Workers' Comp

Mitchell, a provider of technology, connectivity and information solutions to the property & casualty claims industry, announces enhancements to the SmartAdvisor Utilization Review (UR) Decision Manager, a solution that integrates utilization review decisions within the bill review process, empowering insurance claims payers with the ability to reduce unauthorized treatment...

With the two largest rating bureaus making big changes in the workers' comp arena, agents chances to outsmart the competition have perhaps never been better.

Medical costs per workers compensation claim with more than seven days of lost time are rising faster in Virginia than in other states that were part of a 16-state study, according to the Worker Compensation Research Institute.

Although workplace violence is viewed as crimes committed by disgruntled coworkers and spouses, the reality is that homicides in the workplace resulting from robberies to the business are more common, but well below levels shown in the mid-1990s, according to a study by NCCI.

The good news for property and casualty insurers is that 2012 should see positive rate momentum. The bad news is that insured-exposure growth will not likely be a contributing factor to premium growth, according to a Keefe, Bruyette & Woods analysis.

Standard & Poors Ratings Services warns that signs are pointing to more unprofitable years for the U.S. workers compensation insurance market and downgrades could be in the future if there is no improvement.