A new whitepaper by Coventry, a company that offers workers’ compensation cost and care management to insurers, third party administrators and employers, discusses ways to improve compliance and return to work in workers’ compensation claims. The paper, released this month, …
The average medical payment per claim for treating injured workers decreased by 5 percent in California in 2013, according to a recent study by the Workers Compensation Research Institute (WCRI), which could reflect some early impact of the state’s reform …
A combination of sophisticated predictive analytics and early, expert medical assessment can significantly reduce the cost and duration of workers’ compensation back claims, according to new research released by York Risk Services Group, a claims management, managed care and risk …
When it comes to workers’ compensation claims, low back injuries are the most costly musculoskeletal condition representing 20-25 percent of all loss, according to an analysis of Lockton claims. Further analysis of claims over $250,000, indicate they represent 25 percent …
RMS, the a global catastrophe risk management firm, estimates that insured property losses from Windstorm Niklas will fall between 750 million and 1.5 billion euro. Losses in Germany will account for around three quarters of the total loss. The loss …
Travelers revealed 2014 identity fraud claim information from its claim data that highlight the most common ways identity thieves use personal information. Thirty-six percent were a result of thieves using existing credit or debit cards. Twenty-one percent of claims are …
As temperatures warm there’s an increased risk for the formation of hail. Damage to homes and cars as a result of hail cost State Farm policyholders more than $2.4 billion in 2014. Hail is one of the most frequent causes …
Texas storms affected more Allstate insured homes and cars in Bell county than any other part of the state over the past five years, while Smith county saw the highest frequency of lightning. Allstate tallied the top 25 Texas counties …
Windstorms Mike and Niklas, which swept across Europe last month, killing nine people and severely damaging parts of Germany, probably cost insurers more than $1 billion, Aon Plc said. The hurricane-force winds also struck portions of the U.K., Netherlands, Switzerland, …
As many insurers are well aware, few homeowners are fully prepared when disaster strikes. Jay Straughan, Enservio’s vice president of claims, was recently quoted as saying “almost none of the insureds he encounters have property inventory lists.” Even if these …