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Government & Policy

Assigned Risk: What It Is, How It Works

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.

What Is Assigned Risk?

Assigned risk is when an insurance company is required, by state insurance law, to provide coverage for risk that may not find coverage in the general insurance marketplace. In order to compensate insurers for the potential losses associated with such mandated coverage, insurers will often pool funds and share the assigned risk.

Common examples include mandating that all drivers obtain car insurance or requiring businesses to purchase workers' compensation insurance.

Key Takeaways

Assigned risk is when the law mandates that an insurance company offer certain coverages.
In such cases, regulators will require insurance companies to pool together and accept the assigned risk, even if the insurers individually don’t want to provide a commercial policy.
Assigned risk allows the state to protect drivers who are able to purchase commercial policies and who may be involved in an accident with a risky driver.

Understanding Assigned Risk

In most cases, insurance companies choose who they underwrite insurance policies for, and this choice to insure is based on the risk profile of the individual or business applying for coverage. These considerations include the likelihood that a claim that results in a loss for the insurance company. The insurer will thus price the cost of the policy it underwrites according to the potential severity of any losses. If a potential insured is deemed too risky, the insurer may not underwrite a new policy.

State insurance regulators recognize that insurers only want to underwrite policies that will be profitable, but also recognize that it is in the interest of the government that coverage is extended to groups that need protection but may not be able to obtain it in the general insurance market. To do this the regulator will require insurance companies that provide a particular line of insurance, such as workers’ compensation or automotive insurance, to participate in a state-sponsored plan that provides coverage.

Example: Motorist Coverage

For example, drivers are required to carry insurance with them in order to legally operate an automobile. This insurance is designed to cover claims made against the driver. In most cases, the driver’s record is in good shape, and insurers are likely to provide coverage.

Some drivers, however, have poor driving records and may not be able to obtain coverage because they present too much of a risk . Insurance regulators will require insurance companies to pool together and accept the assigned risk, even if the insurers don’t want to provide a commercial policy . This allows the state to protect drivers who are able to purchase commercial policies and who may be involved in an accident with a risky driver.

"In some cases, you can apply to an automobile insurance plan or assigned risk plan by directly contacting your state's Department of Insurance," according to the website DMV.org, a private, non-governmental website:

Some states require that you apply to several car insurance companies before you apply for the state's car insurance plan. If each provider has denied you car insurance coverage, you'll be accepted into the plan. Typically, your signature on the application is enough to acknowledge that you have fulfilled this requirement.

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Assigned risk is a method of providing certain types of insurance to those who otherwise would be denied coverage because they would be considered too high-risk. Individuals who have failed to gain coverage through the private market–also called voluntary market–can apply to receive insurance through their state’s assigned risk “pool.” The state will assign the person to an insurance company within the pool, who must accept and insure that person.

Companies who sell vehicle and workers’ compensation insurance are required to participate in assigned risk programs in the states that have them. However, while assigned risk programs allow people to gain necessary coverage for those activities, the rates gained through these programs are much higher than policies purchased through the private market. Further, most assigned risk plans offer only limited coverage, guaranteeing only the minimum required by law. If a person has no option but to purchase an assigned risk plan, they can try to remedy whatever made them undesirable to insurance companies and apply for a plan on the private market at a later date.

In the context of automobile insurance, a driver might need an assigned risk plan for multiple reasons. Common reasons drivers might be denied on the private market are numerous vehicular infractions or incidents, such as traffic tickets, speeding tickets, or recent accidents. Forty-one states have driver’s license point systems , and in some of these states insurance companies will reject drivers that accumulate too many points. Other reasons might be the inexperience of the driver, poor insurance record or credit, or if the person lives in a high-crime area.

New or very small companies might struggle to purchase a workers’ compensation plan on the private market. More established companies with a history of losses might also be deemed undesirable to insurance companies. Insurers are also reluctant to cover companies whose operations are particularly hazardous. Not every state requires workers’ compensation insurance, but for ones that do, assigned risk plans might be available for such companies.

[Last updated in June of 2021 by the Wex Definitions Team ]

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Law, Transactions, & Risk Management
Insurance & Risk Management

Assigned Risk - Explained

What is assigned risk.

Written by Jason Gordon

Updated at April 19th, 2024

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An assigned risk refers to a poor risk, that is, a risk that is difficult to insure but an insurance company is required to provide coverage for in accordance with the state law. For instance, if a person such as an accident-prone driver is denied coverage because of their previous records but are required to be covered under the states' assigned risk plan, this is an example of Assigned Risk. Usually, assigned risks do not have coverage in the general marketplace but are assigned to be covered by insurers according to the state law.

How Does Assigned Risk Work?

The common definition of an assigned risk is a risk that insurance companies would not cover under normal circumstances but are forced to provide coverage for as stated by the law. Generally, when providing coverage for a party, the risk profile is evaluated in order to determine the cost of the policy. Given that assigned risks have greater risks, they are more expensive than other policies. In certain cases, an assigned risk is covered by insurance companies who charge more money given the degree of the underlying risk. In other cases, insurance companies merge to provide coverage for assigned risks.

Insurance regulators in different states realized that insurance companies are after clients or policyholders that will guarantee profit for the company. This is not the case with assigned risks because they entail greater risks and reduce the chances of profits. Given that insurance companies avoid providing coverage when an insured is deemed too risky, the state regulators require that companies must provide coverage for assigned risks. Assigned risks refer to a group of people who are not naturally catered for by insurance companies because of their high-risk tendencies, an accident-prone motorist or driver is a good example. State insurance regulators as part of ways to extend coverage to groups that would otherwise be rejected created the concept of assigned risk.

Assigned Risk: Unraveling the Web of State Regulations

1. what it is and how it works, 2. the role of state governments in assigned risk regulations, 3. the pros and cons of assigned risk for insurance companies, 4. how assigned risk affects policyholders and insureds, 5. state-by-state assigned risk requirements and regulations, 6. the impact of assigned risk on small businesses and self-employed workers, 7. tips for policyholders and insureds, 8. the future of assigned risk and its place in the insurance industry, 9. balancing state regulation and market competition in assigned risk.

When it comes to understanding the workings of assigned risk, it is essential to know that this is a system put in place to ensure that drivers who are unable to obtain insurance coverage in the voluntary market can still access coverage. Typically, these are high-risk drivers who have a history of accidents, traffic violations, or other factors that make them a liability to insurance companies. In such cases, insurance providers may refuse to provide coverage, leaving drivers with no other option but to turn to the state's assigned risk plan. In this section, we will delve deeper into what assigned risk is and how it works.

1. What is Assigned Risk?

Assigned risk is a system that is put in place to ensure that drivers who are unable to obtain insurance coverage in the voluntary market can still access coverage. This system is typically administered by the state and is designed to provide high-risk drivers with the required insurance coverage. In most cases, assigned risk plans are mandatory, and drivers are required to obtain coverage through the plan.

