Latest news with #Workers'Compensation
Yahoo
2 days ago
- Business
- Yahoo
Ivans Index May 2025 Results Released
Renewal rates for all major commercial lines of business, except Workers' Compensation remain up year over year; rate change variable month over month Milwaukee, WI., June 05, 2025 (GLOBE NEWSWIRE) -- Ivans® today announced the May 2025 results of the Ivans Index™, the insurance industry's premium renewal rate index. Year over year, Commercial Auto, BOP, General Liability, Commercial Property and Umbrella experienced increasing average premium renewal rates, while premium renewal rates decreased for Workers' Compensation. Month over month, Commercial Auto, General Liability, and Commercial Property experienced increases in premium renewal rate change, while BOP, Umbrella, and Workers' Compensation saw a renewal rate change by line of business for May 2025 highlights include: Commercial Auto: 8.45%, up slightly from 8.41% last month. BOP: 7.89%, down slightly from 7.98% at the end of April. General Liability: 4.86%, up from April, which was 4.33%. Commercial Property: 7.77%, up slightly from 7.70% in April. Umbrella: 9.11%, down from 9.41% in April. Workers' Compensation: -1.87%, down from -1.78% last month. Released monthly, Ivans Index is a data-driven report of current conditions and trends for premium rate renewal change of the most placed commercial lines of business in the insurance industry. Analyzing more than 120 million data transactions, the Ivans Index premium renewal rate change measures the premium difference year over year for a single consistent policy. Inclusive of more than 38,000 agencies and 700 carriers and MGAs, the Ivans Index is reflective of the premium rate change trends being experienced by all agencies and insurers across the U.S. insurance market. Ivans Index is available to agencies and insurers as part of Market Insights at Download the complete Q1 2025 Ivans Index report. # # # The Ivans logos are trademarks of Applied Systems, Inc., registered in the IvansIvans is where insurance carriers, agents, and MGAs come together to grow their businesses. Every day, our 38,000 agents and over 700 carrier and MGA partners plug into technology that empowers them to better determine appetite and eligibility, swiftly produce quotes, get accurate claims and commission updates, automatically communicate policy data, and connect to one another to drive new business. With easier ways to get the day's work done, insurance professionals can open the door to more revenue without letting complexity in behind it. CONTACT: Lauren Malcolm Ivans 678-438-5093 lmalcolm@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
22-05-2025
- Business
- Business Upturn
Terra's 2025 Vision Puts AI, Affordability, and Ecosystem Connectivity at the Center of Workers' Comp Innovation
COLLEGE STATION, Texas, May 22, 2025 (GLOBE NEWSWIRE) — Terra, the cloud-native platform redefining Workers' Compensation software, today announced its bold 2025 roadmap—spotlighting new AI innovations, a radically fair pricing model, and seamless partner integrations. With transformative updates rolling out across claims and policy management, Terra is delivering what the industry has long lacked: true efficiency, simplicity, and transparency. Terra continues to expand its powerful suite of solutions, including Claims Management, Policy Administration, Claims Benchmarking, Connect Marketplace, and Compliance Management. These solutions are designed to simplify operations for stakeholders across the insurance and risk management ecosystem, such as Third-Party Administrators (TPAs), Carriers, Self-Insured Funds and Groups (SIFs and SIGs), Captives, Managing General Agents (MGAs), and Medical Service Providers. A standout differentiator for Terra is its Terra Connect functionality, a built-in marketplace that seamlessly links clients with leading service providers. This eliminates integration barriers and enables frictionless coordination across medical, legal, compliance, and ancillary vendors. This embedded ecosystem enables faster claim handling, streamlined workflows, and better outcomes. Announcing his vision for 2025 and beyond, James Benham , CEO and Co-Founder of Terra, stated , 'Our AI capabilities are already making a substantial impact by enhancing efficiency and streamlining the claims process for our clients, but this is just the beginning. With