Biggest Workers’ Comp Carriers Nationally

Who are the major carriers workers’ comp market? Which groups wrote more business last year? The 2020 figures are in and you can get the results by clicking here. Initial results from the National Association of Insurance Commissioners show the same 25 carrier groups dominating the national workers’ comp market in 2020 as in 2019. … Read More »

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

Read More »

Dramatic Expansion of Experience Rating System Floated

Changes now under consideration could double or even triple the number of experience-rated employers in California. The Workers’ Compensation Insurance Rating Bureau is researching changes that would give X-Mods to 250,000-300,000 small employers or more. The small employers are mostly claim free risks that would see a 5% credit mod, but those with workers’ comp … Read More »

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

Read More »

NAIC’s Top 25 Workers’ Comp Carriers

Initial results from the National Association of Insurance Commissioners show that the Travelers Group (NYSE: TRV) and Hartford Fire & Casualty Group (NYSE: HIG) remained the most prominent players in the workers’ comp market nationwide. Still, the 2019 totals show significant movement among other carriers in the top 10 (see chart). Overall, however, the list … Read More »

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

Read More »

Baker Reforms To Beget Another Rate Cut For 2020

The governing committee members’ of the Workers’ Compensation Insurance Rating Bureau will meet this morning to consider 2020 rates. The result will likely be a recommendation for a low- to mid-single-digit cut to the workers’ comp pure premium rates for 2020 policies. Driving the cut are more of the same trends that have seen rates … Read More »

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

Read More »

Berkshire Still Largest Workers’ Comp Group, But Only By A Hair

The Berkshire Hathaway Group continues to make history by claiming for the second year in a row the title of largest writer of workers’ compensation coverage in California. The group replaced the State Compensation Insurance Fund as the largest carrier in 2017, but State Fund all but erased the difference last year (see the Top … Read More »

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

Read More »

Ten Most Serious Injury Categories Tied To $47B In Comp Costs

Injuries from workplace falls – either on the same level or to a lower level – and from workers overexerting themselves account for over $28 billion in workers’ comp medical expenses and indemnity payments. The total is more than half of what is spent on the top ten injury categories combined, according to a new … Read More »

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

Read More »

NAIC’s Top 25 Workers’ Comp Carriers Steady In 2018

The Travelers Group (NYSE: TRV) and Hartford Fire & Casualty Group (NYSE: HIG) are still the largest writers of workers’ comp insurance in the nation, according to a first peek of the National Association of Insurance Commissioners annual market share report. Behind these two groups, however, there was significant jockeying for position among the other … Read More »

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

Read More »

New Medical Fraud Ring Charged In The OC

Prosecutors filed charges against the owners and operators of the Center for Better Health, AKA the Southland Spine and Rehabilitation Medical Center, in Costa Mesa and Riverside for allegedly submitting nearly $3 million in fraudulent workers’ comp bills. The scheme allegedly has links to capping operations run through Grupo Medlegal LA/Medlegal Network Inc, as well … Read More »

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

Read More »