This week in comp, September 9, 2016

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

Texas Mutual news

Make safety a universal language
In 2015, there were 26.3 million foreign-born people in the U.S. labor force, comprising 16.7 percent of the total. This week’s blog post explained how to break down communication barriers and make safety a universal language…MORE

Safety

Moneytrend

Study examines how financing constraints affect workplace safety
A new study by researchers at the University of Texas found that injury rates increase with negative cash flow, suggesting some companies cut safety from the budget when business gets lean…MORE

OSHA now offers its entire website in Spanish
OSHA recently announced that users can instantly translate any page on its website into Spanish by clicking a button in the upper-right corner of the page…MORE

Fraud

New TDI fraud unit tool cuts intake processing time in half
handcuffs
The Texas Department of Insurance’s fraud unit has a new case management system that cuts the time it takes to get fraud reports into investigators’ hands by half. Among the system’s high-profile benefits is the automatic download of data from the National Insurance Crime Bureau and the National Association of Insurance Commissioners…MORE

Fraud alert: Thieves are trying to steal your medical identity
There were an estimated 2.3 million cases of medical identify theft in 2014, according to Consumer Reports. Experts say the biggest risk is medical, not financial, because the thief’s medical information can get mixed up with the victim’s…MORE

Claims

6 trends that will change insurance claims

iotWith more devices linked to the Internet of Things, closer and more effective monitoring of businesses and individual behavior has become a reality.  Technology is one of six trends poised to change every link in the claims process.…MORE

Opioid epidemic

The opioid paradox: Prescription opioid use declines as heroin use increases
Addiction to prescription opioids makes an individual 40 times more likely to become addicted to heroin, according to the Centers for Disease Control and Prevention. The first step in combating heroin addiction is to decrease the overprescribing of opioids…MORE

What workers’ comp payers need to know about Naloxone
pills and stethescope
Health care providers are increasingly prescribing Naloxone to counter the ill effects of opioid analgesics. Experts attribute the trend to regulatory reforms that have improved Naloxone access and elevated awareness of how opioid analgesics affect the major body systems…MORE

 

Underwriting

Ratings agencies expect reinsurance premiums to continue dropping in 2017
Reinsurance pricing could drop 5 percent in 2017, according to ratings agencies. Experts attribute the decrease to competition driven by high returns and low interest rates…MORE

State fund news

BWC awards funding to Ohio universities for workplace safety research
The Ohio Bureau of Workers’ Compensation has awarded grants totaling more than $900,000 to two Ohio universities to conduct research in occupational health and safety. One study at Ohio State University will explore solutions to patient-handling injuries among firefighters…MORE

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: