Report: 2023 California Workers Comp Written Premium Rose 2%
Written premium in calendar year 2023 was 2 percent higher than the prior year, driven by continued economic expansion, but partially offset by continued rate decreases, ...
workers’ compensation News
Injury Rates at SpaceX Exceed Industry Average for Second Year
Injury rates at SpaceX facilities continued to exceed an industry average in 2023, according to a Reuters review of safety data reported to U.S. regulators by the space venture controlled by ...
Survey: Most Small Businesses Provide Regular Safety Training to Employees
A new report on small business owners' workers' compensation insurance-buying habits and risk exposures found that 95 percent offer regular safety training to their employees, according to The ...
Worker Burned in Midwest Stadium Explosion Settles for $22M
A worker burned in a 2022 explosion during renovation work on the University of Wisconsin's Camp Randall Stadium has settled his lawsuit against the project's general contractor for $22 million, his ...
NCCI: Complex Factors Influence Whether Wage Impacts TD Duration
A new study released by the National Council on Compensation Insurance (NCCI) indicates there are a number of factors, including age, that impact how long a worker ...
Texas Mutual: Serious Injuries in the Workplace Increased 6% Last Year
In a recent safety alert blog, Texas Mutual reported nearly 6 percent more severe workplace injuries in 2023 compared to the previous year. The construction industry topped the list, according to the ...
Executives Deliver Divergent Views on Sustainability of Workers Comp Profits
Property/casualty insurance industry leaders delivered two different views on whether workers compensation will continue to be a bright spot on the industry profit picture during an investor ...
Study: Slight Increase in Workplace Injuries in States Where Recreational Marijuana Is Allowed
In states where recreational marijuana laws allow for its recreational use, a new study has found an increase in workplace injuries. The study, "Recreational Marijuana Legalization and Workplace ...
Report: 2023 Combined Ratio Forecast at 103.9, Commercial Lines Performed Best
The 2023 net combined ratio for the property/casualty industry is forecast to be 103.9, with commercial lines at 97.7, outperforming personal lines at 109.9, according to the latest underwriting ...