In The News
Perils of Pandemic Premium Audits
Originally published on Insurance Thought Leadership | January 7, 2020 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…
How the US is Making Progress on Climate Change
Originally published on InsuranceERM | October 28, 2020 Bill Wilkins, CRO of US specialty re/insurer Safety National, which is part of the Tokio Marine Group, explains why climate risk cannot be solved by the US alone. In an InsuranceERM editorial comment titled How US insurers can make America green again,…
The State of the P&C Insurance Marketplace
Originally published on PC360 | October 21, 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 change. At…
Evolving Health Technology
Originally published on International Risk Management Institute, Inc. | October 2020 Three industry leaders from the Alliance of Women in Workers’ Compensation joined us on our Out Front Ideas with Kimberly and Mark webinar to discuss the evolution of health care and its impact on workers compensation. Artemis Emslie—CEO of…
Mega Workers’ Comp Claims Continue to Grow at Faster Pace
Originally published on Business Insurance | September 2, 2020 The surge in workers compensation “mega claims” of at least $3 million continues as medical treatments and technologies advance, according to research by ratings bureaus around the country. While mega claims comprise a statistically small percentage of all workers comp claims,…
States Rule
Originally published on Leader’s Edge | September 1, 2020 For workers compensation, it’s a world of uncertainty. With months of fewer workers going to offices and factories, the number of standard workers comp claims is expected to decline. But those for work-related illness—COVID-19 in particular—are headed upward and bring with…
We Are Open for Business. Now What?
Originally published on PC360 | June 22, 2020 Established continuity plans are an essential part of a business’ reopening in a post-COVID-19 world. Expectations for success continue to rise as more businesses reopen with safety as a top priority. With a growing list of resources and recommendations, many employers are…
Strategies to Reopen Your Business Safely
Originally published on Insurance Thought Leadership | June 8, 2020 As states reopen, businesses will have to grapple with the challenges of creating a safe environment for both workforce and consumers. Employers have to address a range of issues, like how to mitigate workplace transmission of COVID-19, what workforce challenges…
After COVID-19, P&C Insurance Will Not Be Quite the Same
COVID-19 is changing a lot in the property/casualty industry. In this Actuarial Review article, Mark Walls, Vice President of Communications & Strategic Analysis, discusses the evolving rules of compensable workers’ compensation claims, classifying essential workers and dealing with at-home work exposures. View the full article.
Employer Perspectives and Priorities During a Pandemic
Originally published on IRMI.com | June 5, 2020 The COVID-19 pandemic is upending the way employers conduct regular business operations. Most industries now face a wide variety of challenges, including dislocation of their workforce, lost revenues, changing priorities, and employee safety, to name a few. Three industry experts joined us…