i3 illuminate

2020 will introduce new minimum wage rates higher than the Federal $7.25 per hour rate. 24 states and the District of Columbia will have changes with the vast majority of those changes taking effect on January 1, 2020. See that attached Compliance Bulletin to get the...

NCCI is recommending a 5.4% average decrease in Florida’s workers’ compensation insurance rate for 2020. NCCI’s report explains how the decrease in loss time claims frequency and both medical and indemnity loss ratios in the state continue to decline since peaking in...

Several insurance blog posts have been “touting the State of The Line” of how well the Workers’ Compensation (WC) Insurance industry is profiting despite several years of rate reductions.  So why is workers’ compensation insurance hitting these low combined ratios in...

NCCI released its annual State of the Line report this week.  Worker’s Compensation insurance is performing at a preliminary 83% combined loss ratio in 2018 which is the lowest since the 1930s and the 4th consecutive year the combined loss...

  “Without data, you're just another person with an opinion.” ― W. Edwards Deming W. Edwards Deming was a pioneer in business management also created the data collection and statistical models for the United State Bureau of Labor of Statistics. The Deming System...