2. How Does Assigned Risk Work?

Assigned risk plans work by distributing high-risk drivers among insurance companies that participate in the program. These insurance companies are required to provide coverage to these drivers at a rate that is determined by the state. The rates charged to drivers in the assigned risk plan are typically higher than those charged in the voluntary market, reflecting the increased risk that these drivers pose.

3. Who Qualifies for Assigned Risk?

Drivers who are unable to obtain insurance coverage in the voluntary market due to a history of accidents, traffic violations, or other factors that make them a liability to insurance companies may qualify for assigned risk. These drivers are typically classified as high-risk and are required to obtain coverage through the assigned risk plan.

4. Is Assigned Risk the Best Option?

While assigned risk is designed to ensure that high-risk drivers can access coverage, it may not always be the best option. The rates charged to drivers in the assigned risk plan are typically higher than those charged in the voluntary market, which can be a significant financial burden. Additionally, the coverage offered through assigned risk plans may be limited, and drivers may not have access to the same level of protection as they would in the voluntary market.

5. What Are the Alternatives to Assigned Risk?

There are several alternatives to assigned risk that high-risk drivers can explore. These include seeking coverage through non-standard insurance companies, which specialize in providing coverage to high-risk drivers. Another option is to work with an independent insurance agent who can help drivers find coverage that meets their needs. In some cases, drivers may be able to improve their driving record and qualify for coverage in the voluntary market.

Assigned risk is a system put in place to ensure that high-risk drivers can access insurance coverage. While this system can be beneficial, it may not always be the best option. Drivers who are unable to obtain coverage in the voluntary market should explore all available options to find the coverage that best meets their needs.

What It Is and How It Works - Assigned Risk: Unraveling the Web of State Regulations

State governments play a crucial role in regulating assigned risk policies . These policies provide insurance coverage for individuals or businesses that are deemed too risky to be insured through traditional means. The state government's role is to ensure that these policies are regulated and enforced so that insurance companies can operate within a fair and competitive market. In this section, we will explore the various roles that state governments play in assigned risk regulations.

1. Setting Standards and Requirements

State governments set the standards and requirements for assigned risk policies. They determine the minimum coverage levels, the eligibility criteria, and the rates that insurers can charge for these policies. In addition, they may require insurers to submit regular reports on their assigned risk policies and to maintain certain financial reserves to cover potential losses.

2. Licensing and Oversight

State governments also license and oversee the insurers that offer assigned risk policies. They ensure that these insurers meet certain financial and operational standards, and they investigate complaints and enforce penalties when necessary. Licensing and oversight help to ensure that insurers are operating fairly and transparently, and that they are providing adequate coverage to policyholders.

3. Risk Pooling and Administration

State governments may also establish and administer assigned risk pools. These pools are designed to spread the risk of insuring high-risk individuals or businesses across a larger group of insurers. By pooling the risk, insurers can offer coverage to these individuals or businesses at a more affordable rate. State governments may also provide administrative support for these pools, such as handling claims and disputes.

4. Consumer Protection

State governments play a critical role in protecting consumers who purchase assigned risk policies. They may require insurers to provide clear and concise policy documents, to disclose all fees and charges upfront, and to provide timely and accurate claims processing. State governments may also establish consumer complaint processes and provide resources for consumers who have questions or concerns about their policies.

5. Coordination with Federal Government

State governments must also coordinate with the federal government on assigned risk regulations. The Federal Insurance Office (FIO) oversees the insurance industry at the federal level and works with state regulators to ensure that insurance policies are available and affordable for all consumers. State governments must ensure that their assigned risk regulations are consistent with federal law and regulations.

State governments play a critical role in regulating assigned risk policies. They set standards and requirements, license and oversee insurers, establish risk pools, provide consumer protection, and coordinate with the federal government. By working together, state and federal regulators can ensure that assigned risk policies are fair, affordable, and accessible to all consumers.

The Role of State Governments in Assigned Risk Regulations - Assigned Risk: Unraveling the Web of State Regulations

assigned Risk for insurance Companies

Assigned risk is a program that ensures that individuals who are deemed high-risk drivers have access to auto insurance. This program is designed to make sure that these individuals are not left without insurance coverage, which would put them and other drivers on the road at risk. However, assigned risk also has its pros and cons for insurance companies. In this section, we will discuss the advantages and disadvantages of assigned risk for insurance companies .

Pros of Assigned Risk for Insurance Companies

1. Guaranteed business: Assigned risk guarantees insurance companies business , which means that they will always have a certain number of policies to write. This can be helpful for insurance companies that are struggling to attract new customers.

2. Increased revenue: Assigned risk provides insurance companies with an opportunity to increase their revenue. Since high-risk drivers are typically charged higher premiums, insurance companies can make more money by insuring these individuals.

3. Reduced risk: Assigned risk can help insurance companies reduce their risk . By spreading the risk of insuring high-risk drivers across multiple companies, the overall risk is reduced. This can be beneficial for insurance companies that are concerned about taking on too much risk.

Cons of Assigned Risk for Insurance Companies

1. Higher costs: Assigned risk can be expensive for insurance companies. Since high-risk drivers are more likely to get into accidents, insurance companies may have to pay out more claims, which can increase their costs.

2. Limited control: Insurance companies have limited control over the assigned risk program. The state determines which drivers are eligible for the program and how much they will pay for insurance. This can be frustrating for insurance companies that want more control over their business.

3. Reputation risk: Insuring high-risk drivers can damage an insurance company's reputation. If the company is associated with high-risk drivers, it may be seen as a "bad" insurance company. This can be damaging to the company's brand and may make it harder to attract new customers.

Comparing Options

Insurance companies have several options when it comes to insuring high-risk drivers. One option is to participate in the assigned risk program. Another option is to decline to insure high-risk drivers altogether. A third option is to create their own high-risk insurance program.

Of these options, the best one for insurance companies will depend on their individual circumstances. However, in general, participating in the assigned risk program is likely the best option. While it does come with some disadvantages, the guaranteed business and increased revenue that assigned risk provides is likely worth the cost. Additionally, insurance companies that decline to insure high-risk drivers may be seen as discriminatory, which could damage their reputation. Finally, creating a high-risk insurance program is likely too expensive for most insurance companies.

Assigned risk has its pros and cons for insurance companies. While it can be expensive and limit a company's control, it also provides guaranteed business and increased revenue. Ultimately, the best option for insurance companies will depend on their individual circumstances, but participating in the assigned risk program is likely the best choice for most companies.

The Pros and Cons of Assigned Risk for Insurance Companies - Assigned Risk: Unraveling the Web of State Regulations

Assigned risk is a state-regulated program designed to provide auto insurance coverage to high-risk drivers who cannot obtain coverage through the voluntary market. While it is intended to help those who may otherwise be unable to drive legally, assigned risk can have a significant impact on policyholders and insureds. In this section, we will explore how assigned risk affects policyholders and insureds, examining the pros and cons of the program from different points of view.

