By William Nibbelin, Senior Research Actuary, Triple-I The workers compensation insurance industry experienced its second-best underwriting result in the past 20 years in 2023, with a net combined ratio of 87, according to Triple-I’s latest Issues Brief. It was the ninth year in a row of net underwriting profit following eight years of net underwriting … Read more
Colorado Gov. Jared Polis wants to spin off the state’s stake in Pinnacol Assurance, privatizing the workers’ compensation carrier of last resort to help it make more money and plug government budget holes. The big idea is that pulling up stakes from the quasi-governmental insurance company would help the state’s ailing budget. The governor is … Read more
What if one of your company’s biggest challenges could become a triumph? That’s exactly what happened with a Washington engineering and fabrication company. Facing escalating workers’ comp costs, they turned what seemed like an overwhelming problem into a meaningful success. Here’s how. The Problem: Escalating Costs » … Read more
Workers’ compensation may not cover all back issues, but a spinal cord injury settlement can provide significant financial relief for those who qualify. Different spinal cord injury types, such as complete or incomplete injuries, may affect eligibility. A job-related injury must be directly caused by a work accident or action. A spinal cord injury lawyer … Read more
We often hear from members that one of the most frustrating aspects of Washington workers’ compensation is claim validation (i.e. verifying that the employee’s injury or illness occurred during the course of their employment). Oftentimes, it feels like an employer is on the hook for an employee’s injury, … Read more