features like OCR that auto-populates compliance forms and AI-generated claim note summaries already in action, our clients are saving hours on administrative tasks every week. We are developing novel AI tools that will elevate operational efficiency and decision-making to new levels. We also have key AI partnerships in the pipeline that will strengthen our core platform with best-in-class functionality across automation, fraud detection, and predictive analytics.' To that end, Terra has introduced a pricing model that disrupts legacy norms: No setup fees No long-term contracts Flexible, month-to-month pricing based on claims volume (for claims) or gross written premium (for policy) Unlike legacy systems that rely on cumbersome processes, Terra's cloud-native, AI-powered platform centralizes workflows, integrates seamlessly with payment systems and ancillary services, and delivers real-time reporting and analytics. This evolution demonstrates Terra's commitment to providing forward-thinking solutions that address pain points such as manual interventions, security concerns, and the limitations of outdated systems. As Terra progresses on its 2025 roadmap, clients can expect a steady cadence of product rollouts throughout 2025, including deeper AI integrations, advanced risk-scoring features, and more intelligent automations across claims and policy operations. The company's 'Don't Pay Until You're Live' guarantee further cements its dedication to client success by eliminating financial risk during implementation. Explore the full roadmap and see Terra in action—Request a personalized demo here or go to . About Terra Terra is a cloud-native platform transforming Workers' Compensation claims and policy management. By streamlining operations, centralizing workflows, and integrating with critical systems, Terra delivers cutting-edge solutions designed to improve efficiency, reduce costs, and enhance overall management for TPAs, Carriers, SIFs, SIGs, Captives, MGAs, and Medical Service Providers. Media ContactGirish JaggiThe MicDrop Agency+1 (289) 623 3627 [email protected]
Business Insider
21-04-2025
- Business
- Business Insider
Effingo Technology Appoints Legal-Tech Trailblazer Nikki Mehrpoo, "The MedLegal Professor," as Chief Legal Innovation Strategist to Lead AI-Driven Med-Legal & Compliance Transformation
Effingo Technology Appoints Nikki Mehrpoo, "The MedLegal Professor," to Spearhead a Bold Leap in AI-Powered Compliance, Med-Legal Transformation, and Intelligent System Modernization, Uniting Law, Medicine, and Technology to Redefine the Future of Legal Innovation. ORANGE, CALIFORNIA / ACCESS Newswire / April 21, 2025 / Effingo Technology ( the AI-powered automation leader revolutionizing documentation in the medical, legal, and insurance sectors, proudly announces the appointment of Nikki Mehrpoo, legal-tech pioneer and The MedLegal Professor ™ ( as its new Chief Legal Innovation Strategist. Nikki's appointment marks a pivotal moment in Effingo's mission to solve the industry's toughest challenges. Her rare expertise across law, medicine, and technology positions her to lead the next era of med-legal innovation. Industry Leader - "Nikki is an empowering transformational leader," said Jonathan Norzagaray, CEO of Effingo. "Her unique blend of legal precision and strategic foresight will drive real ROI for our clients and accelerate our impact industry-wide." The Total Package - Nikki is California's only attorney certified as a legal specialist in both Workers' Compensation and Immigration Law. She's served as a judge, professor, expert witness, and AI + HI strategist, known nationally for shaping conversations around ethical and responsible AI and innovation on platforms like and She advises across the spectrum, on AI adoption, integration and implementation, financial strategy, and executive leadership, bringing a legal mind, a C-suite lens, and a startup soul. A Voice Rooted in Purpose - "Over 30 years ago, as a young Persian woman in law school, the expectation was simple: get married and stay home," said Nikki Mehrpoo. "But I envisioned something more. This role is not just a career milestone-it's a personal victory for purpose, perseverance, and progress." From SME to Strategic Architect - Before this appointment, Nikki has been part of the Effingo team as a Subject Matter Expert and Legal Technology Advisor, helping shape