April 2021

WCIRB Over-reserving Correction- California Update

WCIRB Over-reserving Correction – Rating Bureau Helps Out Employers – Wow! The Webinar Info Is at the bottom of this article California’s Workers’ Comp Insurance Rating Bureau provides a great assist to employers. The WCIRB over-reserving correction algorithm helps employers greatly.  Kudos to them – read on to see how

IRS Opens Promoter Investigations Office for 831(b) Micro Captives

IRS Opens Promoter Investigations Office For 831(b) Micro Captives The 831(b) micro captives industry received more news this week from the US Treasury Department.  The IRS opens promoter investigations office to: coordinate efforts across multiple business divisions to address abusive syndicated conservation easements and ‘abusive micro captive insurance arrangements as

Workers Comp Claim Development – Long Six+ Month Wait

Workers Comp Claim Development – Why The Six Month Delay?  The Workers Comp claim development process has frustrated more than a few insureds or agents. Every time that I publish an article on how claims are reported and tabulated by the rating bureaus (NCCI, WCIRB, and others), the same question

California AB 1465 CAMPN State Sponsored Medical Networks Debate

CAMPN – California AB 1465 Alters Workers’ Comp Medical Treatment Networks The term CAMPN – California AB 1465 is an Assembly Bill that proposes to increase the injured workers’ access to medical treatment.   The California Workers’ Compensation Institute (CWCI) published a study this month that possibly surprised quite a few

How Workers Comp Claims Pandemic Data Is Only 25% Correct

Workers Comp Claims Pandemic Data – Running With 1/4 In The Tank I recently brought this up in a Zoom(r) meeting.  A potential client wanted me to assist in building a Workers Comp claims pandemic model.  They were aghast when I said that only approximately 1/4 of the data is

AIC Designation Changes – One Major Modification To Study Guides

AIC Designation Changes – ARM Also Affected – Important One of the most detrimental AIC designation changes was pointed out to me over the last two weeks.  I received numerous calls and emails that the Jack Keir for Success program had dropped any insurance designations. The AIC (Associate in Claims)

My Three Favorite Articles That Hooked My Attention – Must Read

All About My Three Favorite Articles In reading articles, I may say that all of them hooked my attention. But actually, I have my three favorite articles that I can say are worth it to read. Or when time goes by, it may bring the lesson we’ve learned from those

Coronavirus Vaccine Journey – Second Act – Over in 30 Minutes

Act II of my Coronavirus Vaccine Journey – Quick and No Problems My coronavirus vaccine journey started on St. Patrick’s Day.  Check out that article here.  The booster shot occurred yesterday.  Obtaining the second vaccine was much easier.   The first vaccine took two hours to complete. This one took 25

How Workers Comp Weekly Rate Is Calculated – Temporary Total Disability

Workers Comp Weekly Rate for TTD – The Basics Workers Comp weekly rates for TTD in all states are calculated differently. Workers are all deserving of the benefits beyond their efforts to work on time. They need financial help from their employers while they are suffering from injuries that they

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