1. Pros of Assigned Risk for Policyholders and Insureds

For policyholders and insureds, assigned risk can be a welcome lifeline when all other options have failed. Without assigned risk, high-risk drivers would be unable to obtain coverage and would be forced to drive illegally or not at all. Assigned risk also provides a level of protection for these drivers, ensuring that they have coverage in the event of an accident.

2. Cons of Assigned Risk for Policyholders and Insureds

However, there are also downsides to assigned risk. Policyholders and insureds in the program are typically charged higher premiums than they would be in the voluntary market, which can be a significant financial burden. Additionally, assigned risk policies often come with more restrictions and limitations than voluntary market policies, which can make it difficult for policyholders and insureds to find the coverage they need.

3. How Assigned Risk affects Insurance companies

Assigned risk can also have an impact on insurance companies. Insurers that participate in the program are required to take on high-risk drivers, which can be a financial risk. Additionally, insurers may be required to provide coverage at rates that are lower than what they would typically charge, which can impact their bottom line .

4. Alternatives to Assigned Risk

There are alternatives to assigned risk that may be more beneficial for policyholders, insureds, and insurers alike. One such alternative is the use of high-risk auto insurance pools, which are similar to assigned risk but operate differently. In a high-risk pool, insurers voluntarily participate and share the financial risk of providing coverage to high-risk drivers. This can result in lower premiums for policyholders and insureds, while also providing insurers with more control over the program.

5. The Best Option

Ultimately, the best option for policyholders, insureds, and insurers will depend on a variety of factors. While assigned risk can be a valuable program for those who need it, it may not be the best option in all cases. High-risk insurance pools may provide a more effective solution for all parties involved, but it is important to carefully consider the pros and cons of each program before making a decision.

Assigned risk can have a significant impact on policyholders, insureds, and insurers. While it provides coverage for high-risk drivers who may otherwise be unable to obtain it, it can also come with higher premiums and more restrictions. exploring alternative options such as high-risk insurance pools may be a more effective solution for all parties involved.

How Assigned Risk Affects Policyholders and Insureds - Assigned Risk: Unraveling the Web of State Regulations

When it comes to assigned risk, each state has its own set of requirements and regulations that insurance providers must follow. These rules can vary greatly, making it difficult for businesses to navigate the system. In this section, we will take a closer look at state-by-state assigned risk requirements and regulations and provide insights from different points of view.

1. Minimum Coverage Requirements

One of the most significant variations between states is the minimum coverage requirements for assigned risk policies. Each state sets its own minimums for liability coverage, property damage, and other essential components of insurance policies. For example, in California, the minimum liability coverage for auto insurance is $15,000 per person and $30,000 per accident, while in Florida, it is $10,000 per person and $20,000 per accident. Knowing the minimum requirements in your state is crucial to ensure that you have adequate coverage.

2. Eligibility Criteria

States also have different eligibility criteria for assigned risk policies. Some states allow any business to apply for assigned risk coverage, while others require businesses to meet specific criteria. For example, in New York, businesses must have been rejected by at least two insurance providers before they can apply for assigned risk coverage. In contrast, in Pennsylvania, businesses must have been in operation for at least three years and have at least three employees.

3. Rates and Premiums

The rates and premiums for assigned risk policies also vary significantly from state to state. Insurance providers must follow state-mandated rates for assigned risk policies, which can be higher than standard insurance rates. In some states, assigned risk policies may also have additional fees or surcharges. For example, in Massachusetts, assigned risk policies have a 15% surcharge on top of the standard rates.

4. state-Specific regulations

In addition to the above requirements, each state may have its own unique regulations for assigned risk policies. For example, in Michigan, businesses must submit a financial statement along with their application for assigned risk coverage. In New Jersey, insurance providers must offer assigned risk coverage to all eligible businesses, and they cannot refuse coverage based on the business's size or industry.

5. Best Options for Businesses

Given the variations between states, it can be challenging for businesses to navigate assigned risk policies. However, there are several options available to help businesses find the best coverage for their needs. One option is to consult with an insurance broker who has experience with assigned risk policies. Brokers can help businesses navigate the system and find the best coverage at the most affordable rates.

Another option is to work with an insurance provider that specializes in assigned risk policies. These providers have a deep understanding of state regulations and can help businesses navigate the system more effectively. Finally, businesses can also consult with their state's insurance department to learn more about the assigned risk policies in their state and to find resources to help them navigate the system.

State-by-state assigned risk requirements and regulations can vary significantly, making it challenging for businesses to navigate the system. However, by understanding the minimum coverage requirements, eligibility criteria, rates and premiums, state-specific regulations, and best options for businesses, companies can find the best coverage for their needs and comply with state regulations.

State by State Assigned Risk Requirements and Regulations - Assigned Risk: Unraveling the Web of State Regulations

Small businesses and self-employed workers are the backbone of the economy. However, they face significant challenges when it comes to obtaining insurance coverage. Assigned risk is one of the most significant factors that affect small businesses and self-employed workers. Assigned risk is a system that provides insurance coverage to high-risk businesses or individuals that cannot obtain coverage through traditional channels. In this section, we will discuss the impact of assigned risk on small businesses and self-employed workers.

1. Assigned Risk Increases the Cost of Insurance

One of the most significant impacts of assigned risk on small businesses and self-employed workers is the increased cost of insurance. Assigned risk is designed to provide coverage to high-risk businesses or individuals, which means that the premiums are higher than those for traditional insurance coverage. This increased cost can be a significant burden for small businesses and self-employed workers, who often have limited resources.

2. Assigned Risk Limits the Coverage Options

Another impact of assigned risk on small businesses and self-employed workers is the limited coverage options. Assigned risk policies are often limited in coverage and may not provide the same level of protection as traditional insurance policies. This limited coverage can leave small businesses and self-employed workers at risk for financial losses in the event of a claim.

3. Assigned Risk Can affect Business operations

Assigned risk can also affect small businesses and self-employed workers' operations. The higher cost of insurance can limit the resources available for other business operations, such as hiring employees or investing in new equipment. This limitation can hinder growth and development, ultimately impacting the success of the business.

4. Options to Mitigate the Impact of Assigned Risk

Small businesses and self-employed workers have several options to mitigate the impact of assigned risk. One option is to work with an insurance broker who specializes in high-risk coverage . A broker can help small businesses and self-employed workers find coverage options that are tailored to their specific needs and risk factors. Another option is to implement risk management strategies that can reduce the likelihood of claims.

5. The Best option for Small businesses and Self-Employed Workers

The best option for small businesses and self-employed workers is to work with an insurance broker who specializes in high-risk coverage. A broker can help small businesses and self-employed workers find coverage options that are tailored to their specific needs and risk factors. They can also provide guidance on risk management strategies that can reduce the likelihood of claims and ultimately lower insurance costs.

