SACRAMENTO, Calif. (AP) — California’s insurance commissioner on Thursday ordered nearly 50 auto insurers to provide detailed information about their claim costs during the pandemic, his latest attempt to compensate consumers he says were overcharged as traffic virtually disappeared when …
The workers’ compensation line is unlikely to generate a profit this year and may not recover in 2021, an insurance industry economist said during a webcast Thursday. Steven N. Weisbart, senior vice president and chief economist for the Insurance Information …
The insurance industry has made great strides in embracing and implementing technology to go beyond customer service and create the customer experience. The result? Higher policyholder retention rates, shorter claim cycles and reduced claim costs. To maintain these results, the …
The second Workers’ Compensation Research Institute study released this month concludes that medical treatment for injured workers costs more and prices are growing faster in states that don’t have fee schedules. WCRI reported Thursday that in 30 states without fee …
In the workers compensation space, not only have claim costs increased because of medical issues, but the landscape has also become much more complex. Along with the elevated incidence of fraud, economic fears, and a growing dependency on prescription drugs, …