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Much of our clients’ greatest cost of risk lies with retained risks. The greatest opportunity to stabilize and reduce “cost of risk” depends upon the ability to prevent/mitigate risk exposures through loss/risk control efforts. With backgrounds as former claims adjustors and litigation specialists, our staff has the unique experience necessary to:
- Mitigate existing claims
- Assist with the establishment of internal process/procedures
- Benchmark the services provided by Third Party Administrators and insurance carriers with industry “best practices”
Services Include
- Development of action plans to mitigate claims frequency and costs
- Review of problem cases and significant open cases to develop a strategy to close out as many as possible
- Establishment of communication lines and claims handling instructions from the time of accident to closing for claims administrators, brokers and employers
- Recognition of strategic claims issues early in the life of a claim and choose appropriate action for immediate implementation
- Preparation of quarterly loss summaries and coordinate quarterly claim reviews with carrier
- Analysis of loss runs and review of the appropriateness of reserve amounts with adjusters and managers as necessary
- Customization of claim handling instructions with carrier
- Streamlining of adjustment process by monitoring claim
- Specific defense counsel on litigated claims
- Schedule of claim meetings and/or teleconferences
- Attendance at claims meetings and/or mediations with you
- Notification of Settlement Amounts and denied claims
- Confirmation of claim reserve amounts
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