In The News

Managing the Challenges of Civil Unrest

Originally published on Insurance Thought Leadership | July 22, 2021 Over the last year, many communities have faced large riots and protests that destroyed public and private property and resulted in hundreds of injuries. While these events carry a certain amount of unpredictability, an organization’s planning and response to these…

The Perils of the Purchasing Process

Originally published on Insurance Thought Leadership | June 9, 2021 Most public entities and many private companies have switched to a procurement model for all contracts and purchasing. This model means a centralized department is responsible for all these decisions, ranging from office furniture and supplies to purchasing insurance and…

State of Mental Health in the Workplace

Originally published on Insurance Thought Leadership | May 18, 2021 Discussions around the impact of mental health and well-being in the workplace are frequent Out Front Ideas with Kimberly and Mark topics. May is Mental Health Awareness Month, so we are offering our thoughts on the current state of mental…

How Social Inflation Affects Liability Costs

Originally published on Insurance Thought Leadership | April 20, 2021 Social inflation is a term you frequently hear in risk management these days. It refers to the phenomenon of a general anti-establishment sentiment that exists publicly today, which has a far-reaching impact on businesses and the insurance industry as a…

Benchmarks, Analytics Post-COVID

Originally published on Insurance Thought Leadership | April 6, 2021 The insurance industry relies heavily on actuarial models and benchmarks to analyze performance and predict future exposures. One of the core assumptions is that most components of the analysis mirror conditions similar to the past. However, the pandemic introduced several…

COVID-19 is NOT an Occupational Disease

Originally published on WorkCompCentral | March 25, 2021 When workers’ compensation was first conceived over 100 years ago, it was designed to cover traumatic injuries in an industrial setting. As workers’ compensation evolved, that coverage expanded in many ways. It was recognized that there were certain diseases or conditions, like…

Claims Development for COVID (Part 2)

Originally published on Insurance Thought Leadership | March 1, 2021 The latest Out Front Ideas with Kimberly and Mark webinar brought together a panel of industry experts to explore trends being seen in COVID-19 claims, as well as long-term medical complications and what risk managers should monitor in the future….

Claims Development for COVID (Part 1)

Originally published on Insurance Thought Leadership | February 24, 2021 The latest Out Front Ideas With Kimberly and Mark webinar brought together a panel of industry experts to explore current trends being seen in COVID-19 claims, as well as long-term medical complications and what risk managers should be monitoring in…

20 Issues to Watch in 2021

Originally published on Insurance Thought Leadership | January 21, 2021 Out Front Ideas with Kimberly and Mark kicks off every year with our popular 20 Issues to Watch webinar. While there are certainly more than 20 issues to discuss after the unprecedented events of 2020, we focused on the high-impact…

Perils of Pandemic Premium Audits

Originally published on Insurance Thought Leadership | January 7, 2021 Because workers’ compensation premiums are usually driven by employer payroll, carriers audit the payroll figures to ensure that the worker classifications are accurate and that the premiums reflect the covered risks. States and the rating bureaus have stringent rules around…

Medicare Set-Asides: Determining the Best Path

Originally published on The CLM | November 16, 2020 Submission of a Medicare Set-Aside (MSA) to the Centers for Medicare & Medicaid Services (CMS) is a recommended but voluntary procedure. CMS states there “are no statutory or regulatory provisions requiring that a Workers’ Compensation Medicare Set-Aside (WCMSA) proposal be submitted…

State of the Commercial Insurance Marketplace

Originally published on Insurance Thought Leadership | October 28, 2020 In a survey of frequent Out Front Ideas attendees, one of the biggest concerns raised by risk managers was the rapidly evolving insurance marketplace. These challenges started back in 2018, but COVID-19, civil unrest and other events have accelerated this…