23, 1993 decision by the Virginia State Corporation Commission (SCC) that established advisory base rates and assigned risk
rates for workers' compensation insurance in the Commonwealth.
Under the law, grant applicants are assigned risk
ratings based on answers to questions about general operations, internal controls, performance measurements and other topics.
Because there are many different types of MDS, the patients are assigned risk
levels based on disease type, blood test results and the presence or absence of specific mutations in the affected cells.
* A/R Aging: Assigning risk ratings on the aging report is one of the best things you can do when focusing on prioritization of A/R management, If this data is "sortable" on the aging report, then it becomes easier to make determinations on customer contacts via the assigned risk
The NCCI filed in September for a 16.8 percent decrease in loss costs and a 19.8 percent decrease in assigned risk
The National Council on Compensation Insurance sought the cut in overall voluntary loss costs and a 12.6% cut to overall assigned risk
Losses in the assigned risk
market--for those companies whose losses are so great that they can't purchase workers' comp on the voluntary market--went down 10.3 percent.
* Don Spharler, president of IA Inc., an insurance and risk service company associated with First Arkansas Insurance-Pine Bluff and a past president of the Independent Insurance Agents of Arkansas, where he once co-chaired the IIAA Workers Compensation Special Market Committee and worked for changes in the Arkansas workers' compensation law and the Arkansas Workers Compensation Assigned Risk
Loss costs (rates) on average decreased this year (minus 2.6 percent voluntary and minus 3.1 percent for the assigned risk
pool), according to Dave Kester, CPU, a senior account executive with Alaska USA Insurance Brokers.
The assigned risk
values were then combined with weights calculated using the Analytic Hierarchy Process (AHP: Saaty, 2008).
In the absence of TRIPRA, a large portion of this business would either be in the assigned risk
pools of the various states or be self-insured.