Monthly Archives: <span>April 2015</span>

Ohio to Implement to New Workers’ Comp Premium Billing System

A new billing system will change how private businesses pay their workers’ compensation premiums in Ohio. The Columbus Dispatch reports employers will be able to pay estimated premiums for the following coverage year in two, four, six or 12 installments …

New York’s MTA to Get $1B Loan for Commuter Rail Safety

The Metropolitan Transportation Authority, the nation’s largest commuter rail network, is on track to receive a nearly $1 billion federal loan for safety improvements meant to avoid a repeat of a 2013 derailment that killed four people, New York Gov. …

Proactively Identifying and Managing Back Claims May Reduce Costs by 33%

A combination of sophisticated predictive analytics and early, expert medical assessment can significantly reduce the cost and duration of workers’ compensation back claims, according to new research released by York Risk Services Group, a claims management, managed care and risk …

Widow Sentenced to 4 Years for Connecticut Mansion Arson

A widowed mother of two from Florida has been sentenced to four years in prison for burning down her former million-dollar home in Connecticut for the insurance money. The Connecticut Post reports that 39-year-old Amanda Azevedo pleaded with a state …

Texas All Risk General Agency, Inc. Awarded Exemplary Agent by Nautilus Insurance Group

Dallas, TX, April 29, 2015 – Texas All Risk General Agency, Inc. has been awarded the rare distinction “Exemplary Agent” by Nautilus Insurance Group (a W. R. Berkley Company). Nautilus gives this designation to only two 2 MGAs per year. …

Endurance Specialty Holdings Appoints Engel as Chief Claims Officer

Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property/casualty insurance and reinsurance, appointed James Engel as chief claims officer with responsibility for the overall strategic direction of the company’s global claims operation. Engel joins Endurance with significant experience leading …

Evidence-Based Medicine Trumps Medical Imaging in Reducing Costs in Workers’ Comp Claims

When it comes to workers’ compensation claims, low back injuries are the most costly musculoskeletal condition representing 20-25 percent of all loss, according to an analysis of Lockton claims. Further analysis of claims over $250,000, indicate they represent 25 percent …

Aon Releases Latest Top 10 Global Risk Survey Results

Cyber risk lands in the top ten for the first time in Aon’s latest global risk survey, according to Aon Risk Solutions. Damage to brand and reputation was cited as the top overall concern facing global organizations, further underscoring the …

Nationwide Automates Auto Hail and Dent Repair

Ohio-based Nationwide Insurance has announced a more efficient way to estimate hail damage—Automated Mobile Hail Estimating. The program was piloted last year after a catastrophic event and will be rolled out across the country as an optional service in the …

Experts Gathered in Nepal to Discuss Quake Prep A Week Before it Hit

Nepal’s devastating earthquake was the disaster experts knew was coming. Just a week ago, about 50 earthquake and social scientists from around the world came to Kathmandu, Nepal, to figure out how to get this poor, congested, overdeveloped, shoddily built …