PEO Compass | Professional Employer Organization Business & Insurance News

Advisory workers comp rate increase of 5% approved for Indiana

The Indiana Department of Insurance has approved a 5% increase in advisory workers compensation rates in the state for 2013, according to the Indiana Compensation Rating Bureau. The increase was…

Workers compensation pioneer Dr. Gary Franklin sounds opioid alarm

Years before risk managers learned that opioid prescriptions would become a workers compensation liability, Dr. Gary Franklin was reviewing death certificates to document that large doses of the narcotics were…

Calif. workers comp reforms prompts change to 2013 rate filing

California’s Workers Compensation Information Rating Bureau plans to amend its 2013 rate filing to recommend no rate increase for next year in light of recent workers comp reforms passed in…

Insurers unconvinced that Calif. law reforms will reduce workers comp costs

While recent workers compensation reforms in California aim to reduce costs for employers, insurers and claims handlers say they’re concerned the new law won’t do much to ease rising expenses.…

NCCI State of the Line Report

Click the link below to read the NCCI “State of the Line” Report. Risk Transfer’s PEO Compass is an executive briefing of the most important economic indicators of your Workers’…

WCRIB To Amend Filing To No Increase

A divided governing committee of the Workers’ Compensation Insurance Rating Bureau (WCIRB) just voted to amend its Jan. 1, 2013 rate filing to reflect a 0% increase over the industry’s…

The Ever-Blurring Lines of ‘Alternate Employment’

When I began to participate in the procurement of reinsurance for our PEO workers’ compensation program some years back, it occurred to me that many who supported both the temporary…

Mass. Regulators Reject 18.8% Workers’ Comp Premium Hike

Massachusetts regulators have rejected the state Workers’ Compensation Rating and Inspection Bureau’s request to raise workers’ comp rates by 18.8%. The decision and order followed a five-month hearing process that…