States’ Rights or Federal Control & Oversight?

Young: Federalizing Comp: Reality or Pipe Dream?

Even though the Obama administration is on the last lap, it has now waded into the debate about whether workers’ comp systems are failing employees and employers.

Julius Young

Julius Young

The October 2016 report of the U.S. Department of Labor is titled “Does the Workers’ Compensation System Fulfill its Obligations to Injured Workers?” Speaking at a conference introducing the report, U.S. Secretary of Labor Thomas Perez noted that the federal government had abdicated responsibility over what was termed a critical safety net program.

Workers’ comp systems are not federal programs, though, which is part of the problem. So the federal government has not abdicated anything because it had no authority in the first place.

 

Read more

There will not be a loss cost hearing this year

Workers’ Compensation Insurance

News

The National Council on Compensation Insurance (NCCI) loss cost filing effective January 1, 2017, was received by the Division of Insurance (Division) on July 29, 2016.  The filing was under review by the Division pursuant to Section 10-4-406 (3.5), C.R.S.  The review period provided by Section 10-4-406 (2.5), C.R.S., is now complete.  The filing is now considered to be placed on file pursuant to Section 10-4-406 (2), C.R.S. The public inspection period pursuant to Section 10-4-406 (2), C.R.S., will end on October 20, 2016.

There will not be a loss cost hearing this year.  Any comments from the public are requested to be submitted via email to Marika Maniatis, Actuarial Section before October 20, 2016.

Oliver Wyman’s Actuarial Report of the NCCI’s 2016 Loss Cost Filing, Produced on Behalf of the Division of Insurance

NCCI’s A-Sheets, Effective January 1, 2017

NCCI’s Loss Cost Filing, Effective January 1, 2017

About Workers’ Compensation:

The Colorado Division of Insurance does not have jurisdiction over individual Workers’ Compensation Claims. These claims are handled by the Colorado Division of Workers’ Compensation (CDWC) in the Department of Labor and Employment. The CDWC is the state office responsible for administering and enforcing the workers’ compensation law in this state. For general information on Workers’ Compensation please visit the Colorado Department of Labor and Employment Division of Workers’ Compensation. A link is provided above.

Looking for more information about Workers’ Compensation Insurance?

 

Read more