Insurance carriers and employers expect the new permanent disability rating schedule to boost costs by hundreds of millions of dollars after it takes effect in January 2009. Employers also expect a surge in claims for injuries that have gotten an increase in future earning capacity. The result will be increased rates. Employers are counting on …
Liberty’s Purchase of Safeco: Issues Liberty Mutual has announced its acquisition of Safeco, one of the venerable agency carriers. Analysts have mixed opinions about the deal. Other deals are in …
Could moving California’s workers’ comp appeals board system fully into the information age actually force providers and carriers back into a paper-based system? That was the fear expressed by many in the system at a recent hearing by the Assembly Insurance Committee to investigate the Division of Workers’ Compensation’s new $36 million Electronic Adjudicatory Management …
In this issue we publish the third quarter national workers’ comp results of carriers that also write business in California. This comprehensive list shows the premiums written and year-to-date loss percentages for all carriers with any significant amounts of workers’ comp business. Click here.
More and more workers’ comp carriers and self-insureds are starting to use the services of pharmaceutical benefit managers, thanks to promises of annual drug-spending savings of up to 20%. At its core, the function of a pharmaceutical benefit manager (PBM) is to ensure the right prescription drugs are delivered to the right patient at the …
Workers’ Comp Carriers’ First-Quarter Results for 2007 are on in the resources section of our web site. Find first-quarter results for national workers’ compensation carriers writing business in California, by clicking here.
The rates are in, and this year most workers’ compensation insurance carriers chose to stick close to Insurance Commissioner Steve Poizner’s recommendation for a 14.2 percent decrease in the pure premium rate. For those who strayed from the commissioner’s counsel, most opted for a smaller decrease.
In this issue, Workers’ Comp Executive features the 2006 California workers’ comp underwriting results for all carriers writing business in the Golden State. Please find the complete listings here.