Research and Trends News

BLS Report Finds New Jersey Fatal Work Injuries Increased in 2015

The U.S. Bureau of Labor Statistics (BLS) reported in March that fatal work injuries totaled 97 in New Jersey for the year 2015, a 10 percent increase from the previous year, according to Chief Regional Economist Martin Kohli in the release. …

Academy of Insurance Director Surveys State of Learning

Patrick Wraight knew when he took over as director of Insurance Journal’s Academy of Insurance earlier this year that he would be making some changes but first he wanted to find out who is taking the Academy classes and why. …

California Workers’ Comp Report Looks at Spinal Fusion Claims

A study on the use of spinal fusion surgeries in California workers’ compensation shows that in 60 percent of spinal fusion claims the initial report of injury was for a sprain or strain, a majority of the fusions occurred within …

10 More Facts on How Employee Substance Misuse Impacts Businesses

More than 70 percent  of U.S. employers are feeling the direct impact of prescription drug misuse in their workplaces, according to a recent survey by the National Safety Council. The survey also found that although 71 percent of employers agree that prescription …

How Medical Liability Insurers’ $30 Billion ‘Cushion’ Is Also Barrier to Profit

For all the changes in healthcare over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance remain much the same as they have been since its crisis in the mid-2000s: a high level of capital with …

California Workers Comp Medical Review Volume Hit a Record in 2016

The California workers’ compensation independent medical review process used to resolve medical disputes found that in 2016 IMR physicians once again upheld about 90 percent of utilization review physician’s modifications or denials of treatment, yet IMR volume climbed 6.5 percent …

Risk Management Not Keeping Up with Escalating Risks: Survey

Most executives see risks increasing in both number and complexity – but those same executives say their organizations’ risk management efforts may not be staying abreast of those risks. The findings are part of a report titled “The State of …

European Reinsurance Buying Continues to Increase But Demand for Cover Slows: A.M. Best

The 20 largest European cedants have continued to buy more reinsurance as soft market conditions prevail, although the pace at which retention ratios are falling has been more subdued, according to A.M. Best in a new briefing. A.M. Best said higher cession …

Half of Global Insurance Premium Growth Tied to China: Allianz Research

Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the nominal increase – after adjustments to reflect …

Patients’ Pre-Surgery Opioid Use Contributes to Higher Costs, Complications

Surgery patients often go home from the hospital with a prescription for painkillers to take as they recover. But a new study suggests that doctors should also focus on patients who were taking such medicines before their operations. People who …