Workers’ Compensation Insurance: Claim Costs, Prices, and Regulation

  • David Durbin
  • Philip S. Borba

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Richard J. Butler, John D. Worrall
    Pages 25-50
  3. John D. Worrall, David Durbin, David Appel, Richard J. Butler
    Pages 51-67
  4. J. David Cummins, Patricia M. Danzon
    Pages 99-127
  5. Richard J. Butler, John D. Worrall
    Pages 129-146
  6. Neil A. Doherty, James R. Garven
    Pages 147-170
  7. John D. Worrall, Richard J. Butler, David Durbin, David Appel
    Pages 187-221
  8. H. Allan Hunt, Rochelle V. Habeck, Michael J. Leahy
    Pages 243-292
  9. Back Matter
    Pages 341-350

About this book

Introduction

The articles in this volume were first presented at the Seventh and Eighth Conferences on Economic Issues in Workers' Compensation sponsored by the National Council on Compensation Insurance. A principal objective of the Conference series has been for workers' compensation insurance researchers to apply state-of-the-art research methodologies to policy questions of interest to the workers' compensation insurance community. This community is a rather diverse group--it includes employers, insurers, injured workers, regulators, and legislators, as well as those who service or represent these groups (e.g., physicians, rehabilitation specialists, labor unions). Despite this diversity and the variety of agendas, the Conference series continues to address many important policy questions. Readers familiar with the Conference series and the four previously published volumes should notice an evolution in terms of the topics addressed in this volume. In the earlier conferences, the topics were more often concerned with the underlying causes of the tremendous increase in workers' compensation benefit payments. In the present volume, h- ever, only four of the fourteen chapters directly concern workers' c- pensation insurance benefits, while the other ten concern the pricing of workers compensation insurance. This is not to suggest that workers' compensation cost increases have abated. In 1989, workers' compensation incurred losses exceeded $45 billion to continue the annual double-digit cost increases. Two explanations can be offered for the somewhat altered focus of this volume. First, despite the continued increase in prices, the financial results for the workers' compensation insurance line continue to be poor.

Keywords

Distribution insurance management option pricing pricing rating

Editors and affiliations

  • David Durbin
    • 1
  • Philip S. Borba
    • 2
  1. 1.Milliman & Robertson, Inc.USA
  2. 2.Milliman & Robertson, Inc.USA

Bibliographic information

  • DOI https://doi.org/10.1007/b102446
  • Copyright Information Kluwer Academic Publishers 1993
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-0-7923-9170-8
  • Online ISBN 978-0-585-32530-9
  • Series Print ISSN 0924-5014
  • About this book