One of the biggest challenges in risk management is the concept of things “probable” versus things “possible.” Traditional risk management has focused more on the probable, using historical losses and other data to actuarially forecast future losses …
February is Insurance Careers Month, and Sedgwick is proud to participate in this industrywide effort to attract new talent to our ranks. With nearly 4 million Baby Boomers retiring each year and fewer than 5% of millennials expressing interest …
The conference reception, hosted by the Spencer Educational Foundation, served as the perfect venue for us to announce Sedgwick’s $100,000 pledge to endow a scholarship in memory of our late, beloved colleague Steve Penman. The Spencer Foundation is…
Consider this example – An office employee sits down to begin the day and his chair breaks causing him to fall and injure his back. The employee has extensive back injuries and the time off he needs to recover causes the business major productivity i…
We are just a few days away from the 2016 Workers’ Compensation Educational Conference which will be held on August 21 – 24 in Orlando. Once again, I am looking forward to the opportunity to host a panel that is exploring a very important industry to…
It may seem like an obvious choice to use one service provider to manage claims and risk needs in a coordinated way around the globe, but the real challenge is finding one that can do so proficiently. So many aspects of this business vary greatly by …
Workers’ compensation is complex, process-intensive and sometimes confusing -- as we in the industry know. When an injured employee who is unfamiliar with it attempts to navigate the system, the complexities can be daunting, sometimes leading to fr…
On Tuesday, August 25, 2015, from 9:50 – 11:00 am Sedgwick will present one important aspect of next level claim strategies in “New Thinking in Risk Management: Leveraging Program Integration and Cross-functional Collaboration for Better Results.” …
I think by now most would agree that “big data” is more of a catch phrase that encapsulates all things data, including interconnectivity of data repositories, trend analysis, benchmarking, predictive analytics and claim level interventions. Big dat…
As shown by news reports from France last week, terrorism continues to be a real threat. Perhaps this reminder prompted the U.S. House of Representatives to vote 416-5 on Jan. 7, 2015 followed by a vote of 93-4 by the U.S. Senate on Jan. 8, 2015 for…
Workers' compensation, being the statutorily defined and administered animal that it is, may not appear to need a risk standard applied to its day-to-day management, but I maintain the opposite is true. All risk exposures lend themselves to better ma…