Workers' Compensation News
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No Cost Impact for Copy Service Fee Schedule
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06/15/2015
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State: CA | Segment: WEST | 0 | Popular with Legal
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OAKLAND, Calif. – Workers’ Compensation Insurance Rating Bureau staff believes any savings or costs associated with the copy service fee schedule that go into effect July 1 will be too minimal to include in the upcoming 2016 advisory pure premium rate recommendation.
In 2013 a...Read More
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NCCI Reports 2.1% Rate Decrease
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06/10/2015
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State: AR | Segment: SOUTH | 0 | Popular with Legal
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Arkansas was approved for a voluntary market loss-cost decrease of 2.1%, according to an advisory forum by the National Council on Compensation Insurance released on June 4.
The state ranked in the middle for loss-cost ratios, following Utah which had a decrease of 1.4%. H...Read More
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Net Premium, Policyholder Surplus on the Rise at MSF
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06/09/2015
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State: MT | Segment: Business | 0 | Popular with Legal
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Montana State Fund earned 6% more in premiums in 2014 than it did the year before, while the policyholder surplus increased 19%, according to the carrier's latest annual report.
Net earned premium increased to $165.3 million in the fiscal year ending June 30, 2014, from $156.1 million...Read More
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NYC Attempts to Automate Claims-Filing Process
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06/09/2015
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State: NY | Segment: Business | 0 | Popular with Legal
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New York City is attempting to modernize and upgrade the way it handles workers’ compensation claims by converting to P&C Insurance Systems’ software. Claimsvision will manage and oversee claims for the city’s 200,000 employees, according to a release from PCIS.
...Read More
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NCCI Recommends 1.9% Loss-Cost Increase
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06/03/2015
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State: SC | Segment: SOUTH | 0 | Popular with Legal
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The National Council on Compensation Insurance has filed for a 1.9% loss-cost increase in South Carolina's voluntary market, according the council's State Advisory Forum presentation, posted online this week.
The increase was the sixth-highest that NCCI recommended in the nation d...Read More
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NYCIRB Looking to Boost Loss Costs by 6.9%
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05/29/2015
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State: NY | Segment: Top | 0 | Popular with Legal
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The New York Compensation Insurance Rating Board is asking the state Department of Financial Services to increase workers' compensation loss costs by 6.9% on Oct. 1, after state regulators denied increases during two of the past three years and held 2013 increases to 2.8%.
Ziv Kimmel,...Read More
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