Assigned risk can have a significant impact on small businesses and self-employed workers. The increased cost of insurance, limited coverage options, and potential impact on business operations can be a significant burden. However, there are options available to mitigate the impact of assigned risk, and working with an insurance broker who specializes in high-risk coverage is the best option for small businesses and self-employed workers.

The Impact of Assigned Risk on Small Businesses and Self Employed Workers - Assigned Risk: Unraveling the Web of State Regulations

Dealing with assigned risk is a complex process that can be confusing and frustrating for policyholders and insureds. However, understanding the basics of the assigned risk process can help make the experience less daunting and more manageable. In this section, well be discussing some tips for policyholders and insureds to navigate the assigned risk process.

1. Understand the Assigned Risk Pool

The assigned risk pool is a system designed to provide insurance coverage to those who are unable to obtain coverage through the standard market. This pool is administered by the state and is made up of insurance companies who are required to participate in the pool. Policyholders and insureds who are unable to obtain coverage through the standard market are assigned to an insurance company within the pool.

2. Know Your States Assigned Risk Requirements

Each state has its own assigned risk requirements, which can vary widely. Its important to understand your states requirements and how they apply to your situation. For example, some states may require that you have been turned down for coverage by a certain number of insurance companies before you can be assigned to the pool.

3. Work with an Experienced Insurance Agent

An experienced insurance agent can be an invaluable resource when navigating the assigned risk process. They can help you understand the requirements in your state, guide you through the process of applying for coverage, and help you find the best policy for your needs.

4. Consider All Options

While the assigned risk pool may be your only option for obtaining coverage, its important to consider all options before making a decision. This may include exploring other insurance companies or alternative coverage options, such as high-risk insurance policies or specialty insurance programs.

5. Be Prepared for Higher Premiums

Assigned risk policies are typically more expensive than standard market policies. This is because the insurance companies in the assigned risk pool are taking on a higher level of risk by providing coverage to those who are unable to obtain coverage through the standard market. Its important to be prepared for higher premiums and budget accordingly.

Navigating the assigned risk process can be challenging, but with the right knowledge and resources, its possible to find the coverage you need. By understanding the assigned risk pool, knowing your states requirements, working with an experienced insurance agent, considering all options, and being prepared for higher premiums, you can navigate the process with confidence.

Tips for Policyholders and Insureds - Assigned Risk: Unraveling the Web of State Regulations

The insurance industry is constantly evolving, and one area that has been undergoing significant changes is assigned risk. Assigned risk is a system where high-risk drivers who are unable to obtain insurance in the voluntary market are assigned to an insurance company by the state. This system has been in place for decades, but with the rise of technology and changes in consumer behavior, it is worth examining the future of assigned risk and its place in the insurance industry.

1. The Rise of Data and Analytics

One major trend in the insurance industry is the increasing use of data and analytics to assess risk. With the availability of more data than ever before, insurers can use sophisticated algorithms to determine the likelihood of a driver being involved in an accident. This has the potential to make assigned risk more efficient by ensuring that high-risk drivers are accurately identified and assigned to appropriate insurers. However, there are concerns about the potential for data misuse or discrimination, which must be carefully addressed.

2. The Impact of Self-Driving Cars

Self-driving cars are becoming more common, and while they are not yet widely available, they have the potential to significantly reduce the number of accidents on the road. This could have a major impact on assigned risk, as the number of high-risk drivers may decrease. However, it is likely that self-driving cars will be more expensive to insure initially, and there may be a need for a new type of assigned risk system to address this.

3. The Role of Insurtech

Insurtech companies are disrupting the traditional insurance industry with innovative approaches to underwriting and risk assessment . Some insurtech companies are even developing new types of insurance products specifically for high-risk drivers. This could potentially make assigned risk obsolete, as there may be more options for high-risk drivers to obtain coverage in the voluntary market. However, it remains to be seen whether these new products will be successful and whether they will be available in all states.

4. The Importance of State Regulations

Assigned risk is a state-regulated system, and any changes to the system will require state-level action. This can make it difficult to implement changes quickly or uniformly across the country. Additionally, state regulations can vary widely, which can lead to inconsistencies in how assigned risk is handled. However, state regulations also provide important protections for consumers and ensure that insurers are held accountable.

Overall, it seems likely that assigned risk will continue to play a role in the insurance industry for the foreseeable future. However, the system may need to evolve to keep up with changes in technology and consumer behavior. Insurers and regulators will need to work together to ensure that assigned risk remains an effective way to provide coverage for high-risk drivers while also protecting consumers and promoting fair practices.

The Future of Assigned Risk and its Place in the Insurance Industry - Assigned Risk: Unraveling the Web of State Regulations

Balancing State Regulation and Market Competition in Assigned Risk

The assigned risk system was designed to provide insurance coverage for individuals or businesses that are considered high-risk and are thus unable to obtain coverage in the standard insurance market. However, this system has its challenges, specifically in balancing state regulation and market competition. In this section, we will explore the different perspectives on this issue and examine possible solutions.

1. The Role of State Regulation

State regulation is crucial in the assigned risk system to ensure that all individuals or businesses have access to insurance coverage regardless of their risk level. However, excessive regulation can stifle market competition, leading to higher premiums and reduced choices for consumers. Some argue that state regulators should focus on setting minimum standards for insurers to ensure that assigned risk policies are affordable and provide adequate coverage.

2. The importance of Market competition

Market competition is vital in the assigned risk system to drive down premiums and increase choices for consumers. However, too much competition can lead to insurers cherry-picking the most profitable policies, leaving high-risk individuals or businesses with limited options. Some argue that market competition should be encouraged through competitive bidding and allowing insurers to set their own premiums within certain limits.

3. Possible Solutions

There are several possible solutions to balance state regulation and market competition in the assigned risk system:

A. Standardized policies: State regulators could develop standardized policies that all insurers must offer, ensuring that all individuals or businesses have access to the same coverage options.

B. Competitive bidding: State regulators could implement a competitive bidding process, where insurers bid to provide coverage for high-risk policies. This would encourage market competition while ensuring that all policies receive coverage.

C. Risk-sharing pools: State regulators could establish risk-sharing pools, where insurers would pool their resources to provide coverage for high-risk policies. This would encourage market competition while ensuring that high-risk policies receive coverage.

4. Comparing Options

Of the possible solutions, standardized policies may be the best option as it ensures that all individuals or businesses have access to the same coverage options. However, this may stifle market competition, leading to higher premiums. Risk-sharing pools may also be a viable option, as it encourages market competition while ensuring that high-risk policies receive coverage. However, this option may be costly for insurers, leading to higher premiums. Competitive bidding may also be a good option, as it encourages market competition while ensuring that all policies receive coverage. However, this option may be complicated to implement.

Balancing state regulation and market competition in the assigned risk system is crucial to ensure that all individuals or businesses have access to insurance coverage regardless of their risk level. Standardized policies, risk-sharing pools, and competitive bidding are possible solutions to this issue, each with its pros and cons. It is essential to examine each option carefully and choose the best one that balances state regulation and market competition effectively.

