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.

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The Premium Cost Containment Program

In 1989, the Colorado legislature enacted the Premium Cost Containment Program. Under this program, employers who implement and maintain a standardized loss prevention/loss control program, and achieve certification status are eligible for a reduction on their workers’ compensation insurance premiums. By preventing injuries and lowering costs of claims, these employers also contribute to the stabilization and possible reduction of the standard rates set for their respective industries. Certification status is granted by the Premium Cost Containment Board to employers who can document that they have had a loss prevention/loss control program in effect for at least one year.
The six minimum requirements for certification in the program are:
1.Declaration of Policy
2.Safety/Risk Assessment Committee and/or Coordinator
3.Safety/Loss Prevention Rules
4.Safety/Loss Prevention Training
5.Designated Medical Provider
6.Written Claims Management Procedures

The basic requisites are summarized in the Essentials Premium Cost Containment Program & Employer Certification booklet on the Division website.

http://www.coworkforce.com/dwc/WhatIs/EmployerWhatIs.asp

Knowing Excel — Yes, Microsoft Excel — Is Crucial To Making More Money

We use Microsoft Office for your Analysis. Does your company?

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Knowing Excel — Yes, Microsoft Excel — Is Crucial To Making More Money

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Forget learning how to code. The tech skills required to get out of the low-wage workforce are actually a lot simpler. Knowing how to use basic software like Microsoft Excel and Word, it seems, are critical to earning a living wage these days, according to a new analysis of the labor market.

Understanding spreadsheet and word-processing software is a baseline requirement in nearly 80 percent of all middle-skill job openings, according to the report, first discovered by Lauren Weber at the Wall Street Journal.

The research, from labor analysts at Burning Glass Technologies with funding from Capital One Foundation, defines middle-skill occupations as those that don’t necessarily require a college degree but pay more than the median national living wage of $15 an hour. These include store manager, retail supervisor and office/administrative assistant. The researchers looked at job listings posted in 2014.

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