 6% rate hike in the first quarter of the year after the Insurance Commission approved an 8.7% increase in advisory pure premium rates effective last September 1st. Advisory rates are set to go up another 6.6% at the beginning of September, although many individual classes are increasing over 20%. … Read More »

This content is only available to premium subscribers. Please login here log in

Who Are the Largest Workers’ Comp Carriers

The latest workers’ comp premium and market share data from the National Association of Insurance Commissioners (NAIC) show that written premium dipped by $1.25 billion last year to just over $56 billion nationwide. The top 15 carrier groups account for nearly 55% of the total written amount; the top 25 carriers account for 68%, with … Read More »

This content is only available to premium subscribers. Please login here log in

Employer Fights What Carrier Reported to the Bureau

A real estate management company maintains that the manner in which a $70,000 workers’ compensation claim settlement was reported to the Workers’ Compensation Insurance Rating Bureau caused its X-Mod to increase precipitously. In 2022, X-mod was 85, and it increased to 376 in 2023, then was revised down to 357 for the same period. Other … Read More »

This content is only available to premium subscribers. Please login here log in

Cumulative Trauma Claims Impacting Carriers Financials

Executives at Employers Holdings Inc. (NYSE: EIG) say a rapid increase in the number of cumulative trauma claims stemming from its California operations is having a negative impact on its financials. The workers’ comp specialty carrier says CT claims are adding three points to its 2025 accident year loss and loss adjustment expense ratio. “Our … Read More »

This content is only available to premium subscribers. Please login here log in

Surprises in Workers’ Comp Market Share Numbers

California market share totals for 2024 show a new entrant among the 10 largest workers’ comp carriers in the state, while another group moved up two slots in the rankings to become California’s third-largest workers’ comp carrier. One carrier wrote ten times what it did in 2023. Beyond these moves, however, the top of the … Read More »

This content is only available to premium subscribers. Please login here log in

California’s Excess Workers’ Comp Market 2025

The number of insurance groups active in California’s excess workers’ compensation market decreased by one last year. Written premium declined some $6 million to $231.4 million, according to the latest market share totals from the California Department of Insurance. Overall, there were 16 groups in the excess market in 2024, with Tokio Marine’s Safety National … Read More »

This content is only available to premium subscribers. Please login here log in

Workers’ Comp Carrier Results

The workers’ comp industry continued its decade-long run of profitability in California and nationwide. Results extracted from a new National Association of Insurance Commissioners report show carriers nationwide reported a profit on their insurance transactions of 23.5%, while the results for California carriers were even better at 27.6% (see chart). Profit on insurance transactions is … Read More »

This content is only available to premium subscribers. Please login here log in