According to some studies, roughly as many as 80% of all Workers’ Compensation claims filed are legitimate; meaning that nearly 20% (1 in every 5 claims) contains some element of fraud. This is why it is important as an employer to watch for these red flags that may indicate fraudulent Workers’ Compensation, or other types [...]
Archive content with the tag ‘california’
10.20.11 WORKERS COMPENSATION FRAUD: How to Identify a Fraudulent Claim – Matthew Davis MBA, AAI
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10.13.11 FAILURES OF WORKERS COMPENSATION REFORM – Matthew Davis MBA, AAI
I recently read an ARTICLE published by the Federal Times regarding the Workers Compensation costs associated with the U.S. Postal Service. According to the article, an Inspector General inquiry has uncovered nearly $335M in excess Workers Compensation costs the Postal Service is spending as compared to its Private Sector counterparts. One of the biggest issues is [...]
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10.11.11 SHOULD MEDICAL MARIJUANA BE FUNDED BY AUTO INSURANCE??? – Matthew Davis MBA, AAI
I recently read an article on Workforce.com which discussed a piece of legislation that is currently being discussed in the Michigan State Legislature aimed at prohibiting auto insurance carriers from paying for Medical Marijuana in claim payments. This is an issue that both Auto and Workers’ Compensation Insurance carriers in Michigan are watching very intently. [...]
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09.20.11 GDI Insurance Employee’s Complete TOUGH MUDDER Nor Cal 2011
GDI Insurance Agency’s Matthew Davis (Turlock), Zac Jarvis (Hilmar) and Nicki Jarvis (Hilmar) completed the Tough Mudder Nor Cal this past weekend in Squaw Valley. According to the Tough Mudder Website, it is considered, ”Probably The Toughest Event on the Planet”. Not only are the Tough Mudder events considered some of the “Toughest” around, but the Nor Cal [...]
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09.10.11 Beware if Identity Theft! – Matthew Davis MBA, AAI
Incidents of identity theft continue to rise and many consumers assume this is because of the increase of computer technology as well as the increased use of consumer credit cards and debit cards. Although technology is one way that identity thieves can steal your financial information, there are also less obvious ways that you might [...]
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09.09.11 POTENTIAL PITFALLS OF TELECOMMUTING – Matthew Davis MBA, AAI
According to recent reports, nearly 30 million Americans telecommute (work from home) at least 1 day each week, and the trend is only expected to continue to increase. There are a multitude of benefits that Employers can realize when they allow their employees to telecommute such as Increased Productivity, Higher Morale, Less Employee Turnover, and [...]
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09.08.11 FOCUS ON SAFETY CUTS WORKERS COMPENSATION COSTS – Matthew Davis MBA, AAI
Almost any broker will reiterate the classical Workers Compensation rhetoric regarding Frequency and Severity, Primary vs. Excess Losses, and how Safety Programs and Training could help reduce both the Frequency and Severity of losses. They will also be able to claim that a given clients Experience Modification Factor (X-Mod) is either under control or out [...]
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09.06.11 EMPLOYMENT PRACTICES / EPLI POLICIES: NOT ALL CREATED EQUAL – Matthew Davis MBA, AAI
There are a number of situations that are assumed to be covered when an employer purchases Employment Practices Liability Insurance, also known as EPLI coverage. But the fact is that not all of the situations an employer would assume to be covered actually are, and in order to effectively manage your business you need to [...]
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09.03.11 CREDIT ENHANCEMENT (Recent Successes) – Matthew Davis MBA, AAI
Credit Enhancement Insurance and Bonding was created by Grant Davis and Matthew Davis of GDI Insurance has had a number of success stories in past months. Below are the details of one recent success involving a relatively small project. Although the Credit Enhancement solution both through GDI Insurance or another firm tends to focus on relatively [...]
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09.01.11 CREDIT ENHANCEMENT: Opening Up Financing & Lending – Matthew Davis MBA, AAI
GDI Insurance President and creator of its proprietary Credit Enhancement Insurance and Bonding solution, Grant Davis, has been instrumental in creating a veritable capital, construction and development “Dream Team”. The “Team” includes two retired Professional Athletes, representatives from one of the premier construction firms in the United States and an influential venture capital firm, and [...]