Black lung actuarial reserving and valuation
Amid new regulations from the Department of Labor, federal black lung liabilities – which are complex and often unpredictable – present unique and challenging opportunities for transactions.
The federal black lung adjudication process involves determining eligibility, filing claims, and resolving disputes through a structured legal framework.
Federal black lung claims differ from other workers’ compensation due to multiple potential payers, complex adjudication, much longer reporting and payment lags.
In the property and casualty insurance space, traditional insurers that best adapt to market changes will understand their advantages over new market entrants and address their own shortcomings.
Black lung disease presents a significant, long-term liability exposure for coal companies, risk pools, and governments, as Milliman consultants Christine Fleming and Travis Grulkowski discuss in this episode of Critical Point.