NCCI Workers Comp Residual Market Forum – Quiet Market Segment Review Last week, I attended/watched the NCCI Workers Comp Residual Market Forum. The Forum was usually provided to carriers only in the past. I decided to not pass up the chance to see the numbers on a huge market that
Workers Comp Assigned Risk Pool For Safe Companies? This workers comp Assigned Risk Pool question is usually from an employer that is totally exasperated at the work comp system. How does such a safe company end up in the workers comp assigned risk pool? The Assigned Risk Pool is unfortunately
Assigned Risk Plans and Premium Bill Dispute Some assigned risk plans may become quite complicated as in the case of a reader that found themselves in a quandary. A Tennessee reader of our blog that found us in a Google search asked this question. We are about to renew
Largest Workers Comp Concern Today Seen As Split Points The Split Points became the Largest Workers Comp concern presently. I am presenting at the North Carolina Mid State Safety Council conference tomorrow. A few weeks ago I was contemplating what would be the largest concern for safety, human resource,
Assigned Risk Plans Are Not Voluntary Should I have to join the Assigned Risk plans? The Assigned Risk Plan (ARP) is not a voluntary choice. There are other names for the ARP such as risk pool. The rates in the ARP are much higher than the general voluntary marketplace. In fact,
Assigned Risk Pool E-Mod With A Low E-Mod The Assigned Risk Pool looks like a failure even with a low E-Mod. I recently received two calls on a very sore subject with certain groups of employers. One exact question was – How in the world can my company be placed
Assigned Risk Adjustment Program – Term Of The Day The assigned risk adjustment program is an additional debit charge placed on Assigned Risk policies with experience modification factors higher than 1.00.. It is applicable to the NCCI jurisdiction states. The notable exception is Massachusetts, where ARAP stands for All
Term Of The Day – Assigned Risk Plan The Assigned Risk Plan is sometimes called the Assigned Risk Pool . The plan is designed for employers who cannot procure coverage from an insurer in the voluntary market. Normally, the rates are higher for those who are forced to obtain coverage under
ARAP – Workers Comp Definition ARAP charge appears on many policies. Over the past decade, various states have approved a new premium surcharge known as ARAP, Assigned Risk Adjustment Program. Massachusetts is an exception and here it stands for All Risk Adjustment Factor. The charging structure is very similar. The
Two Large Self Insured Groups Fall On Hard Times The Preferred Auto Dealers Self Insured Program of California failed due to the large reduction in the number of dealers and the shrinkage of the surviving car dealers. Due to the recent credit crunch the fund was unable to obtain an uncollateralized
Questions About Assigned Risk Pools Last week, I posted a short note about the Assigned Risk Pools for Workers Compensation in West Virginia. I received quite a few questions about the Assigned Risk Pool from West Virginia and other states. It seems that quite a few additional employers are being
Workers Compensation Insurance Assigned Risk Rates I recently read a great article on the West Virginia Assigned Risk Pool in the Daily Mail. The article was very accurate on how the Assigned Risk Pool works and the increases in premium for being in the Assigned Risk Pool. The article said
Assigned Risk Pool – Getting Out Of It Is Possible The Assigned Risk Pool makes an alternate decision very difficult. The easiest method to remove your company from the Voluntary Risk Market and place your Workers Comp coverage in the general marketplace is to reduce your Experience Modification Factor. Your
Assigned Risk Plan Explanation – Necessary And Expensive An Assigned Risk Plan is frequently called the Pool. The Assigned Risk Plan is a mechanism established by individual states to make sure that employers can obtain WC insurance even if insurance companies are not willing to write such insurance on a voluntary
Workers Comp Insurance Pools – Acting Like A Fully Self-Insured Workers Comp Insurance Pools were a great way to save on premiums in the past. Homogeneous employers were grouped together into risk pools and each member of the pool paid their share of the Workers Comp total costs. The Insurance
The Assigned Risk Pool – Very Expensive Insurance My Company is in the Assigned Risk Pool. Are we paying that much extra, and if we are, how do we get out of it ASAP? We currently have quite a few employer clients that have asked for us to help get
Workers Comp Class Codes Quick Primer The Workers Comp Class Codes are also known as Class Codes, Work Comp Codes, Codes, etc. Today, let us start with the definition of the Class Codes. As I mentioned in my last post, the errors that we find have a common theme to
Web Design in Raleigh By Redwood
