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West Virginia Workers Compensation After Monopoly


West Virginia Workers Compensation After The Monopoly

The West Virginia Workers Compensation system has gone through many abrupt changes.

Truck Carrying Bricks West Virginia Workers Compensation Graphic

I just returned from a business trip to  Mountain State.  The West Virginia Workers Compensation system was in turmoil for a few years.  West Virginia has just experienced the switch from Brickstreet and the monopolistic system to an open market system.  How many employers placed their coverage with another Workers Comp carrier after the start of the open market is unknown.  I am sure the number of policyholders that switched will be reported by the newspapers or television stations.

Over 80% of our West Virginia clients have switched or are in the process of switching to another carrier.  This number may not be that accurate overall.  Most of our clients were not satisfied with their Worker Comp program.  That is why they contacted us.  The  80% figure may be much lower in the overall market.  Travelers and AIG both have arrived in force.

Our recommendation to policyholders that are in a state with a volatile Workers Comp situation is to read all policies;  audits;  and claims loss runs as they receive them. Workers Comp policies are not that long.   You may be surprised at what you find.

Due to the way that policies had to be rated by NCCI, some of our clients had multiple mini-policies that covered as little as two months.  It may be a good idea to put your premium charges on a spreadsheet to lessen the confusion.  We have found some of the policies difficult to follow and analyze.  That is/was no one’s fault.  When you have to simulate E-Mods with no reliable data, the task is difficult.  The NCCI did an admirable job promulgating E-Mods by using other states’ rates as part of the data.

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James J Moore - Workers Comp Expert

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Management Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications


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