NCPRIMA Presentation on Cost Cutting – PowerPoint Slides

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NCPRIMA Presentation

My  NCPRIMA  presentation today at the Conference included these slides.   I am going to link the info in the slides to articles for better reference later this week.

Please note the presentation was on the first nine slides.

PowerPoint Slides

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Some of the slide information –   please feel free to use slides in your presentations – reference the url – thanks.

Analyze Trends Not Paperclips – the nitty gritty does not work here

– Identifying trends that impact cost

• Insurance carrier/TPA

• Adjuster

• Type of claim

• Accident type

• Body part

Access = $$$ The Value in Monitoring – A Few Minutes  A Day Is Require

–Online claims access – Full – always ask carrier or TPA for full access to everything including reserve increases

– 20% added value – when looking at bids for self insureds or premiums, full online access can be a major component when renewing

– Status reports – many carriers and TPA’s provide a two line status report.  This is the best way to monitor the claim without spending hours trying to figure out the status –

– Emailing adjuster – do not call adjusters, time waster, email saves time and is great documentation for employer and adjuster.   Save all emails for at least 10 years.

©J&L Risk Management Inc Copyright Notice

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James Moore

Raleigh, NC, United States

About The Author...

James founded a Workers’ Compensation consulting firm, J&L Risk Mgmt Consultants, Inc. in 1996. J&L’s mission is to reduce our clients’ Workers Compensation premiums by using time-tested techniques. J&L’s claims, premium, reserve and Experience Mod reviews have saved employers over $9.8 million in earned premiums over the last three years. J&L has saved numerous companies from bankruptcy proceedings as a result of insurance overpayments.

James has over 27 years of experience in insurance claims, audit, and underwriting, specializing in Workers’ Compensation. He has supervised, and managed the administration of Workers’ Compensation claims, and underwriting in over 45 states. His professional experience includes being the Director of Risk Management for the North Carolina School Boards Association. He created a very successful Workers’ Compensation Injury Rehabilitation Unit for school personnel.

James’s educational background, which centered on computer technology, culminated in earning a Masters of Business Administration (MBA); an Associate in Claims designation (AIC); and an Associate in Risk Management designation (ARM). He is a Chartered Financial Consultant (ChFC) and a licensed financial advisor. The NC Department of Insurance has certified him as an insurance instructor. He also possesses a Bachelors’ Degree in Actuarial Science.

LexisNexis has twice recognized his blog as one of the Top 25 Blogs on Workers’ Compensation. J&L has been listed in AM Best’s Preferred Providers Directory for Insurance Experts – Workers Compensation for over eight years. He recently won the prestigious Baucom Shine Lifetime Achievement Award for his volunteer contributions to the area of risk management and safety. James was recently named as an instructor for the prestigious Insurance Academy.

James is on the Board of Directors and Treasurer of the North Carolina Mid-State Safety Council. He has published two manuals on Workers’ Compensation and three different claims processing manuals. He has also written and has been quoted in numerous articles on reducing Workers’ Compensation costs for public and private employers. James publishes a weekly newsletter with 7,000 readers.

He currently possess press credentials and am invited to various national Workers Compensation conferences as a reporter.

James’s articles or interviews on Workers’ Compensation have appeared in the following publications or websites:

  • Risk and Insurance Management Society (RIMS)
  • Entrepreneur Magazine
  • Bloomberg Business News
  • WorkCompCentral.com
  • Claims Magazine
  • Risk & Insurance Magazine
  • Insurance Journal
  • Workers Compensation.com
  • LinkedIn, Twitter, Facebook and other social media sites
  • Various trade publications

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