PropertyCasualty360 July 18, 2012 As the workers’ compensation line continues to experience poor underwriting results and strong momentum toward rate increases, more companies are turning toward forming captives to combat rising costs, a Marsh executive says. Speaking today during a Webinar to discuss the Marsh Global Insurance Market Quarterly Briefing, Jonathan Zaffino, leader of Marsh’s […]
Modified ex-mods penalize poor risks Business Insurance – Roberto Ceniceros July 16, 2012 Employers with poor loss histories will pay even more for their workers comp coverage starting next year as most states change the way premiums are calculated. But policyholders with proven risk management practices and safety programs that reduce workplace injuries will benefit […]
Recently, I added a new page to my website called the “experience rating split point change.” Within the past few days, I've seen a lot of articles floating around regarding the experience rating split point change. Although these articles do provide some valid and helpful information, I wanted to post a blog to give my […]
Reinsurance Rate Increases Moderating at July 1 PropertyCasualty360.com – July 10, 2012 Reinsurance renewals continue to firm, but ample capacity is offsetting some pricing pressures produced by past catastrophe activity and catastrophe-model changes, says reinsurance broker Guy Carpenter. “In 2011 the industry experienced one of its most challenging years, due to the tremendous volume […]
Best solution for NCCI new experience rating split point change announced by Simon Feuer, President of Apex Services. Jul 09, 2012 – Apex Services is a leading provider of workers compensation premium recovery for Property Casualty Workers Comp brokers and employers nationwide and is pleased to announce our special program for the new experience […]
Risk & Insurance – July 5, 2012 What Impact Will PPACA Have on Workers' Compensation? As everyone knows by now, on June 28, 2012, the United States Supreme Court issued a ruling in the historic case of National Federation of Independent Business v. Sebelius, Secretary of Health and Human Services. In this ruling, the Court […]
July 5, 2012 – Business Insurance The composite rate for commercial property/casualty and professional lines coverage increased an average of 4% in June 2012 compared with the same month a year ago, MarketScout said Thursday. According to the Dallas-based electronic insurance exchange, prices for commercial property rose 5%, while general liability, commercial auto and workers […]
Business Insurance – July 1, 2012 Rising medical costs, insurer profitability affect overall pricing Employers renewing their workers compensation policies likely will pay more for the coverage as claims costs rise and insurers' combined ratios deteriorate, experts say. Purchasers of primary and excess workers comp insurance are seeing price increases, mostly in the single-digit range, […]
Business Insurance – June 28, 2012 Property/casualty insurers, including workers compensation underwriters, should continue realizing “the benefits of exposure growth that began in earnest last year,” Robert Hartwig wrote in a just-released first quarter results report. “For example, the value of manufacturing shipments, has nearly returned to its pre-crisis peak,” Mr. Hartwig, an economist and […]
California is the largest state for workers compensation insurance premiums. So it's safe to say that if carriers in California are paying out $1.22 for every dollar of premium collected and have not made a profit since 2007, then workers comp clearly has not been a profitable line for insurance companies. We know that many […]
