The National Council on Compensation Insurance released a study that found there is up to a 40% decline in workers’ comp claim frequency among certain groups of office workers who had access to remote work. The study examined claim frequency from 2019 to 2022 and observed that this group experienced a significantly larger decline in …
A Florida-based staffing company with extensive operations in California’s light industrial and factory settings is asking a federal district court in California’s Central District to block a $51 million demand for collateral on its workers’ comp policy. Full Steam Staffing filed the complaint earlier this month, alleging that Chubb Limited retaliated against it for ending …
The Workers’ Compensation Insurance Rating Bureau is reporting that the share of workers’ compensation indemnity claims involving a cumulative trauma injury continued to rise throughout 2024 and is now at an all-time high. “There’s no sign of it slowing down,” say WCIRB officials. The Bureau is a private organization with quasi-governmental responsibility. It is financially …
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 …
The Workers’ Compensation Insurance Rating Bureau’s actuarial committee members gave their support for a change to the Bureau’s ratemaking process that should keep workers’ comp rates for smaller classifications from swinging widely from one year to the next. The Bureau already has a policy that limits changes from increasing or decreasing rates by more than …
One of the dangers in buying insurance online rather than through an agent or broker can be the lack of advice following professional questions. This story could be the result of one of those situations. The California Department of Insurance’s Administrative Hearing Bureau is being called to adjudicate a premium dispute between an assisted living …
The Workers’ Compensation Insurance Rating Bureau’s Classification and Rating Committee approved a plan that could have employers with payroll assigned to classification 2102 covering fruit and vegetable dehydrating operations being combined with employers that perform preserving and pickling operations. The move, if approved by Insurance Commissioner Ricardo Lara, would take effect September 1, 2026. The …
The Workers’ Compensation Insurance Rating Bureau says the workers’ comp data underlying classifications covering employers performing surface mining (1122) and ore milling (1452) have low credibility for ratemaking purposes due to the relatively few risks covered and the limited payroll in each classification. But after studying whether combining the operations into a single classification or …