Claims and Costs News

Harvey’s Catastrophic Flooding Hits Uninsured Hard

Hurricane Harvey’s second act across southern Texas is turning into an economic catastrophe – with damages likely to stretch into tens of billions of dollars and an unusually large share of victims lacking adequate insurance, according to early estimates. Harvey’s …

Proposed Revision of New York PPD Guidelines Met With Skepticism

The New York State Workers’ Compensation Board will soon release updated permanent impairment guidelines as part of its 2017 workers’ comp reform plans, prompting a workers’ advocacy group to release a survey suggesting many workers believe their benefits are already …

Insurers Ready Adjusters for Harvey Cat Losses

Teams of insurance adjusters were mobilized Friday in Texas cities closest to Hurricane Harvey’s expected path of destruction. Hurricane Harvey made landfall late Friday evening as a category 4 hurricane. According to AIR Worldwide, “the eye of the storm crossed …

California Workers’ Comp Agency Dismisses 292,000 Unresolved Liens

The California Division of Workers’ Compensation (DWC) reported that it had dismissed more than 292,000 unresolved liens, belonging to claimants who failed to file the proper forms. New legislation effective this year, SB 1160, requires all lien claimants that filed …

Hearing for Boat Claim in Case Involving Relatives Who Died Mysteriously

Lawyers for a man suspected of killing his millionaire grandfather in 2013 met with a judge Monday in a lawsuit over the sinking of his boat with his mother onboard. Nathan Carman’s boat sank last year during a fishing trip …

Insurer Reports Motorcycle Crashes Spike in August

The last month of summer could bring a spike in motorcycle claims, according to American Modern Insurance Group. The insurer reports that of the 60,400 motorcycles it insures, 570 were involved in crashes in August 2015 and 2016. Many motorcycle …

Older Worker Fatalities Higher Than All Other Age Groups

Older people are dying on the job at a higher rate than workers overall, even as the rate of workplace fatalities decreases, according to an Associated Press analysis of federal statistics. It’s a trend that’s particularly alarming as baby boomers …

Easing the ‘Return-to-Work’ Process for Injured Workers

In 2015, the U.S. Bureau of Labor Statistics reported that 2.9 million non-fatal workplace accidents occurred that year. Of this, over 50 percent of the injured workers experienced time lost from work. A number this large obviously eats into a …

Risky Business: Catching Commercial Use Fraud Before it Hits Your Books

One definitive method can show misrepresented commercial use well before a claim ever arises. Pulling the wool over the insurance company’s eyes seems like a victimless crime. After all, if a few dollars are saved by saying a car is …

What Value-Based Contracting Means to the Workers’ Comp Industry

Value-based contracting (VBC) widely used in the healthcare system is now a hot topic in the workers’ comp industry, according to a Coventry whitepaper released earlier this year. Though widely discussed among industry stakeholders, a common definition for the practice …