Author Archives: Walt Capell
California Workers Compensation Insurance Rate Increased Planned for 2013
The CA WCIRP is currently considering a 12.6% rate increase for workers compensation insurance premiums effective January 1, 2013. This represents an 11.2% increase beyond what the California Insurance Commissioner approved just a few months ago. Driving forces beyond the CA work … Continue reading
Posted in CA, State Workers Compensation
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MIssouri Legislatures Pass New Workers Compensation Bill
The Missouri House passed a bill last Thursday which approves legislation barring employees from suing co-workers for job-related injuries. Civil suit will not longer be an option aganist co-workers when employers have workers compensation coverage. Co-employee liability bill is HB1540 … Continue reading
Posted in MO
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Negotiating the Best Workers Compensation Quotes
There has been a lot of talk lately about the workers compensation market hardening in 2012. Many states have announced that their average rates for coverage are on the rise. NCCI has indicated that carriers continue to file higher rates … Continue reading
Workers Compensation Class Codes
One of the most important aspects of pricing work comp insurance revolves around the classification system, or class codes. Most states rely on the National Council on Compensation Insurance (NCCI) to develop and maintain workers’ comp codes, while a few states such … Continue reading
Posted in General
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Cell Captives Not Just for the Big Boys Anymore
In the not so distant past insurance captives required a ton of capital and were out of reach for many business owners. The cost required to start a captive, coupled with the overhead and expertise needed to manage it, made … Continue reading
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Retro Plans Help in Hard Market
Can a workers compensation retrospective rating plan be a good tool for larger accounts as the comp market hardens? Many insurance companies and industry professional expect the workers comp market ot begin to harden this year (2012). A hard market … Continue reading
Posted in General, National Workers Compensation
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The Hartford XactPay
The Hartford adapts XactPay program away from QuickBooks with XactPay Express Several years ago The Hartford introduced the XactPay program exlusively for QuickBooks Users. In 2011, The Hartford expanded the program to allow all employers with an Internet connection to … Continue reading
Posted in General, National Workers Compensation
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Pay As You Go Workers Compensation
What is Pay As You Go Workers Compensation and how can it benefit an business? Pay As You Go Workers Compensation is a relatively new way to buy workers compensation coverage. The primary benefits of Pay As You Go include 1. reducing the … Continue reading
Workers Compensation by State
Workers Compensation Shop.com launches new state work comp directory. Each state directoy includes links to state specific comp information including state rates, forms, rules, laws, resources, and quotes. Workers Compensation Shop is a national insurance agency licensed in all states. They specialize … Continue reading
Posted in State Workers Compensation
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Retail Insurance vs Wholesale Insurance
In today’s world, it is getting hard to tell the difference between a retail insurance agency and a wholesale insurance agency. More and more states are dropping any distinction between a broker and an agent. So what’s the difference anyway? … Continue reading
Posted in General
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