In The News
California Closed Formulary Legislation Heads to Governor
With California’s closed drug formulary nearly a done deal, other states including Tennessee and Louisiana are exploring the idea. In this Risk & Insurance article, Sherri Hickey, Director of Medical Management, notes her support for state formularies and key factors of an implementation plan. View the article here.
Taking a New Look at the Grand Bargain
“No fault” isn’t no fault. “Exclusive remedy” isn’t exclusive. And the century-old “grand bargain” in workers’ compensation will keep changing. Mark Walls, Vice President Communications & Strategic Analysis, summarizes the latest legal challenges to the workers’ compensation system in this Insurance Thought Leadership article. View the full article here.
Key Components to Selecting a Workers’ Compensation Reinsurer
Choosing a reinsurer is a very important decision given the long-tail nature of workers’ compensation claims. By definition, you are establishing a long-term relationship with the reinsurer that you select. Ray Harkins, Senior Vice President and head of Safety National Re, breaks down the essential elements of choosing a workers’…
Technology – A Critical Component to Policy Services Best Practices
Cyndee Morton, Vice President of Policy Services Administration, offers insight on how technology has transformed the insurance industry. Advances in technology have enabled the insurance industry to increase efficiency, provide flexility in the underwriting process, and other service practices. View the entire article here.
RIMS Review
At RIMS 2015, Workers’ Compensation stakeholders participated in WorkCompWire’s “RIMS Review.” Steve Luebbert, Chief Operating Officer, weighs in on the current challenges and trends that are potential big changes in the Workers’ Compensation industry. See what he focused on for this year and for the future. See what Steve had…
Maintain a Competitive Advantage by Implementing Policy Services Best Practices
Cyndee Morton, Vice President of Policy Services Administration, offers best practices for policy services administration to WorkCompWire’s Leader Speaks series.”Doing what we’ve always done” should not be the status quo.Policy services teams are tasked with controlling costs while producing positive results. View the entire article here.