Workers compensation
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What if workers’ compensation coverage is required for app-based drivers in California?
This article delves into the requirements for occupational accident insurance for transportation network companies (TNCs) and delivery network companies (DNCs) and compares them to workers’ compensation insurance.
Workers' compensation: Summary of 2023 statutory financial results
Data submitted through May 28, 2024
Strategies for self-insurers managing workers’ comp and liability risk during an acquisition
Acquiring a new business presents challenges for chief risk officers (CROs) and other risk professionals, especially when combining self-insured or large deductible insurance programs.
Workers' Compensation 2021 Statutory Financial Results
Workers’ Comp for 2021: Policyholders’ surplus soars, direct written premium slightly rebounds, and ratios for defense-and-cost-containment expenses rise.
Impact of inflation on workers’ compensation claims
Inflation can affect worker’s compensation due to its long-tailed nature, and we can estimate the impact using some simplifying assumptions.
Improving workers' compensation loss experience using wearable technology
We discuss examples of wearable technology, the impact on workers’ compensation loss experience, how insurance carriers are reacting, and how your actuary can help determine whether wearables are appropriate for your business.
Analysis of municipality workers' compensation costs
In 2009, Milliman created a nationwide workers' compensation database consisting of $61.8 billion of incurred losses across all 50 states. We continue to update this database on an ongoing basis.
WC Market Outlook: After years of successive rate decreases, how can workers’ compensation insurers stay ahead of the curve to maintain profitability?
Claim analytics using artificial intelligence represents a proven method to reduce claim severity and improve the efficiency of claim-handling resources.
Using predictive modeling to forecast large workers compensation costs: A case study
Nodal™, our web-based predictive modeling and decision-support system, accurately identified 95% of high-cost claims for the Intergovernmental Risk Management Agency before they happened, reducing costs by over 15%.
Improvements in predictive analytics help with early identification of workers comp reinsurance claims
Today, the advances with machine learning software and text-mining algorithms are necessary tools for the early identification of claims most likely to become excess loss claims.
Subcontractors: How a common business practice could lead to a mountain of insurance costs
What are the risks associated with uninsured subcontractors and what can be done to prevent them from threatening a company’s bottom line?
2017 California Hospitals Workers’ Compensation Benchmarking Report
Workers’ compensation remains one of the most complex exposures for employers. This study provides fundamental healthcare industry benchmarks from which informed decisions related to managing workers’ compensation in California can be made.