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  News

Medical inflation top focus for executives as reports highlight workers' compensation injury inclinations
By Lonce Lamonte - February 11, 2025

Executives are pondering whether there will be a turn in the health of the workers' compensation system. The financial health and medical inflation are key concerns for executives according to a 2024 year end survey from NCCI (National Council on Compensation Insurance). Other concerns are economic uncertainty and shifting workplace and workforce.

NCCI's report stated workers' compensation combined ratios have been low in recent years due to a continued long-term decline in frequency, with moderate severity and growing wages. These favorable results drive loss costs down for carriers. Loss costs continue to decrease when wage growth outpaces changes in severity and frequency.


NY Expands Workers Compensation Coverage for Work Stress Claims : SHRM  January 24, 2025On Dec. 6, 2024, New York Gov. Kathy Hochul signed new legislation, S.6635/A.5745, to support employees facing job-related mental health issues. The law, which went into effect on Jan. 1, 2025, will allow any employee to file for workers’ compensation for specific types of mental injuries based on extraordinary work-related stress.

News

Perceptible New Orientations in Workers' Compensation Claims and Insurance On The Horizon
By Lonce Lamonte - February 10, 2025

Younger generations are now in the workforce. It's noticeable that younger people have a greater interest in their men...

California Division of Workers' Compensation Issues Notice of Public Hearing on March 14, 2025 for Proposed Evidence-Based Update and Adoption to the Medical Treatment Utilization Schedule
By Lonce Lamonte, adjustercom editor using DWC Newsline's News Release Dated February 7, 2025 - February 7, 2025

The Division of Workers’ Compensation (DWC) has issued a Notice of Public Hearing for proposed evidence-based update ...

California Division of Workers' Compensation Posts Additional Adjustment to Official Medical Fee Schedule for Pathology and Clinical Laboratory
By Lonce Lamonte, adjustercom editor using DWC Newsline's News Release Dated February 6, 2025 - February 6, 2025

The Division of Workers’ Compensation (DWC) issued an order dated December 27, 2024, adjusting the Pathology and Clin...

Features

Restaurant Industry Set to Confront Workers' Comp Challenge with New Food and Beverage Insurance Rating Classification
By Jorge Alexandria - June 28, 2024

I sat in on an in-person Workers' Compensation Insurance Rating Bureau (WCIRB) seminar that covered a Read More

People

Scott Stevens gets moved up to Claims Manager at Corvel while veteran Sandra Loncaric secures a Senior Workers' Compensation Examiner position at Disney
By Lonce Lamonte - January 25, 2025

Scott Stevens is now the Claims Manager at CorVel Corporation in San Diego, California.

Scott was promoted up from ...

 
 

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