The Washington State Department of Labor & Industries announced a 4.9% increase in the average workers’ compensation premium rate for 2024. The increase, which takes effect Jan. 1, 2024, means employers and workers will jointly pay, on average, an additional …
The U.S. Department of Labor has issued new data showing California’s State Average Weekly Wage edged down 0.48 percent from $1,650 to $1,642 in the 12 months ending March 31, 2023. The California Workers’ Compensation Institute notes there will be …
The Washington State Department of Labor & Industries is proposing a 4.9% increase in the average hourly rate employers and workers will pay for workers’ compensation insurance next year. If adopted, the increase would have employers and workers jointly paying …
Oregon employers will pay on average less for workers’ compensation coverage, according to an update from the Oregon Department of Consumer and Business Services. The decline marks 11 years of average decreases in the pure premium rate – the base …
Colorado’s largest workers’ compensation carrier, Pinnacol Assurance, issued a general dividend of $15 million to 58,000 employers in the state. This marks the organization’s eighth straight year of issuing dividends and a total of $385 million returned to Colorado employers. …
The Workers’ Compensation Insurance Rating Bureau of California issued its Quarterly Experience Report, an update on California statewide insurer experience valued as of Dec. 31, 2022. Highlights of the report include: California written premium in 2022 was 14% above that …
A new report shows the number of independent medical reviews in California used to resolve medical disputes hit a record low in 2022 as prescription drug disputes continued to decline. The report from the California Workers’ Compensation Institute also shows …
The Workers’ Compensation Insurance Rating Bureau of California’s Actuarial Committee is set to talk about insurer experience, and the impact of the economic slowdown on the pure premium. The committee is set to meet virtually at 9:30 a..m on March …
Wesley Owens, 54, of Atlanta, Georgia, and Beau Wilson, 38, also of Atlanta, pleaded no contest to multiple felony counts of insurance fraud and conspiracy in Los Angeles Superior Court over charges filed after a California Department of Insurance investigation …
A report from the Workers’ Compensation Insurance Rating Bureau of California that examines the state’s healthcare system shows the industry also accounted for the highest share of indemnity COVID-19 claims among all industries. The WCIRB releases reports on industry sectors …
