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Workers Compensation

The Importance of Prompt Claims Reporting

The rising cost of claims presents a significant challenge for employers today. However, there is a simple strategy that can significantly reduce your claims costs: report all claims promptly. In fact, the sooner a claim is reported, the lower the cost is likely to be. Beyond cost, reporting claims promptly can help avoid unnecessary conflict…

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The NCCI Remuneration Rule

The NCCI Remuneration Rule In all states but Washington, workers’ compensation insurance uses a remuneration process as the basis for determining the workers’ compensation exposure. Payroll is the most common part of remuneration; however, other components are included as well, such as vacation pay and meals. Most states abide by the rules established by the…

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Annual Workers Compensation Primary-Excess Split Point Adjustments

As you likely know, your experience mod plays an important role in determining your workers’ compensation premiums and is largely determined by the split point between primary and excess losses. For many years, this split point was set at $5,000. However, the National Council on Compensation Insurance (NCCI) now increases the primary-excess split point every…

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Iowa Workers Compensation – 2017 Law Changes

Iowa House Bill 518, which was signed into law on March 30, 2017, makes several changes to the Iowa Workers’ Compensation Act (WCA). These changes are effective for work-related injuries that occur on or after July 1, 2017. This Employment Law Summary provides an overview of the changes. The Iowa Division of Workers’ Compensation (DWC)…

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Medical Marijuana and Workers’ Compensation

Medical Marijuana and Workers’ Compensation In the November 2016 elections, the use of medical marijuana was approved through four state ballot measures, bringing the total to 28 states and the District of Columbia that have legalized medical marijuana in some form. Additionally, the District of Columbia and eight states—Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon…

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California Assembly Bill 2883 Raises Workers’ Compensation Exemption Requirements

Earlier this year, California’s state legislature passed Assembly Bill 2883 (AB 2883), which drastically changed the legal requirements that allow an employer to exclude its corporate officers and the members of its board of directors from its workers’ compensation policy. AB 2883 is scheduled to come into force on Jan. 1, 2017. Under California law,…

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Feds Consider Regulation for Workers Comp

A recent report from the U.S. Department of Labor (DOL) criticizes state workers compensation systems and suggests increased federal oversight may be necessary. The Big “I” opposes federal regulation of insurance, including federal regulation of state workers compensation systems. The report contends that state workers compensation systems are failing to provide workers with adequate benefits. It…

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Understanding Your Workers Compensation EMOD

 A key to understanding your workers compensation premium is the experience modification factor, also known as your MOD or EMOD. Understanding your company’s MOD and the data used to obtain it helps you identify ways to minimize your workers compensation premium. Who calculates the MOD factor? Most states use the National Council on Compensation Insurance (NCCI) to…

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