Chicago, IL – Now in its eighth year, the 2020 Workers’ Compensation Benchmarking Study will investigate how claims leaders are capitalizing on the 1200-plus frontline staff survey responses from the 2019 study. The 2020 study marks another industry first, as claims leaders have never before had access to such aggregated frontline data upon which to… [Read more]
Claims, Legal, & Compliance News
Care Bridge International Announces Actuarial Science Endorsement
Lakewood Ranch, FL – Care Bridge International recently completed an actuarial, data science review, the second evaluation of its kind since the company’s inception. Actuarial Science is the discipline that applies statistical methods to assess risk in insurance. The actuaries applied rigorous mathematics and data analysis to the Care Bridge models, involving forecasting long term… [Read more]
Texas Mutual: SCOTX Air Ambulance Ruling a Victory for Employers and Injured Workers
Austin, TX – The Supreme Court of Texas has ruled that an air ambulance company must adhere to workers’ compensation payment guidelines in the Texas Mutual Insurance Company et al. vs PHI Air Medical case. The Court decided in favor of insurers and state regulators in a dispute that was sparked when privately-owned air ambulances… [Read more]
NYCIRB Releases Research Brief on COVID-19 Impact on State’s Workers’ Comp System
New York, NY – The New York Compensation Insurance Rating Board recently announced its release of a new Research Brief on the COVID-19 pandemic’s impact on the New York State workers’ compensation system. New York State’s unique experience has been driven by the breadth of virus transmission throughout its downstate metropolitan region, New York City,… [Read more]
NCCI Releases Report Update on Motor Vehicle Accidents in Workers’ Compensation
Boca Raton, FL – NCCI recently released a new Insights update to its 2018 research brief titled “Motor Vehicle Accidents in Workers Compensation,” which examined the frequency and severity of motor vehicle accidents (MVA) from 2000 to 2016. The brief noted that frequency decreased for both MVAs and all claims from 2000 to 2011. However,… [Read more]
WCRI Report: Spending for Dermatological Drugs Increased While Compounds and Opioids Decreased
Cambridge, MA – A new FlashReport from the Workers Compensation Research Institute (WCRI) recently found that dermatological drugs have become a more prominent share of prescription payments in many states. Payment shares for dermatologicals increased by more than 10 percentage points over a three-year period from the first quarter of 2016 to the first quarter… [Read more]
Guest Post: How to Recruit Claims Adjusters: Embrace Intelligence
By Thomas Ash, SVP Business Development, CLARA analytics If you look at a list of preferred jobs of college graduates, “claims adjuster” might not make the list. Insurance claims operations likely seem foreign to a 21- or 22-year old who probably has never had to file a claim. There is limited understanding about what is… [Read more]
Glen Pitruzzello Joins A.I.M. Mutual as Director of Claim
Burlington, MA -(PRNewswire)- Glen Pitruzzello has joined A.I.M. Mutual Insurance Companies as Director of Claim responsible for claim operations throughout New England. In this capacity, he reports to Michael Standing, President and CEO. Glen brings 30 years of claim and workers’ compensation insurance experience to A.I.M. Mutual’s senior leadership team. Most recently, he was with… [Read more]
NY Governor Announces Insurance Fraud Action Against Global Opioid Manufacturer
Albany, NY – Governor Andrew M. Cuomo recently announced the New York State Department of Financial Services has filed charges and initiated administrative proceedings against Endo International plc and its subsidiaries, Endo Health Solutions Inc., Endo Pharmaceuticals, Inc., and Par Pharmaceutical Companies, Inc. These charges are the second to be filed in DFS’ ongoing investigation… [Read more]
CWCI to Broadcast 2020 California Workers’ Comp Case Law Update Program
Oakland, CA – The California Workers’ Compensation Institute (CWCI) has announced that it will present its annual California Workers’ Compensation Case Law Update as a live, on-line broadcast rather than as an off-site seminar. The decision to broadcast the case law seminar was made in light of the ongoing health concerns and travel restrictions related… [Read more]