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What’s
New
Workers Comp Current Events
and
What's Up at ICRB
04/06/2007
Fatal Occupational Injuries
For 2005 countrywide, BLS reported a total of 5,702 work-related
fatal injuries and a rate of 4.0 deaths per 100,000 workers.
Compared with 1992, this represents an 8% decline in the number
of deaths (from 6,217 in 1992) and a 23% decline in the fatality
rate (from 5.2 in 1992). The highest percentages of fatal
workplace injuries were attributed to highway incidents, followed
by falls, being struck by an object, and homicides. Since
1992, the number of deaths resulting from highway incidents,
falls, and being struck by an object has increased, and the
number of homicides has decreased. The report concludes that
although substantial improvements have been made, preventable
deaths from work-related injuries continue to occur at a rate
of nearly 16 deaths per day.
Slices
of Fatal Injury Data:
- Male
= 93%; Female = 7%
- Age
35-46 = 46%, however workers aged 65 and older had the highest
rate for all types of fatal events
Event Categories:
- Transportation
= 43%
- Contact
with objects or equipment = 18%
- Assaults
and violent acts = 14%
- Falls
= 13%
Source: "Fatal
Occupational Injuries - United States, 2005" report
in the Morbidity and Mortality Weekly Report, 4/6/07; Centers
for Disease Control and Prevention
10/11/2006
Approved January 1, 2007 Advisory
Rate Filing
On September 29, 2006 the ICRB delivered the proposed
filing to the Indiana Department of Insurance (IDOI). On October
11, 2006, Department of Insurance (IDOI) stamped the filing
as "FILED" which completes the approval process. The filing
proposes a decrease of:
. -3.4 % to the loss costs;
. -3.1% in overall premium level, and;
. -3.1% in overall rate level.
This overall decrease follows last year's premium level increase
of 2.2%. For more information on our website: click on the
"RATES" tab to see rate pages or browse the rate filing document,
and read ICRB Circular 2006-10 in CompClues document database.
10/31/2005
The ICRB filed with the Indiana DOI the 1/1/06
advisory rate filing and loss costs On October
31, 2005 the Department of Insurance (IDOI) stamped the filing
as "FILED" which completes the approval process. The filing
indicates an increase of:
+ 2.2% in overall premium level;
+ 2.1% to the loss costs, and;
+ 1.9% to the overall rate level.
This overall increase follows last year's premium level increase
of 3.2%. For more information, click on the "RATES" tab to
see rate pages, ICRB Circular 2005-10, and the rate filing
document.
09/21/2005
The ICRB filed with the Indiana DOI a revision
of rates for 8 class codes stamped "FILED" on 09/21/2005
and effective 01/01/2005. Payroll for the eight codes (1655,
3085, 3365, 5472, 5473, 7601, 7720, and 8107) had been understated.
Revised payrolls produced rate reductions for these codes.
Companies may apply these revisions to in-force policies at
audit. Online rate pages were updated as of 12/22/2005.
01/10/2005
The Workers Compensation Board of Indiana issued its notice
for the 2005 Second Injury Fund assessment
of 1.8675%. The Board has set up two installments.
The first is an assessment rate of 1.02% and is due February
14, 2005. The second is an assessment of 0.8475% and is due
June 14, 2005. A third installment of 0.1825% may be necessary
at the Board's determination.
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