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LMI activates our Catastrophe Response Plan

Prof. Allan Manning

Having attended every major natural catastrophe as LMI since 1999, both LMI Group and Aequum Adjusters have activated their respective Catastrophe Response plans putting in place the resources required to respond to the expected claims from Cyclone Alfred.

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Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss

Insurance Journal

The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5 million loss …

Agents 290
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People Moves: Aon Taps Thomas From Lloyd’s as Head of Lloyd’s Capital; McLarens Names 2 Leadership Appointments in Latin America

Insurance Journal

This edition of International People Moves details appointments at the broker Aon and claims services provider McLarens. Insurance broker Aon plc appointed Ed Thomas as head of Lloyd’s Capital within its Reinsurance … A summary of these new hires follows here.

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People Moves: WTW’s Risk & Broking Unit Names Marsh’s Clarke as President, Garrard Appointed Chair; Everest Names McBride, Garcia for Key Claims Roles

Insurance Journal

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

Risk 264
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How Lag Time Sabotages Claims—And What You Can Do About It

AMAXX

In the world of workers compensation, few factors have a more immediate and measurable impact on claim outcomes than lag time the delay between when an injury occurs and when it is reported to the carrier or third-party administrator (TPA). Beyond four weeks , claim costs jumped 31%. Here’s what you need to know. litigation rate.

Claim 71
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How Fear Impacts Workers’ Compensation Claims (and What to Do About It)

AMAXX

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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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. Employees come to believe that every claim will be accepted, regardless of the circumstances.