US Supreme Court 831(b) – Captive Advisor Win Expands Beyond Workers Comp A recent US Supreme Court 831(b) micro-captive decision (unanimous) set a precedent that
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
Offshore Micro Captives Dropped Off IRS Dirty Dozen List – Why? Over the weekend, I was combing through my workers’ comp reading list. I almost
Offshore Financial Arrangements Including Micro-captives Still On Watch List Most micro-captives are a legitimate way to offshore the self-insurance of Workers Compensation benefits. The IRS
Micro Captives For Workers Comp – Viable Alternative Micro captives to cover Workers Comp losses is an interesting yet caveat-generating twist on an old subject.
IRS Takes Another Look at Offshore Captives A few years ago, I warned that the IRS was beginning to examine captive more closely – mainly
NY Says Captives Are Shadow Insurance Captives for Workers Compensation and other types of Shadow Insurance have long drawn scrutiny – sometimes undeservedly. This week,
NAIC Investigates Captives On A Whim? The NAIC investigates captives due to a recent newspaper article. I recently read an article on captives being investigated
Workers Compensation Captives – A Legitimate Yet Complex Alternative Workers Compensation Captives have come to the forefront as a possibly viable alternative for Workers Compensation
Captives for Workers Comp – Who Adjusts Your Claims Most Captives for Workers Comp should not overlook the claims administrator which will handle your claims.
Accident Year Experience The accident year experience differs from other types of experience measurement comparisons. The statistical matching of all losses occurring (regardless of when
Protected Cell Captives In my last blog post, I covered Protected Cell Captives under the Rent-A- Captive heading. I used to think this type of
Rent-A-Captives Types Rent-A-Captives are becoming more popular in Workers Comp as a method of risk transfer. Rent-A-Captives used to be viewed as hybrid arrangements that
Fronting Agreement Popular With Captives A fronting Agreement covers two types of “foreign” companies and insurers. In general terms, and usually for Workers Comp purposes,
Most Offshore Captives Look Much Better In Workers Comp Hard Market Most offshore Captives look great in a Workers Comp Hard Market. For many years,
News Is On Captives and The IRS I was a little slow to understand how captives worked when they first were written a few years
Workers Comp Captives – IRS Mulling Changes The Workers Comp Captives are the IRS news today. The blog post today was supposed to be about
Are Alternative Workers Comp Insurance Programs Great Choices? One of the most popular consultant assignments we receive starts with a question such as in the
Paying More Per Unit of Risk- Small Business Workers Comp Policies Where can I find small business Workers Comp coverage? Are there any less expensive
2023 Workers Comp Resolutions – Year of the Reboot The time is nigh for the 2023 Workers Comp resolutions. Last month we covered the 2023
Workers Comp Large Deductible Programs – 2023 Resolutions Every year J&L provides resolutions for regular voluntary market policies and self insureds. During a recent phone
2022 Workers Comp Resolutions – A Few Major Changes The 2022 Workers Comp resolutions have changed from the 2021 resolutions. I have written resolutions for
WCRI Report Shows That No Wisconsin Medical Fee Schedule = Higher Costs Workers Comp fee schedules tend to keep costs down in most states. A
PARIMA 2021 Conference October 25th – 29th, 2021 – International Risk Management How about international risk management? Yes, there is an organization for that. The
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
Workers Comp Predictive Analytics – Do Not Ignore Old Open Claims One of the big changes with loss run reviews started with the carriers and
2021 Workers Comp Resolutions – Huge Change From 2020? The 2021 Workers Comp resolutions began with waiting until all the election cycles had been completed
Carriers Providing Workers Comp Premium Refunds Due To Coronavirus Shutdowns? One of the most common questions we received since March from employers – Are carriers
2020 Workers Comp Resolutions – Starting With A Clean Slate Your 2020 Workers Comp resolutions begin with the obvious – start the list now in
Employers Cheat Themselves On Claims W/O Realizing It – Ways To Stop Now The four ways that employers cheat themselves on Workers Comp claims cause
24 hour Workers Comp and Health Insurance Policy Fades Away In 2006, the buzzword (flavor) of the year pointed out that a 24 hour Workers
Keep These Workers Compensation Numbers Close For Quick Access The first two main workers compensation numbers involve knowing where your worker’s compensation program is currently.
