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So You Think Your Claims Are Bad?

So You Think Your Claims Are Bad?. 10. 9. 8. 7. 6. 5. 4. 3. 2. 1. Runner Ups. Trends: Causation. Trends: Causation. Trends: Injuries. Over 50% of our large loss injuries involve a back injury ($179 Million total)

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So You Think Your Claims Are Bad?

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  1. So You Think Your Claims Are Bad?

  2. 10

  3. 9

  4. 8

  5. 7

  6. 6

  7. 5

  8. 4

  9. 3

  10. 2

  11. 1

  12. Runner Ups

  13. Trends: Causation

  14. Trends: Causation

  15. Trends: Injuries • Over 50% of our large loss injuries involve a back injury ($179 Million total) • Lumbar (lower) regions account for 50% of back injuries • Cervical (neck) regions account for 25% • Average large loss when back injury is involved = $560K • Brain injuries are the costliest large loss. They average nearly $700K. * Total percentage is over 100% as some injuries involve more than one body part.

  16. Trends: Departments

  17. Trends: Departments

  18. Trends: Departments

  19. Trends: Seat Belts • CRL has identified 40 large loss WC claims to date that address seat belt utilization within claim reports (i.e. yes or no to seat belt used). • 27 (67%) of those cases have reported no seat belt use. • Average large loss claim cost when no seat belt used is 32% higher (or approx. $200K higher) than when it is used. • The worst loss with no seat belt: $5.25 Million • The worst loss with seat belt used: $1.04 Million The average time to buckle your seat belt: 2.7 seconds1 1 http://www.themissouriinjurylawyer.com/2012/01/17/bottom-line-wearing-a-seatbelt-will-keep-you-alive-healthy-and-safe/

  20. Observations: Volunteer Firefighters • CRL has 18 large WC losses involving firefighters. 13 (or 72%) of those losses are from volunteers……totaling $11.7 Million in losses. • Of those 13 volunteer cases, 10 (or 77%) were caused by motor vehicle accidents.

  21. Trends: Conclusions • Emergency Services (Law Enforcement, EMS, Fire) produce the highest frequency and severity of large claims. • This is true for all lines of coverage (Auto, GL, WC) • Are county pools allocating loss control resources appropriately to these emergency services? • Are the right people doing the training? • Some loss control activities will be complicated (Emergency Services Policies and Procedures, hiring, etc.), but some are very simple (Seat Belts).

  22. Questions or Comments?

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