On April 15, 2005, Workers’ Comp Insider discussed second injury funds and the recovery potential that they represent. The write-up is entitled Maximizing recovery: Second injury funds and it references IRG and cites several articles authored by IRG staff. Workers’ Comp Insider is a weblog that features frequent updates on topics relating to health & safety, insurance, and other matters relating to workers’ compensation.
An article on California’s workers’ compensation permanency reform by Mark J. Nevils, National Director of Claims for Insurance Recovery Group, is featured in the March 2005 issue of Claims Quarterly. Nevils discusses new legal standards for permanent disability entitlement included in the April 2004 amendment to the California Workers’ Compensation Law (SB 899). These standards offer potential tools for cost savings for those insurers and employees that understand the implications of the amendment and take steps to capture this potential. For more information, read the full article, available in PDF: California’s Workers’ Compensation Permanency Reform: Providing the Tools for Cost Containment.
Dave A. Jollin, President and CEO of Insurance Recovery Group, Inc. (IRG) announces the launch of a new website with expanded content. The site includes a deeper menu of content and information resources for clients, prospects, and industry professionals. Jollin points out that, as the national leader in second injury fund recovery, the company wanted to tell its own story in greater depth – for example, by including case histories of successful recoveries and a Frequently Asked Questions (FAQ) page to address common questions about the company or about the recovery process. Expert articles on the topic of second injury fund recovery have also been added to help site visitors understand the issues and opportunities surrounding recovery.
An article by Fred Uehlein and David Jollin is appearing in the Winter 2005 edition of The Journal of Workers Compensation published by Standard Publishing. The article is entitled Closing the Recovery Gap and it deals with maximizing opportunities to reduce total workers’ compensation costs through third-party recoveries. It points out that although most in the industry would define recovery as recouping cash, recovery actually comes in many forms. A broader definition would be the right to apply a statute to recover money or to reduce committed reserves. This expanded definition of recovery includes the reduction of reserves by the assertion of rights against another party, rather than merely through the recovery of actual cash. The article discusses how the expanded definition should spur the use of new and more effective recovery processes that will allow employers and insurers to increase recovery dollars without over-committing valuable management time or cash flow.
David A. Jollin has been named President and CEO of Insurance Recovery Group, Inc. Mr. Jollin has over twenty-five years of property and casualty brokerage experience in the insurance industry. He has held a variety of positions with major insurance brokers, including Johnson & Higgins, Corroon & Black and Willis, ranging from sales and service of large risk management accounts to senior management positions. This in-depth experience has provided broad exposure to all types of insurance coverages, claims and claims handling for insurance companies and large employers, and allowed Mr. Jollin to work closely with many insurance companies to establish, on behalf of clients, effective risk transfer, risk avoidance and claims handling services. Prior to join IRG, he was Chairman and CEO of Willis of New England. Mr. Jollin is a graduate of Brown University.