A recent study by The Hartford Financial Services Group found that claims filed five or more days after an injury cost an average of 15 percent more for medical and income-replacement benefits than similar claims that had been filed promptly.
According to Richard Palczynski, senior vice president and chief actuary at The Hartford, as quoted by propertyandcasualty.com, ``The Hartford's study demonstrates that early reporting can be one of the most effective ways risk managers can keep costs in check.''
The Hartford analyzed more than 30,000 lost-time workers' compensation claims over a fi...
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