Solstice Insurance Broker

JANUARY 23, 2025

As an insurance broker, you can be the compass your clients need. Key Takeaways : Brokers should stay informed to empower their clients. Key Takeaways : Brokers should stay informed to empower their clients. Brokers should advocate for clients year-round, assisting with claims and policy updates.

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Out-Of-Pocket Broker Insurance Broker Deductible 100

Insurance Journal

JULY 22, 2024

This edition of International People Moves details appointments at insurance broker WTW and the re/insurer Everest Group. A summary of these new hires follows here. WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, as Garrard Becomes Chair Insurance …

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Risk Insurance Broker Broker Claim 264

AMAXX

MARCH 18, 2025

Many companies operate under an unwritten rule: accept every workers compensation claim, no questions asked. A well-managed workers compensation program should pay 100% of legitimate claimsand 0% of the claims that arent. Employees come to believe that every claim will be accepted, regardless of the circumstances.

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Workers Compensation Compensation Claim Workers Comp 71

AMAXX

MARCH 4, 2025

Research has shown that fear of being fired is one of the top predictors of negative claim outcomes, including increased litigation rates and extended time off work. By understanding the role fear plays in workers compensation claims, employers can implement strategies to foster trust, improve outcomes, and reduce costs. Heres how: 1.

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Workers Compensation Compensation Claim Workers Comp 82

ProWriters

MAY 20, 2025

On the other hand, its becoming a powerful tool for insurers, helping to assess risk, detect fraud, and streamline claims. So, where does this leave Cyber Insurance brokers? More scrutiny on claims, as regulators push for clearer definitions of cyber risk coverage. Somewhere between opportunity and uncertainty.

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Insurance Journal

NOVEMBER 5, 2024

Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …

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Liability Risk Underwriting Underwriter 246

Insurance Journal

MARCH 24, 2025

This edition of International People Moves details appointments at insurance broker Marsh and the insurer Markel. A summary of these new hires follows here. Marsh Promotes Russell as Global Head of Wholesale, Meah as Head of Strategy, Global Placement Marsh, …

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Claim Insurance Broker Broker Insurance 186

AMAXX

MAY 6, 2025

Employers struggling with first-year injuries, high turnover, or repeat claims often have something in common: a reactive hiring process. This also ensures compliance and reduces liability for wrongful injury claims. Theyre moving fast, skipping steps, and taking on avoidable risk. But what if hiring was treated like risk management?

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Workers Comp Claim Injury Workers Compensation 84

Top Insurance Blogs

JUNE 10, 2025

Are you aware of your business insurance claim and how to make use of it? And what are the steps for filing a business […] The post What You Need to Know About Filing a Business Insurance Claim appeared first on My Top Insurance Blogs.

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Insurance Claim Business Insurance Claim Property Damage 52

AMAXX

FEBRUARY 24, 2025

However, there are times when the NCM doesn’t serve a specific purpose and is assigned to the claim to get it moving. Ask your third-party administrator or adjuster to work with you to determine when nurses are needed to resolve claims quickly and ensure good-quality medical care for employees. All state laws vary.

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Workers Compensation Compensation Workers Comp Claim 66

AMAXX

FEBRUARY 17, 2025

However, implementing strong communication strategies can significantly improve claim outcomes and reduce unnecessary legal battles. The 2014 Predictors of Worker Outcomes Study surveyed 4,800 injured workers across 12 states and found that fear of being fired was a major predictor of poor claim outcomes.

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Workers Comp Claim Workers Compensation Injury 66

AMAXX

MARCH 10, 2025

Proper layoff planning isn’t just about handling employment transitions; it’s crucial for controlling claims costs and ensuring that resources are available to support genuinely injured workers. Enhance Claims Handling Capacity Prepare for an uptick in claims by adding staff who can handle the additional workload effectively.

