workers’ compensation News
Liberty Mutual Focuses on Developing Next-Gen WC Claims Management System
Liberty Mutual said it is developing a next-generation workers compensation claims management system in order to help maintain and boost its market share. "We're building a system that will help us ...
J&J Ordered to Pay Lower-Than-Expected $572M in Oklahoma Opioid Verdict
An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing painkillers, and ordered the drugmaker to pay damages of $572 ...
Property, WC, Liability Price Hikes Drive Up Total Cost of Risk for Businesses
Businesses and organizations paid nearly two percent more in 2018 than they did in 2017 to cover the total cost of risk. Reversing the trend of falling average TCOR per $1,000 of revenue seen from ...
2018 Reserves Year in Review: Can Workers Comp Continue to Drive the Gravy Train of Releases?
2018 marked the 13th consecutive year in which the industry saw favorable prior-year reserve development bolstering calendar-year underwriting margins. Total releases for last year came in at over ...
How AI Advances ‘No-Touch’ Resolution of Workers Compensation Claims: Opinion
Many human hours are needed to sort, analyze and process workers compensation claims—the vast majority of which are low in value.
The U.S. workers comp ...
Insurers Urged to Show Caution When They Pursue Recovery of Paradigm Fees
Paradigm Catastrophic Care Management offers what insurers crave: certainty in medical costs for workers compensation claims filed by catastrophically injured workers. For a set fee, the California ...
Is the IoT the Future of Workers Comp?
Internet of Things capabilities, already familiar to insurers from personal lines applications like auto telematics, are emerging in the workers compensation space through purpose-built monitoring ...
Pie Insurance Expands Small Biz WC Cover Into 5 New States
Pie Insurance disclosed it has gained regulatory approval to sell workers compensation insurance in a number of new states: Delaware, Indiana, Nevada, South Carolina and Virginia. Small business ...