Workers Comp

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Rapid comp indemnity growth post-pandemic trend to ‘watch’

Lauded as the most profitable commercial insurance line, workers compensation is seeing increases in indemnity payments in several large states post-pandemic, likely spurred by wage inflation, but the trend is unlikely to trigger a reversal in year-over-year rate decreases for now, experts say. In the latest report to show comp payments to injured workers on …

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Perspectives: Human adjusters teaming with AI agents way of the future for workers comp claims

In workers compensation claims, outcomes have historically depended on the quality of experts — both the claims adjuster and, less visibly, a team lending support to adjusters behind the scenes. What if that team wasn’t just made up of human experts but also included a squad of artificial intelligence bots, or “agents,” working in tandem, …

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Workers comp loss costs decreasing due to payroll changes: NCCI

Workers compensation bureau loss costs are decreasing, mostly due to changes in payroll used to calculate premiums, along with a continued decline in injury claim frequency, according to a report released Tuesday by the National Council on Compensation Insurance. Workers comp costs have been increasing recently at a slower pace than wage inflation, resulting in …

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