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March 2021

How Microcaptive 831(b) Arrangements Were Disrupted This Month

One of the long-awaited captive decisions by the US Tax Court was issued this month.  The microcaptive 831(b) arrangements industry may need to look in the mirror very soon.  This makes four major US Tax Cases that could not have been worse for captives, specifically microcaptives. Ever since I attended

My COVID-19 Vaccination – Among The Everyday Heroes

My COVID-19 Vaccination And The Heroes That I Met Check out my COVID-19 Vaccination Photos Below – Click on the pics to see a larger version Why I Decided to Write On My COVID-19 Vaccination I had promised numerous friends, colleagues, and blog readers that I would post on my

WCRI 2021 State of the States Presentation – The Past Rules

WCRI 2021 State of the States: Selective Findings The WCRI 2021 State of the States was extremely informative as it has been every year that I have attended the conference. Speakers: Bogdan Savych, Ph.D., Rebecca Yang, Ph.D. Dr. Savych compared much of what happened in the current pandemic with the

Back To Work During A Pandemic For The Employee – Another Look

Back To Work – Considerations And Qualifications Going back to work is like a process of healing. A sick person needed medicine to be healed same as the workers that need to go back to their work. They needed a job to sustain and fulfill their daily needs. Workers have

WCRI COVID-19 Impact and Effect on Claims and Medical Treatment

WCRI COVID-19 Session – Assessing the Impact Impact of COVID-19 and the Shutdown on Claims and the Delivery of Medical Care WCRI COVID-19 Session – Speakers: John Ruser, Ph.D., Olesya Fomenko, Ph.D. Dr. Fomenko covered much ground very quickly in her presentation.  She is probably one of the best presenters

WCRI Session That I Attended – Shocking Topicals Numbers

WCRI Session – Off-Label Prescribing and the Effects of Opioid-Related Policies WCRI Session Speakers: Vennela Thumula, PhD, Bogdan Savych, PhD The data from this WCRI (Workers Comp Research Institute) session yesterday provided indications of shocking increases in topicals.  The session also pointed out that the effects of state opioid-related policies

WCRI 2021 Virtual Conference Next Week – For Data, Reports And More

WCRI 2021 Virtual Conference -Definitely Worth It The WCRI 2021 Virtual Conference will be broadcasting on March 23rd and 24th.  This is a great way to spend two afternoons if you have the time.  I always learn something from their PhDs. Three of my favorite researchers will be presenting their

It’s All About Workers Compensation And How Does It Work

 Knowing About Workers Compensation The Workers Compensation is workmen’s compensation before it changed due to the equality of workers, to make it neutral. Workers’ Compensation is the insurance paid by the company that is paying and providing medical benefits to their employees who are injured or got injured after doing

Workers Comp Algorithms – Who Is Pushing the Model Buttons?

Workers Comp Algorithms – How Far Have They Progressed? The panel discussion yesterday with Frank Pennachio covered one hot topic – Workers Comp Algorithms. I do agree that almost everything in existence today has an algorithm attached to it. All one has to do is pick up their smartphone.  You

Panel Discussion With Frank Pennachio – Academy of Insurance 50% Off

A Conversation with Frank Pennachio – See below. I usually try to stay away from advertising any company’s services – that what this blog has been known for is no advertising.  During the aftershow after my Kawasakian presentation last month, George and Patrick asked me a few additional questions when

Workers Comp Subrogation Claim – Very Old Reserves Still Open

Very Old Workers Comp Subrogation Claim – Loss Run Says Open – Why? A new blog and newsletter reader asked this question last week after reviewing their Loss Runs – we have a very old workers comp subrogation claim open after seven years – will that affect our Experience Mod

COVID-19 Vaccination Reaction Claims- Compensable In Texas?

Texas Says Report COVID-19 Vaccination Reaction Claims (Work-Related) In reading various Workers Comp publications – yes, I do that in the evenings, I came across an article in Business Insurance Work Comp News that caught my eye.   The Texas Department of Insurance released a memo on March 2, 2021, that

Home Ergonomics Advice Reduces Workers Comp Costs

Home Ergonomics Advice Learned From Recent Webinar Recently, I viewed (or should it be attended?) a webinar on home ergonomics advice from TeamErgo that is owned by Mindy Smith.  I have seen her present at least five or six times over the last 15 years.  If you contact her, she

Workers Comp Predictive Analytics Changed Loss Run Reviews Forever

Workers Comp Predictive Analytics – Do Not Ignore Old Open Claims One of the big changes with loss run reviews started with the carriers and now the whole insurance industry not ignoring the old open claims. Workers Comp predictive analytics has changed how old open claims are evaluated in underwriting.

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