NCCI State of Line Report
On May 11, 2021, NCCI held their Annual Issues Symposium. NCCI is the largest workers’ compensation rating agency representing 34 states, which is the data used in their analysis. The main event of the Annual Issues Symposium is always their State of the Line Presentation. Here are some highlights from that presentation: Net written premium […]
Gen rX – The Next Generation of Medicine
Medical technology, treatments, delivery and even payment mechanisms are evolving. In this session at NCCI’s AIS Virtual Conference, Raji Chadarevian, Director of Medical Regulation and Informatics, highlighted new developments and offered insight into what the near future may hold for workers’ compensation. Delivery Who Is Delivering Medical Services? In 2012, nonphysicians made up 47 percent […]
Controlling the Tail: New Tricks for Managing and Closing Old-Dog Claims
Closing long-tail claims greatly reduces immediate costs, decreases reserve requirements and diminishes collateral needs, however, not all of these claims are ripe for closing. Mitigating the impact of long-tail claims requires sound strategies for uncovering opportunities to close them when possible and properly managing them when case facts do not support their closure. In this […]