Search
 

Post-Termination Claim Investigations

It is clear that the time has come for both carriers and self-insured entities to adopt specialized means by which to investigate post-termination claims and address this emerging crisis head-on.

By Aaron Bergman | Updated on May 04, 2009

It’s all but impossible of late to tune into any news broadcast that isn’t dominated with stories documenting the grim state of the U.S. economy. Those of us who investigate workers’ compensation claims in the field became aware of this phenomenon some time ago, based on signs that have been in clear evidence for well over two years. The looming recession was especially apparent in both the construction and hospitality industries.

The measuring stick, for our purposes, has been group layoffs and the escalation of post-termination claim filings that currently dominate the claim industry. Now that the downturn in the economy appears to have reached a state of critical mass, it is clear that the time has come for both carriers and self-insured entities to adopt specialized means by which to investigate these claims and address this crisis head-on. The following strategies will ensure the control of company loss ratios and will also aid in curtailing the associated ripple effects that often accompany post-termination claim filings during recessions.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.