Bulk Reserves Cover Large Number Of File Concerns
Term Of the Day – Bulk Reserves The term bulk reserves are one of the antiquated terms in insurance. An accumulated amount determined to
January 31, 2011 No Comments
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Term Of the Day – Bulk Reserves The term bulk reserves are one of the antiquated terms in insurance. An accumulated amount determined to
Term Of The Day – Regression Analysis A long standing debate has been occurring between myself and actuaries over whether or not that Regression Analysis
Term Of The Day – Records Retention The length of time that closed Workers Compensation claims file material should be retained by the insurance carrier,
Captives for Workers Comp – Who Adjusts Your Claims Most Captives for Workers Comp should not overlook the claims administrator which will handle your claims.
Term Of The Day – Earned Surplus Earned surplus for Workers Compensation insurance carriers, mutuals, captives, self-insureds, risk retention groups and captives, comes from the
Workers Comp Policy Allows Claim File Audits The Workers Comp policy allows an employer to review files or perform claims audits. I have recently received
Term Of The Day – Anniversary Rating Date This is also referred to as the ARD. In the experience rating process, the anniversary rating date
Term Of The Day – Acquisition Costs Workers Comp policy acquisition costs (in most states) are broken down into four areas: Agent Commissions Premium tax
Term Of The Day – Stop Loss Reinsurance Protects a cedent against an aggregate amount of claims over a period, in excess of a specified
Term Of The Day – Allocated Loss Adjustment Expenses The Loss Adjustment expenses (ALAE) can be allocated to the adjustment of a certain claim. Often,
WALSH Best Test When Multi-Jurisdictions Involved WALSH is best test for multi-jurisdictions of workers comp. I have posted on this subject in the past. I
Test Mods Are Difficult Due To Correct Inputs Required We often calculate Test Mods for employers of all types so that they can properly budget
Not Reporting Claims Can Be Very Expensive One way to pay more for WC claims is not Reporting Claims to your insurance carrier. The second part
A State Medical Fee Schedule Usually Saves Funds States without a Workers Compensation medical fee schedule become more rare every year. At last count, there
Associate in Risk Management Designation Courses = 3 The Three Associate in Risk Management courses is listed below. This is a professional designation that I
Experience Modification Factor Calculated The experience period is the time frame from which the Experience Modification Factor (Ex-Mod, or X-Mod, or E-Mod) is calculated. The
Certified Risk Manager Term Of The Day The CRM program is sponsored by the National Alliance for Insurance Education and research. From their website www.scic.com
Cutting Cost Of Workers Comp Policy Just Renewed Your workers comp policy just renewed recently. This is a critical time in the cost cutting. This
CMS Now Runs FIO The CMS runs FIO – should this be death of Workers Comp? OK, so the title is meant to catch
Return To Work Program (RTWP) Term Of The Day A Return To Work Program (RTWP) is one of my Five Keys To Cutting Your Workers
Term Of The Day – Outside Adjuster An adjuster who usually spends 3.5 days or more on the road handling claims. Workers Comp claims department
Term Of The Day – Disclaimer A Disclaimer flags an incomplete audit. An accountant or auditor’s statement which says the required audit was not complete.
Term Of The Day – Payroll Limitation For Workers Compensation, this limitation applies to executive officers and classifications with notes that indicate payroll limitation. The
New York Policyholders Workers Comp Premiums Should the excess surcharges be returned to New York policyholders? I was reading this article in a few of
A Small Workers Compensation Claim Is A Misnomer A small Workers Compensation claim can grow to a large one in the blink of an eye. The
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