2022 Workers Comp Self-Insured Resolutions – Post-Pandemic(?) The 2022 Workers Comp self-insured resolutions should be looked at as a bridge from the pandemic to the post-pandemic era. Over the last 13+ years including 2021, I have written articles on workers comp resolutions. Our self-insured clients and article/newsletter readers always remind
2022 Workers Comp Resolutions – A Few Major Changes The 2022 Workers Comp resolutions have changed from the 2021 resolutions. I have written resolutions for almost 15 years. As with the whole Workers Comp industry, the resolutions have changed a little, but not substantially. Keeping to the below resolutions will
2021 Self Insured Workers Comp Resolutions COVID Caused A Few Changes Most New Year’s Resolutions come from altering the resolutions from last year. The 2021 Self Insured Workers Comp resolutions will be no different. Keeping the resolutions from last year and adding a few changes for COVID should suffice for
2021 Workers Comp Resolutions – Huge Change From 2020? The 2021 Workers Comp resolutions began with waiting until all the election cycles had been completed from 2020. I usually crank out the resolutions in December of the prior year. With so much occurring in forgettable 2020, these resolutions were the
2020 Self Insured Workers Comp Resolutions – Not Changing Success The 2020 Self Insured Workers Comp Resolution centers around sustaining success in your program and fixing a few issues that may be costing you dearly. Some of these resolutions come from the old resolutions. Search self-insured resolutions for suggestions from
2020 Workers Comp Resolutions – Starting With A Clean Slate Your 2020 Workers Comp resolutions begin with the obvious – start the list now in late 2019. I usually build off the previous years’ lists. Next week, I will publish a list for self-insureds. This year let us start with
2019 Self Insured Resolutions Come From Prior Years The 2019 Self Insured Resolutions analysis follows the same path as the voluntary market 2019 resolutions published last week. Follow these links back to look those over for your 2019 resolutions: 2016 Self Insured Resolutions 2017 Self Insured Resolutions 2018 Self Insured
2019 Workers Comp Resolutions – Did You Keep Yours From 2018? Your 2019 Workers Comp Resolutions likely consist of redoing your 2018 resolutions. Yes, it is that time of year to examine your old resolutions and add on a few more. A resolutions article has appeared in the Cutcompcosts.com articles
Top 10 2018 Self Insured Resolutions The Top 10 2018 Self Insured resolutions are based on the 2017 and 2016 resolutions. Searching the world resolution in the search box at the top right of the page bring us a long list of resolution articles. The 2017 resolutions were: Obtain and
2018 Workers Comp Resolutions Are 2017 Refinements My 2018 Workers Comp Resolutions must start with, of course, the 2017 Resolutions. BTW, Self Insureds will be on the dais next week. So, let us get to it. The thirteen 2017 resolutions were: (sorry if you have triskaidekaphobia). Understanding the mechanics of
Top 10 Self Insured Resolutions – 2017 and Beyond The self insured resolutions for 2017 is an update of the last three years. I used to write resolutions for the voluntary marketplace only until a friend of mine asked about self insured resolutions. Many of the recommendations center
Top Ten Work Comp New Years Resolutions 2017 The Top Ten Work Comp New Years Resolutions 2017 started a few years ago . I have updated them each year. You can find those resolutions here using this search inside the J&L Risk Management articles. There are
Workers Comp Self Insured Resolutions The Workers Comp self insured resolutions were originally written in 2013. Yesterday, the overall resolutions for WC were updated for 2016. You may want to follow the link to the old article for reference. I am often reminded by our self insured clients
Workers Comp Resolutions – 2016 Version My recommended workers comp resolutions for 2013 were updated in 2014. For some reason, I did not update any workers comp resolutions in 2015. The updated resolutions from the 2014 article were: Having online claims access is the best and up-to-date way to track
Workers Comp Self Insured Resolutions – Updated for 2014 Five 2013 Workers Comp self insured resolutions have been updated for 2014. When talking about Workers Comp premiums, self insureds are often left out in the cold. Self insureds do not pay premiums for Workers Comp. This actually exposes the self insured
Workers Comp Resolutions Updated for 2014 Most Workers Comp Resolutions can change each year as do personal resolutions for the New Year. Workers Compensation’s basic underpinnings really do not change that much each year. Below are the 2013 Workers Comp Premium Saving resolutions with a few updates for 2014.
Seven Premium Audit Resolutions The seven premium audit resolutions to reduce stress are below. As the premium audit season rolls around every year, I usually post quite a few articles on the subject. The reason that this time of the year is called premium audit season is that most
Workers Comp Self Insureds – Great Way To Start The Work Comp New Year Five new years resolutions for Workers Comp Self Insureds are listed below. .When talking about Workers Comp premiums, self insureds are often left out in the cold. Self insureds do not pay premiums for Workers Comp.
