The workers’ compensation industry’s results improved in 2012. Premiums grew for the second straight year, the combined ratio improved, and claims frequency declined at a faster rate than severity increased, according to a report by the A.M. Best Co.
A study in the American College of Occupational and Environmental Medicine’s official journal adds to previous evidence suggesting that non-workers’ compensation insurance – including employee health plans and public insurance – covers at least part of the costs of work-related injury and illnesses.
Gov. Andrew Cuomo on Wednesday detailed a series of measures intended to reduce the cost to employers under New York’s workers’-compensation system 26 percent in 2014. The measures would save businesses and local governments $300 million in annual expenses, the governor’s office said in a news release. The Business Relief Act, which Cuomo signed as […]