Claims and Costs News

WCRI: New Jersey Medical Payments per Workers’ Comp Claim Stabilize

Medical payments per workers’ compensation claim in New Jersey were stable from 2010 to 2013, in contrast to rapid growth in the 2008 to 2010 period, according to a recent study by the Workers Compensation Research Institute (WCRI). The report, …

Acrometis, Willis Partner to Reduce Workers’ Comp Claim Duration and Costs

Acrometis, the industry leader in workers’ compensation claims processing platforms, and Willis, a global risk advisory, re/insurance broking, and human capital and benefits firm, have partnered to launch Willis’ Advanced Technology Strategic Risk Planning (SRP) process. More advanced and comprehensive …

Cyber Claims Handling Strategy Still Evolving

Reinsurance executives polled at the recent 2015 PCI annual meeting by Guy Carpenter & Company agreed that cyber continues to be the most threatening emerging risk. As the number of data breaches mount, more focus is being placed on the …

Pre-Claim Nurse Triage a Little Used Best Practice for Workers’ Comp

Though large, self-insured companies have been using it for years, pre-claim nurse triage has not yet been wholeheartedly embraced by workers’ compensation carriers, according to Brian Cullen, managing director of Triage for Medcor, an outsourcing service that works to improve …

If It Seems too Good to Be True: The Problem With Cut-Rate Subrogation Vendors

Litigation is rarely cheap, but it is often necessary. Nowhere is this truer than in the area of insurance subrogation, where those who resist paying subrogation claims assume that insurance companies are loath to pull the trigger and file suit …

Virgina Medical Payments per Workers’ Comp Claim Among the Highest Of Study States

Driven primarily by prices, medical payments per workers’ compensation claim with more than seven days of lost time in Virginia were among the highest of the study states, according to a recent study issued by the Workers Compensation Research Institute …

Sandy’s Third Anniversary a Sobering Reminder of Coastal Vulnerability

It’s been three years since Superstorm Sandy, regarded as a one in 500 year event, struck a dozen states in the Northeast. The storm’s size, a 1000 mild wide wind field, and record-breaking low pressure devastated parts of the Eastern …

WCRI: Texas Sees 7% Increase in Medical Payments per Workers’ Comp Claim

Medical payments per workers’ compensation claim with more than seven days of lost time in Texas rose 7 percent from 2012 to 2013, a faster rate than in the median of 17 states, according to a recent study by the …

Wearable Technology Could Reduce Workers’ Comp Claim Costs

Technological breakthroughs in wearable technology are revolutionizing healthcare, particularly the well-being and independence of individuals with serious injuries. Using wearable technology in the workers’ compensation industry could profoundly impact overall claims costs, significantly improve the quality of life for seriously …

Using Key Value Factors to Evaluate First Edition & Rare Books

For book collectors, first editions are often highly sought after, but they can vary wildly in value. If you were seeking a spine-chilling book this Halloween, for instance, a classic Stephen King first edition in good condition might set you …