Indemnity benefit duration of obese workers’ compensation claimants is over five times longer than non-obese claimants, a new study says. The National Council on Compensation Insurance says it compared obese claims to comparable non-obese claims, matching all claim characteristics exactly except for age at injury. The matching claims were then analyzed using a model that accounts for the possible nonlinear influence of age. read more..
Wednesday, June 20, 2012
NCCI Study: Obesity Tied to Workers Comp Indemnity Benefit Duration
Indemnity benefit duration of obese workers’ compensation claimants is over five times longer than non-obese claimants, a new study says. The National Council on Compensation Insurance says it compared obese claims to comparable non-obese claims, matching all claim characteristics exactly except for age at injury. The matching claims were then analyzed using a model that accounts for the possible nonlinear influence of age. read more..
Monday, June 18, 2012
Contempt for Court and Other Governmental Entities
From Obamacare to PIP Reform
Having been a social worker and serving in Army hospitals during the Vietnam War, after which I tried my hand at selling medical insurance, I have acquired some vague understanding of the medical insurance world and its costs. read more..
Sunday, June 17, 2012
Proving Fine Art Damage: It’s All in the Details
To Maximize Subrogation Recoveries, Pay Attention
Fine art losses come in many shapes and sizes. Often, fine art is a relatively minor component of a homeowner’s or commercial property claim. Occasionally, however, damaged art represents the vast majority of a claim. You may have heard of the story in 2006 about casino mogul Steve Wynn, who accidentally poked a hole in his own Picasso painting, “Le Rêve,” which he had previously agreed to sell to another collector for $139 million. Given the impact of the damage on the painting’s value, Wynn decided to keep the painting after conservation. read more..
Saturday, June 16, 2012
Red Flags: Digging Deeper in Claims Investigation
Auto give ups, stolen vehicles, arson, padded injuries, inflated medical bills, drug diversions, and disability exaggerations are just a few of the scams that play out in the insurance arena daily. read more..
Friday, June 15, 2012
Analyzing Art Losses
To save or not to save? This is often the question asked after a piece of artwork has been badly damaged. The answer may not be clearly apparent to the owner or claims handler. A damaged item that may appear” hopeless” to the untrained eye may actually be an excellent candidate for conservation. While other items that do not “look that bad” do not justify conservation efforts. read more..
Thursday, June 14, 2012
Wednesday, June 13, 2012
The Blake Scale: A New Rating System
Eloquence and Efficacy in Claims Documents
People are forever using the phrase, “On a scale from 1 to 10, with 1 being the least…” because it offers a range by which the listener or reader can judge the relative importance of a particular example. read more..
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