Balancing State Regulation and Market Competition in Assigned Risk - Assigned Risk: Unraveling the Web of State Regulations

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Assigned Risk

What does assigned risk mean.

An assigned risk is a risk that a state government assigns to a group of insurance companies. These are typically risks that the insurance providers would not take on voluntarily.

Insuranceopedia Explains Assigned Risk

To better understand assigned risks, imagine a group of drivers with horrible driving records. Most insurers would refuse them auto insurance coverage due to the high risks and the likelihood of them filing claims. If the state, however, deems it necessary for these drivers to have insurance, it may force auto insurers to take on insuring this risk. Since it is imposed by state law, this would be an assigned risk.

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Denied Car Insurance? Hope Floats in the Assigned-Risk Pool

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

If your driving history is full of transgressions, finding a company that'll sell you a car insurance policy can be difficult.

A couple infractions could cause higher rates, but rack up too many serious convictions or tickets and insurers may prefer not to get involved with you at all. This creates big problems if you own a car and lack the insurance required in your state.

If your application for auto insurance is denied, entering the state assigned-risk pool may be the only way to get the coverage you need to drive legally.

Here’s a look at what car insurance assigned-risk pools are and how to know when it’s time to jump in.

See what you could save on car insurance

What is an assigned-risk car insurance pool.

Drivers who are deemed too risky may be unable to buy car insurance on the private market. But they still need coverage by law if they own vehicles, so states assign them to insurance companies that operate in the state. This grouping is known as the “assigned-risk pool,” “residual market” or “shared market.” Sometimes it’s called the joint underwriting association.

What problems put drivers in the assigned-risk pool?

Each state has its own eligibility rules for the assigned-risk pool.

Typically, if you've tried to buy auto insurance in the past 60 days and were turned down, you can apply to your state’s assigned-risk pool. Some states may require that you be turned down more than once.

Reasons you may be denied car insurance include:

Major driving convictions (DUI or DWI, hit-and-run)

Multiple accidents, tickets or claims on your driving record

Having little or no driving experience

Insurance prices and coverage options for assigned-risk drivers

Expect your auto insurance premiums to be substantially higher in the assigned-risk pool. Your policy options also may be limited to the state minimum liability requirements. Some states may allow you to earn a discount on your assigned-risk pool insurance plan after a certain amount of time with no accidents or driving convictions.

How to find your state’s assigned-risk pool

Generally, any car insurance agent in your state can help you with an assigned-risk policy. You may be asked to prove, declare or certify that you have no other options for buying insurance, depending on the state.

» MORE: What does car insurance cover?

How to get out of the assigned-risk pool

States require insurers to renew assigned-risk pool policies for a set amount of time, generally three years. Assuming you pay your premiums and your driving record stays clean during your pool time, you'll likely qualify for a regular policy by then. If you don't, you can reapply to the assigned-risk pool.

You may be able to climb out of the pool faster if:

You find an insurance company that is willing to sell you a standard policy

Your assigned-risk pool insurer offers you a traditional policy

» MORE: Best car insurance companies for high-risk drivers

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Business Insurance

Workers Compensation Assigned Risk Plans

Assigned Risk Plans Are the Market of Last Resort

What Is an Assigned Risk Plan?

Why Workers Comp May Be Hard to Get
Who Administers the Plan?

How Can You Get Coverage?

Pros and cons of assigned risk plans.

Suppose you try to purchase a workers compensation policy in the standard market but no insurer will sell you a policy. This will create a dilemma since most states require employers to purchase workers compensation insurance. Fortunately, you'll have an alternative: You can secure coverage from your state's assigned risk plan .

Assigned risk plans are established by the states as a safety net for employers that are unable to obtain workers compensation coverage from "regular" insurers. They are the market of last resort for employers that would otherwise have no source of coverage. All states except monopolistic states have established a plan. The law in each state determines how the plan is administered and financed. Assigned risk plans are also called the residual market.

The monopolistic states don't need assigned risk plans because all employers in those states are required to secure workers comp insurance from a government-operated fund.

States have created assigned risk plans so that all employers can obtain workers compensation insurance. The ultimate goal is to ensure that employees who are injured on the job will receive the benefits entitled to them by law.

Why Might Workers Comp Coverage be Hard to Obtain?

Here are some reasons why an employer may have difficulty obtaining workers compensation insurance from a standard insurer:

Poor loss history : If a business has sustained many small losses or a few large ones, underwriters may assume its management doesn't care about safety.
New business : A new company is difficult for an underwriter to assess because it has no track record.
Very small business : A very small company may not generate enough premium to compensate for the risk of claims.
Hazardous occupation : Many insurers are unwilling to provide workers compensation coverage to employers in risky occupations like logging, trucking, and roofing.

Who Administers the Assigned Risk Plan?

All states have designated an administrator that operates the plan and oversees the issuance of policies. In most states, the administrator is one of the following:

The National Council on Compensation Insurance (NCCI)
The state competitive insurance fund
The state rating organization or another third party

The NCCI administers plans on behalf of 22 jurisdictions. Each of these states requires all workers compensation insurers that operate within its borders to participate in the assigned risk plan. Insurers may either join a multi-state reinsurance pool or serve as a "direct assignment" carrier. When an insurer participates in a pooling arrangement, it may act as a servicing carrier (issuing policies and paying claims) or provide reinsurance to servicing carriers. If an insurer chooses the direct assignment option, it must agree to accept and retain all risks assigned by the NCCI. The direct assignment insurer pays all losses incurred by the assigned employers and is not reimbursed by reinsurance.

In 14 states, the assigned risk plan is administered by the state competitive fund. Examples are California, New York, and Montana. Most of the remaining states have designated their rating organization or an insurer as their plan administrator.

If you or your insurance agent is unable to secure workers compensation coverage for your business in the standard market, you or your agent may submit an application to your state's assigned risk plan administrator. The application procedure varies by state. If the plan in your state is administered by the NCCI, you can apply online 24 hours a day or mail your application to the NCCI via the U.S. Postal Service.

If the plan in your state is administered by a state fund or rating organization, check the administrator's website for application instructions.

To obtain coverage in the residual market, you must have applied for coverage and been rejected by one or more insurers. The number of required rejections varies by state. For instance, employers in West Virginia can apply for coverage in the assigned risk plan only if they provide evidence of rejection by two insurers.

The primary advantage of an assigned risk plan is that it provides coverage to employers that can't obtain insurance in the standard market. One major disadvantage is cost. Employers insured in the residual market generally pay higher rates than those insured in the voluntary market. Those whose experience modifier is greater than 1.0 may also be subject to a surcharge. In addition, some states have eliminated the premium discount on assigned risk policies. An example is Massachusetts. A premium discount is a credit applied when the premium exceeds a certain threshold.

