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Workers' Compensation Reserve Response Program
Diversified Risk maintains a unit devoted exclusively to Workers'
Compensation claims.
This is what we do:
- Place claims in excess of $5,000 in our monitoring system.
- Monitor potentially serious claims even though the claim is not yet
reserved.
- Attend pre-Unit Stat meetings with insurance company claims adjusters.
- Respond to questions from employers concerning Appeal Board hearings,
disability benefits and procedures to follow when injuries occur.
This is what happens:
- Insurance adjusters pay closer attention to the claims.
- Forces the adjusters to change reserves only when it's warranted
by a change in medical condition (e.g., surgery, doctor's prognosis).
Our efforts certainly pay off, with tremendous benefits
to our clients.
- In 2000, the total amount of reduction was $2,442,484 - from original
reserves of $4,533,868 to $2,091,384. Claim amounts were reduced by
an average of 53.9%.
- In 2001, the total amount of reduction was $2,061,804 - from original
reserves of $4,708,034 to $2,646,320. Claim amounts were reduced by
an average of 43.8%.
- In 2002, the total amount of reduction was $3,916,9978 - from original
reserves of $8,935,977 to $5,018,999. Claim amounts were reduced by
an average of 43.8%.
- In 2003, the total amount of reduction was $1,756,262 - from original
reserves of $5,014,030 to $3,257,768. Claim amounts were reduced by
an average of 35%.
- In 2004, the total amount of reduction was $2,828,629 - from original
reserves of $7,537,329 to $4,708,709. Claim amounts were reduced by
an average of 38%.
- In 2005, the total amount of reduction was $1,628,314 - from original
reserves of $6,337,023 to $4,088,472. Claim amounts were reduced by
an average of 35%.
- In 2006, the total amount of reduction was $1,945,517 - from original
reserves of $4,265,689 to $2,320,172. Claim amounts were reduced by
an average of 46%.
Claim reductions ranged from a low of 4.6% to a high of 100%.
Your benefits are:
- Lower Experience Modifications
- Lower losses, which help us to obtain lower rates in open rating marketplace
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Diversified Risk Insurance Brokers
phone: 510/547-3203 fax: 510/547-5648
5900 Christie Ave
License # 0529776
Emeryville, California 94608
copyright © 2001
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