According to a newly released research brief by the Property Casualty Insurers Association of America (PCI), the negative impacts of 20 pieces of legislation promoted by the Auto Body Association of Rhode Island (ABARI) that have become law since 2003 …
Last year was the second-costliest year for disasters since 1970, according to a new analysis from reinsurance firm Swiss Re AG. Global economic losses from these events reached $337 billion in 2017, behind only 2011’s total losses, and less than …
A new study from the Insurance Research Council (IRC) shows that claimed economic losses for auto bodily injury liability (BI) insurance claims increased 10 percent annualized from 2012 to 2017, substantially above the medical inflation rate of 3 percent over …
Inappropriate coding and unbundling were two of the most common billing issues Mitchell found during their medical billing audit. The analysis was presented in Mitchell’s Q1 2018 Industry Trends Report. The author of the first in a three part series …
Thanks to the nor’easters that hit New York and the East Coast, the U.S. has already had three $1 billion weather disasters since January, half the number in an average year. January and March winter storms that flooded the East …
Cigna’s purchase of healthcare pharmacy benefit manager Express Scripts last month was just the latest insurer/PBM acquisition in an effort to control rising medical treatment and drug costs. There’s been quite a few pharmacy benefit manager (PBM) acquisitions in healthcare …
Insurers have received over 2,000 insurance claims totaling more than $421 million in losses from the deadly Montecito, Calif., mudslide that roared through the community carrying tons of mud and debris destroying or damaging more than 400 homes and businesses, …
Early reporting, insured cooperation and thorough investigation aid claims handling when dealing with catastrophic or complex injuries or damages, according to four experienced lawyers who spoke as part of a panel during the American Bar Association’s mid-year conference on insurance …
With issues like the opioid crisis and inflating drug costs at the forefront of discussion in workers’ compensation, several states, including Indiana and Pennsylvania, are currently considering legislation to establish workers’ compensation drug formularies. Some debate has arisen as to …
Opioids remain the most common type of prescription drug used to treat California injured workers with lost-time injuries, but sustained efforts to curb their use are paying off as new data show that in the past decade they fell from …