Effingo's future. Her work directly tackled: Leadership in EAMS Modernization - Among her many technology initiatives, Nikki continues to serve as a core Subject Matter Expert for organizations participating in the RFP bid process for California's EAMS Modernization Project, which aims to modernize technology systems handling over 8 million cases and 90 million documents. Driving the Future of Legal-Tech - As Chief Legal Innovation Strategist, Nikki will lead Effingo's strategic roadmap with a focus on: Effingo's proprietary E-AI engine scans thousands of pages, identifying redundant or irrelevant content with 99% accuracy, reducing review time from hours to seconds. There is a significant financial incentive to use Effingo, leading to millions of dollars in savings, faster claim turnarounds, and hundreds of hours saved. About Effingo Technology - Effingo Technology ( delivers AI-powered, compliance-first automation that eliminates medical record duplicity and streamlines workflows for the legal-medical-insurance ecosystem. Its E-AI engine analyzes 100 to 1,000+ page files with unmatched accuracy, far surpassing human review or traditional OCR tools. Effingo's secure, HIPAA-compliant platform produces audit-ready reports, smart summaries, and real-time reference links, driving efficiency, reducing delays, and saving clients millions. View the original press release on ACCESS Newswire
Miami Herald
21-04-2025
- Business
- Miami Herald
Effingo Technology Appoints Legal-Tech Trailblazer Nikki Mehrpoo, 'The MedLegal Professor,' as Chief Legal Innovation Strategist to Lead AI-Driven Med-Legal & Compliance Transformation
Effingo Technology Appoints Nikki Mehrpoo, "The MedLegal Professor," to Spearhead a Bold Leap in AI-Powered Compliance, Med-Legal Transformation, and Intelligent System Modernization, Uniting Law, Medicine, and Technology to Redefine the Future of Legal Innovation. ORANGE, CALIFORNIA / ACCESS Newswire / April 21, 2025 / Effingo Technology ( the AI-powered automation leader revolutionizing documentation in the medical, legal, and insurance sectors, proudly announces the appointment of Nikki Mehrpoo, legal-tech pioneer and The MedLegal Professor™ ( as its new Chief Legal Innovation Strategist. Nikki's appointment marks a pivotal moment in Effingo's mission to solve the industry's toughest challenges. Her rare expertise across law, medicine, and technology positions her to lead the next era of med-legal innovation. The Total Package - Nikki is California's only attorney certified as a legal specialist in both Workers' Compensation and Immigration Law. She's served as a judge, professor, expert witness, and AI + HI strategist, known nationally for shaping conversations around ethical and responsible AI and innovation on platforms like and She advises across the spectrum, on AI adoption, integration and implementation, financial strategy, and executive leadership, bringing a legal mind, a C-suite lens, and a startup soul. From SME to Strategic Architect - Before this appointment, Nikki has been part of the Effingo team as a Subject Matter Expert and Legal Technology Advisor, helping shape Effingo's future. Her work directly tackled: Costly medical record duplicityLengthy manual review processesHIPAA & state-specific compliance Leadership in EAMS Modernization - Among her many technology initiatives, Nikki continues to serve as a core Subject Matter Expert for organizations participating in the RFP bid process for California's EAMS Modernization Project, which aims to modernize technology systems handling over 8 million cases and 90 million documents. Driving the Future of Legal-Tech - As Chief Legal Innovation Strategist, Nikki will lead Effingo's strategic roadmap with a focus on: Embedding legal defensibility & regulatory complianceAdvancing document automation & medical record optimizationDelivering scalable, AI-powered toolsEnhancing enterprise AI readinessForging strategic partnerships Effingo's proprietary E-AI engine scans thousands of pages, identifying redundant or irrelevant content with 99% accuracy, reducing review time from hours to seconds. There is a significant financial incentive to use Effingo, leading to millions of dollars in savings, faster claim turnarounds, and hundreds of hours saved. About Effingo Technology - Effingo Technology ( delivers AI-powered, compliance-first automation that eliminates medical record duplicity and streamlines workflows for the legal-medical-insurance ecosystem. Its E-AI engine analyzes 100 to 1,000+ page files with unmatched accuracy, far surpassing human review or traditional OCR tools. Effingo's secure, HIPAA-compliant platform produces audit-ready reports, smart summaries, and real-time reference links, driving efficiency, reducing delays, and saving clients millions. SOURCE: Effingo Technology press release
