News Compensation For Workers - Debated

Compensation For Workers – Debated

-

The U.S. w?rk?r?’ ??m??n??t??n insurance ??ct?r c?nt?nu?? to f??? an unc?rt??n future as ??mpet?tiv? ?r???ng, further r?t? decr????s, weak m??roecon?m?c f??tor?, ?nd gr?w?ng h?alth?ar? ???ts continu? wh?l? ?l?im frequ?ncy c?ntinu?d t? ris? in 2010 ?nd ?arl? 2011, ?c??rding t? A.M. Best.
Wh?l? th? l?n? is still d??l?ng w?th th? s?me is?ue? ?n 2011, A.M. Be?t s??d ther? is some r???on t? be h?p?ful as pr?m?um growth a?p?ars to be on a p???t?ve tr?ck in 2011 for th? f?rst tim? ?in?? 2005.

H?w?v?r, ?n c?ntrast to th? ????t?v? ?r?m?um gr?wth A.M. B??t s??d th?t ?ond?ti?n? ?ppe?r gr?m ?ver th? n??r t?rm, with exp??t?ti?ns th?t und?rwrit?ng r??ult? w?ll w?ak?n further before the? g?t b?tt?r. At the ??me t?m?, howev?r, resear?h by ? p??r ?f res?ar?h?rs at th? Univers?t? of cal?f?rnia at D?v?? ?ugge?t ?th?rwi??.
Let’s l??k ?t the A.M. Best re?ort first ?n th? current ?t?te ?f w?rk?r?’ ??mp?n??tion. Oth?r k?? f?ndings ?n this re?ort:

• Re?ult? f?r th? w?rk?rs’ ??m? lin? ?f bu??ne?s d?t?r??r?t?d sh?r?ly ?n 2010, w?th the ??lendar-??ar ??mb?n?d rati? ?n?r?a??ng nearl? ??ven ?oints to 118.1, th? high?st l?v?l ?in?? 2000.

• N?t pr?mium? written (NPW) f?r th? l?n? fell f?r the f?fth c?n?ecutiv? ??ar ?n 2010. Pr?mium volum? has decl?ned more th?n 30 perc?nt ?inc? NPW re??hed ?t? high ?n 2005. Wh?l? NPW d?cl?n?d f?r m??t ?nsur?r?, ? numb?r of ?omp?n?es ??w ?n increa?e in 2010.

• The to? fiv? workers’ ?om? in?ur?r? ranked by NPW ?n 2010 r?m?in?d unch?nged, w?th Libert? Mutual insurance Cos., Am?r?c?n Int?rn?t??nal Group (AIG), Tr?veler? Gr?up, H?rtf?rd insurance Gr?u? ?nd the St?t? insurance Fund ?f N?w Y?rk st?ll l?ad?ng.

• Through Se?t. 15, 2011, neg?t?v? r?t?ng ??ti?ns out???ed ?o?it?v? r?t?ng ?ct?ons in th? w?rk?rs’ c?m? s?gm?nt by m?re than ? 2-t?-1 m?rg?n. In ?ddit?on, th?r? w?r? ??ght rat?ng un?ts aff?rm?d w?th n?g?tiv? outlo?k? during th?s t?m?, and A.M. ?xpe?t? th?s trend to ??ntinue f?r the r?maind?r ?f 2011.

N?w Study Contr?d??t? A.M. B??t
Sk?r?ck?ting worker?’ ?omp?n?ati?n ?l?ims p??m?nt? are ?ft?n bl?med for r???ng premium?, but ? UC Davi? stud?, ??c?rding t? He?lthC?nal, ha? f?und th?t the number ?f ?l?ims h?s dro??ed dur?ng the ???t tw? d?c?d?s. Published ?n th? S??t?mb?r-Oct?b?r ???u? ?f Publ?c Health R?p?rt?, th? ?tudy sh?ws that h?gh?r prem?um? are ?nstead a?soc??t?d w?th de?rea?e? in th? Dow J?ne? Indu?tr?al Aver?ge and ?ntere?t rat?? on U.S. Treasur? b?nd?.
‘insurance ??m?an?e? ?p?ear t? h?v? been ??tt?ng pr?mium? ?cc?rding t? th??r r?turns on the sto?k ?nd bond m?rk?t?, not accord?ng t? th? numb?r of cl??ms th?y h?v?,’ sa?d J. P?ul L?igh, UC Davis prof????r ?f ?ubl?? h?alth ??i?n??s and ?en??r author of the ?tud?. ‘They inv?st b??aus? the? n?ed ? f?n?n??al cush??n to pay for ?l?ims and, ?f they l???, r???? prem?um? t? re?ou? the?r l?s?e?, L?igh a?s?rts.
Th? r??e?rchers found th?t whil? pr?mium? ?ncre?s?d from 1992-2007, cla?m? de?re?sed 1 t? 2 p?rcent ???h y??r. Cl??m? f?r s?ri?u? ?lln??s?? and injur??? v?ried, but d?creased ?v?rall.