Another drawback of assigned risk plans is that employers can't choose their insurer. Their policy is issued and managed by the plan administrator or servicing carrier. A third disadvantage is limited coverage. Policies issued in the residual market may not be as broad as those purchased from standard insurers. For instance, many policies afford no coverage for operations the employer undertakes in states other than the one where the policy was issued.

Key Takeaways

Assigned risk plans serve employers that can't find workers comp coverage in the standard market.
Most plans are administered by the NCCI, a state insurance fund, or a state rating agency.
Policies purchased from an assigned risk plan are generally more expensive and provide less coverage than policies obtained in the standard market.

IRMI. " Assigned Risk Plans ." Accessed July 30, 2020.

IRMI. " Workers Compensation Residual Market ." Accessed July 29, 2020.

NCCI. " Insuring the Uninsurable. Workers Compensation Residual Market ." Accessed July 29, 2020.

NCCI. " Options for Submitting Assigned Risk Applications Online ." Accessed July 29, 2020.

State of West Virginia, Offices of the Insurance Commissioner. " Workers’ Compensation Assigned Risk Plan ," Page 2. Accessed July 29, 2020.

NCCI. " Assigned Risk Adjustment Program ." Accessed July 30, 2020.

The Workers Compensation Rating and Inspection Bureau of Massachusetts. " Premium Discount ." Accessed July 31, 2020.

NCCI. " Producers' Guide to Understanding NCCI's Residual Market Limited Other States Insurance Endorsement ." Accessed July 30, 2020.

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assigned risk

Definition of assigned risk

Examples of assigned risk in a sentence.

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'assigned risk.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

1940, in the meaning defined above

Dictionary Entries Near assigned risk

assignation

Cite this Entry

“Assigned risk.” Merriam-Webster.com Dictionary , Merriam-Webster, https://www.merriam-webster.com/dictionary/assigned%20risk. Accessed 14 May. 2024.

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What’s Assigned Risk Auto Insurance?

Assigned risk auto insurance is state-sponsored coverage for high-risk drivers who can’t secure insurance coverage elsewhere. it usually comes with more expensive premiums..

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We do receive compensation when a sale or referral occurs from many of the insurance providers and marketing partners on our site. That may impact which products we display and where they appear on our site. But it does not influence our meticulously researched editorial content, what we write about, or any reviews or recommendations we may make. We do not guarantee favorable reviews or any coverage at all in exchange for compensation.

What is assigned risk?
How it works
Who qualifies?
Standard insurance
Leaving assigned risk

Table of contents Compare quotes

Assigned risk auto insurance is an option for drivers who have trouble securing a standard car insurance policy, often due to a poor driving record, a low credit score, or because they live in an area at high risk of theft or vandalism. [1]

States establish assigned risk auto insurance programs and require private insurers to participate. Drivers get coverage by applying to their state’s risk pool, and the state assigns them an insurer. While insurers can’t deny eligible drivers coverage through this program, assigned risk car insurance policies aren’t cheap . [2]

Here’s what you need to know about assigned risk insurance, and why it’s important to compare rates from multiple companies before applying for assigned risk coverage.

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What is an assigned risk auto insurance pool?

An assigned risk auto insurance pool is a state-supervised insurance market for high-risk drivers who can’t secure private-market car insurance. These are also called shared insurance markets, as they spread the risk of these higher-risk drivers among various insurance companies in the state.

Drivers can apply for their state’s assigned risk pool, and the state will assign them to an insurance company that must provide them coverage.

Pros and cons of assigned risk car insurance

Guaranteed coverage: Assigned risk insurance guarantees all drivers can get state-minimum coverage — regardless of their driving record, credit score, driving history, or other factors.

Helps drivers comply with law: Most state laws require car insurance, and drivers who don’t have coverage can face fines or criminal charges.

Provides legal protection: Beyond ensuring drivers comply with the law, liability coverage also helps protect you if another driver sues you for damages or injuries.

More expensive rates: Because assigned risk insurance is for higher-risk drivers, premiums are more expensive on these policies than on traditional car insurance. [1]

No choice in insurer: The state assigns drivers participating insurers within the pool, so drivers can’t comparison shop for insurance .

Limited coverage: Assigned risk pools typically only offer the minimum coverage the state requires. Drivers may not have access to additional coverages for more protection.

How assigned risk car insurance works

To get assigned risk car insurance, find your state’s assigned risk insurance pool. For example, in Ohio, it’s the Ohio Automobile Insurance Plan (OAIP). High-risk drivers in New York can use the New York Automobile Insurance Plan (NYAIP) for coverage.

You’ll then apply for your state’s pool using an official application. You can often do this online or by contacting a certified insurance broker or agent within your state.

Once the state approves you for the assigned risk pool, it’ll match you with an insurance company. The insurer assesses your driving record, credit score, location, vehicle, and other factors to determine your policy’s rate. Your coverage amounts and any driving convictions will affect your costs. For example, Texas assigned risk plans require a 60% additional charge if you have a driving under the influence (DUI) conviction. [3]

Who qualifies for assigned risk auto insurance?

Assigned risk car insurance eligibility requirements vary by state. In some states, you may need to certify that you’ve applied for and been denied private market car insurance in a certain period. In others, you just may need to be a resident of the state, have your car registered there, and hold a valid state driver’s license.

You also must be up to date on your recent car insurance premiums. For example, in North Dakota, you’re ineligible if you have any late premiums in the past year.

How to Get Car Insurance With a Suspended License

Factors that make a driver “high risk”.

Assigned risk insurance is for high-risk drivers, though this doesn’t mean only drivers with incidents on their driving records. Insurance companies may deny you traditional coverage for many reasons, including: [1]

Having no or a bad driving record: Inexperienced drivers, particularly teenagers , may find it difficult to get traditional car insurance coverage, as they’re at a higher risk of potential accidents. Plus, having speeding tickets , at-fault accidents, moving violations, DUI convictions, and more on your record can make you a high-risk driver for insurers.

Lapses in coverage and payment: If you’ve regularly let your insurance coverage lapse or forgotten to pay your premiums, this also makes you a higher risk to insure.

Bad credit scores: Depending on your state, insurance companies may be able to use your credit score to indicate your risk as a policyholder. Insurance companies believe drivers with poor credit are more likely to file a claim. [4]

Living in a risky location: Some areas have higher chances of theft, vandalism, or accidents. If you live in a high-risk area, you may have trouble securing traditional coverage.

Driving a unique or special car: Driving a custom, high-performance, unique, or classic vehicle could put you at higher risk for theft — and make you a higher risk for insurers.

Compare Top Auto Insurance Companies

State-minimum policies start at $20 per month

Assigned risk vs. standard auto insurance

While assigned risk insurance plans ensure drivers can secure the minimum required coverage for their state, they’re not the same as standard car insurance policies. Here’s how these policies differ.

