Education/Certification EMERGING TRENDS FEATURED Homeowner/Renter/Auto INDUSTRY NEWS P&C Recent Stories Workers Comp WRIN.tv Newswire GDP, Cyber, Flood, Technology, Talent and more on III radar heading to 2019 The uptick in GDP has had a positive impact on the insurance industry, according to Laura Favinger, Chief Administrative Officer for the Insurance Information Institute (III). In the first half of 2018, insurance carriers nearly doubled their net income over the same period in 2017. The III sees exposures broadening a bit due to business development, consumer consumption and construction, … Read More
WRIN.tv Newswire Price competition fuels favorable market conditions…advantage still with insurance buyer – Lockton. KANSAS CITY, Mo., Dec. 13 2016 /PRNewswire/ — A new update from insurance broker Lockton shows it’s still a buyer’s market in commercial insurance. Major changes have created strong competition, ample capacity and lower prices during the past several years. Lockton’s December 2016 P&C Market Update shows that the competitive landscape continues, as does a soft market. Merger and acquisitions, … Read More
WRIN.tv Newswire New Workers Comp Study Identifies Differentiators of Higher Performing Claims Organizations CHICAGO, Nov. 16, 2016 /PRNewswire/ — For the first time in its four year history, the annual Workers’ Compensation Benchmarking Study identifies which claims best practices are generating better outcomes. Findings from the just published 2016 study reflect results from a nationwide survey of 492 claims leaders who report on methods that drive success in their organizations. To date, nearly … Read More
WRIN.tv Newswire AmTrust Financial Services Enters Agreement to Acquire AmeriHealth Casualty Insurance Company AmTrust to build presence in workers’ compensation in Pennsylvania and New Jersey NEW YORK, Oct. 28, 2016 (GLOBE NEWSWIRE) — AmTrust Financial Services, Inc. (Nasdaq:AFSI) (the “Company” or “AmTrust”) today announced that the Company has entered into an agreement to acquire AmeriHealth Casualty Insurance Company (“AmeriHealth Casualty”) from Independence Health Group, Inc. (“IHG”) for approximately $90 million in cash. The … Read More
Corporate Risk Management/ERM P&C WRIN.tv Newswire Mixed commercial insurance market still favors buyers: Willis Towers Watson report ARLINGTON, VA, October 26, 2016 — The marketplace for property, casualty and other lines of commercial insurance will continue to favor insurance buyers in 2017, particularly those with comprehensive strategic risk management and risk transfer strategies, according to global advisory, broking and solutions company Willis Towers Watson’s (NASDAQ: WLTW) 2017 Marketplace Realities report. The report, published today, serves as a … Read More
Claims Management COMMERCIAL RISK FEATURED Legislation/Regulation Workers Comp ACA hits Workers Comp insurers with Medicare reimbursement requirements…and fines for non-compliance The Affordable Care Act (ACA) is transforming the healthcare and health insurance industries. Here Jessica Smythe, a Medicare Secondary Payer Act Compliance Consultant with ISO Claims Partners, discusses how the ACA is also affecting workers compensation. Ms. Smythe says the impact of the ACA on Medicare and Medicaid is far-reaching. A large portion of the ACA was designed to curb … Read More
Claims Management COMMERCIAL RISK FEATURED Recent Stories Workers Comp Obesity, reclassified as a disease, will have major financial implications for Workers Comp At the RIMS Conference in New Orleans, MaryRose Reaston, the Chief Scientific Officer and Founder of Emerge Diagnostics, discusses the major issues related to workers comp claims, the reclassification of obesity as a disease and baseline testing. According to Ms. Reaston, the three biggest issues affecting workers comp claims including determining and accepting claims that only arise from the course … Read More
COMMERCIAL RISK Recent Stories Workers Comp Physicians dispensing drugs flout restrictions…driving up workers comp costs – WCRI Eighteen states have enacted reforms that put limits on the expensive practice of doctors writing and dispensing prescriptions from their office. Here, Dongchunn Wang, an Economist at the Workers Compensation Research Institute (WCRI), reviews a WCRI study that exposes ways physicians go around the restrictions. According to Ms. Wang, physicians are prescribing and dispensing drugs to their patients at their … Read More
