blackburn group inc.

Insurer to Debut Same Day Auto Claim Payment

Thanks to Artificial Intelligence (AI), Japan’s largest insurer, Tokio Marine Holdings, recently announced it will begin same-day claim payments for automobile insurance beginning in 2020.  Reporting the accident, claim settlement and payments will be completed entirely through a smartphone app that automatically locates where the accident took place.

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Innovation and Risk Management

“If you don’t take a chance, you don’t stand a chance”. That old adage is true for all innovators who want to succeed today. But how do you take a chance on a new product or service while still maintaining the ongoing stability of your personal or corporate well-being.

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Medicare Reports to Congress About MSP Thresholds

Each year, Medicare is required to report to Congress the computation of Annual Liability Insurance (Including Self-Insurance), No-Fault Insurance, and Workers’ Compensation Settlement Recovery Medicare Secondary Payer (MSP) Thresholds.  The threshold amounts are set so that the average cost of collecting conditional payments is at least equal to the amount credited to the Medicare Trust Fund.

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Blackburn Group, Inc. contributes to the world by designing and creating Enterprise Risk Management and Claim Settlement Products and Services. We are recognized by A.M. Best Company as a Recommended Expert Service Provider in the Insurance and Financial industries.

Our Enterprise Risk Management and Claim Settlement Solutions include Risk Profiling and Benchmarking; Predictive Risk Analytics and Modeling; Total Cost of Risk (TCOR) Modeling and Management including Total Cost of Risk Calculation, Total Cost of Risk Definition Development, Total Cost of Risk Formula Development, Total Cost of Risk Worksheet Development, Total Cost of Risk Analysis, and Total Cost of Risk Insurance; Accelerated Settlement Medical Cost Projection Solutions; Medicare Set Asides (MSAs), Medicare Set Aside Trusts, Medicare Set Aside Accounts, Claim Management and Claim Settlement Solutions; Life Care Planning; Legacy and Chronic Claim Solutions; Regulatory Compliance; Claim Auditing; Quality Assurance; Insurance Management; Loss Control; Risk Education and Training; Risk Management Strategic Planning and Business Development; and Insurance Underwriting Management.

Our firm serves companies, self-insurers, insurers, reinsurers, brokers, captive insurance company domicile managers, actuaries, third party adjusters, nurse case management companies, attorneys, and their clients. Additionally, we have pioneered the use of technology to simplify the enterprise risk management workflow, decrease costs and improve the quality of programs throughout the industry. Our primary areas of concentration are all Casualty, Health, and Disability programs.  To support our professional services, our RiskPro® technology solutions include a suite of products and services delivered through applications on Internet-based platforms.

Blackburn Group, Inc.   RiskPro® is a registered trademark of Blackburn Group, Inc.