How to leave the assigned risk pool

Leaving the high-risk pool depends on why you’re a high-risk driver in the first place. If you have a traffic violation or accident on your record , you may need to wait until the incident falls off your record to qualify for a traditional car insurance policy.

You can work on leaving the assigned risk pool by:

Cleaning up your driving record: In some states, you can take defensive driving courses to dismiss violations or citations. This could help you more easily secure insurance coverage.

Improving your credit score: A better credit score may make it easier to get coverage, too. Paying your bills and debts on time, disputing errors on your credit report, and reducing your debts can help boost your score.

Driving a safer car: If you’re buying a car, consider one with high safety ratings, low theft rates, and anti-theft features. The less likely you are to file a claim, the lower your risk to insurers.

You can also simply wait it out. As you establish a record of driving safely and pay your insurance premiums on time, you become a lower risk to insurers. Some state plans require insurers to provide coverage for an extended period while you work to improve your insurance and driving records. In New York, insurers must cover you for at least three years before they can choose not to renew your policy.

Car Insurance for High-Risk Drivers in New York (2024)

Assigned risk auto insurance faqs.

Assigned risk auto insurance can be confusing, but it’s necessary for high-risk drivers who can’t buy coverage elsewhere. If you need more information regarding assigned risk insurance, see the answers to frequently asked questions below.

What is an assigned risk car insurance plan?

An assigned risk car insurance plan is a state-supervised insurance plan. Statewide insurers must participate in the plan and provide coverage to any eligible driver the state assigns to them. These plans typically come with much higher rates than traditional car insurance policies

What does “high risk” mean in auto insurance?

“High risk” means a driver is more likely to file a claim. High-risk drivers are usually drivers with poor driving records, low credit scores, little driving experience, or a history of not paying previous car insurance premiums.

Who writes assigned risk car insurance policies?

Private insurance companies write assigned risk car insurance policies. The state requires companies to participate in the assigned risk market and assigns these insurers to eligible drivers.

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What Is The Assigned Risk Pool, and Why Are You In It?

Being a commercial lines insurance agent at Viking Insurance Services, I inherently speak with a lot of business owners on a daily basis. As a commercial lines insurance agency specializing in bringing clients out of the workers compensation assigned risk pool, a lot of those business owners are in their state workers compensation risk pool. Roughly half of the clients I speak with don’t know that they are in the assigned risk pool, and/or have no idea what it is. Even fewer know the actual reason they are in the pool to begin with.

So, What is the assigned risk pool?

The IRMI (International Risk Management Institute) defines the assigned risk pool as “a method of providing insurance required by state insurance codes for those risks that are unacceptable in the normal insurance market.” In plain English that just means that it is meant to be a market of last resort for high risk policies, where the insured has not received voluntary offers directly from insurance carriers.

Depending on a number of factors, your business may not be an acceptable risk to standard carriers. Your agent may be submitting dozens of applications, and receiving declination after declination. In that event, you are fortunate to have access to workers compensation coverage through the state risk pool. Without it, you simply would not have access to coverage for work related injuries your employees may sustain.

The being said, more often than not, the clients I speak with have no business being in the assigned risk pool.

Different states, different rules

Each state has its own workers compensation risk pool. While many states use an organization called NCCI to administer their workers compensation program, there are some who administer their own program, as well as North Dakota, Ohio, Washington, Wyoming, Puerto Rico, and the U.S. Virgin Islands which are monopolistic funds.

The rules and requirements vary from state to state, especially when comparing NCCI administered states to independent and/or monopolistic states. It is always a good idea to speak with your agent if you have questions, or check with your local governing body. We have listed links at the very bottom of this page to many of the state insurance commission websites.

Why are the rates so high in the assigned risk pool?

This is a question I get asked all the time. The answer is really pretty straight forward: The assigned risk pool is meant to be a market of last resort for high risk companies, therefore the businesses who are in the assigned risk pool /SHOULD/ all be high risk operations. That being the case, the rates are meant to be commensurate with the risk the insurance companies are taking in insuring this group of high risk policies.

Rates vary from state to state, but in general it is safe to assume that the rates in the pool are the highest available for most workers compensation class codes. In fact, many standard voluntary market carriers use the assigned risk pool rates as a basis to discount their rates against.

Should you really be in the assigned risk pool?

The answer to the above question is often no. There are dozens of workers compensation insurance carriers in the United States, and all of their underwriting appetites are different. What would be a decline for many, may be what another specializes in.

For example, General Contractors are a very difficult class of business to write workers compensation for. There are very few carriers who are willing to write policies when more than 25% of the labor is subcontracted, let alone 75-85% of their labor being subcontracted as is standard with GC’s. That is not to say that you should be in the assigned risk pool though, because there are carriers who specifically write coverage for these types of operations.

Here are a few other common misconceptions on why an account is in the pool:

Less than three years prior coverage
High risk occupations such as roofing contractors and arborists
History of previous claims or losses
High employee turnover rate

The above reasons are mostly untrue. We write new businesses, with zero prior coverage, in standard voluntary markets every day. Just because you have had some claims doesn’t knock you out either. There are many carriers who will consider offering coverage for accounts with prior losses, and there are even carriers who prefer to write these harder to place risks. We also have carriers who like to write roofers, tree crews, and even cell phone tower installers. With regards to employee turnover, I am asked that question a handful of times out of hundreds of applications.

In reality, the most common reason I come across in dealing with companies who are in the assigned risk pool is that they are dealing with a captive agent. That is probably a term you have never heard before, but what is means is that they are only allowed to write business with one carrier. Examples of captive agents would be Nationwide, Allstate, State Farm, Farmers, etc. So, if you call your local captive agent and ask them to quote your business insurance, the only company they are able to offer quotes with is the one company they work for. What if that company doesn’t write workers compensation in your state, or they don’t write your class of business? You end up in the assigned risk pool.

Alternatively, independent insurance agencies are able to be contracted with various insurance companies. This gives independent agencies the ability to hunt for the best coverage, at the best price, with many different carriers. For more information on why an independent agent is the right choice for you business, check out this article.

Here are some valid reasons to be in the assigned risk pool:

Experience modifier above a 1.3 to 1.5
Major claim within the past two years, often in excess of $100k
Paying employees 1099 when they should really be W2
Low payroll or no payroll, generally below about $20K annual payroll is tough to place

Save money on your workers compensation by getting out of the pool

As I mentioned above we specialize in bringing clients out of the assigned risk pool. On average we are able to reduce the rate you are paying for your workers compensation coverage by 30-50% by obtaining coverage in the voluntary market. Despite the amount of payroll you are running, and the class code your labor falls under, the savings are almost always substantial.

In addition, the way you pay for your policy will likely change dramatically as well. With assigned risk pool policies insureds are generally required to pay either the entire annual premium or at least a 50% down payment. When coverage is secured in the voluntary market, carriers generally only require 10% down with ten equal monthly payments. There are also “pay-as-you-go “ options which require an even smaller down payment, and give the ability to report payroll on a monthly basis, paying only for what is actually used. Another perk of the latter option is that the carrier generally eliminates the annual audit since the payroll has been reporting monthly.