US Combined Ratio Falls Even Further to Historic Lows US Combined Ratio Results The US had its best Combined Ratio last year since the 1950s and
Workers Compensation Reserves – Lowering Them Can Be Difficult The Workers Compensation reserves on a file naturally generate controversy. Why is there so much
Article Reader Asks Good Basic Question on Guaranteed Cost Program What is a guaranteed cost program? Is that the type of policy I have in
Medical Treatment Networks – A Little Work Saves Big Claim Dollars Works For All Types of Employers And Provides Injured Workers With Top-Notch Treatment Workers
Captive Tax Advantages – Tax Court Ruling – One To Read NOW Some Captive tax advantages may have been eroded with a recent US Tax
Workers Compensation Reserve Increases 10 Ways To Cause Huge Reserves Most Workers Compensation reserve increases can be controlled by employers. Let us see how employers
Insurance Journal’s Insurance Academy Presentation by James J Moore The Insurance Academy that is part of the Insurance Journal invited me to do a free-form
US Congress Tax Bill Now Eliminates The Reductions on 401k 403b investment, BUT HOLD ON The US Congress Tax Bill that I mentioned last week
Progressive Insurance Workers Comp Commercial Mentions Replacing Injured Worker Progressive Insurance Workers Comp comment caught me a little off-guard with one of Flo’s(r) comments. The
Experience Mod Of 1.01 Can Negate Large Private or Government Contracts An Experience Mod of 1.01 does not necessarily indicate that a company operates unsafely.
Workers Comp Policy Info Should Be Kept Very Handy The Workers Comp policy info referenced includes: Policies All policy amendments or endorsements Loss Runs –
Jim Walter Homes’ Workers Comp Coverage Plan Workers comp coverage for a home builder that covers all employees including subcontractors can be an expensive option.
Workers Comp Hot Buttons Recycled Every Few Years – Yawn! The Top 10 Workers Comp hot buttons never seem to be new. The topics are
Is There Really A Workers Comp Tax? A Workers Comp tax is something that many people in Human Resources and Accounting Departments have to consider
Oklahoma Captive Program Grows The Oklahoma Captive program added 63 captives in the last two years. In 2013, Oklahoma had 11 captives. The explosive
Workers Comp Resolutions – 2016 Version My recommended workers comp resolutions for 2013 were updated in 2014. For some reason, I did not update any
China US Treasury Sell-Off Possible In 2020 The China US Treasury relationship cannot be ignored when covering any type of financial market. This is
AM Best TV – A Great Concept – Check It Out The new AM Best TV is a source that will provide interesting coverage of
Department of Labor v IRS – Subcontractors FLSA IRS guide to subcontractors FLSA vs Department of Labor. The FLSA (Fair Labor Standards Act) was enumerated
Captive RRG Legal and Regulatory Environment Captive RRG Legal and Regulatory Environment – I actually attended five different sessions on Day Two of the conference.
CICA Your Actuarial Report – Maximizing The Findings The CICA Your Actuarial Report covered much ground very quickly for captives. The exact title of the
Tis’ The Season For Claim Reviews Many articles have appeared in this blog on claim reviews. One of the best methods to keep abreast of
Converting to Self Insurance – New Tasks To Accomplish Converting to self insurance is a very popular option for many companies. We receive many inquiries
Top 10 Challenge Areas – The First Five The article on the Top 10 Challenges for Workers Compensation received a large amount of inter-buzz. Two
Areas of Challenge For Workers Compensation System = Future A very great list of the Top 10 Upcoming Challenge For Workers Compensation was published recently
WCRI Study Oklahoma recently enacted new rules for opioid use as 8% of the general population were long term users of painkillers. WCRI recently performed
Workers Compensation Hard Market Preparation and Solutions Employers need to know how to prepare for a Workers Compensation hard market. China’s upcoming cash crunch may
Six Ways To Leverage What Premiums Are Paid Out The six ways to leverage your Workers Comp premiums are listed below. Workers Compensation is almost
Fixes For Extremely High E-Mod Fixes for an Extremely High E-Mod are available if a company is patient. I received this question from a blog
Cutting Workers Comp Costs The idea of cutting workers comp costs is the bedrock of our company’s purpose. Workers Comp costs are increasing every day.
