Understanding and recognizing the importance of three basic claims practices that could result in increasing workers' compensation costs will enable the self-insured to effectively manage the Third Party Administrator to control increasing costs.
An actuary can't make external trends disappear but can help explain them to executive management and make other suggestions on finding solutions in your data.
Baseline programs such as the EFA-STM ensure that the employee and employer are protected and take the sting out of the new classification by the AMA for obesity.|
In this article, William Zachry, the Vice President of Risk Management for Safeway Inc, shares 25 fundamental principles of the real-world workers' compensation system.