How to know if you are in the assigned risk pool

If you don’t know if your business is in the assigned risk pool, there are a few ways to figure it out.

First and foremost, just ask you agent! This should not be a secret, and if your agent has withheld this information from you…you need a new agent. If you are absolutely married to your agent because you have been with them for years and when you think about making a change you are left thinking “I wish I knew how to quit you,” something amazing will likely happen when you ask your agent if you are in the assigned risk pool. Nine times out of ten they are going to miraculously come back with a substantially better price for your renewal. If you would like to know WHY that is going to happen, read this little article about the _*types of insurance agents*_ out there.

The second option is to simply give us a call. Our agency, Viking Insurance Services, has access to the full list of all businesses currently in the assigned risk pool in the states we operate in. In a matter of about 5 minutes we can determine whether you are in the assigned risk pool, tell you if we think we can get you out, and give you an idea of what the rates will look like if we are successful.

The bottom line

The bottom line is that many of the businesses we speak with do not belong in the assigned risk pool and are paying significantly more than they should be for their workers compensation coverage.

We know your time is valuable, which is why we have streamlined our processes to take up as little of it as humanly possible. That said, I propose the following question: Would saving even 15% on your workers compensation premiums be worth a total of 10-15 minutes of your time?

Then what are you waiting for? Give us a call today to find out what Viking Insurance Services can do for you.

As promised, here are the links to your states insurance commission’s website:

Georgia State Board of Workers’ Compensation

North Carolina NC Industrial Commission Information for Employers

South Carolina SC Workers Compensation Commission

Virginia Employers | Virginia Workers’ Compensation Commission

TN Injuries at Work

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Study: Dementia Risk Reduced in People Who Get Their Period Before Age 12

Fact checked by Nick Blackmer

People assigned female at birth who had their first period at age 12 or younger have a decreased risk for dementia.
Conversely, those who started their period at age 15 or later had a 12% increased risk for dementia.
Researchers also suggest that being exposed to estrogen in the later years of life also can reduce the risk for dementia.

A new study suggests that the age of a person’s first and last period could influence their risk of developing dementia.

Researchers set out to assess the relationship between dementia risk and the amount of estrogen exposure, which they measured as the number of years a person menstruates. Their findings, published in the American Journal of Geriatric Psychiatry, show that people who began menstruating at a younger age or went through menopause at an older age had a reduced chance of developing future dementia.

Dementia, which affects nearly 6 million people in the United States, refers to declining cognitive abilities, such as remembering and thinking. Alzheimer’s disease is the most common form of dementia.

The causes of dementia are still largely unknown, but scientists have identified factors that can increase the risk of developing it, such as genes and lifestyle choices. The new study shows that not having prolonged exposure to estrogen may be another contributor.

“Based on the results of this study, estrogen might have a protective role in women in the development of dementia,” the authors wrote.

However, Suzanne Gilberg-Lenz, MD , an OB/GYN, medical advisor for Evernow, and author of Menopause Bootcamp, told Health that more rigorous research is needed to assess the connection between estrogen exposure and dementia risk.

“Ideally, future studies would include randomized controlled trials, longitudinal designs, and more precise measures of hormone levels and exposure, as well as accounting for a broader range of potential confounders,” she said.

Measuring Estrogen Exposure and Dementia Risk

To assess how estrogen exposure affects dementia risk, researchers analyzed information about 273,260 women aged 37 to 73 in the UK Biobank, a large biomedical database and research resource.

Participants provided information about their reproductive histories, including the age of their first period, which is when the ovaries begin releasing estrogen, and when they first gave birth to a child. They also reported how old they were when they went through natural menopause or underwent a bilateral oophorectomy or hysterectomy —all of which would cause a drop in estrogen—and whether they ever used hormone therapy, a treatment that adds estrogen to the body.

During the study, nearly 3,700 women developed dementia.

After crunching the numbers, the scientists found that women who started their period at age 15 or older had a 12% increased risk of dementia compared to those whose periods began when they were 12 or younger.

Meanwhile, those who went through menopause in their 50s were about 24% less likely to develop dementia than women who stopped having periods in their 40s. Participants who had a history of hysterectomy and/or bilateral oophorectomy (removal of both ovaries) had an 8% increased dementia risk.

The study is “interesting,” Marian Schuda, MD , medical director for OhioHealth John J. Gerlach Center for Senior Health in Columbus, Ohio, told Health, especially given that “for years and years, people have wondered if estrogen somehow was protective of brain cells.”

Gilberg-Lenz said the research adds to growing evidence suggesting that estrogen influences brain health. “Estrogen is not only pivotal for reproductive health but also plays a significant role in the brain, influencing cognitive functions such as memory, attention, and learning,” she said.

The anti-inflammatory effects of estrogen may be a key factor in its potential to guard against dementia, she added.

The Study’s Limitations

Despite the study’s results, Gilberg-Lenz said, “there’s no need to panic” if you experienced your first period on the late side or went through menopause at a younger age.

The study has several limitations, she stressed, including that it’s observational. This means it can only establish a connection between shorter estrogen exposure and increased dementia risk, but it doesn’t prove that shortened estrogen exposure causes cognitive impairment.

Additionally, “other unmeasured factors” aside from estrogen “could influence” the association between menstruation years and dementia risk, she said. The outcome could’ve been influenced by variables researchers didn’t fully account for, such as “lifestyle factors, socioeconomic or nutritional status, and genetic predispositions.”

Assessing Your Risk of Dementia

According to Gilberg-Lenz, reproductive characteristics are only one of many factors to take into consideration when assessing your risk of developing dementia.

A family history of the condition is a more established risk factor, as is having certain health conditions, such as diabetes and high cholesterol . Your chances also rise by engaging in unhealthy lifestyle habits like smoking, drinking alcohol, and sedentary behavior.

While some studies have shown a link between reduced dementia risk and hormone therapy , Schuda said current guidelines recommend the treatment primarily to alleviate hot flashes and other symptoms of menopause—not to stave off cognitive decline.

Gilberg-Lenz stressed the importance of regular consultations with a healthcare provider to discuss your cognitive health, including your overall risk of developing dementia. While online calculators can help you determine dementia risk, Sarah Lussier, MA , a menopause coaching specialist and personal trainer, told Health that the tools shouldn't be used in place of a healthcare professional’s assessment and advice.

Related: Could Menopause Explain Why Alzheimer's Disease Is More Common in Women?

Related: Spending 2 Hours Online Every Day Could Reduce Dementia Risk in Older Adults

Related: Study Finds 15 Health and Lifestyle Factors That Could Increase Risk of Early Dementia

Related: 6 Side Effects of Menopause—Besides Hot Flashes

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Read the original article on Health.com .

Study: Dementia Risk Reduced in People Who Get Their Period Before Age 12

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