This week in comp, August 15, 2016

This week in comp is a weekly digest of workers’ compensation news from around the country.

Texas Mutual news

Producers rate Texas Mutual among their top carriers
In a recent Buiness Insurance America (BIA) survey, producers rated Texas Mutual among their top carriers based on a range of factors, including competitive rates, automation capabilities and claims processing efficiency…MORE

Ward Group recognizes Texas Mutual’s financial strength
Texas Mutual was named among the 2016 Ward’s 50 P&C Top Performers. The award recognizes Texas Mutual’s financial strength and ability to keep its promises to Texas employers and their employees…MORE

Safety

5 tips for guarding against workplace violence

Texas Mutual safety expert Woody Hill advises employers to train employees on the warning signs of workplace violence and train them to respond appropriately in emergencies.

Texas Mutual safety expert Woody Hill advises employers to teach employees the warning signs of workplace violence and train them to respond appropriately in emergencies.

Most active shooter situations end in two minutes or less. That doesn’t leave much time for law enforcement to arrive or victims to protect themselves. This week, Texas Mutual safety expert Woody Hill appeared on an Austin news station and shared five tips for guarding against workplace violence…MORE

Infant death in Texas linked to Zika
Harris County recorded Texas’ first case of Zika-related infant death. The mother and baby are classified as travel-related cases, and there is no additional associated risk in Texas…MORE

When is Pokemon Go a no-go?
More than 75 percent of the population plays Pokemon Go. If you’re among them, remember that besides the cybersecurity risks associated with gaming apps, there are old-fashioned risks, including distracted walking and driving…MORE

Fraud

Fraud: To the moon and back…17 times

Employers can reduce stress by giving employees more control over their schedules. Click here for a short podcast on stress management.

Click here for a podcast on how to protect yourself from common insurance scams.

Fraud steals $80 billion across all insurance lines each year, according to the Coalition Against Insurance Fraud. If you put 80 billion $1 bills end-to-end, they would stretch to the moon and back about 17 times. Ultimately, everyone pays the price, even honest consumers…MORE

McAllen medical clinic operator pleads guilty in pill mill case
Muhammad Faridi, former owner of the McAllen Medical Clinic, faces a maximum statutory penalty of 20 years in federal prison and a fine not to exceed $500,000 for his role in a prescription drug distribution conspiracy. According to court documents, Faridi and his co-conspirators distributed and caused to be distributed at least 150,000 30mg oxycodone pills for no legitimate medical purpose…MORE

Underwriting

As active shooter incidents increase, industry addresses coverage ‘gray area’
Approximately 70 percent of active shooter incidents occur in a business, according to an FBI study. The insurance market is responding with programs that provide coverage for pre- and post-active shooter incident services…MORE

Opioid epidemic

Injured workers with comorbidities may be ripe for ‘gene’ testing
Pharmacogenetic testing can help clinicians improve outcomes for injured workers and reduce costs for payers. One growing area of interest is in genetic tests that can identify injured workers most at risk for addiction and abuse…MORE

Technology

Going digital? Here’s how to keep a personal connection with clients

Insurance industry trends include increasing use of automation to eliminate cumbersome paperwork.

Insurance industry trends include increasing use of automation to eliminate cumbersome paperwork.

Thanks to electronic signatures, digital forms and automated workflows, clients don’t need to drive to their agent’s office anymore to slog over cumbersome paperwork. Still, technology can’t be the exclusive tool for client interaction, or relationships will suffer…MORE

Texas Department of Insurance

TDI-DWC finalizes designated doctor certification application form
The Texas Department of Insurance has revised DWC Form-067, Designated Doctor Certification Application. The revised form is effective Sept. 1, 2016. Designated doctors may continue to use the existing form for 60 days after the effective date…MORE

The best of the rest

Changing employee demographics push insurers to focus on strategic recruitment

By 2020, the Millennial generation will make up nearly half of America's workforce.

By 2020, the Millennial generation will make up nearly half of America’s workforce.

Nearly 400,000 insurance industry workers are expected to retire in the next year. The impending talent shortage, coupled with recent studies suggesting the insurance industry isn’t widely appealing to young workers, is forcing insurers to rethink their recruiting strategies…MORE

Business Insurance stops the presses after 49 years
Structural changes and consolidation in the insurance industry forced Business Insurance (BI) to close for business this week after nearly 50 years. Uncompleted BI awards programs “40 under 40” and “Women to Watch” also ended abruptly…MORE

 

 

 

 

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