Workers’ Compensation Insurance is required by law in almost every state. Workers’ comp laws are designed to ensure that employers pay for some part of the cost of injuries—or in some cases, of occupational diseases or even death—received by employees in the course of their work. To lear...
Anjanette Riley
Relied on by insurance professionals and employers alike, our resource guide is filled with current legal regulations and critical compliance issues, written in English, not legalese. Buy Now Learn More We’ve automated the essentials with a database of over 1,200 active jurisdictional claims forms...
In workers comp, losses have the famous “long tail” – that is, they play out over years. Insurers set aside reserves for the estimated cost of the claim. If they don’t set aside adequate reserves, when it’s time to pay the piper, insurer insolvencies occur and havoc ensues. ...
Giffords covered by work comp– Stephanie Innes of theArizona Daily Starreports thatfederal workers’ comp is footing the recovery bill for Gabrielle Giffordsand two of her employees who were shot in January. Because they were working, it’s an on-the-job injury. The federal law has no cap...
Whether you are a new or experienced Workers Compensation manager, if you have Workers Compensation responsibilities at your workplace - or are overwhelmed by the sheer number of tasks associated with it - you may need some help to simplify things and help you get the basic time- and cost-...
For specific information on Arizona workers comp law - aka Arizona workmans comp law - contact: Arizona Department of Insurance and Financial Institutions (DIFI)Address: 100 N. 15th Avenue, Suite 261, Phoenix, AZ 85007-2630Phone: 602-364-4457Website: https://dfi.az.gov or licensing@az...
Turning to workers’ compensation, Donna Glenn, FCAS, MAAA, chief actuary at the National Council on Compensation Insurance (NCCI), provided a previewof this year’s average lost cost level changes and discussed the long-term financial health of the workers compensation system. ...
compensation insurance regardless of the injured worker’s fault. This trade off protects injured workers who are harmed on the job, as well as employers from liability, however, when disagreements arise, the services of workers’ comp lawyers may be required. A workman comp lawyer can help win...
Workers' Comp Codes Affect Rates and Pricing One of the primary means of pricing workers' compensation insurance is classifying a risk, or workplace exposure, within the proper NCCI workers' compensation class code. Incorrect risk classifications by insurance agents or underwriters will result in an...