blackburn group inc.

April 2021





Our e-newsletter for Enterprise Risk Management, Claim Settlement and Healthcare Solutions.

We hope you are well and your business is improving with the new COVID 19 vaccines and careful social interaction.  We continue to support clients with outsourced risk and claim management functions as needed.  Please contact us with any questions or comments you may have during this difficult time. We thank you for trusting Blackburn Group with your business needs, and we will always strive for personalized care and excellence throughout this crisis and recovery process.


Robert J. Blackburn, Managing Principal


Accelerating Claims to Improve Ultimate Loss Estimates

Most insurance and claims professionals appreciate the need to close claims as quickly as possible to avoid ongoing costs.  For the majority of claims, this is done quickly and easily.  However, for approximately 5-10% of the number of claims in a program, this is a difficult and time-consuming process.    Read more >>

More Risk, Claim and Healthcare News …

CMS Payment Validation for Part C and D Programs.  Recently, Medicare has updated their guidance concerning payment validation information relating to the Medicare Advantage (Part C) and Prescription Drug (Part D) Programs.  View article...

FEMA Updates NFIP With Increased Premiums in Coastal Areas.  On April 2, 2021, the Federal Emergency Management Agency (FEMA) announced increases in the National Flood Insurance Program premiums in flood prone areas.  This is the first major update in 50 years, which may affect over 4 million property owners in flood zones.  Average increases could be over $7,800 per year.  View article...

Hartford Rejects Chubb Buyout Offer.  On March 18, 2021, Hartford rejected a $23.24 billion takeover offer from Chubb Ltd.  Chubb had made the offer of $65 per share, a premium of about 13% to Hartford’s closing stock price a day earlier.  Hartford’s rejection was widely expected, as analysts had said the company was worth $80 per share or more.  View article…

Travelers Risk Index Reveals Dangerous Driving Behaviors.  On March 31, 2021, The Travelers Companies, Inc. announced the results of the 2021 Travelers Risk Index on distracted driving.  The findings reveal that one in four drivers thinks that roads are safer today than they were before the pandemic, yet a growing number of respondents reported using their mobile devices in unsafe ways while driving.  View article...

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