Associated Press
21-04-2025
- Business
- Associated Press
Effingo Technology Appoints Legal-Tech Trailblazer Nikki Mehrpoo, "The MedLegal Professor," as Chief Legal Innovation Strategist to Lead AI-Driven Med-Legal & Compliance Transformation
Effingo Technology Appoints Nikki Mehrpoo, 'The MedLegal Professor,' to Spearhead a Bold Leap in AI-Powered Compliance, Med-Legal Transformation, and Intelligent System Modernization, Uniting Law, Medicine, and Technology to Redefine the Future of Legal Innovation. ORANGE, CALIFORNIA / ACCESS Newswire / April 21, 2025 / Effingo Technology ( ), the AI-powered automation leader revolutionizing documentation in the medical, legal, and insurance sectors, proudly announces the appointment of Nikki Mehrpoo, legal-tech pioneer and The MedLegal Professor ™ ( ), as its new Chief Legal Innovation Technology & The MedLegal Professor Workers' Compensation AI Champions Nikki's appointment marks a pivotal moment in Effingo's mission to solve the industry's toughest challenges. Her rare expertise across law, medicine, and technology positions her to lead the next era of med-legal innovation. Industry Leader - 'Nikki is an empowering transformational leader,' said Jonathan Norzagaray, CEO of Effingo. 'Her unique blend of legal precision and strategic foresight will drive real ROI for our clients and accelerate our impact industry-wide.' The Total Package - Nikki is California's only attorney certified as a legal specialist in both Workers' Compensation and Immigration Law. She's served as a judge, professor, expert witness, and AI + HI strategist, known nationally for shaping conversations around ethical and responsible AI and innovation on platforms like and She advises across the spectrum, on AI adoption, integration and implementation, financial strategy, and executive leadership, bringing a legal mind, a C-suite lens, and a startup soul. A Voice Rooted in Purpose - 'Over 30 years ago, as a young Persian woman in law school, the expectation was simple: get married and stay home,' said Nikki Mehrpoo. 'But I envisioned something more. This role is not just a career milestone-it's a personal victory for purpose, perseverance, and progress.' From SME to Strategic Architect - Before this appointment, Nikki has been part of the Effingo team as a Subject Matter Expert and Legal Technology Advisor, helping shape Effingo's future. Her work directly tackled: Leadership in EAMS Modernization - Among her many technology initiatives, Nikki continues to serve as a core Subject Matter Expert for organizations participating in the RFP bid process for California's EAMS Modernization Project, which aims to modernize technology systems handling over 8 million cases and 90 million documents. Driving the Future of Legal-Tech - As Chief Legal Innovation Strategist, Nikki will lead Effingo's strategic roadmap with a focus on: Effingo's proprietary E-AI engine scans thousands of pages, identifying redundant or irrelevant content with 99% accuracy, reducing review time from hours to seconds. There is a significant financial incentive to use Effingo, leading to millions of dollars in savings, faster claim turnarounds, and hundreds of hours saved. About Effingo Technology - Effingo Technology ( ) delivers AI-powered, compliance-first automation that eliminates medical record duplicity and streamlines workflows for the legal-medical-insurance ecosystem. Its E-AI engine analyzes 100 to 1,000+ page files with unmatched accuracy, far surpassing human review or traditional OCR tools. Effingo's secure, HIPAA-compliant platform produces audit-ready reports, smart summaries, and real-time reference links, driving efficiency, reducing delays, and saving clients millions. Contact InformationJonathan Norzagaray President & CEO of Effingo, LLC. and Physician's First Choice (562) 237-3562Nikki Mehrpoo, The MedLegal Professor Chief Legal Innovation Strategist (844) 466-7569 SOURCE: Effingo Technology press release
