Avizent Featured in Industry Publications
American Agent & Broker
An article co-written by Rick Stasi, Chief Operating Officer of Alternative Risk at Avizent, was featured in the October 2010 issue of American Agent & Broker magazine. The article entitled “Captive Agreements Can Turn Premiums into Profits in Today's Markets” describes how captive and rent-a-captive programs offer advantages for businesses in the current economic environment. It appears on the American Agent & Broker website and is the cover story in the magazine’s October 2010 printed issue.
Rough Notes
Rick Stasi, Chief Operating Officer of Alternative Risk at Avizent, was featured in the Rough Notes article, “Partnering for Alternative Options.” The article highlights Avizent’s creative risk solutions, including our rent-a-captive program, as well as the benefits of our various captive options for agents, brokers, program administrators, groups and associations. The article appears on the Rough Notes website and in the magazine’s September 2010 printed issue.
Risk Management
An article by Rick Stasi, Chief Operating Officer of Alternative Risk at Avizent, was 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.
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.
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.