Is IBNR Incurred But Not Reported Accurate Figure?
What Is Incurred But Not Reported Incurred But Not Reported (IBNR)- An estimate of the amount of an insurer’s (or self-insurer’s) liability for claim-generating events
April 30, 2010 No Comments
What Is Incurred But Not Reported Incurred But Not Reported (IBNR)- An estimate of the amount of an insurer’s (or self-insurer’s) liability for claim-generating events
Term Of The Day – Loss Development Factor The Loss Development Factor is also known as LDF is an element used to adjust losses to
Experience Modification Factor E-Mod Can Be Debit, Credit or Neutral There has been much discussion in the last week on the Experience Modification Factor (E-Mod
The Feds Crackdown Down On Subcontractors The State of Oklahoma and Feds crackdown on dishonest subcontractors. Oklahoma organizations that misclassify employees as independent contractors are
Total Incurred Means Two Different Things In Two Different Places The Total Incurred part of claims reserves consists of the indemnity reserve added to medical
Workers Comp Acronyms Often Used In Documentation The correct workers comp acronyms are critical to Workers Comp communications. In one of the LinkedIn Workers Comp
Term Of The Day – Remuneration This is an archaic word at best. It is still used in Workers Comp vernacular as opposed to payroll,
Term Of The Day – Workers Comp Premium Audit A Workers Comp Premium Audit – A methodical examination of an insured’s operations, records and books
Premium Auditor Definition Workers Comp Premium Auditor – an individual who performs the audit of remuneration at the end of a policy period. The premium
Schedule Credits Can Save Big on Premiums Schedule Credits – discretionary premium adjustment based on the underwriter’s evaluation of special characteristics of a risk not
California Workers Comp Rates The California Workers Comp Rates will be staying low for 2010. The Workers Compensation Insurance Rating Bureau of California (WCIRB) recently
Senator Thinks of WC Federalization The Federalization of Workers Comp the Senator was think so.I have been told by many in the insurance industry how
Nashville TN – Premium Auditor Conference I recently attended an annual insurance premium auditor conference in Nashville, TN. I had contemplated attending the conference for
Risk Management Diary For Workers Comp Subrogation The Workers Comp Subrogation handlers should have a risk management diary. A few posts ago I analyzed
Workers Comp Large Deductibles Still Have E-Mod – Shocker The Workers Comp Large Deductibles have always been reported to the rating bureaus. Reader Question –
Workers Comp Money – Subrogation Concerns Sometimes Subrogation turns into the Workers Comp money left on the table. I have covered subrogation a few times
Second Most Expensive State Is Montana I noticed that the 2nd most expensive state is Montana. I have not posted for some time on the
Ten Ways To Prepare for the Death Of Workers Comp This Ten ways to prepare for the Death of Workers Comp comes from how to
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