Carriers to Be Graded on Timely Payments

The Division of Workers’ Compensation will assess carrier performance in 2018 through its biennial performance-based oversight program. The agency released its assessment criteria on Friday. Carriers will be selected for assessment based on their volume of temporary income benefit (TIB) transactions between Jan. 1 and June 30, 2017, with a minimum of 20 TIB payments. The assessment will determine where carriers fall within three regulatory tiers: poor performers, average performers and consistently high performers. The agency says it then will focus its regulatory oversight on the poo...