Workers Comp Premium Saving Resolutions Workers Comp Premium saving resolutions are always a great way to start the New Year. There are six easy workers comp premium saving resolutions below. These will work for companies of all sizes. Six Workers Comp Resolutions for Self Insureds will be covered next time.
Top 10 WC Premium Reduction Resolutions The New Year is up on us. The following is a list of New Year Resolutions for Workers Compensation premium reduction strategies. This list was generated from over 16 years of data that I compiled from clients and the general Workers Compensation marketplace. 1. My
Workers Comp New Years Resolutions – Kicking The New Year Off Right Your New Years Resolutions for Workers Comp are listed below. Now that the New Year is upon us, I was trying to think of the resolutions that employers might have to save on their Workers Comp premiums. As an
Did Workers Comp Pay COVID-19 Claims – Holiday Question One of the questions that many of my relatives and friends from the southwest ask me was to see how did Workers Comp pay COVID-19 claims? Most of my relatives and friends never have been that concerned about Workers Comp. They
NCCI and WCIRB – Two Recent COVID-19 Differences Many times on this website, comparisons have been made between NCCI and WCIRB rules. NCCI is the Workers Compensation rating bureau that covers 41 states with its HQ in Boca Raton, FL. The WCIRB is the California Workers Compensation rating bureau. I
Recent Pandemic Workers Comp Adjuster Turnover Phenomenon I do not like to write any articles on how the pandemic has affected anything now that we are hopefully in a post-pandemic phase. A Workers Comp adjuster turnover trend spiked in early 2020. When I wear my workers comp consultant hat, I
Increased Opioids From Workers Comp Delayed Medical Treatment – WCRI A recent WCRI (Workers Comp Research Institute) webinar showed that workers comp delayed medical treatment results in a higher level and longer treatment with opioids. The chart below from the presentation says it all. I will explain what the chart
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
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
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
Workers Comp Claims Adjusting – Do It Now on New Claims The Workers Comp claims adjusting for new claims is over in 48 hours. I know – sounds like a bold statement. The old paradigm used to be 24 hours. I am giving the adjusters a break. Many of my
Workers Comp COVID-19 Vaccination Claims – Who’s on First? Today, I decided to check on how Workers Comp COVID-19 vaccination claims are being handled by claims adjusters. Most of the adjusters had some sort of handle on how to investigate and adjust claims that involved COIVI-19. The states have now
Advocacy Model vs. Workers Comp Adjuster Goals – A Point Missed? Did I miss The Point – Maybe? I recently attended a webinar provided by the National Workers Comp and Disability Conference where some of the Workers Adjuster goals were compared to the expectations of claims management. Two of my
Premium Audit Payroll Numbers Now More Important Than Ever Why is the Workers Comp Premium Audit payroll accuracy more important in 2020? Yes, the COVID-19 pandemic may reach into your premiums more than you or your company may have anticipated. Let us look at the basic components of your Experience
Offshore Micro Captives Dropped Off IRS Dirty Dozen List – Why? Over the weekend, I was combing through my workers’ comp reading list. I almost dropped my laptop when I saw the headline that Offshore Micro Captives were not named to the IRS Dirty Dozen list. For context, I had
Carriers Providing Workers Comp Premium Refunds Due To Coronavirus Shutdowns? One of the most common questions we received since March from employers – Are carriers providing Workers Comp premium refunds due to the COVID crisis? Is there a formula to know how much we are receiving? Are states mandating carriers
Workers Comp Medical Network Penetration Means Higher Use – NCCI Study A recent NCCI Study indicates that a higher Workers Comp medical network penetration rate results in a higher rate of utilization. Check out the study here on their website. The study reads as a little complicated, but bear with
WCRI Prior Recession Report Shadows The COVID Economic Situation WCRI Prior Recession Report and COVID comparison Dr. Savych has published many reports on the post-return-to-work attitudes of injured employees. I received this email today from WCRI. The report may be worth a look. WCRI also offers a free medical pricing
Missouri Workers Comp Medical Treatment 304% More Expensive Than Health Insurance I forgot to finish this article on Missouri Workers Comp medical treatment that I started at the WCRI Annual Conference two weeks ago. The comparison is still worth examining for medical costs. NCCI (National Council on Compensation) Insurance headquartered
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 Comp and Health Insurance policy answered the round-the-clock coverage concerns. The California Carpenters Union/Association initiated a carve-out program that looked attractive. That concept quickly progressed
Insurance and Workers Comp Markets Anchor Investment Concern How can Workers Comp markets sustain any effect from China selling off US Treasuries? Check my earlier articles on this very subject at this link. Take a look at this chart from the Feds on to see if this situation is true.