Th? t??m al?o d?s??v?red th?t f?r th? ?ntire 35-year t?mefr?m? ?f the study, r??ing pr?mium r?t?? w?re cl???l? linked w?th th? Dow J?n?? Industrial Av?r?ge ?r Tr??sur? b?nd?. As e?ther th? Dow or ?nt?r??t rat?? ?n Tr??sur? bond? f?ll, ?r?m?ums r???, ?nd v??? ver?a.
Work?r’? ?omp?nsati?n Ba?kgr?und
Ev?ry ?t?t? ?xc??t Tex?s r?qu?r?? emplo??rs to ?r?v?d? w?rker?’ comp?n?at??n c?v?r?ge. In T?xa?, em?loyer? ?an ?ho??? n?t t? ??ver the?r ?m?l?y?e?, but ?f th?y mak? th?t cho?ce they are n?t ?rot??t?d from t?rt su?ts f?l?d by ?n?ur?d emplo????.

S?me ?t?t?? ex?mpt from m?ndat?ry ??v?r?g? ??rt?in ??t?g?ri?? of workers, su?h ?s th??? in very ?m?ll firm?, c?rt??n agr??ultural w?rk?r?, hous?h?ld w?rk?r?, emplo?e?s of ch?r?table or r?ligiou? ?rganiz?ti?n?, or ?mpl??ees ?f s?m? un?t? ?f ?tate and l?c?l g?v?rnm?nt. Em?l???rs with few?r than three w?rk?r? ?re ex?mpt from m?nd?t?ry work?r?’ ??m?en?at??n ?over?ge ?n Arkans??, C?l?r?d?, Ge?rgi?, M??h?gan, N?w M?x?c?, N?rth C?rolin?, Virgin??, ?nd W?s??nsin. Em?loy?r? w?th fewer than four w?rker? ar? ex?mpt ?n Fl?r?d? ?nd S?uth C?rol?na. Th?se w?th f?w?r than f?ve ?m?l???e? ?r? ?x?mpt ?n Al?b?ma, M??????ip?i, Mi?sour?, and Tenn?????.

Compensation For Workers – Debated
General Contributor
Janice is a writer from Chicago, IL. She created the "simple living as told by me" newsletter with more than 12,000 subscribers about Living Better and is a founder of Seekyt.

Latest news

Japanese Owl Meaning and Symbolism

If you're wondering about the Japanese owl meaning and symbolism in Asian cultures, the Owl, along with Maneki Neko...

What Are the Signs of Depression in Women

Gender and depression have long been the scope of research in the field of emotional disorders; most authors believe...

Top 7 Superfoods for Men to Stay Young

Superfoods are generally regarded as targeted foods that provide the maximum nutritional benefit - thus these foods are nutritionally-dense...

Best Brain foods for Kids – Boost Brain Power and Keep Sharp

A child's brain is developing rapidly and if you want them to improve their performance in school and their...

7 of the Best Brain Foods for Studying

The foods that you eat can improve the functioning of your brain. Just like drugs, foods have amino acids,...

B12 Shots for Dogs – 10 Key Benefits

The end of 2010, my little dog -- a 7-pound Papillon -- became very stressed after a flood in...

Must read

Some Quick Tips to Ensure Complete PC Maintenance

Many of you might get confused when it...

Let's Talk About Divers Kinds of Tongues

What Are We Talking About? The Bible...
- Advertisement -

You might also likeRELATED
Recommended to you