We are extremely proud to announce that Athens Administrators has once again been voted one of the Best Places to Work in the Bay Area by the San Francisco Business Times. For the 2013 survey, approximately 500 companies competed for 125 spots on the Best Places to Work list. Athens is ranked as the 13th best place to work in the mid‐size business category (100‐500 employees).
The Office of Self Insurance Plans has posted an information sheet about their new regulations requiring private self-insureds to file an actuarial study each year.
On September 18, 2012 Governor Jerry Brown signed Senate Bill 863, a comprehensive workers' compensation reform package that will result in significant changes. It is estimated to increase benefits to injured workers by more than $700 million while reducing frictional costs in the system by estimates as high as $1.2 billion. Studies reflect an overall savings of $770 million in the first year and $335 million in the second year. The overall savings continue to be debated and will ultimately depend on the effectiveness of the new regulations.
As an industry-leading Third Party Administrator (TPA) recognized for our progressive approach to claims management, we are regularly asked "What can my company do to better to control our workers' compensation program?" Organizations have many areas of focus through which they can mitigate workers' compensation costs. We've compiled a top-ten list of time-tested areas of focus that have proven to generate powerful positive results. From experience, we have found that the most successful approach is the adoption of a comprehensive program management plan rather than the integration of only one or two concepts.
Revolutionizing claims management with the power of predictive modeling. What if you could identify and reduce the 20% of claims that make up 80% of your overall program cost?
Employers are looking for any advantage to keep loss experience numbers down and to control medical costs. Some would argue that the best claim is a closed claim. Others would point to prevention and safety efforts and say the best claim is one that never happened. Unfortunately sometimes the best safety plans don’t prevent an incident from happening.
In the book, "The 8 Characteristics of the Awesome Adjustor", author Carl Van defines the attributes required in a successful claims adjustor. How does your adjustor measures up?
2011 was an active year in the Risk Management arena. [...]
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When a workers' compensation injury is caused by a negligent [...]