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Workers Comp Claim Workers Compensation Injury 59

Distinguished

APRIL 21, 2025

However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. For brokers and agents, understanding landlord insurance in Chicago is crucial for helping clients safeguard their investments while expanding business opportunities.

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Broker Liability Broker-Agent Building 52

AMAXX

MARCH 10, 2025

In the first part of our series, we emphasized the importance of thoughtful layoff planning to mitigate the risk of increased workers’ compensation claims following a workforce reduction or facility closure. Accurate documentation provides critical evidence in validating claims and defending against those that may be unrelated to work.

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Workers Comp Claim Workers Compensation Injury 59

Insurance Journal

OCTOBER 20, 2024

As if it were yesterday, I vividly remember going to my first catastrophic fire loss with my dad at the young age of nine. It was a house fire in Sarasota involving a resident falling asleep with a lit cigarette.

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Insurance Agent Insurance Agents Agents Claim 279

AMAXX

MAY 19, 2025

The workers compensation system may feel like a complex web of insurance premiums, claims adjusters, and legal disputesbut at its core, its rooted in one simple idea: a compromise. Small companies especially found themselves at risk of being put out of operation entirely after just one major injury claim.

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Workers Comp Injury Workers Compensation Claim 89

AMAXX

OCTOBER 1, 2024

When managing workers’ compensation, a claim audit or review is a crucial opportunity for employers, carriers, TPAs (Third-Party Administrators), and brokers to come together and optimize claim-handling practices. Here’s how to effectively plan and prepare for a successful claim audit or review.

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Workers Comp Claim Workers Compensation Compensation 102

AMAXX

APRIL 30, 2025

When a workers compensation claim spirals into a costly, prolonged, or litigated nightmare, most people instinctively look for a technical failure: late paperwork, a coverage issue, or a misstep by the claims adjuster. The real reason many workers comp claims go off the rails? And guess what?

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Workers Comp Claim Workers Compensation Injury 59

Insurance Journal

AUGUST 18, 2024

After losing two bids to recover $15 million from its insurer for costs related to its failed legal defense of its admissions policy, Harvard University has now failed in a bid to hold its insurance broker Marsh responsible. A federal …

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Insurance Broker Broker Policy Insured 278

AMAXX

OCTOBER 7, 2024

Claims audits and reviews are one of the most commonly used tactics by companies to control workers’ compensation costs. In fact, according to the RIMS 2009 Annual Benchmark Survey, 90% of companies had conducted a claim audit or review of at least some of their claims within the previous six months.

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Workers Comp Claim Workers Compensation Compensation 105

AMAXX

MAY 22, 2025

In the high-stakes world of workers compensation, the moments following a workplace injury can define the entire outcome of a claim. Claims cost, duration, employee trust, litigation riskit all hinges on whats said (or not said) in those first few minutes. The average claim duration also plummeted: Negative response: 33.5

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Injury Workers Comp Workers Compensation Claim 98

Property Insurance Centre

FEBRUARY 24, 2025

How a Liability Claim Can Ruin Your Business And How to Protect Yourself No matter how well you run your business, a single liability claim can have devastating consequences. The Financial Toll of a Liability Claim A lawsuit can lead to crippling legal expenses, compensation payouts, and increased insurance premiums.

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Liability Protection Claim Property Insurance 52

AMAXX

MARCH 11, 2025

Effectively managing workers compensation requires careful oversight and proactive measures to identify and prevent fraudulent or exaggerated claims. Surveillance serves as a powerful tool in validating claims, protecting your organizations financial health, and ensuring resources are dedicated to genuinely injured employees.

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Workers Comp Claim Workers Compensation Injury 52

AMAXX

JANUARY 21, 2025

By setting clear expectations, these guidelines help manage claims efficiently, promote recovery, and ensure equitable treatment for injured workers. Injury Duration Guidelines provide a standardized approach to assessing claims, reducing the variability that can arise from subjective decision-making.

