Vestas’ Top Safety and Workers’ Comp Concerns
Anya Khalamayzer
Even though much has been accomplished in the past three years, Vestas-Americans safety journey continues.
Anya Khalamayzer
Even though much has been accomplished in the past three years, Vestas-Americans safety journey continues.
Chad Hemenway
Allstate Corp. admits at least some of the decrease in policies-in-force in its homeowners insurance segment is due to agents being distracted a little bit by upcoming changes to their commission structure.
Anya Khalamayzer
One Fortune 500 company is already exploring how alternative pain-management options can help control Workers Comp costs.
Arthur D. Postal
American International Group (AIG) officials are looking favorably at federal oversight, as they say they are preparing for regulation by the Federal Reserve Board in addition to state monitoring.
Brian Allen
The lazy, hazy days of summer are about to give way to a frenetic presidential campaign season for the most powerful political position in the world. Lost in all the hype surrounding this national political drama are hundreds of barely watched and little noticed campaigns for legislative seats in statehouses...
Anya Khalamayzer
When your employees are climbing up 250 feet above the ground to work in confined spaces, around high-voltage equipment located in remote areas subject to extreme weather and wild animals, the Workers Compensation exposures inherent to the job are enormous.
Anya Khalamayzer, Chad Hemenway
Willis calls 2011 the Year of the Breach and says that while companies are rightfully concerned about their Cyber exposures, they need to carefully examine their insurance coverage and risk-management strategies to ensure they are adequately protected.
Anya Khalamayzer
The overuse of opioid therapy in the U.S. to treat chronic pain is reaching an epidemic level, according to the American College of Occupational and Environmental Medicine.
Stephen J. Klingel
The 2012 edition of the National Council on Compensation Insurances (NCCI) annual State of the Line report, evaluating Workers Compensation fundamentals and conditions, reveals a market characterized by a number of countervailing indicators as to its forward trajectory.
Kevin McPoyle, CIC
As a P&C insurance agency co-founder, I often apply lessons I learned while serving in the U.S. Army. Some lessons are general in nature, such as the need for discipline, personal accountability, orientation on team goals, a clearly defined mission and state-of-the-art tools. Others are more specific.
Shawn Moynihan
Ask executives at Kelly Services Inc. what the most important aspect of its Workers Compensation program is, and theyll respond with a single word: zero.
Bryant Rousseau
When Charlie Bacon was 21 years old and working on his first construction project in Philadelphia, an accident involving an elevator counterweight killed one of his colleagues.
Bryant Rousseau
Experts in Workers Compensation will often say how important it is that a companys senior-management team support safety initiatives. At Limbach Facility Services, theyd be preaching to the choir. Its CEO, Charlie Bacon, is intensely passionate about safety.
Mark E. Ruquet
Modest P&C rate increases will benefit the industry more than a true hard market because they are more palatable to clients, says the chairman, president and CEO of insurance broker Arthur J. Gallagher & Co.
Shawn Moynihan
While many Workers Compensation programs focus almost exclusively on medical and indemnity costs, Kelly Services Inc. took it a step further in 2003 by discovering a substantial cost included in the allocated loss-adjustment expenses (ALAE) of its third-party administrator (TPA). A deeper dive into its ALAE revealed Kellys medical-bill-review (MBR)...
Bryant Rousseau
A harsh reality of the construction industry is that it is made up of an aging workforce. To try and counter the impact of this, Limbach Facility Services in 2009 launched a robust internal wellness program that offers a cash incentive for employees who achieve certain wellness goals.
Shawn Moynihan
Thus far in 2012, 80 percent of all Workers Comp claims at Kelly Services Inc. have been reported within five days of the injury. This time period compares with an average of nine days to reach that 80 percent figure for the entire book of business at Kellys third-party administrator,...
Bryant Rousseau
Limbach embraces an aggressive return-to-work environment, with programs managed at its 11 branch offices in consultation with the corporate risk-management department and the companys broker, Wills; it also keeps in mind local laws.
Second-quarter profit at Warren Buffetts Berkshire Hathaway Inc. fell about 9 percent on derivative losses, while limited catastrophe losses restored positive underwriting results in the conglomerates insurance operations.
Bryant Rousseau
Meet the winners of the sixth annual Awards for Excellence in Workers Compensation Risk Management: Limbach Facility Services, a mechanical design and construction contractor; Kelly Services, the staffing-solution provider; and Vestas-American Wind Technology, which manufactures and services wind turbines.
staff Writer
LexisNexis Risk Solutions is integrating the LexisNexis Insurance Exchange into its commercial-insurance business. The combined organization will develop commercial-insurance solutions, using data, analytics and commercial workflow processes to create more effective and efficient commercial processes.
Shawn Moynihan
While Kelly Services Inc. is adamant about taking care of employees hurt on the job, it wont hesitate to redirect non-occupational injury and illness claims to private providers.
Anya Khalamayzer
Vestas recognizes that safety is not just for employees of the company but extends to contractors, vendors and suppliers that provide services to the company. To adress this, Vestas has partnered with PICS, a third-party vendor, which provides contractor and vendor-management pre-qualification oversight.
Phil Gusman
Due to prolonged drought conditions in the Midwest, underwriting losses for 12 major corn- and soybean-producing states could be more than $2.8 billion, a recent report warnsand the trade group representing the crop-insurance industry says insurers have already paid out $822 million so far this season.
Mark E. Ruquet
Respondents to a three-state survey of producers report that regional personal-lines carriers have an edge over national companies when it comes to overall agency-insurer relationship satisfaction.
Mark E. Ruquet
In the wake of Barclays Bank admitting to manipulating Libor (the London Interbank Offered Rate, used by banks to set the interest rate they charge when borrowing from one another), other financial institutions are now on notice over their involvement. Some banks artificially inflated or deflated their rates, depending on...
Mark E. Ruquet
A survey of P&C insurance brokers provides further evidence that rates are continuing to trend upward, but experts still doubt whether a hard market is on the wayand some question the current environments momentum.