Steven Testan is CEO of Aptus Risk Solutions, Inc. and Karen Stankevitz is Director of Consulting and Analytics with Aptus Risk Solutions, Inc.
Litigated workers' compensation claims drive program costs. So it's not surprising that a hallmark of many successful programs is their ability to minimize the duration of litigated claims, bringing them to full and final resolution as expeditiously as possible.
In insurance, the old adage that "no claim improves with time" is proven on a daily basis in workers' comp. Employers, whether self-insured or insured, as well as the insurance carriers themselves that have failed to close litigated claims in a timely fashion continue to amass open aged workers' compensation claims inventories that wreak havoc on their bottom lines.
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