Back
- Working with BRS risk management consultants and ergonomic specialists, a large West Coast SIG lowered injury frequency claims by 50% over a four-year period; received $10M return in equity based on its reduction in ergonomic-related injuries; and received a 30% rate reduction. Under BRS’ administrative support, the same SIG grew from 40 members in January 2003 to 270 members five years later—accounting for over $1.3B in annual payroll and $24M in annual estimated contributions. Using education, training, and risk programs—and by fully implementing the SIG’s MPN—the organization realized substantial savings and reduced exposure to risk while increasing continuity of care.
- BRS’ pioneering thought leadership, strong administrative capabilities, and expertise helped a leading mutual benefit corporation experience significant growth to 50+ insolvencies with $52M in estimated future liabilities, and $51M in net assets as of June 30, 2005. BRS also developed and implemented an alternative security program (ASP) for the self insurers’ security fund that eliminated its deficit by generating approximately $65M in annual revenue over three years.
- A public housing authority administered by BRS was able to lower its frequency in claims and associated costs over a two-year period, returning over $2M to members and reducing rates by over 40%. Some of the authority’s success is attributable to a new state bill’s operational requirements for JPAs and SIGs. However, after taking into account the lower frequency in claims and all associated costs, the authority reports its improved safety culture did – and will continue to – play a significant role in lowering the cost of risk for all member agencies.
|