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Unprecedented Severity Of WC Claims

Unprecedented Severity Of WC Claims

There seems to be a common misconception that all workers' compensation losses are flat to slightly improving. While that might be true for the frequency of smaller claims, it definitely is not the trend in the frequency and costs of large death and permanent total disability claims.
March 7, 2023 Workers' Compensation

Reducing Claims And Eliminating Accidents

Reducing Claims And Eliminating Accidents

It has been heartening--especially over the last few years--to see more founders and investors take an interest in the U.S. workers' compensation and safety innovation sector. Why?
March 2, 2023 Workers' Compensation

AI Has Finally Entered The Building

AI Has Finally Entered The Building

AI's capabilities have surged so much that it has the potential in 2023 to dramatically raise the quality of claims handling and underwriting in workers' compensation.
February 20, 2023 Technology Underwriting Workers' Compensation

Workers’ Compensation Costs Driven By Physician Services

Workers’ Compensation Costs Driven By Physician Services

According to a report by the National Council on Compensation Insurance, physical medicine expenses have been the primary contributor to the increase in annual physician costs in workers' compensation over the past decade.
February 14, 2023 Workers' Compensation

Former Eagles Player Emmanuel Acho Prevails In Workers’ Comp Case

Former Eagles Player Emmanuel Acho Prevails In Workers’ Comp Case

Former Eagles linebacker turned media personality, Emmanuel Acho, has won a lengthy workers' compensation battle. Acho's career with the Eagles ended in 2015 due to a thumb injury, after playing in 20 regular season games.
February 13, 2023 Litigation Workers' Compensation Pennsylvania

CMS Moves Forward With Hefty Civil Monetary Penalties For Noncompliance

CMS Moves Forward With Hefty Civil Monetary Penalties For Noncompliance

Primary workers' compensation, general liability, and no-fault claims payers should be on alert for civil monetary penalties of up to $1,000 per day, per claim, which will be issued against noncompliant claims payers beginning spring 2023.
February 9, 2023 Auto Legislation & Regulation Liability Workers' Compensation

5 Tips To Settle Workers Comp Cases Faster

5 Tips To Settle Workers Comp Cases Faster

When approaching a workers compensation settlement, efficiency and accuracy are critical. While it is important to get the settlement right, speed is key to curbing the potential long-term sprawl of expenses related to medical treatment, potential surgeries and indemnification for carriers and businesses.
February 7, 2023 Risk Management Workers' Compensation

Due To Worker’s Status And Exclusive Remedy, Court Reverses $5.6M Jury Award

Due To Worker’s Status And Exclusive Remedy, Court Reverses $5.6M Jury Award

A Pennsylvania appellate court has struck down a $5.59 million jury award for a former roofer who suffered catastrophic spinal injuries after falling 20 feet through an unmarked hole in a roof.
February 2, 2023 Litigation Workers' Compensation Pennsylvania

Top Ten Challenges For The Workers’ Compensation Industry

Top Ten Challenges For The Workers’ Compensation Industry

In its fifth year, the Risk & Insurance survey of workers' compensation professionals, sponsored by Healthesystems, highlighted the top challenges industry professionals faced in 2022 and their priorities heading into 2023.
February 1, 2023 Workers' Compensation

Allocating For Medicare Set-Asides

Allocating For Medicare Set-Asides

With everything employers have on their plates, why should they care about Medicare Set-Asides, or MSAs? The main reason is: MSAs facilitate workers' compensation settlements.
January 24, 2023 Workers' Compensation

Work Accidents: Causation And Attribution

Work Accidents: Causation And Attribution

Situational variables have an effect on the degree of seriousness of these unexpected events, which causes management to try to find means and methods of stopping their occurrences or minimizing their negative impact on the organization.
January 19, 2023 Risk Management Workers' Compensation

What’s Contributing To The Rise In One Sector’s Workers’ Comp Claims?

What’s Contributing To The Rise In One Sector’s Workers’ Comp Claims?

Staffing shortages, turnover and new hires led to a significant spike in workers' comp claims in restaurants as the industry reawakened after COVID-19 lockdowns, according to a report from AmTrust Financial Services.
January 4, 2023 Workers' Compensation

The Great Resignation Is Straining Workers’ Comp And Bodily Injury Claims Teams

The Great Resignation Is Straining Workers’ Comp And Bodily Injury Claims Teams

Last year, 56% of insurance companies planned to increase their staff within the next 12 months, per an Insurance Information Institute report.
December 21, 2022 Liability Technology Workers' Compensation

South Carolina Lawmakers Consider PTSD Comp Bills

South Carolina Lawmakers Consider PTSD Comp Bills

Lawmakers in South Carolina have filed three bills in the last week that would make post-traumatic stress disorder a compensable illness for first responders.
December 7, 2022 Legislation & Regulation Workers' Compensation

Rise In Comp Claims Severity Hits Construction

Rise In Comp Claims Severity Hits Construction

While claim frequency in workers compensation has been flat for a decade, claim severity is increasing, and no industry is seeing it more than construction, according to a panel of experts.
December 6, 2022 Workers' Compensation
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