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Mistake: Accepting Every Workers’ Compensation Claim

AMAXX

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. Fight Fraud and Exaggerated Claims Workplace injury fraud is a significant cost driver in workers compensation.

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Falling Work Comp Rates: The Good, the Bad, and the Ugly

R&R Insurance

On October 1, 2024 Wisconsin continued its trend entering a ninth consecutive year of reduced workers compensation insurance rates. Workers compensation rates are state mandated in Wisconsin, meaning all insurance carriers must use the same rates resulting in premiums from one carrier to another are basically the same.

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Workers’ Comp Is a Team Sport: Understanding the Puzzle of Stakeholders

AMAXX

Workers compensation isnt a solo actits a team sport. It All Starts with the Employee and Employer At the core of the workers compensation system lies the Grand Bargaina historical compromise where employees gave up the right to sue in exchange for wage loss and medical benefits after a workplace injury.

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Navigating the Turbulent Waters of Casualty Insurance: Insights from Industry Experts

Zywave

” If you don’t have the opportunity to check out the full webinar, read on for key insights from the discussion and actionable advice for insurers, brokers, and policyholders. While it’s critical insurance carriers, brokers, and policyholders understand the market, its just as important they know what to do about it.

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Why Reporting Small Claims Pays Off in ERA States

AMAXX

When it comes to workers’ compensation, small claims might seem harmless. Many employers wonder: “Why report a $1,000 medical bill to the insurance carrier if we can just pay it ourselves and keep our experience mod low?” After all, fewer claims mean fewer red flags on your insurance history—right? Not always.

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Why We’re Still Talking About the J&J Class Action ERISA Lawsuit

R&R Insurance

However, the plaintiff lacked standing based on this injury because a favorable decision would not be able to compensate her for the money she already paid, given that she had reached her prescription drug cap for each year asserted in the complaint. Click here to read more.

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The Hidden Cost of Bad P&C Insurance Data — And Why You Can’t Build a Reliable Dataset In-House

Neilson Marketing Services

property and casualty (P&C) insurance ecosystem: Over 714,000 professionals are employed in the P&C industry. Approximately 2,500 insurance carriers employ an additional 519,000 professionals. The Scale of the Challenge Before diving in, consider the scope of the U.S. Mistaking premium volume for revenue.