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Workers Comp Injury Workers Compensation Compensation 98

AMAXX

JUNE 3, 2025

While much attention is given to claims handling, medical coordination, and return-to-work strategies, the foundation of a successful claim is built long before the incident takes place. That emotional state is one of the top reasons claims escalate, litigation occurs, and costs rise. They dont need to wonder, Am I on my own?

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Injury Workers Comp Workers Compensation Compensation 88

ProWriters

OCTOBER 2, 2024

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. What Is a Cyber Insurance Broker? Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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Insurance Broker Cyber Broker Protection 86

AMAXX

MAY 26, 2025

But beneath the surface lies an intricate, interconnected web of stakeholders, each playing a unique role in managing the outcome of the claim. Insurance Carrier The carrier underwrites the policy and carries the financial risk for claims (in guaranteed cost programs). Workers compensation isnt a solo actits a team sport.

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Workers Comp Workers Compensation Injury Claim 66

Insurance Journal

DECEMBER 2, 2024

announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired the UK-based operations of Caytons Law LLP. Caytons is a claims and legal management firm … Gallagher & Co. Terms of the transaction were not disclosed.

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Claim Risk Broker-Agent Broker 247

AMAXX

APRIL 23, 2025

Efficient management of workers’ compensation claims significantly impacts both employee recovery outcomes and organizational costs. Intervention Identification: Recognize when additional claims management or medical interventions are necessary.

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Injury Workers Comp Workers Compensation Claim 83

AMAXX

NOVEMBER 5, 2024

Successfully settling workers’ compensation (WC) claims can significantly reduce costs and streamline processes for employers and insurers. By adhering to a proven four-step process, organizations can consistently achieve better claim outcomes. One key trigger is the injured worker reaching medical stability.

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Workers Compensation Compensation Claim Workers Comp 105

Insurance Journal

DECEMBER 18, 2024

Washington Insurance Commissioner Mike Kreidler issued fines totaling $576,500 against insurance companies, agents, brokers and unlicensed entities in October and November of 2024 for violations of state insurance laws and regulations. The fines included $100,000 levied against PacificSource Health Plans …

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Broker-Agent Broker Agents Insurance Companies 242

Neilson Marketing Services

NOVEMBER 4, 2024

For retail insurance brokers and MGAs, a well-built insurance website isn’t just about aesthetics; it’s about credibility, generating leads, and staying competitive. Google My Business (GMB) Profile: Claim and maintain your GMB page to boost your local search presence, especially on mobile.

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Insurance Broker Building Broker Broker-Agent 110

Insurance Marine News

OCTOBER 3, 2024

Join Us The post Drug gang used commercial ships and Chinese money brokers, claim Italian police appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

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Commercial Broker Claim Marine 59

Insurance Journal

FEBRUARY 3, 2025

announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired W K Webster & Co Ltd. W K Webster specializes in marine and transit claims … Gallagher & Co. Terms of the transaction were not disclosed.

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Claim Marine Risk Broker-Agent 233

American Agents Alliance

JULY 17, 2024

Every part of the insurance lifecycle is changing in the digital age, including the handling of claims. Agents and brokers play important roles in the digital claims management process, from educating policyholders on loss mitigation to helping insureds file claims and work with their insurers.

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Broker-Agent Broker Agents Claim 52

AMAXX

JANUARY 27, 2025

Legacy claims that linger unresolved. Use diagnostic questions to analyze your current WC program: Are claims reported within 24 hours? What is the status of open or legacy claims? Implement a culture of immediate claim reporting: Ensure claims are reported within 24 hours. Lack of supervisor training.

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Workers Comp Injury Workers Compensation Claim 94

AMAXX

MARCH 24, 2025

FREE DOWNLOAD: “Workers’ Comp Claims Review Checklist: 9 Must-Have, Serious-Impact Elements” To effectively manage this process, detailed record-keeping is essential. You should consult with your insurance broker, attorney, or qualified professional. All rights reserved under International Copyright Law.

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Workers Comp Premium Workers Compensation Compensation 104