The property and casualty marketplace evolved favorably in 2013. According to the Insurance Services Office (ISO), despite persistently low interest rates undermining insurer investment returns over the past few years, the industry experienced an increase in underwriting profits in 2013, as follows:

Whether in the workplace or at home, leading by example is a powerful motivating force. As a parent, you teach your children by example. As a supervisor at work, you can have a great, positive influence by not only your actions but also your expectations.

No, it’s not the latest Hollywood movie about guys and their need for speed. For those of you who know me well, sarcasm is one of my most endearing traits! So as a follow up to Tim Leman’s New Year Safety blog, I thought it would be fun to share my top driving annoyances. While no one reading this is guilty of any of these driving violations, I’m sure we all can think of someone who is. Not surprising, many of these habits cause the majority of claims each year.

Workers compensation fraud can be a major expense and therefore a significant risk to any employer. However, it is easier to prevent that you think. With a few easy steps, you can help prevent fraud from happening within your company.

A return-to-work program has many benefits, and the pros far outweigh the cons! The proper understanding and communication of the rationale for a return-to-work program will help make the naysayers change their minds. Consider these three benefits:

Workers’ compensation fraud can be a major expense and therefore a significant risk to any employer. However, it is easier to prevent than you think. With a few easy steps, you can help prevent fraud from happening within your company.

Monitor The Trends Of Workers’ Comp Claims

Workers’ Compensation Reform achieved a huge victory earlier this summer with the signing into law of HB 1320, an act that the American Insurance Association feels ‘addresses problems which have been steadily mounting in Indiana for years.’

Indiana Governor Mike Pence penned the legislation which, effective of July 1, ensures a fee schedule with a maximum reimbursement rate of 200% of the Medicare rate for treatments and procedures to workers’ compensation claimants by medical service providers. While those are the provisions of the new legislation in a nutshell, there are plenty of other considerations Businesses need to be aware of, particularly considering the imminent arrival of Health Care Reform.

What Exactly Is Workers Compensation?

In today’s world there is so much emphasis on doing more with less. This obviously has its perks, but it also has a significant negative impact that cannot be overlooked. Employees who are pushed to the max are at risk of being overstressed and ultimately burning out. Burnout reduces productivity and takes a toll on individual’s health.

Employers should believe that healthier employees are more productive employees. Studies prove this! Emphasizing health AND changing the culture within the workplace to support healthier lifestyles is worth the effort. Any ROI is icing on the cake.

The Indiana General Assembly passed and Gov. Pence has signed into law HB 1320, which introduces a fee schedule into Indiana’s workers’ compensation statute. Over 25 states have enacted fee schedule legislation since the mid-1990s to impose a limit or cap on medical reimbursement. Insurers generally favor fee schedules while medical providers generally oppose it. Indiana will now have a schedule set at 200% of Medicare reimbursement levels.

Prior to this passing, Indiana had relied on a “usual and customary” method, which had many pitfalls. Both the Workers’ Compensation Research Institute (WCRI) and theNational Council on Compensation Insurance (NCCI) have published studies showing how, overall, “usual and customary” states had higher comparable medical costs and higher rates of increases in cost.