Summary |
The first four chapters in this volume address benefit system policy matters, and the last ten chapters address the pricing, regulation, and potential insolvency of workers’ compensation insurance. Within each general area, the chapters are arranged such that the first chapters address broad issues of workers’ compensation benefits and prices; the later chapters address issues which are more specific in nature. The first four chapters 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 chapters which concern workers’ compensation insurance pricing address:
• Explaining the flow of capital of 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.
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