While we gather around the table on Thursday, many of us will give thanks for the blessings in our lives. Will workers’ comp be among them? In this edition of Inside Workers’ Comp, we asked industry experts Chikita Mann, Mark
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Mitchell
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5G: What High-Flying Predictions Mean for the Property & Casualty and Collision Repair Industries
Today’s technology news is dominated by articles about the promise of 5G, and with 5G set to roll out even more broadly in 2020, the impact that it will have on the Property and Casualty and collision repair industries will be significant. 5G, so named because it’s the generation following today’s 4G, could bring mobile phones information 600 times faster than today’s speeds.
Auto Casualty
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Premiums Written: Q1 2019 Casualty Must-Reads
This quarter, we were featured in PropertyCasualty360 where Executive Vice President and General Manager Nina Smith explained how technology and automation can actually help to further humanize the claims process by freeing up employee’s time to focus on the claimant.
Mitchell
Article
OEM Efforts to Promote Environmental Stewardship
According to the Environmental Protection Agency (EPA), transportation contributes 27% of all greenhouse gas emissions in the United States. Much of this pollution comes as a result of carbon monoxide (CO) and nitrous oxide (NOx) emissions in addition to other hydrocarbons and particulate matter. With the potential for an increase in Corporate Average Fuel Economy (CAFE) requirements looming on the horizon, automakers have been focused on improving the fuel efficiency of their fleets with increasing commitments to electric vehicle production.
Mitchell
Article
Current Used Vehicle Market Conditions: Q4 2018
Average wholesale prices in December fell on a year-over-year basis for the second month in a row and for the seventh time in 2018, supporting our expectation of general price softening due to supply growth. Supply growth is increasingly concentrated in the truck segments, which consequently saw greater price softening in December than did cars.
Auto Casualty
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The Power of Technology: Six Ways to Improve Casualty Claim Outcomes
Though the Property & Casualty (P&C) industry has made definitive inroads into technology adoption, there remain vast opportunities for the sector to reap the benefits of technology to achieve better, faster results. Insurers and claim organizations at large still have a big opportunity to digitize their operations to improve casualty claim outcomes––incumbent insurance carriers could more than double their profits over a five-year period by digitizing their current business operations, according to a McKinsey report.
Workers' Comp
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The Art of Creating a Physician Peer Review Panel: Contracting and Training
In part I of the series, we discussed the first steps of developing a physician peer review panel including determining candidates for the panel and some basic steps to credentialing, including validating state licenses, experience, knowledge and other factors.