Insights
The 5 Essentials Every Third Party Claim Workflow Needs
August 10, 2021
6 MIN READRecent third party claim costs have risen significantly— from the start of 2018 through the end of 2020, average charge per claimant in Mitchell’s aggregated industry data has increased 53% for third party claims.
Most Common Characteristics of High-Performing Third Party Claim Workflows
August 10, 2021
5 MIN READWhile every carrier’s exact workflow and claim processing techniques are distinct, most claim professionals across the third party liability industry operate with the same goals in mind—settle claims accurately, efficiently and consistently.
Workers’ Comp Data: Restaurant and Hospitality, Educational Services Industries Still Experiencing Low Volume of Workers’ Comp Claims
August 9, 2021
7 MIN READData analysis by Aarthi Thiruvengadam. As the COVID-19 pandemic goes on, the workers’ compensation industry is still continuing to manage changing claim patterns and trends.
5 Steps to Prepare for a Successful Post-COVID Future
August 9, 2021
5 MIN READIn the span of just about a year and a half, the auto casualty and workers’ comp insurance industry has seen more transformation than perhaps in the past decade. From increased technology implementation to changes in the makeup and frequency of claims, the industry appears much different than it did at the start of 2020.
Addressing Physician Dispensed Medications with Price Opportunist Drug Strategies
August 9, 2021
6 MIN READDoes your pharmacy program have strategies in place to manage physician dispensed medications, such as dermatologicals and other high-cost products?
Episode 4: What Vehicle Lightweighting Means for Collision Repair
July 21, 2021
Ryan and Edwin Pope, principal analyst at IHS Markit, discuss the growing use of lightweight materials in new automobile design and construction. While these alternatives are helping to improve safety, boost fuel economy and reduce costs, they are also creating new challenges affecting insurance claims and the delivery of proper and safe repair.
Michigan No-Fault Auto Fee Schedule Frequently Asked Questions
June 30, 2021
10 MIN READOn July 2, 2021, the new Michigan fee schedule goes into effect for services rendered on or after that date. As we approach the effective date, there are details of the fee schedule that are still unclear.