Restaurants make up a sizable portion of California’s workers’ comp system, a new report shows. The Workers’ Compensation Insurance Rating Bureau of California released the first report in its industry profile series, which examines an industry sector in the state’s …
New Mexico insurance regulators are reducing a key component in rates for workers’ compensation coverage that should help employers spend less, starting next year. The Superintendent of Insurance Office announced a 5.5% reduction in “loss costs” for insurance policies that …
The Washington Department of Labor & Industries announced a 3.1% increase in the average worker’s compensation premium rate for hours worked in 2022. “A modest hike is needed because of the rising costs to provide workers’ compensation coverage. It’s the …
Pinnacol Assurance in Colorado announced it will lower rates for the carrier’s 53,000-plus policyholders in Colorado by an average of 11% in 2022. The decrease will become effective Jan. 1, 2022. Pinnacol has decreased rates for seven consecutive years for …
California’s Division of Workers’ Compensation announced that the 2022 minimum and maximum temporary total disability rates will increase on Jan. 1, 2022. The minimum TTD rate will increase from $203.44 to $230.95 and the maximum TTD rate will increase from …
The National Council on Compensation Insurance recently submitted its annual rate recommendation. NCCI’s recommendation is based on claims volume, claims utilization, workforce, and wages, as well as any changes in rules or legislation. After review and discussion of the recommendation, …
Written premium for 2020 was $1.9 billion, or 12%, below that for 2019 and was the lowest since 2012, according to a new report out from the Workers’ Compensation Insurance Rating Bureau. Written premium for the first two quarters of …
The Washington Department of Labor & Industries is proposing an increase in the average price employers and workers pay for workers’ compensation insurance next year. If the proposal is adopted, it would be the first time in five years that …
The Division of Workers’ Compensation in California announced that the 2022 minimum and maximum temporary total disability rates will not change. The minimum TTD will remain $203.44 and the maximum TTD rate will remain $1,356.31 per week. Labor code requires …
A Thurston County, Wash., man who reportedly tried to pass off a barroom brawl injury as a workplace accident has pleaded guilty to stealing state workers’ compensation insurance benefits. Chuck Wayne Riccio, 40, of Yelm, pleaded guilty Tuesday to third-degree …
