Product Update

Impact of Medical Bill Review Pricing Discussed in Risk Financing

This issue of Risk Financing Perspectives offers a discussion titled "Understanding the Impact of Medical Bill Review Pricing on Loss Projection and Collateral Requirements for Workers Compensation Programs." The costs of medical bill review services are often included in an insured's total incurred losses. Accordingly, they can have an impact on loss projections, collateral requirements, and even premium rates. Ideally, medical bill review expenses can be kept out of those components of insureds' costs. The discussion is authored by Marcia Linton, senior vice president and national analytics practice leader for USI Insurance Services, based in Tampa, Florida.

This Risk Financing release also includes our regular "Market Corner" discussion. "Market Corner" provides quarterly updates on current property and casualty insurance market conditions. In 2019, property and casualty insurance underwriters have taken a much more disciplined approach than in recent years. It has resulted in many insureds scrambling to alleviate substantial increases in renewal pricing and deductibles. The market remains very well capitalized, but now, as much as ever, it is important for insureds to start their renewal processes early in anticipation of the need to explore alternatives.

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