Ringler, the nation’s largest settlement planning company in the nation, is pleased to announce that Peter C. Jachym, a veteran investment banker, strategic advisor and private equity investor in the insurance and asset management sectors, is now a member of the Board of Directors.
Atlanta-based Crawford & Company, a provider of claims management solutions, has appointed Andrew Robinson as its global chief operating officer. In his new role, Robinson will have the responsibility of Crawford’s four business units, including Broadspire, US Services, International Operations, and Garden City Group, alongside information technology on a global basis.
The mention of workers’ compensation or occupational medicine conjures up images of debilitating injuries and payroll assistance. However, a majority of people believe that these two terms are interchangeable. In fact, there is a difference between workers’ compensation and occupational medicine. While workers’ compensation will help pay your bills, occupational medicine will get an injured employee back to work sooner.
The workers’ compensation system here in the US has existed for more than a century. So how are we doing, after all that time? The US Department of Labor recently posed the question, “Does the Workers’ Compensation System Fulfill Its Obligations to Injured Workers?” They published their findings in an exhaustive report. It is not flattering. In fact, the report offers what the DOL calls an “alarming” conclusion: “working people are at great risk of falling into poverty as a result of workplace injuries and the failure of state workers’ compensation systems to provide them with adequate benefits.”
Author Michael Stack, Principal, COMPClub, Amaxx LLC. He is an expert in workers compensation cost containment systems and helps employers reduce their work comp costs by 20% to 50%. He works as a consultant to large and mid-market clients, is co-author of Your Ultimate Guide To Mastering Workers Comp Costs, a comprehensive step-by-step manual of cost containment strategies based on hands-on field experience, and is founder of COMPClub, an exclusive member training program on workers compensation cost containment best practices.
Do not use this information without independent verification. All state laws vary. You should consult with your insurance broker, attorney, or qualified professional.
