Temporary Total Disability Period Claims In a recent workers compensation study by NCCI , the total disability period for injured workers indicated the Temporary Total
Term Of The Day – Broad Form Hold Harmless Clause This is the most dangerous of the three types of Hold Harmless agreements. Broad form
Unfunded Self Insurance Is High Risk Unfunded Self Insurance can lead to a company actually folding if there are enough claims that were never placed
A Premium Audit Question On Employer Data Privacy A great premium audit question came in from one of our blog readers last week. One
Oklahoma Workers Comp Overhaul Continues Old System The Oklahoma Workers Comp overhaul will have little effect to the current system. Oklahoma’s Workers Comp system is
Workers Comp Catastrophe Cover = Massive Losses Workers Comp catastrophe cover deals with massive losses. Self Insured Employers may sometimes use a highly recommend risk
Term Of The Day – Ambulatory The definition of ambulatory care is any medical care delivered on an outpatient basis. Increasing numbers of medical conditions
Term Of The Day – Operational Risk Management A continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results
Term Of The Day – Vis Major Vis Major means act of God or an unavoidable accident or calamity. Almost all insurance policies have a Vis
SEB Supplemental Earnings Benefit One to the blog, and we do like to see comments, asked about the SEB or Supplemental Earnings Benefit, which seems
Workers Comp Self Insureds Have an LDF The LDF (Los Development Factor) equates to the E-Mod for self insureds. I have posted a few times
North Carolina High Claims Cost Shocker Many of you responded to last week’s note on the North Carolina High Claims Cost from the 16 states
Term Of The Day – Retention 1) Assumption of risk of loss by deductibles, noninsurance, or self-insurance. Retention can be unintentional when exposures are not
Term Of The Day – Personal Risk Management Personal Risk management focuses on how individuals can protect their wealth by risk management. The two areas
Term Of The Day – BCAR BCAR = Adjusted Surplus / Net Required Capital AM Best invented this term. It is a test of the
Term Of The Day – Reinsurance Pool Pooling risks from across a certain population can minimize premium variances between groups and premium fluctuations per group.
Missouri Fines TPA Over $100,000 According to a recent press release from the Missouri Attorney General’s, Broadspire and Specialty Risk Services, settled with their office
WCRI North Carolina Workers Comp The North Carolina Workers Comp paid per claim figures astonished many in the workers comp community. When I first read
Term Of The Day – Personnel Risk Refers to risks to a company’s operations that either concern or are caused by personnel. Personnel risk includes:
Retrospective Rating Requires Great Work Comp Risk Management A retrospective rating is an individual risk rating plan that is an optional plan. Both the employer
Term Of the Day – Terrorism Risk Insurance Act A Terrorism Risk Insurance Act of Worker Comp.Federal law signed into law by President Bush in
Term Of The Day – Associate In Claims The Associate In Claims designation (that I possess) is sponsored by the Insurance Institute of America (IIA).
Term Of the Day – Case Management Case Management in the Workers Comp arena used to mean rehabilitation nurses or vocational experts that aid the
Comments and Emails – Term Of The Day Thanks for the comments and emails from everyone on Workers Comp. We appreciate all the interest and
PEOs Are Great For Workers Comp But Not Every Time Workers Comp PEOs (Professional Employment Organizations) have gained a great amount of attention lately. Are
IBNR – Incurred But Not Reported Is An Estimate (Incurred But Not Reported) IBNR confused many in the WC community. When a policy of insurance
Term Of the Day – Reinsurance Aggregate (a) The dollar amount of reinsurance coverage during one specified period, usually a year, for all reinsurance losses
Term Of The Day – Annual Aggregate Deductible A collective type of deductible that can be used as a great risk management tool. The annual
Web Design in Raleigh By Redwood
