Avizent Featured in Industry Publications
Risk Management
An article by Rick Stasi, Chief Operating Officer of Avizent Alternative Risk, is featured in Risk Management magazine. The article entitled “Developing Effective Workplace Safety Programs - Part 1” discusses how employers will need to adjust their safety programs to ensure compliance and control costs. It appears on the Risk Management website and in the magazine’s May 2010 printed issue.
Business Insurance
Thomas Watson, Avizent’s Chief Executive Officer, shared his comments on the impact of healthcare reform on the workers’ compensation industry with Business Insurance magazine. In the story, he discusses how changes in the bill could affect medical care utilization within the workers’ comp system. The article entitled “Reforms spell changes for workers’ comp” appeared on the magazine’s website and in the March 29, 2010 printed issue.
Risk & Insurance
Vance Root, Executive Vice President and Chief Sales and Marketing Officer at Avizent, shared his comments on the current third party claims administration industry in a recent interview with Risk & Insurance magazine. The article entitled “Claims Mgmt. In-Depth Series (Part 3): The Future of the TPA—Here to Stay” appears on the Risk & Insurance website and was also included in the April 2010 printed issue.
The top workers’ comp trends for 2010 and comments from Thomas Watson, CEO at Avizent, appeared in Workers’ Comp Forum, an online newsletter produced by Risk & Insurance magazine. The article “Comp Claim Costs, Economy Will Challenge Industry in '10” includes information published in an Avizent press release earlier this year.
Avizent’s newly expanded loss control services were also listed recently in the new product announcements on the Risk & Insurance website. Click here to see the article. To read the press release highlighting our loss control services, please visit our Press Releases page.
Ohio BWC Introduces New Credibility Table and Break-Even Factor
For the July 1, 2010 rate year, the Ohio Bureau of Workers’ Compensation (BWC) has continued to lower the credibility table, resulting in lower workers’ compensation premium discount levels compared with previous years. Additionally, the BWC enacted a stratified Break-Even Factor surcharge. Effectively, these changes will reduce the maximum group rating discount from 65% to 51%, and will affect lower discount tiers in the same negative manner.
Fortunately, our impressive array of tiers has allowed Frank Gates/Avizent to pinpoint the greatest premium discounts possible for clients and prospects, despite these reductions. In our group rating invitations sent to clients, the savings quotes incorporated the latest BWC factors, including the break-even factor. If you have questions, please contact your Account Executive at 800-777-4283.
Frank Gates provides clients with advocacy and advice to help navigate ongoing BWC and industry challenges, and our experts work to determine the most cost-effective action plan for maximizing your workers’ compensation savings. To learn more about the advantages of partnering with Frank Gates for group rating, visit our Group Rating section or call our Client Services team at 800-395-4119.
Attention Avizent Clients: New Federal Law Requires Your Action!
Click here to read more about the requirements of the Medicare, Medicaid and SCHIP
Extension Act.