Workers Compensation Reserves – Lowering Them Can Be Difficult The Workers Compensation reserves on a file naturally generate controversy. Why is there so much discussion on them? How can you have a great conversation with your claims adjusters? A workers compensation claims adjuster’s daily activities include 12 more important
Philippines and Thailand Do Have Policies in Place – My Workers Compensation Error A Workers Compensation error was made by me on one of my old posts. I had to correct the error once I realized that many Asia countries had Workers Compensation coverage. Even the countries that are
It is now time for the WCRI 2018 Conference live blogging. Please excuse any typos. I am doing this live while the conference is proceeding. If you want to check out any of the blogging live conferences I have done check here. Thursday WCRI 2018 Conference Schedule Dr. Erica Goshen
North Carolina Supreme Court Ruling On Medical Treatment Denial After Initial Acceptance The North Carolina Supreme Court has ruled on denying a medical condition after the claim was accepted. The link to the decision can be found at the end of this article. The file is in PDF format.
WCRI 2017 Conference – Complete First Day Live Blog Morning Sessions of WCRI 2017 Conference – Please excuse any typos, etc. This is a live conference blogging. It will be updated every 10 minutes. Dr. John Ruser – CEO Launching new website next week. New Logo Grand
Trans-Pacific Partnership Agreement Page 4343 How is Workers Comp Affected? The Trans-Pacific Partnership Agreement (TPP) is now the new buzzword in the political arenas. The controversial agreement was just released yesterday. How many times does it appear in the TPP? Will it affect WC? Actually the TPP only mentions
Reforms – WCRI Conference Reforms – WCRI – States – Texas, Pennsylvania, Oregon and Florida presented on the effects of reforms that were enacted in each respective state. Texas- 270 insurance companies 2.2 billion in direct written premiums Texas had pre-reform- High medical costs– over-utilization Poor Return to Work outcomes
Workers Comp Audit Question Blog Readers Ask Workers Comp audit questions are emailed or called in to us quite often. I was unable to cover all the questions over the last few months. A few of the questions are listed below with answers. There are links to other
Loss Development Factor Critical For Self Insurance Do I need Loss Development Factor? Loss Development Factors (LDF’s) are one of the under-the-radar parts of the Workers Compensation system. This was a question received last week by a reader that found the blog on Google. LDF’s can be thought of very
California SB 863 California SB 863 was supposed to be a cost-cutting measure for all parties involved in their WC system. Last week, the WCIRB (Workers Comp Insurance Rating Bureau) recommended a 6.7% increase due to a number of factors for policies effective January 1, 2015. According to the
Cutting Workers Comp Costs Has New Key Added For Clarity The subject of cutting workers comp costs added an obvious 6th addition to the list. In 1989, I originally wrote and presented on what I thought were the Three Keys to Workers Compensation Savings. I wrote the three from
E-Mods X-Mods of 1.0 Needed To Bid On Government Contracts E-Mods X-Mods risk concerns have caused many governmental units to now require a Mod at a certain level as a minimum requirement to do business with them. One of the main calls and emails that we have received over
Final Workers Comp Policy Bill Comes From The Premium Audit The final Workers Comp Policy bill results directly from premium audit. I received a question late last night on the last article I wrote on Deposit Premium. The question – (paraphrased) was: We paid a very large deposit premium
Workers Compensation Deposit Premium <> Final Policy Bill We are starting to notice a trend between your company’s initial deposit premium and the final premium audit bill. The deposit premium is just that – a deposit to bind coverage. We hear from many company owners and risk managers
THE SIX SECRETS TO SAVING WC PREMIUM $ J&L Risk Management Consultants now has Six Secrets to saving on Workers Comp premiums. Two additional terms have been added to the list over the years. The original four were the bedrock of J&L’s in-depth analysis on how employers can save work
These definitions are designed for use when dealing with any WC insurance personnel, especially when renewing your WC policies. A – B – C – D – E – F – G – H – I – J – K – L – M – N – O – P – Q – R – S – T –
Largest Workers Comp Concern Today Seen As Split Points The Split Points became the Largest Workers Comp concern presently. I am presenting at the North Carolina Mid State Safety Council conference tomorrow. A few weeks ago I was contemplating what would be the largest concern for safety, human resource,
Conundrum – Accident In State With No Coverage An employee has an Accident In State with no coverage under the workers comp policy (uh-oh). Yesterday, we had a case of an employer in a non-coverage conundrum due to an employee being injured out-of-state. Would the AZ Workers Comp carrier pay
New Policy Ombudsman – Addie Wong The new policy ombudsman for CA’s WCIRB is Addie Wong. She was recently named the new ombudsman for the California Workers Compensation Insurance Rating Board (WCIRB). I thought I would add in her introduction letter and the functions of the Ombudsman position. Introduction
