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

Hardcover
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Author: David Durbin

ISBN-10: 0792391705

ISBN-13: 9780792391708

Category: Employees - Health & Safety

The first four papers in this volume address benefit system policy matters, and the last ten papers address the pricing, regulation, and potential insolvency of workers' compensation insurance. \ Within each general area, the papers are arranged in such a way that the first papers address broad issues of workers' compensation benefits and prices; the later papers address issues which are more specific in nature. The first four papers address:\ \ the determinants of the level of workers'...

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The first four papers in this volume address benefit system policy matters, and the last ten papers address the pricing, regulation, and potential insolvency of workers' compensation insurance. Within each general area, the papers are arranged in such a way that the first papers address broad issues of workers' compensation benefits and prices; the later papers address issues which are more specific in nature. The first four papers address: the determinants of the level of workers' compensation benefit level; the determinants of the shape and location of a loss distribution; and the factors that affect the propensity of temporary total disabilities to become permanent disabilities. The ten papers which concern workers' compensation insurance pricing address: explaining the flow of capital to the property-casualty insurers over the underwriting cycle; the determinants of self insurance; models for pricing insurance products; predicting insurer insolvencies; explaining differences in loss experience across firms in the same industry; the incentives of an experience rating program on small employers; the effectiveness of loss control activities on insurance prices, and the effect that third-party actions brought by injured workers against product manufacturers might have on workplace safety.

PrefaceList of Contributors1The Determination of Workers' Compensation Benefit Levels12Workers' Compensation Costs and Heterogeneous Claims253The Transition from Temporary Total to Permanent Partial Disability: A Longitudinal Analysis514The Transition from Temporary to Permanent Disability: Evidence from New York State675Capital Flows and Underwriting Cycles in Liability Insurance976Self Insurance in Workers' Compensation1297On the Use of Option Pricing Models for Insurance Rate Regulation1478Some Caveats for the Use of Forecasting Models for Assessing Rates of Return in Workers' Compensation1719Leverage, Interest Rates, and Workers' Compensation Survival18710Predicting Insurance Insolvency Using Generalized Qualitative Response Models22311Firm Characteristics and Workers' Compensation Claims Incidence24312The Impact of Experience-Rating on Employer Behavior: The Case of Washington State29313"Good Days" and "Bad Days": Risk Management Decisions When Effectiveness is Unreliable30714Economic Consequences of Third-Party Actions for Workplace Injuries329Index341