| Documenting economic loss
can be a very complex task. Many types of information need to be gathered depending
on the period studied, the form of compensation and the type of employee benefits
provided. The specific
information needed is listed in detailed checklists by type of case. While every
effort should be made to secure this data, in most cases, not all of the information
will be readily available. Although
the best reports have strong documentation, many reports can be completed with
only limited data. In these cases, reasonable estimates can be obtained by using
statistical or survey information as substitutes for missing items. Only
submit information that relates to economic loss. Some examples of unnecessary
extraneous information are performance appraisals, medical records, health insurance
policy coverages and attendance records. Please
contact me with any questions that arise in gathering checklist data.
- Sheldon
Wishnick, Fellow, Society of Actuaries
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