Assigned Risk Plans and Premium Bill Dispute Some assigned risk plans may become quite complicated as in the case of a reader that found themselves
The Great Premium Deals May Not Be Deals After All Do the great workers comp premium deals really save money? With prices rising (at least
Largest Workers Comp Concern Today Seen As Split Points The Split Points became the Largest Workers Comp concern presently. I am presenting at the
Five Ways To Prepare – Upcoming Split Point Reserve Changes by NCCI NCCI has already enacted the Split Point Reserve changes. In my opinion, the
The Modified Self Insurance Captives, large deductibles, and other types of workers comp modified self insurance are now gaining great importance due to the present
Experience Mods Decrease When NCCI Increases Primary Loss? The NCCI had reported Experience Mods will decrease for certain employers. One of the new twists
Alternatives To Traditional Workers Comp Insurance Policies Many alternatives to the traditional Workers Comp programs are available in today’s insurance marketplace. The trend is when
Five Ways A Bad Economy Affects Workers Comp A Bad Economy affects Workers comp premiums in varied ways. I have read a few articles on
10 Ways To Detect Workers Comp Program Failure Spiral Your WC program failure spiral usually cannot be reversed after a few years of spinning out
Medicare Set Aside Compliance Rules -A History and Analysis The Medicare Set Aside compliance rules begin with the MSA Memo from CMS. I have been
The Upcoming MSA Crisis Is an MSA crisis upcoming? I am not a Medicare Set Aside Agreement (MSA) expert. There are few people that actually
Is CMS Overpricing Workers Comp Future Pharmacy Benefits? Does the CMS inflate Workers Comp future pharmacy payouts? A trend in Workers Comp claim settlements
Workers Comp Success Bottom Line Measurements Workers Comp success (or failure) bottom line measurements are readily available for employers. I have read on a few
Assigned Risk Pool E-Mod With A Low E-Mod The Assigned Risk Pool looks like a failure even with a low E-Mod. I recently received two
Captive Reserve Question Concerning LDF’s A good question about Captive reserve from readers. I am responding to a question from Wayne on this post. I
Term Of The Day – Experience Account Experience Account refers to a provision in an insurance or reinsurance contract that, using some function of such policy
Payout Profile – Term Of The Day The payout profile or LDF are important to a company’s return on investment. This is becoming very important
Workers Comp File Reserves Important To Catch Up The Workers Comp file reserves important this time of year. I have posted over the last two
Pure Risk Is Not Gambling Pure risk keeps the insurance industry from being considered gambling. With a pure risk you have three situations: Chance of
CICA 2011 Conference – Tucson AZ was a learning experience I attended the CICA Conference this week in Tucson AZ. The conference provided a large
Term Of The Day – Pure Captive A pure captive is the most basic of all captive arrangements. In the case of a “pure” or “single
Term Of The Day – CICA CICA or Captive Insurance Companies Association is an association of risk managers formed to educate, inform, support and provide valuable
Term Of The Day – Aggregate Stop Loss Reinsurance The aggregate stop loss reinsurance is a type of reinsurance is becoming very rare and expensive. A
Term Of The Day – Insurer Sponsored Agency Captive These types of captives are sponsored by very large insurance carriers. They are almost a hybrid
Term Of The Day – Onshore Captive The onshore captive are a viable alternative to offshore captives such as Bermuda. The oldest and largest onshore
Vermont Workers Comp Ending? Will Vermont Workers Comp fade away? Vermont recently appeared on the radar for Workers Comp. The state had been relatively quiet
Term Of The Day – Earned Surplus Earned surplus for Workers Compensation insurance carriers, mutuals, captives, self-insureds, risk retention groups and captives, comes from the
Captive Insurance Arrangements I have not posted on captive insurance arrangements for many months. The last time I posted was when the IRS surprised me
For Late Payment Workers Comp Carriers Cancel Policies According to the Workers Comp it can carriers cancel policies for late payment of premium.We recently received
IRS Tips On Independent Contractor vs. Employee One of the most controversial subjects in Workers Comp is how insurance carriers charge employers the proper premiums
E-Mod And X-Mod System I have posted very often about how your company’s E-Mod /X-Mod can make or break your Workers Compensation insurance budget. One
Workers Comp Captive Insurance A question from one (and I love to hear from our blog readers) of our readers on Workers Comp Captive Insurance arrangements
Workers Comp New Years Resolutions – Kicking The New Year Off Right Your New Years Resolutions for Workers Comp are listed below. Now that the
Workers Comp Self Insureds Common Misconceptions I have heard from many self insureds that I do not post often enough about the trials and tribulations of
IRS Audit and a Workers Comp Audit – Comparison Many similarities exist between an IRS audit and a WC audit. I was actually asked a
Workers Comp Cost Savings = Employer Control How does the Workers Comp cost savings comes from employer control ? I have covered the ways that
Cutting Workers Comp Costs Even If You Have TPA Cutting Workers Comp Costs can be easily misunderstood in certain areas by almost everyone. Over the
Workers Comp Insurance Pools – Acting Like A Fully Self-Insured Workers Comp Insurance Pools were a great way to save on premiums in the past.
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