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. …
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 …
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 …
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 …
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 …
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 …
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 …
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 …