Industry Insights
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Moore: Budgeting Mistake Made With X-Mods | 05/31/2022 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| A frequent workers' comp budgeting mistake I see at least quarterly is when a low experience modification increases or decreases significantly. Most of the time, the budgeting mistake comes when a lower mod increases to what would be considered another lower mod. ...Read More | |||
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Moore: NCCI Annual Issues Symposium 2022: Day 2 Sessions | 05/24/2022 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| The second day of the NCCI Annual Issues Symposium 2022 started with Bob Hartwig, University of South Carolina professor. Hartwig covers the most data in the shortest amount of time. ...Read More | |||
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Moore: NCCI Annual Issues Symposium 2022: Day 1 Sessions | 05/23/2022 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| The recent NCCI Annual Issues Symposium 2022 in Florida kicked off with my missing some of the morning sessions due to a medical issue. Cristine Pike, communications director at NCCI, was kind enough to keep me up to date on the presentations until I arrived at the conference. ...Read More | |||
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Moore: Is Workers' Comp Insurance Regressive or Progressive? | 03/08/2022 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| We received an emailed question from a junior at a local college: Is workers' comp insurance regressive or progressive, similar to our income tax system? The student was writing a research paper assessing whether workers' compensation insurance was just another tax on employers when ...Read More | |||
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Moore: Do Zero Claims for Current Policy Year Mean Instant Savings? Not Exactly. | 03/07/2022 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| I came across this situation recently while reviewing a loss run with an agent. The question by the agent was: If his insured client was having zero claims for the current policy, will that reduce premiums instantly? ...Read More | |||
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Moore: Workers' Comp Self-Insurance Calendar | 02/14/2022 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| I recently wrote an article on the voluntary market policy calendars. I did not want to leave out self-insureds, as I sometimes forget 15% of the market needs to be...Read More | |||
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Moore: Nixon Administration's Study on Federalizing Workers' Comp | 01/10/2022 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| I have written many times on prepping for the federalization of workers' comp. The President Nixon administration’s efforts to possibly make workers' comp a federal insurance program was unknown to me at the time I wrote many of the federalization articles. ...Read More | |||
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Moore: Ignore Comp Now, Pay More Later | 12/10/2021 | |
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| By: James Moore | |||
| State: NA | Segment: Top | 0 | |||
| Many articles have appeared on this website after watching a process repeated multiple times. An employer ignoring workers' compensation insurance will soon pay more premiums to its carrier. A self-insured employer will end up allocating more of its budget to workers' comp payme...Read More | |||
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Moore: No Medical Fee Schedule = Higher Costs | 11/19/2021 | |
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| By: James Moore | |||
| State: WI | Segment: Top | 0 | |||
| Workers' comp fee schedules tend to keep costs down in most states. A medical fee schedule for workers' comp would assist Wisconsin employers in keeping their costs under control. ...Read More | |||
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Moore: Two Recent COVID-19 Differences | 11/12/2021 | |
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| By: James Moore | |||
| State: CA | Segment: Top | 0 | |||
| Many times on this website, comparisons have been made between the National Council on Compensation Insurance and Workers' Compensation Insurance Rating Bureau rules. NCCI is the rating bureau that covers 41 states, with its headquarters in Boca Raton, Florida. The WC...Read More | |||
