Workers' Compensation Insurance: Claim Costs, Prices, and Regulation (Huebner International Series on Risk, Insurance and Economic Security)

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.