Survey more than 800 corporate counsel representing companies across 26 countries on litigation trends and issues and you get some insightful findings. Such is the case with the recently released Norton Rose Fulbright 2015 Litigation Trends Annual Survey. For example, class action lawsuits were listed as the top issue by respondents in the United States,...
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Actuarial Tool Adjusts for Climate Change
Insurance Information Institute (I.I.I.) chief actuary James Lynch on an innovative actuarial approach. It was a record-breaking rainy day in Colorado Springs when I attended a panel last month describing a new climate index the actuarial community is introducing. The 1.58 inches of rain that fell May 19 almost doubled the previous record for that day....
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Pride in Insurance
June is Pride month and our annual round-up of the latest insurance news around the LGBT (lesbian, gay, bisexual and transgender) community takes on added significance with today’s U.S. Supreme Court decision on same-sex marriage. The Supreme Court decision in Obergefell v Hodges means that the U.S. Constitution guarantees a right to same-sex marriage in...
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Storm Surge: The Trillion Dollar Risk
More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane-driven storm surge with a total reconstruction cost value (RCV) of nearly $1.5 trillion. The latest annual analysis from CoreLogic finds that the Atlantic Coast has more than 3.8 million homes at risk of storm surge in 2015 with a...
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More Preventive Health Services Approved For No-Cost Coverage
Photo: Courtesy London School of Hygiene and Tropical Medicine/Science Source The Affordable Care Act says that preventive health tests or services recommended by the U.S. Preventive Services Task Force have to be available to most insured consumers without any out-of-pocket cost. Since the law was enacted, the list of services that people are entitled to...
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Disaster planning: Are you ready for the worst?
insurance Is your household prepared for natural disasters? The official arrival of the Atlantic hurricane season, which traditionally runs from June 1 to Nov. 30, serves as an annual reminder to create a home inventory, assemble or replenish your emergency preparedness kit, revisit your home insurance or rental insurance coverage, and review your evacuation procedures....
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Friday catch-up
Gotta love the start of summer; hope your weekend is going to be filled with fun and family. But before you go, here’s what’s been going on over the past couple of weeks. First, your morning outrage…here’s the latest from the world of “how do we suck as much profit from employers and taxpayers as...
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Hospital prices are up. Way up.
And this means higher costs for those getting treatment outside of their core networks, and especially for work comp payers. While Medicare reimbursement has remained pretty level, hospitals have been busy raising their list prices by more than 10 percent over the last couple of years. This doesn’t really affect most patients as their rates...
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Is ACA affecting work comp medical waiting times?
Research to date says no. Equian’s Glen Boyle shared some research with me that indicates there doesn’t seem to be any delays in claimants getting physician appointments. Glen was following up on my post on NCCI’s research report at last week‘s AIS which also didn’t find any ACA-related delays. Here’s Glen: I tracked 10,000 claims for...
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The future isn’t coming; it’s here. And we are so unprepared.
Inspired by a stunning presentation by Accident Fund Director of Innovation Jeffrey Austin White and a terrific session at NCCI by Salim Ismail, I’m going to be posting occasionally on the future of workers’ comp. This future is one that is rarely discussed, mostly ignored, and often pooh-poohed. I’ve been involved in comp since 1988 –...
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