Claims and Costs News

Jury Awards $17M to California Man Who Lost Leg in Forklift Accident

A Riverside Superior Court jury awarded Steven Meier $17 million after he had his right leg amputated below the knee due to being run over by a forklift in October 2013. Meier, a security guard employed by Securitas Security Services, …

Tips on Maintaining Control of Catastrophic Workplace Injury Claims

Catastrophic injuries impact the severity and complexity of workers’ compensation claims. In a two part Inside Workers’ Comp podcast series, Genex’ Laney Bond discussed how catastrophic workplace injuries can derail claims. Bond, national catastrophic program manager for Genex, outlined four …

WCRI: Price Reforms Reduce Costs of Doctor Dispensed Drugs in Some States

With many states making changes to rules governing reimbursement for physician-dispensed pharmaceuticals, the Workers Compensation Research Institute (WCRI) released a study today that sheds a light on the impact of price-focused reforms on the frequency and costs of physician-dispensed prescriptions. …

Wearable Technology Transforms Injury Management and Rehab in Workers’ Comp

Wearable and smart technologies are revolutionizing the way we manage workplace injuries, deliver quality care and facilitate rehabilitation in workers’ compensation. To help case managers understand the scope of this exciting, new area of technology, Zack Craft, ATP, vice president …

The Case of the Monroe Billiards Table

Billiards is a cue sport that includes a variety of games that generally include a cue stick that is used to strike billiard balls on a table bounded by elastic bumpers known as cushions. Generally regarded to have evolved from …

10 Subrogation Mistakes Insurance Companies Keep Making

“Show me the money.” – Rod Tidwell in Jerry Maguire This year is the 20th anniversary of the 1996 romantic comedy Jerry Maguire. Its director, Cameron Crowe, just published the entire 5,000-word mission statement he wrote for his crisis-hit sports …

Travelers: Claims Reveal July 4 is Most Dangerous Summer Holiday for Drivers

The Fourth of July is the most dangerous of the three summer holidays for auto accidents, according to the Travelers Companies, Inc. According to the company’s personal insurance auto claim data from 2012 to 2016, there are 7 percent more …

P/C Insurance Industry’s Net Income Drops 42.2% in Q1 2017

The private U.S. property/casualty insurance industry saw its net income after taxes drop to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016-a 42.2 percent decline-and its overall profitability as measured by its annualized rate of return on …

Workers’ Comp Affected by Changing Workforce

The workers’ comp industry is in for big changes as older workers continue to stay on the job longer and more Latinos are employed in the workplace. These changes to the U.S. workforce present employers with challenges to safety and …

Wildfire Claims Complexity Driving Innovation in Loss Adjusting

Greater complexity in insured losses from forest fires is leading to increasing innovation in loss adjusting, according to Cunningham Lindsey’s 2017 Major and Complex Loss Review. The annual report highlights many examples where increasingly complex losses have led to new …