Workers' Comp

Maryland state officials will no longer be able to dip into the states workers compensation fund beginning next year after legislation was signed into law changing the status of the fund to a non-profit corporation.

With 2012s first quarter in the books, executives and industry observers have noted that property and casualty pricing remains on the upswing. Following are observations from industry leaders made during conference calls and in recent analyses in response to 2012 first-quarter results.

Two effective Workers Compensation cost-control strategies involve the carrot and the stick.

Finding the right insurance carrier to help a company mitigate its Workers Comp costs is key, says Mary Beth Pittinger, vice president and executive underwriter of Workers Comp for the Chubb Group of Insurance Cos.

Controlling Workers Compensation costs is a process that needs to start at the very top: Those in the C-suite need to commit themselves to creating a zero-injury culture at their organizations, says Calvin Beyer, head of manufacturing for Zurich North America Commercials customer industry segments.

Creating best practices in Workers Comp for many insurers now means going beyond the basics, digging deep into their claims history, and making manufacturing better at manufacturing Workers Comp.