NU Online News Service, Aug. 18, 10:07 p.m. EST
Liberty Mutual says it has evaluated hundreds of thousands of lost-time claims and millions of medical billing transactions to enhance its predictive model for workers' compensation claims costs, which are growing faster than inflation.
The Boston-based insurer says it has analyzed its database to come up with highly predictive variables to identify potential high-cost workers' compensation claims—a challenge for brokers, agents, and buyers.
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