Last Updated on: January 17, 2022
shoptalk
Facebook
Twitter
LinkedIn

In this episode of The Power Producers Podcast, David Carothers and co-host Kyle Houck interview Kevin Ring from the Institute of WorkComp Professional. Kevin discusses Workers’ Compensation and loss runs.

Episode Highlights:

  • Kevin answers David’s question about why loss runs have not been standardized. (4:37)
  • Kevin finds that the least useful information on the loss run is often the employee’s class code. (6:32)
  • Kevin shares that the process of getting loss runs from carriers has not changed in 25 years. (12:39)
  • Kevin recalls one situation where regardless of the severity of the injury the lag time for the claim was more than 30 days. (19:33)
  • Kevin talks about the importance of looking at injury reporting and other issues before trying to build a recovery at work program. (21:00)

Tweetable Quotes:

  • “If people are ditching out of work for two weeks before they even tell you that they’re hurt, then you’re probably not going to get the biggest bang for your buck on building a recovery at work program until you fix that injury reporting issue. So, you’ve got to find all the different things and then you can start to identify what you are going to attack first.” – Kevin Ring
  • “If a company’s loss runs don’t have the information that you want or need, stop asking for a loss run, and ask them for a loss information report and tell them the specific information that you want.” – Kevin Ring

Resources Mentioned:

The Power Producers Podcast where we are refining and redefining the sales game.

Kyle Houck

Insurance

From Med Device to Middle Market: Lessons on Sales, Risk Management, and Reinventing Yourself in the Insurance Industry

Reinvention is one of the most powerful themes in the insurance industry. Some of the best commercial producers in the country did not grow up wanting to sell insurance. They did not study risk management in college. They did not come from an agency family. They found this industry after they tried something else. They found it after life pushed them toward a career where performance, autonomy, and mindset determine the outcome.

Read More »

From Executive Leadership to Field Underwriting: Lessons Producers Can Learn from Aaron Puchbauer’s Transition into Middle-Market Insurance

The most successful producers in the middle market did not get there because they quoted faster, smiled bigger, or knew how to talk longer. They got there because they learned how to differentiate themselves so clearly that prospects had no choice but to see them as trusted advisors. They learned to operate like businesspeople first and insurance technicians second. They learned how to tie operational mechanics to insurance outcomes. They learned how to control their time, their pipeline, and their future.

Read More »
Commercial

From Newcomer to Contender: What Commercial Insurance Producers Can Learn from Pam Seidler’s Middle-Market Journey

The commercial insurance industry is one of the few professions where someone can enter with no experience, no connections, and no background in risk management and still build a long, lucrative career. But success is never automatic. It requires hunger, humility, curiosity, and the willingness to keep showing up even when the process feels overwhelming. That is why the story of Pam Seidler has already started making waves among new and aspiring commercial producers.

Read More »
Insurance

How AI and Automation Are Reshaping Independent Insurance Agencies

In an industry where tradition often outweighs innovation, artificial intelligence and automation are slowly but steadily reshaping how independent insurance agencies operate. The push toward smarter, more efficient workflows is no longer a matter of if—but when. While many agencies are still evaluating how AI fits into their operations, early adopters are already reaping the benefits of streamlined submissions, faster processing, and actionable data insights.

Read More »

Test Message

Killing Commercial Login