Workers’ Compensation Industry Profits Continue to Rise, NCCI Reports
Wednesday, May 15, 2019 The National Council of Compensation Insurance (“NCCI”) just concluded their Annual Issues Symposium (“AIS”) in Orlando today. As always they did a fabulous job in reporting…
Lightyear Capital Enters Purchase Agreement with Engage PEO
It has been quite an experience to watch Engage start 7 years ago as a start-up, grow to over a billion in payroll and now join hands with Lightyear.…
Workers’ Compensation Rate Redundancy
It appears that although rate reductions countrywide have been at historic levels and combined ratios for the carriers that service the business were at the second best is the last…
Congratulations: AmTrust Financials’ go private transaction as anticipated
We are excited to report that Mr. Zyskind and company have successfully executed their effort to privatize Amtrust. We appreciate their ongoing support of the PEO industry and wish them…
New Jersey Workers’ Compensation Rates to Go Down 5.3% on 1/1
From our friends at the workcompcentral.com… Friday, November 16, 2018 Insurance Commission Approves Rate Decrease of 5.3% The New Jersey commissioner of banking and insurance has approved an overall 5.3%…
Are YOUR Client Companies Profitable?
The business model of many PEO’s includes utilizing the resale of workers’ compensation as a profit margin. For this to be successful, the PEO must understand the liabilities and assets…
The E-merging Risk that Keeps on E-volving: Cyber Security
As providers of service and insurance to PEO’s, small and medium-sized businesses are the “bread and butter” of clients targeted. “According to an ISO analysis, 80 percent of cyber breach…