Archive for August 2013

Use of Annuities to Fund Future Medical Costs for Legacy WC Claims

Use of Annuities to Fund Future Medical Costs for Legacy WC Claims We have since the mid-1970’s been a strong proponent of using annuities as a tool to bring long term medical WC claims to resolution as well as the classical application for catastrophic liability injury claims.  Driving the use of annuities has not been […]

Paduda on Private Equity Firms Entering the WC Space

We tend to agree with Joe Paduda, the number of Private Equity (“PE”) firms entering or at least studying the workers’ compensation industry is on the upswing.  The insurance industry had a similar ‘intrusion’ in the 1970’s when equity firms entered the industry in the name of modernization, efficiency and cost cutting.  The insurance industry […]

NICB Announces Ten Most Stolen Vehicles in 2012

The National Insurance Crime Bureau (“NICB”) has released a report which summarizes stolen vehicle statistics nationwide.  The top ten stolen vehicles in 2012 were:   For 2012, the most-stolen vehicles in the nation were (total thefts in parentheses): 1. Honda Accord (58,596) 2. Honda Civic (47,037) 3. Ford Pickup (Full Size) (26,770) 4. Chevrolet Pickup […]

Narcotics dispensed by physicians are killing people

The WC industry has long pointed out this issue, which is at long last getting ‘main stream’ medical provider attention locally. We have seen so much injury and death following what appeared to have been in appropriate dispensing of narcotic medications (but hey, we are only claims adjusters, right?). Hopefully this discussion can open up […]

Back Pain Treatment Results Getting Worse

The following is from OMCA (Occupational Managed Care Alliance, Inc.) in a newsletter dated August 9, 2013.  Pressure upon physicians to “do something” from patients, as well as the ever-present risk of medical malpractice claims, seems to be moving many physicians away from well-established, more conservative, treatment of non-specific back pain. While this may not […]