1/28/2015

Where do you see the most exciting area of change in 2015?

Republic Group VP and CCO Timothy Wiedmeyer is one of four CLM members who answered this month's question.

By Bevrlee J. Lips

“Savvy defendants have sought to curb excessive future medical damages at personal injury trials by showing coverage for most costs under the Affordable Care Act. A 2015 Supreme Court challenge may dismantle Obamacare; an unwelcome change for that strategy.”

1. Mark S. Yagerman, Executive Member, Smith Mazure Director Wilkins Young & Yagerman P.C. CLM Member since 2010.


 “As baby boomers retire, 2015 will be a year in which employees can build a deeper career at their current employer because they should be able to move into desirable roles vacated within their own companies rather than feel compelled to change employers to progress.”

2. Caryn Siebert, President and CEO, Carl Warren & Company. CLM Fellow since 2009.


 “We’re retiring our legacy claims system and installing state of the art technology. With new technological advancements available, we look forward to redoubling our efforts in claims handling and making data-driven decisions.”

3. Timothy R. Wiedmeyer, CPCU, AIC, Vice President and Chief Claims Officer, Republic Group. CLM Fellow since 2008.


“‘Insurance’ and ‘exciting’ are words not often used together, but 2015 will be exciting. As more states legalize marijuana and carriers write policies for cyber liability, as many questions will be asked as answered. Did Sony’s policy cover data breaches? Will plaintiffs claim medical damages for marijuana? Is theft of a marijuana plant covered under a homeowner’s policy?”

4. Valerie A. Garcia, Shareholder, Pryor Johnson Carney Karr Nixon P.C. CLM Member since 2012.


14-114

Case number of a suit before the U.S. Supreme Court that questions the IRS extension of tax credits for insurance coverage purchased outside of state exchanges.

Source: U.S. Supreme Court

10,000

Number of baby boomers who will reach the age of 65 each day for the next 15 years.

Source: Pew Research Center 

54%

Percent of people who say marijuana should be legal.

Source: Pew Research Center 

4

Number of states, plus Washington, D.C., that have voted to legalize recreational marijuana—23 have medical use laws.

Source: National Conference of State Legislatures

$445 Billion

The estimated annual cost of cybercrime to the global economy.

Source: Center for Strategic International Studies



Bevrlee J. Lips was managing editor of Claims Management magazine (now CLM Magazine) from January 2012 until March 2017.

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