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Workers' compensation losses, rates at all-time lows.(Insurance: What's Ahead?)
Competition, self-insurance and more diligent management of risks are expected to keep workers' compensation rates at an all-time low.
Competition is the most significant contributor to lower workers' compensation rates, according to insurance industry analysts.
Other factors contributing to lower rates are the trend toward more self-insurance and steps taken to manage the risk more effectively, such as signing deals with hospitals and doctors much like managed health care, experts say.
Losses as a percentage of premiums are at an all-time low for workers' compensation insurers, according to the State Department of Insurance.
The loss ratios are a …
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- Uninsured, and illegal. (employers without workers' compensation insurance)
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Magazine article from: The Business Journal-Milwaukee
Sneider, Julie
June 6, 1997
700+ words
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- Workers Compensation Insurance Rates in Oklahoma Remain High.
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News wire article from: Daily Oklahoman (Oklahoma City, OK)
September 9, 2001
700+ words
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- Workers' comp rates frozen. (compensation insurance rates)
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Magazine article from: Austin Business Journal
McCann, Bill
December 3, 1990
700+ words
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- Kansas Agency Approve Cut in Workers' Compensation Insurance...
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News wire article from: Knight Ridder/Tribune Business News
Boulton, Guy
May 31, 1996
700+ words
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- Workers' comp costs $60 billion a year. (workers' compensation) (Insurance)
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Magazine article from: St. Louis Business Journal
McLaughlin, Tim
September 12, 1994
700+ words
