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Insurance Business | 17 Feb 2017, 10:05 AM Agree 0
Insurance fund wants more teeth in dealing with those who run from their obligations
  • | 17 Feb 2017, 11:29 AM Agree 0
    I think another thing that is happening is some insurance companies reserve their claims high to move up experience mods.
    • | 17 Feb 2017, 12:05 PM Agree 0
      That's a common perception, based on no facts whatsoever. There are standards for setting reserves based on injury severity, age, wages and other factors, and insurers would be penalized for not adhering to them.
  • | 17 Feb 2017, 12:02 PM Agree 0
    Perhaps they should review how Colorado addresses this. I've been in the WC industry here for over 20 years, and that problem was resolved here many years ago!
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