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Auto Casualty Article

Delivering The Most-Favored Nation Prescription Drug Pricing to American Patients

2 MIN READ

Why are U.S. prescription drug prices so much higher than in other developed nations—and what is the government doing about it? A new executive order from the White House could shake up how brand-name drugs are priced and reimbursed, with potential ripple effects across auto and workers’ comp. But is it really a game-changer, or just another attempt at reducing drug costs? Brian Allen, VP of Government Affairs breaks down the executive order and what it could mean for work comp and auto.
Auto Casualty Article

Modernizing Claims Management: Streamlining Workflows With Integrated Negotiation Solutions

2 MIN READ

Conventionally, the process of settling bodily injury claims entails a period of waiting—waiting for the injured individual to conclude their medical treatments and compile all pertinent medical bills and records. Enlyte’s new PrecisionDirect solution gives Auto Carriers exclusive access our expert negotiation services integrated with the Coventry Auto Network to ensure your client pays fair and accurate rates to providers on their unrepresented settlements.
Auto Casualty Article

The Great Workplace Shakeup: Adapting Workers' Comp for the Remote Revolution

4 MIN READ

The growing trend of remote and hybrid work models has introduced new regulatory challenges to be addressed for the workers' compensation industry. While the COVID-19 pandemic created a seismic shift in the U.S. labor market, with a record 47 million Americans voluntarily quitting their jobs in 2021, according to analysis from the Harvard Business Review, this mass exodus was not simply an anomaly driven by the pandemic. Rather, it resulted from the convergence of five key factors that are reshaping today’s workforce—retirement, relocation, reconsideration, reshuffling and reluctance.
Auto Casualty Article

Consolidated Appropriations Act, 2024: The Impact on Workers' Compensation and Auto Casualty Sectors

3 MIN READ

On March 9, 2024, President Biden signed the Consolidated Appropriations Act of 2024 into law. The spending package reduced the Medicare Physician Fee Schedule (MPFS). As a result, any state that uses Medicare as its fee schedule could see significant impacts from recent Medicare adjustments.
Auto Casualty Article

The Artificial Intelligence Revolution

1 MIN READ

In the insurance industry, innovation isn't just a buzzword; it's a lifeline to the future. This is why AI is not just important – it's essential.
Auto Casualty Article

Enlyte Quarterly Medical Price Index

3 MIN READ

As reported by the Bureau of Labor and Statistics (BLS) in February 2024, the consumer price index in the United States increased 3.1% over the preceding 12 months. The medical care index rose 0.5% in January 2024. The index for hospital services increased 1.6% over the month and the index for physician’s services increased 0.6% which would be compared to Enlyte’s data in this report.

Auto Casualty Podcast

Combatting New Jersey Auto Casualty Challenges

When an auto injury occurs, insurers often face challenges in coordinating with multiple vendors to address the claim. This is especially true in New Jersey, which has strict requirements that every insurer needs to meet. To discuss this issue, and offer solutions for handling it, is Ben Roberts, vice president, utilization review of Genex.
Auto Casualty Article

Six Legislative and Regulatory Changes and Trends Impacting the Insurance Industry

4 MIN READ

Explore the critical legislative and regulatory changes impacting the insurance industry in 2024. Stay informed on AAPAN's role, CMS updates, and trends in auto and workers' compensation.