Posts Tagged ‘workers compensation brokers’

Travelers to Pay Premium Refunds; Joins ACE, Zurich, CNA, and PMA who Have Already Paid for Workers Comp Overcharged Premiums

Travelers Insurance Company will pay $10.5 million in refunds and penalties for violations of California insurance law. This is the same story all over again. This year it's Travelers in California. Last year, it was ACE, Zurich, CNA, PMA in New York. Brokers, there is plenty more money from these overcharges due to your clients. […]

Apex Services Featured In Program Business Article!

A Close Look at the State of Workers Comp, Future Changes, & Solutions to Recovering Premiums Featuring Simon Feuer, president, APEX Services Posted on 13 Jun 12 by Program Business's Annie George There has been much ado about the Workers Compensation market over the last several years, and particularly in the last six months or […]

Workers Compensation Brokers Should Prepare as market hardens with major workers comp premium increases

Tue Jun 12, 2012 4:05pm EDT Fitch: Workers' Compensation Remains Weakest Commercial Lines Segment Workers' compensation, the largest commercial lines segment representing approximately 18% of commercial lines net written premiums in 2011, posted a statutory combined ratio of 117% in 2011, according to a new report by Fitch Ratings. This result is 9.5 percentage points […]

Workers compensation prices increased for the fifth consecutive quarter, according to Towers Watson Survey

June 11, 2012, 9:05 a.m. EDT SOURCE: Towers Watson NEW YORK, Jun 11, 2012 (BUSINESS WIRE) — Commercial insurance prices in aggregate increased by nearly 5% during the first quarter of 2012 — the fifth consecutive quarter that prices rose for all standard commercial lines. In addition, commercial insurers' loss ratios stabilized for most insurance […]

WCIRB California gets approval for 8% Hike in Pure Premium

Source: California Department of Insurance California Insurance Commissioner Dave Jones on Tuesday approved an advisory pure premium of $2.49 per $100 of payroll, effective July 1. The new advisory rate is 8.26% higher than the $2.30 rate that took effect Jan. 1. The Workers’ Compensation Insurance Rating Bureau recommended a rate of $2.51, but Jones […]

NYCIRB has filed to increase workers’ compensation loss costs by 11.5% effective Oct. 1, 2012

BREAKING NEWS IN NEW YORK: This is exciting news for brokers as premiums are on the rise again. However, there is a great danger here for brokers whose clients have poor experience because big jumps in premiums upon renewal sends clients shopping.  Are you a broker who has exhausted all value-added service to show client […]

Workers Compensation Rates Soaring

In a report titled “U.S. P&C Insurers’ 1Q12 Earnings Improve on Lower Cats; Pricing Momentum Continues,” Moody’s says insurers achieved rate increases across nearly all lines of business in the quarter, driving net written premiums up 4 percent for Moody’s rated companies compared to 2011’s first quarter. “Underwriting standards are becoming tighter in conjunction with […]


BusinessInsurance's Sheena Harrison quoted Apex President Simon Feuer in her article about workers compensation audit reviews! One major point about this article is that APEX Services was the only company mentioned that does INDEPENDNET, UNBIASED reviews, working with brokers all across the country. What was surprising to us here at Apex was that these brokers […]

Workers Compensation Premiums Increasing According to NCCI’s 2012 Annual Symposium

Here are some important highlights for brokers regarding premiums from the 2012 NCCI symposium: Despite investment returns not generating sufficient operating returns, the premium growth is a positive sign of an improving economy and that the industry remains well capitalized for the years ahead. Residual markets in the first quarter of 2012 saw a 47% premium […]

Workers Compensation Insurance Leading Hard Market

A recent survey leads The Council of Insurance Agents & Brokers to declare that the commercial property and casualty market has hardened. “We’ve been cautious up to now about declaring a market turn, but I think it’s reasonable to say that the market has made a hard turn after two quarters of price increases and […]