Commercial Lines Premiums Up 6% in 2nd Quarter
Commercial lines insurance prices continued the trend of steady increases during the second quarter of 2013, according to Towers Watson & Co., increasing by 6% over prices during the same…
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Patients With Back Pain Often Get the Wrong Treatment
A recent study published in JAMA Internal Medicine, a Journal of the American Medical Association Network publication shows that many patients are getting overly aggressive treatments for their back pain. This includes physicians…
Oklahoma OKs 14.6% Work Comp Loss Cost Rate Cut for 2014
Pursuant to legislation passed in OK in May of this year that allows businesses to opt out of WC coverage by providing an alternative plan that provides the same benefits…
OK and Beyond: Significant State Workers’ Comp Reforms In 2013
The cost of providing workers’ compensation insurance is one of the top issues for companies of all sizes and across industries. Because it is regulated at the state level, companies…
Technology Speeds Rollout of Insurance Products, Services: IASA Panel
Experts at the recent Insurance Accounting and Systems Association Inc.’s annual conference noted that insurers’ increased use of software as a service and cloud computing opens many new possibilities, including…
Commercial Property/Casualty Rates up 4% in July
A recent MarketScout study shows commercial property/casualty insurance rates increased an average of 4% in July over those of July 2012. Commercial auto, commercial property, general liability and workers’ compensation all…
3.4% Pure Premium Workers’ Comp Rate Proposed for CA
The Workers’ Compensation Inspection and Rating Bureau recommended a 3.4% pure premium rate increase to be effective 1/1/14 in CA. The filing is expected to be submitted to the CA…
WCIRB Committee To Recommend Increase In Pure Premium Rates
The Workers’ Compensation Inspection and Rating Bureau of CA initially proposed a 5% increase on pure premium rates for 2014, and after further discussion, settled on an increase of just…