WC Medical Fee Disputes The procedure for Workers Comp medical provider fee disputes has changed. You can find the link here or the new rules are published below. You will need a PDF reader to view the document. You can also print this blog post. I tried to make the
Auto and Workers Comp Accident Premium Comparison A reader recently asked – Does a Workers Comp accident and an auto accident affect the policyholders’ premiums in the same manner? The answer is yes and no. Let us look at some of the similarities and differences. Workers Compensation and auto accidents
WCMSA = Federalization of Workers Comp? The CMS WCMSA requirements could be the first steps in federalization of Workers Comp. The last paragraph should be of concern to any carrier, employer or TPA. CMS can change the rules as they see fit as I read it. What happens if they
Workers Compensation Safety Programs – Best Way To Save $$$ Workers Compensation safety programs are always worth the expended funds. One of the areas that employers seem to sharply decrease their budgets during economic downturns is safety. As Treasurer of the NC Mid State Safety Council, I can attest
Term Of The Day – Maximum Medical Improvement In most cases, Maximum Medical Improvement (MMI) is assigned by a treating physician when an injured employee’s condition has stabilized to the point that no major change is expected in his medical condition, despite continuing medical treatment. After MMI is assigned, the payment
Term Of The Day – Carve Out Workers Comp Carve Out tis a hybrid benefit package that applies to just the Workers Comp Policy. An option allowed in some states, including California, where an employer and the union for the employer’s workers agree to collectively bargain a separate schedule of
Term Of The Day – Aggregate Excess Insurance This type of insurance is critical for Workers Comp self insureds. Even if a self insured has no large claims, a substantial number of claims can be devastating to their insurance budget. Aggregate Excess Insurance places a limit on the amount an employer
Reserve Reduction Plan And The Unistat Date I wrote last week on the timing and deadline for having your Workers Compensation reserve reduction plan in place. If your company has not begun with the plan, you are throwing away Workers Compensation Dollars. If your renewal date is January 1, you
Workers Comp Self Insureds Have an LDF The LDF (Los Development Factor) equates to the E-Mod for self insureds. I have posted a few times in the past on Self Insureds thinking they are out of the Workers Comp E-Mod system. Actually, nothing could be further from the truth. I
Hazards Increase Work Comp Premiums Most hazards cause workers comp premiums to increase eventually. Any condition that increases the chance that there will be a loss. Hazard exist in every workplace. Examples could be improper storage of office supplies which contain chemicals, or a slippery floor in a kitchen. Recognizing
Workers Comp Takes Another Step Toward Federalization All Workers Comp takes another step towards being a federalized. Check out the Want Ad for the Federal Insurance Office Director Job. According to the NY Times, a new job was posted that indicates the seriousness of establishing the Federal Insurance Office. The
Term Of The Day – Loss Development Factor The Loss Development Factor also is known as LDF is an element used to adjust losses to reflect the Incurred But Not Reported losses (IBNR) under the retrospective method of rating. Where I have seen LDF’s used the most are for Workers
I Am Going To Agree With Insurance Companies Rarely do I completely agree with casualty insurance companies on a broad subject. This is one time that I have to make an exception. I do agree that insurance carriers do not pose a systemic risk to the US financial systems. Systemic
10 Things To NOT Do Concerning Premium Audits With premium audits, there are 10 things we recommended not doing at all. As most Workers Compensation policies renew on January 1st of each year, I thought I would post on what NOT to do from the time that the premium
WCMSA – How Workers Compensation Became Federalized The WCMSA rules by The Center For Medicare/Medicaid services (CMS have been in place for years. I received a large number of questions on the subject of Workers Comp Medical Set Asides (MSA’s). The previous article on MSA’s was the most popular article
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 of the most popular questions we receive is “Our E-Mod is low and we have had no accidents. How can our premium have increased so
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 handling a Workers Comp Self Insured Program. They are/were correct. I am going to post a few blogs on self insurance over the next few
Ohio Workers Comp Changing With Recent Court Decision The Ohio Workers Comp lawsuit result indicated a bad result for the monopolistic carrier. I had posted on this situation November 22nd. If a judge can grasp why the state cannot artificially structure the Workers Comp premium rates for Ohio business, why
Top 10 Workers Comp Questions We Are Asked Most Often The top 10 workers comp questions received by us since we opened for business in 1996 cover many topics. 1. I just had a payroll audit on my Workers Comp. My insurance carrier sent me a huge bill. Do
Correction To Your E-Mod Can Be Difficult and Delayed Your E-Mod can be corrected. The deck is stacked against you when you want to correct your company’s Workers Compensation Experience Mod. The reasons: You can correct what has happened with your credit experience far into the past. You cannot, and
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