Workers' Comp

The 108.2 combined ratio posted by the private property and casualty industry in the U.S. was the worst since 2001.

One mans days in the sun could be numbered after he allegedly committed insurance fraud to collect thousands in undeserved workers compensation benefits.

As the head of the risk-management department at NYU, one of the countrys largest private institutions of higher learning, Michael Liebowitz faces an incredible array of risks every daymany of which never crop up in Corporate America.

With rates rising in many commercial-insurance linesalthough not uniformly across all linesrisk managers may have to deliver unpleasant news at budget time, but they should stress the value of the products, rather than just the cost, Willis chief executive says.

Risk managers seeking to control the cost of workers compensation coverage can find an effective weapon by utilizing claims data and performing analyses that will help them deal with the most expensive claims.

With Walmart, one of Texas largest private employers, dropping out of the states workers compensation system in March, Texas unique approach to workers comp. is receiving renewed attention from both critics and supporters, according to stories in The New York Times and the Texas Tribune.

The economy is down, and fraud is upalong with consumer acceptance of fraudulent behavior. A best-practices approach requires using new and established tools and building a reputation for being aggressive in the fight against fraud. Four insurers reveal how theyre waging war against fraudsters.

National Underwriter risk board members and RIMS veterans weigh in on their past experiences, present hopes and future expectations of the 2012 Risk and Insurance Management Society Conference.