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IBNR

Radium Girls Horrific Injuries Occupational Disease Laws Beginning

The Radium Girls and Occupational Disease Laws The term Radium Girls represents a defining moment of Occupational disease laws for Workers Compensation.  Occupational disease calculations have been the bane of many actuaries and underwriters. The  Incurred But Not Reported (IBNR) injuries are extremely hard to estimate in the area of

Scariest Claims of All – IBNR Can Be Frightening – Happy Halloween

IBNR Can Be Frightening To All Parties  IBNR (Incurred But Not Reported) can be one of the most frightening aspects of the Workers Compensation system as a whole.  I often hear the term bandied about in WC “techie talk” conversations.  All parties in the WC system need to be aware

Is IBNR Incurred But Not Reported Accurate Figure?

What Is Incurred But Not Reported Incurred But Not Reported (IBNR)- An estimate of the amount of an insurer’s (or self-insurer’s) liability for claim-generating events that have taken place but have not yet been reported to the insurer or self-insurer. The sum of IBNR losses plus incurred losses provides an

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