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

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 200

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 …

Liability 246

Liability Risk Underwriter Underwriting 246

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

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 Workers Comp Compensation 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

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 Agents Insurance Agent Agents Claim 279

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

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 Insurance Insurer 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

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.

Workers Comp 52

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

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

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

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 249

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

Distinguished

APRIL 9, 2025

Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. An MGA bridges the gap between insurers and distribution channels like agents, brokers, and online platforms, particularly in specialized insurance markets, such as hotels, landlords, or restaurants.

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Agents Broker-Agent Broker Underwriter 52

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

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 108

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 235

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

AMAXX

JANUARY 27, 2025

If you’re a service provider, broker care, captive manager, et cetera. It might be too many claims. It might be too many open claims. WC Mastery Training teaching injury management best practices such as return to work, communication, claims best practices, medical management, and working with vendors.

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Workers Comp Workers Compensation Injury Compensation 92

AMAXX

JULY 15, 2024

One of the most critical aspects of managing workers’ compensation claims is ensuring that injured employees receive prompt medical treatment. Understanding the importance of quickly reporting claims and reducing lag time is key to preventing such scenarios. Initially, this policy faced controversy and skepticism.

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Workers Compensation Compensation Claim Workers Comp 83

AMAXX

MARCH 18, 2025

These errors can have significant consequences, including prolonged recovery times, increased claims costs, and a greater likelihood of litigation. Her frustration led her to hire an attorney, which in turn increased claim costs and reduced her likelihood of returning to work. The only available provider was 70 miles away.

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Workers Comp Workers Compensation Injury Compensation 94

AMAXX

FEBRUARY 25, 2025

Once employers and adjusters understand the value of evidence-based medicine (EBM) in workers’ compensation claims, the next challenge is applying it effectively. EBM helps ensure that medical treatments align with standardized recovery timelines, reducing unnecessary disability durations and claim costs. All state laws vary.

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Workers Comp Injury Workers Compensation Claim 80

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 52

Risk Management Monitor

SEPTEMBER 21, 2021

With the cost of insurance for businesses rising across many types of coverage, staying on top of trends in the claims portfolio is more important than ever. For this reason, many insurers and TPAs promise to conduct claims reviews with their business customers on a regular basis, but the rigor can vary greatly.

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Claim Injury Workers Compensation Risk 75

AMAXX

FEBRUARY 4, 2025

These assignments help businesses manage claims costs, reduce lost workdays, and maintain workforce productivity. WC Mastery Training teaching injury management best practices such as return to work, communication, claims best practices, medical management, and working with vendors. All state laws vary.

Workers Comp 97

Workers Comp Workers Compensation Injury Compensation 97

Smart Insurance Agents

OCTOBER 16, 2024

A medical health insurance broker helps you choose the best health insurance plan tailored to your needs. Unlike agents tied to one insurer, brokers work with multiple companies to give you unbiased options. This article will explain how brokers operate, the benefits of using one, and how to find the right broker for you.

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Insurance Broker Broker Broker-Agent Out-Of-Pocket Expense 52

AMAXX

MARCH 24, 2025

Assignment of Classification Codes Initially, insurance brokers typically assign classification codes when securing coverage for employers. Brokers discuss the nature of the employer’s work to determine the most suitable code. You should consult with your insurance broker, attorney, or qualified professional.

Workers Comp 59

Workers Comp Premium Workers Compensation Compensation 59

AMAXX

FEBRUARY 18, 2025

Achieving a 90% return-to-work rate within 0-4 days is the gold standard for managing workers’ compensation claims, with best-in-class organizations reaching 95%+. WC Mastery Training teaching injury management best practices such as return to work, communication, claims best practices, medical management, and working with vendors.

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Workers Comp Injury Workers Compensation Compensation 91

AMAXX

JANUARY 13, 2025

Navigating workers’ compensation can be complex, with various parties working together to ensure effective claims management and cost containment. They are a vital entity, as they not only handle premium collections but also pay out claims to cover medical expenses and wage replacement for injured employees.

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Workers Compensation Compensation Workers Comp Broker-Agent 98