The Insurance industry is facing a number of issues related to workers compensation insurance. A number of issues relate to the overall economy such as declining payroll, medical inflation, and changing tort costs. All of these affect insurer top line revenue and bottom line profitability. Dr. Robert Hartwig, President of the Insurance Information Institute presented some of the 2008 economic issues facing the workers compensation insurance market. For workers compensation issues and other important industry presentation see:
Dr. Hartwig presented these issues at the 2008 CPCU annual meeting in Philadelphia.
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Technology is one way in which insurers, risk managers, and TPA's are addressing these issues through more efficient claims handling, better control of medical and indemnity overpayments, and earlier and more accurate identification of problem claims.
The following is a PowerPoint presentation by Jim Jones, Director of the Katie School who co-presented with Dr. Hartwig on the subject of workers compensation insurance issues at the 2008 CPCU Annual meeting in Philadelphia,
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.The following attachments relate to the PowerPoint presentation and provide more detail as to the content of the Katie School research conducted.
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The presentation was based on research conducted by researchers from the Katie School which was published in the December 2007 issue of the CPCU e-Journal.
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