Bill Molmen, Workers’ Compensation Visionary, Retires
When Bill Molmen retired at the end of June, the workers’ compensation and benefit integration world lost one of its greatest visionaries. Before starting the Integrated Benefits Institute (IBI) with president Tom Parry, he worked for the California Workers’ Compensation Institute and the American Insurance Association. That’s not a resume you would expect from a […]
Barry Llewellyn, My Favorite Workers’ Compensation Actuary, Retires
Barry Llewellyn, one of my favorite workers’ compensation professionals, retired at the end of June. I will miss Barry, but I am not alone. In this blog, Eric Nordman, Paul Mattera, Eric Oxfeld, John F. Burton, Jr., Bob Malooly and Tom Schell also offer their thoughts on my favorite workers’ compensation actuary. If Barry Llewellyn […]
Reduce Claim Filing Lag Time Through Effective Employee Communication Plans
(This is Part II of What Every Employer Should Know About Workers’ Compensation) Despite the best safety efforts, workers’ compensation claims happen. The unnecessary lag time between the date of a work-related injury and date of claim filing can mean the difference between a medical-only claim and a lost-time claim costing tens of thousands of […]
Understanding the Workers’ Comp Experience Mod Factor
Workers’ compensation premium costs are expected to continue rising. The state with the highest share of workers’ compensation premium – California — proposed a 4.1 percent overall increase in comp insurance. (http://www.californiahealthline.org/articles/2012/4/13/workers-compensation-insurance-group-seeks-41-premium-increase.aspx )The central reasons for the premium increases, regardless of jurisdiction, stem from the amount of claims (claim frequency), rising medical costs (which run […]
Why Karen Farris Is Among My Heroines
Karen Farris, one of the first female executives in the male-dominated insurance industry, is featured in this month’s issue of Leader’s Edge magazine (http://www.leadersedgemagazine.com/archive/June-2012/pro-file.htm.) I am privileged to be the story’s author. Karen personifies that being successful should be not be about gender. She certainly did not make her’s an issue. She graduated from college […]
Predictive Modeling Integration: How Long Must We Wait?
Predictive modeling will change insurance forever! I got psyched about this when, for a current assignment, I re-read my article on workers’ compensation predictive modeling that was published about three weeks ago. Truthfully, I rarely re-read anything I publish because I get tired of the topic. My goal for the article was write the most […]
My Awesome Birthday Present
I got the most wonderful “gift” for my birthday last Friday. While I was net surfing, I saw that the American Academy of Actuaries’ membership booklet featured my Contingencies article, “The Evolving Actuarial Workplace” to promote the organization. The booklet’s layout and design is also worth a look! Thanks so much to the Academy staff!
Color Me Brand
This week’s blog can be found at http://aartrijk.com/2012/05/color-me-brand/. It makes the case for why branding colors are critical. When I developed my logo, I choose a color that was conservative enough for the insurance industry without being too or stodgy. Then I choose a traditional typeface to evoke credibility. And of course, the pen shows that […]
Workers’ Compensation Predictive Modeling
Workers’ Compensation Predictive Modeling.
Workers’ Compensation Predictive Modeling
My article on workers’ compensation predictive modeling was just posted by Contingencies, the magazine of the American Academy of Actuaries (http://www.contingenciesonline.com/contingenciesonline/201205#pg37.) It demonstrates how predictive modeling is changing everything from how policies are being written to how it can help injured workers receive the care they deserve after a work-related injury or occupational illness. Personally, […]
