Know the Difference Between Lost Time and Medical Only Claims – Shades of Gray
One of the country’s largest Third Party Administrators (TPA) got into an embarrassing situation about a decade ago on the self-insured program of a Fortune 500 company. The embarrassing situation?...
View ArticleNEW YORK Workers Comp Board Tax Practice Ruled Unconstitutional
A state judge ruled New York’s Workers’ Compensation Board was unconstitutionally taxing financially sound insurance trusts. On April 14, acting state Supreme Court Justice Kimberly O’Connor ruled...
View ArticleThe Role of Self Insurance In Failing Economic Times
With the extended downturn in the economy, most workers’ compensation insurance companies find themselves with a combined loss ratio in excess of 100, which means they are losing money. When insurance...
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Could Your Texas Company be Large Enough to Self-Insure for Work-Related...
Nothing in the following article should be construed as legal advice. If your company is considering opting out of workers compensation in Texas, please consult with a Texas attorney who can guide you...
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Texas Division of Workers Compensation Approves 14 for Self Insurance
The Texas Department of Insurance, Division of Workers Compensation (TDI-DWC) approved one initial application and 13 renewals of certificates of authority, to self-insure for workers compensation...
View ArticleSelf-Insurance and High Deductible Plans Give Employers More Control
In pure self-insurance, an employer sets aside the money necessary to pay for all future losses. The amount of money necessary is calculated using actuarial information, insurance data, and the “law of...
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The Best Tidbits of News from the Workers Comp World
Here are the best Tidbits of news from the Workers Comp world this week: Broadspire® Donates $100,000 to the SOS Children's Village Broadspire, a Crawford Company and leading third party...
View ArticleHow The Alternative Market Can Reduce Your Workers Comp Costs
What is the Alternative Market? The Alternative Market or Alternative Risk Transfers (ARTs) are insurance programs that typically keep some part of the risk instead of transferring all of the risk...
View ArticleThe Alternative Market Can Give You Control In Workers Comp Savings
What is the Alternative Market? The Alternative Market or Alternative Risk Transfers (ARTs) are insurance programs that typically keep some part of the risk instead of transferring all of the risk as...
View ArticleExcess Insurer Reporting Standards for Work Comp Self-Insured
Self-insured employers seldom are totally self insured. Almost all self-insured employers will have an excess insurer who is responsible for any workers’ compensation claim that exceeds a predetermined...
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