The Vermont Department of Financial Regulation approved the original workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 4.9% decrease. In addition, a decrease of 5.6% of the overall...
Conn.: NCCI 2022 WC loss cost decrease of 14.1% approved
The Connecticut Insurance Department approved the proposed workers’ compensation loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 14.1% decrease. The CID also approved an overall assigned risk rate decrease of 8.2%....
Office parties: Think beyond the venue and food
Holiday parties are a great way to boost morale and show appreciation to employees. Nevertheless, there are a few general considerations that employers should be aware of, notwithstanding the current pandemic environment, when considering how to throw their office...
N.J.: 2022 WC overall rate level decreases 5.3%
The New Jersey Compensation Rating and Inspection Bureau received approval from the Department of Banking and Insurance for a rate revision of -5.3% to go into effect Jan. 1, 2022. The revision is applicable to new and renewal policies. The NJCRIB distributed Circular...
Know more than the basics about workers’ compensation
When independent agents take a closer look at workers’ compensation insurance, disability insurance and health insurance, they need to be able to identify which types of coverage come from each type of insurance. This is important because then, agents can prepare...
NCCI 2022 WC loss cost decrease approved in New Hampshire
The New Hampshire Insurance Department approved the original workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 8% decrease. Additionally, a decrease of 10.4% of the overall assigned risk...
Are you protected in case of a pirate raid?
Now before I lose you before we start, hear me out. If pirates attacked your home and loved ones or your office and employees tomorrow, would you have the right insurance coverage to cover the loss? Pirates often steal, break things, harm or kill people, or they could...
Tragic accident highlights importance of regulation and insurance
Last week, cinematographer Halyna Hutchins—best known for her work on Archenemy, Darlin’, and Blindfire—was killed on the movie set of Rust, after a prop firearm was discharged during filming. The firearm—which was discharged by actor Alec Baldwin, known for his roles...
Revised WC loss costs take effect Oct. 1, 2021
In May, an application for an overall loss cost decrease of 6.4% was submitted to the New York State Department of Financial Services by the New York Compensation Insurance Rating Board. The DFS approved the application as requested with an effective date of Friday,...
The return of workers’ compensation self-insured trusts
Recently, PIANY members have asked the association questions about default judgments from group self-insured trusts. When asking their questions, they tend to state: I thought those were behind us. The current issue When the New York State Workers’ Compensation Board...