Classification By Analogy The term Classification by Analogy is one of those workers comp buzzwords that generates a large number of emails and call to us. The term is usually mentioned by a workers comp auditor or rating bureau. One of the challenges of classification is when there is
States Vary Greatly in Work Comp Outpatient Hospital Charges – WCRI The Work Comp outpatient hospital charges for even a minor procedure have become very expensive over the last 10 years. The Workers Compensation Research Institute (WCRI) released a study today which indicates great variability between states and with the
Virginia Medical Fee Schedule Passed By House and Senate A new Virginia medical fee schedule is in the works. One of the last holdouts on not having a fee schedule is going to have one January 2018. I was actually shocked that a Virginia medical fee schedule was not in
Are Work Comp Premium Audits Only Correct 25% Of The Time? We review Work Comp premium audits for employers as one of our core services. J&L Risk Management Consultants has been reviewing work comp premium audits for over 20 years. We have analyzed enough data in our premium reviews to
Work Comp Schedule Ratings Backed by FSU Research Some of the Work Comp Schedule Ratings produced by NCCI, WCIRB, and other rating bureaus now have science to back the Schedule Debits or Credits. The definition of Schedule Ratings can be found here. A recent study by Florida State University has
North Carolina Work Comp Subrogation Re-re-reverses Course The subject of North Carolina Work Comp subrogation has frustrated carrier and Third Party Administrator claims staffs over the years. This case could be a model for changing subrogation laws in other states – possibly. One of my concerns is that Workers Comp
The 10 Most Dangerous Jobs vs. Their Loss Costs A 10 Most Dangerous Jobs list was produced by Careercast this week. I thought I would try to compare the list of jobs with the corresponding Classification Code and Loss Costs to see how well they match. This effort may turn
Business Insurance Closed – Update – They Are Back Open Business Insurance was always a great publication that I read for many years. They had recruited some of the best reporters in the business. I referenced their information occasionally when I wrote my articles. Stephanie Goldberg was one of my
West Virginia Rates Are Falling Again The West Virginia rates for Workers Compensation have received another reduction recommendation by NCCI. West Virginia is one of states that decided to covert from a State Fund to an open market for Workers Comp insurance. NCCI has recommended a rate reduction for the
A Great Example of Workers Comp Math The crazy world of Workers Comp math has driven many people batty. Why? Last week, I wrote an article that pointed out no one claim can wreck your Workers Comp Experience Mod. A few readers contacted me in reference to my quote
Cutcompcosts.com Upgrades Website Access and Readability We at Cutcompcosts.com are now happier campers, so to speak. Two years ago when we switched from Blogger to WordPress, we hired a company to convert the posts. Unfortunately, most of the posts ran together and caused accessibility problems for certain companies and individuals.
Experience Mod Question From Article Reader The Experience Mod system- while seemingly complicated and full of penalties – has a built in algorithm that keeps one very serious claim from ruining your insurance budget. In fact, your Mod for next year will not be affected whatsoever by the one big
Dave DePaolo Was Such A Great Person I met Dave DePaolo in 2003 through an associated Workers Comp company. We met in the WorkCompCentral offices in Camarillo. For more on what happened to Dave and the memorial services , please see this WorkComp Central article. I was going to stay
