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June 2013

E-Mods X-Mods Government Cracks Down on Higher Risk Companies

E-Mods X-Mods of 1.0 Needed To Bid On Government Contracts E-Mods X-Mods risk concerns have caused many governmental units to now require a Mod at a certain level as a minimum requirement to do business with them.   One of the main calls and emails that we have received over

Delaware Requires Employers Start Great Risk Mgmt Technique

Delaware Requires Employers  Job Lists To Treating Physician The State of Delaware requires employers to initiate a great risk management technique.  Return to work is one of the Five Keys To Saving On Workers Comp $.  I have been writing, presenting, and blogging on these Five Keys for over 25

Health Insurance Less Expensive Than Workers Comp For Medical Treatment

WCRI Study – Health Insurance Medical Treatment More Economical Than Workers Comp The health insurance vs Workers Comp medical treatment costs have long been a concern for employers, carriers, and TPA’s.  Medical costs for Workers Compensation claims have always been seen as very expensive when compared to Health Insurance.  WCRI

What Workers Comp Publications Do I Read? – Some Secret, Some Not

Workers Comp Publications That I Use For Ideas I have often been asked during presentations and in general conversations on what Workers Comp publications do I read to produce the blog? Most of the blog is original content, with no advertising from any source.  Yes, most of the blog is

Late Reported Claims Info = Increased Mod and Premium

Late Reported Claims Info by Carrier Can Cause E-Mod Increase Increased Mod and Premium were due to Late Reported Claims Info from insurance carrier employer. We received this emailed in question over the weekend.  The business owner was not very happy about receiving a policy amendment and bill during the

NY Says Captives Are Shadow Insurance; NAIC Moodys Others Disagree

NY Says Captives Are Shadow Insurance Captives for Workers Compensation and other types of Shadow Insurance have long drawn scrutiny – sometimes undeservedly.  This week, the Superintendent of the New York State Department of Financial Services.said that captives were nothing more than shell games and all state insurance departments should

Federal Insurance Office (FIO) Report Looks Familiar

Federal Insurance Office The Federal Insurance Office (FIO) was created as part of the Dodd-Frank bill.  The FIO is part of the Treasury Department.  The description on the US Treasury website describes the FIO as: The Office monitors all aspects of the insurance industry, including identifying issues or gaps in

NCCI Says PEO’s Questionable Reputation Not Deserved

NCCI Says PEO’s Questionable NCCI says PEO’s questionable reputation. PEO’s (Professional Employer Organizations) have long received somewhat of a bad rap from many different sources.  However, we have found them to be extremely helpful in aiding our clients in finding Workers Comp coverage in a difficult insurance market. PEO’s have

When Workers Comp Carriers Go Bad ? There’s Fund For That

Workers Comp Carriers Does the Workers Comp carriers go bad? Bankrupt companies and insolvent insurance carriers are part of doing business nowadays in the world of property/casualty insurance.  There are many reasons for this even though the “economy” is often blamed for every downturn.    Insolvent insurance carriers are usually

NIOSH Interested In Workers Compensation Data – Federalization?

NIOSH Interested In Workers Compensation Data NIOSH (National Institute For Occupational Safety and Health) which is part of the federal government (Center for Disease Control) recently announced they were beginning to collect Workers Comp data.   John Howard MD Director announced that Workers Comp costs the US over $250 billion.

Physician Fee Schedules NCCI Conducts 31 State Study

Physician Fee Schedules Studied By NCCI The National Council on Compensation Insurance (NCCI) recently published two studies on the effects of fee schedules on physician charges.   These were supposedly the first studies that analyzed this specific type of data.  However, the Workers Compensation Research Institute (WCRI) has performed similar



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