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May 30, 2024
Wanna play Minecraft in real life? A new immersive attraction called Minecraft Experience: Villager Rescue launched in September.
October 7, 2021
Long Tail Experience Mods From 20 Year Business Cycles A Good Idea, Long Tail Statistics When I first reviewed a few of the long tail definitions, many ....
July 7, 2021
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May 14, 2021
Workers Comp Delayed Medical Treatment Increases Opioid Prescriptions, Increased Opioids From Workers Comp Delayed Medical Treatment – WCRI A recent ....
April 26, 2021
How Workers Comp Claim Development Works There are two steadfast rules in Workers Comp ratings. They are: Your policy does not show up in your Experience Mod until the following year. Yes, the claim totals are delayed for one year. For example – your 01/01/2019 – 01/01/2020 policy will not affect your companys Mod until 1/1/2021 – 1/1/2022. The very important UNIT STAT Date is 07/01/2020 – when the claim values peg to the NEXT years Mod. The reason for the six-month delay is cal...
March 15, 2021
03/15/21 Very Old Workers Comp Subrogation Claim – Loss Run Says Open – Why? A new blog and newsletter reader asked this question recently after reviewing their Loss Runs – we have a very old workers comp subrogation claim open after seven years – will that affect our Experience Mod – why is it not closed? Public Domain – Republic of Armenia $350,000 Claim Open – Lets Look at the Why Many Workers Comp carriers leave the claim open as it generates a large number of claim notices ...
March 9, 2021
03/09/21 Workers Comp Predictive Analytics – Do Not Ignore Old Open Claims One of the big changes with loss run reviews started with the carriers and now the whole insurance industry not ignoring the old open claims. Workers Comp predictive analytics has changed how old open claims are evaluated in underwriting. Public Use Wikimedia License – Keepscases Years ago, I wrote numerous articles that pointed to only considering claims that were going to be fed into the Experience Mod system. I ...
February 12, 2021
02/12/21 Upset Reader Says Experience Mod Increases – Loss Run Had No Changes One noticeable complaint tread from our article and newsletter readers recently comes from Experience Mod increases while their companys loss runs show no changes. Wikimedia Public Use License – Hellisp Many of them have become clients to have J&L examine their loss runs compared to the Experience Mod increases. By the way, WTR is a clean replacement for WTF. It is Whats The Reserve? Two Quick Definitions Exp...