WCAdjuster
Member
Posts: 125
Joined: Jul 2005
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Wednesday September 05, 2007 1:08 PM
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Jan. is definitely the biggest work comp (and other lines as well) policy inception/expiry month, at least for my brokerage (but I'd feel safe saying the plurality of employers fall into this month as well)...but after Jan., I'd say policy expiration dates are pretty spread throughout the year, again in my experience. But I would believe some one if they told me July was the next biggest month.
for myself, and for my clients that have Jan. renewal dates; my primary concern is getting claims status, reserve levels and reviewing the examiner's POA, starting around late April, early May. Because the unit stat filing date is due in June for the claims that are attached to the policy years that are for the prior 1 thru 3 years. And then depending on client specifics, I may request updates on claims anywhere from quarterly to annually.
I think a 2 week to 30 day time frame is pretty standard. If a full blown narrative/claims summary is requested (let's say on a newer claims for the year) then 30 days is industry standard. But a lot of time I'm dealing with claims that have been around for a little while and are established, either they've had surgery and MMI is at question, or some type of dispute(s) and MedLegal exams have taken place or are scheduled. So I reference my prior notes, identify the most pressing issues that may help me explain why a claim has the incurred costs it does and or why it won't be closed soon and try to ask two or three questions max so that the examiner shouldn't have to spend more than 5 mins typing an email or telling my verbally.
btw I am a client claim rep. who used to be an examiner.
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wcadjuster@yahoo.com
Edited: Wednesday September 05, 2007 at 1:11 PM by WCAdjuster
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