April 14, 2006
IRG Publishes Article In Public Risk Magazine
An article written by W. Frederick Uehlein and David Jollin has recently been published in Public Risk Magazine, a publication of the Public Risk Management Association (PRIMA). The article, titled Leaving Money On The Table: Obstacles To Second Injury Fund Recovery explains that second injury funds are one of the more esoteric niches in the workers’ compensation field, and because of that, claims staff are either not trained or don’t understand what to look for. The article points out that even companies with an “active” recovery program can have 15-25% of uncollected second injury potential, which is between $19.5million and $32.5million. The article suggests that a factory-like process is necessary for maximum recovery, as well as a knowledge-management system that has many attributes of a law firm. This enables the recovery process to be standardized, which will eliminate error and support efficiency. For most organizations, a small amount of management effort could result in millions of extra dollars.
To learn more about this article or the other articles published by IRG, please click here.
IRG To Attend RIMS In Honolulu, SIIA In Florida
David Jollin, IRG’s President & CEO, will be attending the Risk and Insurance Management Society (RIMS) 2006 Annual Conference. The conference will be held on April 23-27 in Honolulu, Hawaii. This year’s conference offers an international perspective on a broad range of issues that affect risk management and insurance professionals such as improving claims handling to reduce costs, captive formation steps, and global casualty programs.
Candace LaChapelle, IRG’s Director of Business Development, will be attending the Self-Insurance Institute of
America’s (SIIA) Self-Insured Workers’ Compensation Executive Forum. The conference is being held at the Sanibel Harbour Resort & Spa in Fort Meyers, Florida on May 9-11th. The conference will feature programs on evolving topics such as cost containment and strategic risk management.
If you plan on attending the above meetings and would like to schedule a meeting with Mr. Jollin or Ms. LaChapelle, or if you want more information about IRG and our services, please call (800) 798-5474 ext. 210.