Changes and Challenges Affecting the Workers’ Compensation Landscape Covid-19 continues to present workers’ compensation payers and providers with changes and challenges the effects of which may linger well into 2021. To help the major players share information and advance efforts to manage a rapidly evolving situation, Health Strategy Associates, LLC, recently conducted a survey of 35 respondents comprising workers’ compensation payers and service providers. Key Findings
Payers expect total claims to decrease by 20% for the entire year.
Payers accepted fewer covid related claims than non-covid (lack of testing and asymptomatic presentation were factors)
Covid related claims were generally not expensive
The Biggest Worry is Premium Reductions
Overwhelmingly, the biggest concern going forward is premium reduction. As businesses remain closed for longer periods, staff are furloughed or laid off and fewer people are covered by workers’ compensation benefits. For payers this means inevitable... READ MORE >
Dear Friend, In the more than one-hundred years that IEA has served the insurance and risk management industries, it has proudly stood at the vanguard of many changes. Today I want to tell you about a new development involving changes to IEA as an organization. In June 2020, many of the assets and programs of IEA, including its name, website, and course materials were sold. As the new managing director, I am happy to share the great news that most of your valued programs and services remain the same and will be delivered by many of the same team members and instructors. You’ll be able to continue on your learning path, access your records in the learning management system, and browse for new products at www.ieatraining.org. Enrollment for CPWC and SIP will continue seamlessly and live webinars for WCCA, WCCP, and CPDM will be scheduled for fall 2020. IEA’s reputation as the foremost provider of leading-edge training has rested on its unwavering dedication to curricula that is rigorous in its content, flexible in its delivery,... READ MORE >
Workers’ Compensation Classes Start Next Week! Enroll now in IEA’s Fall 2018 workers’ compensation classes! Choose courses in the WCCA and WCCP live webinar series starting next week, or jump aboard anytime on the Claims Practitioner in Workers’ Comp program offered online and on-demand. Learn from industry experts, earn prestigious professional credentials, AND earn hours for California pre and post certification. Just getting started? Take a two-day whirlwind tour through the world of workers’ compensation. Join IEA for a comprehensive workshop offered in Pasadena and in Oakland December 6th and 7th. Learn more and enroll here. Prefer an online option? Check out our Introduction to Workers’ Compensation online option here. Whatever your goals, IEA has the right course for your needs. Enroll today and let’s get started.... READ MORE >