HM Insurance Group's Industry Insights Blog

Industry Insights

Latest Blog Post

Don’t Doubt the Expense of Gout

By: Jamie Holowka February 5, 2020
We’ve all heard about gout. It’s that sharp, hot pain and swelling that most commonly afflicts the big toe. One of the world’s oldest recognized diseases, gout was first identified by the Egyptians in 2640 BC and has been viewed as a lifestyle disease of the rich and affluent, primarily because of its connection to certain more expensive dietary habits. This “disease of kings” has been problematic for ages, with little change in the treatment options that first were identified thousands of years back – until a few years ago.
Continue Reading

A Cloud of Uncertainty Hangs over Claims Tied to Vaping

By: Dom Palmieri January 15, 2020
The news is full of stories about health-related vaping incidents. At this point, medical professionals haven’t even determined all the ways in which e-cigarettes can injure the human body – and vaping was initially promoted (somewhat innocently) as “an alternative to cigarettes.” But there have been issues ranging from breathing challenges to lengthy hospital stays for life-threatening lung conditions to a shocking number of deaths now being tied to the ingredients in vaping products.
Continue Reading

Are You Losing Sleep?

By: Caleb Knier November 15, 2019
Fear of catastrophic claims and the financial challenges they can create may be keeping you – and your clients – up at night. When statistics show claims growing well beyond the $1 million mark with greater frequency, that fear is certainly founded. It’s also a very real fear for me as the CFO of a Stop Loss insurance company. However, I know that data-backed decisions and having the right approach in place for responding to trends can make all the difference.
Continue Reading

Problem-solving with Reflection and Resolution

By: Tom Doran December 13, 2018
I love solving problems. That’s the best part of my job. Lucky for me, we’re in a thought-provoking industry – one that’s become even more challenging with the growth of high-dollar claims. As a reinsurer, paying those claims is the most important thing we do. The challenge lies in creating the right solution for each client, appropriately pricing business to ensure obligations can be fulfilled and finding ways to help contain claim costs for everyone involved.
Continue Reading

The Path to Timely and Accurate Claims Payments

By: Dom Palmieri October 3, 2018

All roads through a Stop Loss carrier lead to paying claims. Self-funded groups purchase our coverage so we can protect their finances from the impact of high-dollar claims, so with a Stop Loss contract in hand, they expect that their catastrophic claims will be paid. And as a responsive carrier that has applied exceptional underwriting practices to the groups we enroll, we have committed to having the right resources in place to deliver quick and accurate claims payment.

Continue Reading