In The News
20 Work Comp Issues to Watch in 2016
Mark Walls and Kimberly George discuss their thoughts around 20 issues that the workers’ compensation industry should have on its radar for 2016 with Insurance Thought Leadership. Issues like the election year, Obamacare and the possible federalization of workers’ compensation could all have a major impact. View the article here.
Workers’ Comp Renewals Stable for 2016
Risk & Insurance reports that employers with good loss histories looking to renew their workers’ compensation insurance coverage for 2016 will likely encounter insurers holding their prices relatively level to retain the business. Seth Smith, Senior Vice President of Underwriting, discusses what the excess market can expect. View the article…
Turbulence Ahead in Workers’ Comp?
The workers’ compensation market is characterized as stable, but changes in the nation’s workforce, coupled with rapid-fire technological advancements, threaten to upset the balance of the industry. Mark Walls, VP of Communications & Strategic Analysis, discusses cost drivers and evolving claims models with PC360 in their article on the future…
Safety National’s Positive Impact on Injured Workers
At Safety National, we assist our policyholders in the management of their complex and catastrophic workers’ compensation claims with the goal of obtaining the best outcome for the injured workers. Our approach focuses on the collaborative team effort that is needed to achieve successful outcomes. A recent success story cumulated…
Workers’ Comp Market: Turbulence Ahead?
The workers’ compensation market could currently best be characterized as stable, but changes in the nation’s workforce—coupled with rapid-fire technological advancements—threaten to upset the balance of the industry. Mark Walls, Vice President of Communications & Strategic Analysis, weighs in on medical costs as a contributor to market conditions. View the…
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…