The Nexus team will be headed to Philadelphia to attend the 2017 RIMS Conference April 22-27th at the Pennsylvania Convention Center. The RIMS 2017 Annual Conference & Exhibition is the premier industry four-day event that offers more than 100 educational sessions and keynote presentations. Over 10,000 risk professionals, business executives, risk managers, brokers, insurers, employers…
The Florida Office of Insurance Regulation (OIR) has given contingent approval for an overall statewide workers’ compensation rate increase of 14.5 percent to take effect Dec. 1, 2016. The rate increase is in response to two recent Supreme Court rulings undoing reforms passed in 2003 and rocking the state’s workers’ compensation system. In the Sept.…
Alabama has the highest level of prescription opioid use in the country, and companies that make the painkillers and their allies have hired an average of 18 lobbyists annually in the state since 2006 to push their policies. A joint investigation by The Associated Press and the Center for Public Integrity found that companies that…
Consolidation in the insurance industry means Medicaid beneficiaries have fewer coverage options under managed care, according to a new analysis from PWC. Following the 26% growth in Medicaid over the past two years due, in part to expansion under the Affordable Care Act, 75.2 million Americans, or 23.4% of the nation’s population, are now enrolled…
What is servant leadership? How can you benefit from it? Serving at its core meaning is setting aside your own needs and desires, in order to aid or assist others with their needs. Notice I did not mention “wants”, it is all about helping others achieve their legitimate needs. The benefits to you are endless.…
By Dennis Tierney, Senior Vice President, Director of Workers’ Compensation Claims, Marsh In the many meetings, forums, and conferences that I attend throughout the year, one question consistently gets raised and discussed between insureds, insurers, brokers and claims professionals: Is there value to conducting a claims review? It is a question that seems to have…
All companies connected to the internet are vulnerable to cyber attacks. And the potential losses are significant. Retail giant Target, for example, estimated its losses from a 2013 data breach at more than $250 million. What’s more, according to a recent survey conducted for BAE Systems of 300 managers in the financial services, insurance, and…
Many experts say the prescription painkiller epidemic started when physicians began over-prescribing powerful opioid medications, a well-meaning attempt to more aggressively treat patients’ pain. With addiction to those pills at crisis levels, they argue, a good part of the solution would be for doctors to rein in use of the drugs. The giant health insurer…
Hospitals and patient care centers aren’t typically bought and consolidated as much as other healthcare companies, but new ideas and regulations on care have spurred a flurry of deals. “Mergers are accelerating, and we’re seeing all varieties of it,” said Julie Coffman, a partner with Bain & Company, a global business consulting firm that specializes…
Health care benefit cost increases at large U.S. employers are expected to hold steady at 6 percent in 2017. The good news is that health premiums are not growing at a faster clip year after year, as they were a decade ago. The bad news is that the increase in health plan costs still outpaces…
