Experience Mod Catastrophe – Going Over 1.0 Every week J&L Risk Management Consultants receives an employer inquiry on what is becoming a Workers Comp Experience Mod Catastrophe. Let us look at how it happened to many employers.  The employers’ situations are striking similar.   A similar article that I published in 2017 on this subject – […] The post Experience Mod Catastrophe – 1.01 Causes Business Losses appeared first on J&L Risk Management Consultants ..read more

Workers Comp Trends in New NCCI Loss Costs Report Whenever the NCCI (National Council on Compensation Insurance) issues any statistical report, I like to see if there are any Workers Comp trends or anomalies. Check out this report summary and the full report here-PDF file. Both of them are freebies – no paywalls. The report will […] The post Workers Comp Trends – Searching For Outliers In NCCI Report appeared first on J&L Risk Management Consultants ..read more

Cutcompcosts Articles Reach 2,000 Milestone One important event happened to this website and blog last week.  Yes, Cutcompcosts articles have reached 2,000 since it started in 2007.  I attended a conference in 2007 that said articles and newsletters were still a valid way to reach an audience and for marketing. I never liked to brag […] The post Cutcompcosts Articles Reach Unexpected Milestone appeared first on J&L Risk Management Consultants ..read more

California Workers Comp Injury Statistics From WCIRB Webinar The Workers Comp Insurance Rating Bureau (WCIRB) webinar on April 18th was full of great info on the Golden State.  You can find the slides from the webinar here.  The slides are great California Workers Comp Injury Stats.  Reviewing the slides will be well worth your time. […] The post California Workers Comp Injury Stats – WCIRB Webinar appeared first on J&L Risk Management Consultants ..read more

Workers Comp Economics – NCCI Labor Market Insights – Worth A Look A new NCCI Workers Comp Economics section that you may want to check out can be found here.  Anyone who works in the world of Workers Comp – including employers – will find this useful.   I have included an example of the April […] The post Workers Comp Economics In One Chart – Great Stats appeared first on J&L Risk Management Consultants ..read more

Workers Comp Medical Costs Still Very Stable – Good for the Market Workers Comp medical costs have been watched and analyzed by different groups such as NCCI, WCIRB, and WCRI. Workers Comp Medical Prices are usually the driver for Workers Comp costs overall. Workers Comp medical costs are likely going to increase over the next […] The post Workers Comp Medical Costs – The Past Says No Big Increases appeared first on J&L Risk Management Consultants ..read more

10 Years of Workers Comp Pricing Shines Compared to Other P&C Lines A Workers Comp pricing chart shows how successful Workers Comp has become over the other Property and Casualty lines I was reading through one of my recommended publications – Business Insurance – last week when I came across an astounding chart in an […] The post Workers Comp Pricing – 10 Years of Great Results appeared first on J&L Risk Management Consultants ..read more

Workers Comp Pandemic Effect Slowly Works Out of Numbers March 1, 2023,  would have been the end of the COVID-19 emergency.  I am assuming that California was the last state to remove the emergency. I was asked this question in an email last month.  How long will the pandemic effect show up in Workers Comp […] The post Workers Comp Pandemic Effect Over in March 2027 – Really? appeared first on J&L Risk Management Consultants ..read more

New York Workers Comp – NYSIF Fines Governor Hochul’s Campaign The New York State Insurance Fund (NYSIF) recently sued their own Governor’s campaign committee for a $50K fine.  I originally came across this article from a Claims Magazine newsletter covering this New York workers comp situation.   No, this is not a politically-based article as none […] The post New York Workers Comp Coverage – Even A Governors Campaign appeared first on J&L Risk Management Consultants ..read more

Do High Wage Earners Have Longer TTD Duration? – New NCCI Study Do high wage earners stay out of work longer? A recent study by NCCI points to adding age to the study variable mix.  That makes sense to add in an age factor.  We all know that older workers usually earn more than their […] The post High Wage Earners Stay Out Of Work Longer? – NCCI Study appeared first on J&L Risk Management Consultants ..read more