December 7, 2017

RAND Posts New Research Brief on Workers’ Comp Reform’s Effects on RTW

RAND

From the Brief: “In 2004, California passed Senate Bill 899 (SB 899), which introduced sweeping reforms to the workers’ compensation system designed to reduce employer costs and simultaneously improve outcomes for injured workers. It overhauled the permanent-disability rating system, reduced parties’ ability to “shop” for physicians, reformed medical treatment, and stimulated return to work by… [Continue Reading]

Coventry Adds Two New Members to Senior Leadership Team

Coventry Workers' Comp Services

Franklin, TN – Coventry Workers’ Comp Services, Inc., a division of Coventry Health Care, Inc., announces the addition of Mark Farrell and Betsy Robinson as its two newest members of the company’s senior management team. Farrell joins Coventry as senior vice president of sales and account management while Robinson will take on the role of… [Continue Reading]

myMatrixx® hires Michael Geis as Director of IT Infrastructure

myMatrixx

Tampa, Fla. (Vocus/PRWEB) – myMatrixx®, a leading provider of pharmacy management solutions in the workers’ compensation arena, announced today that Michael Geis has joined the company as Director of IT Infrastructure. With more than 15 years of technology leadership in a number of different industries, Mr. Geis brings extensive experience in IT services, security, compliance… [Continue Reading]

EMC Insurance Group Inc. Reports 2010 Fourth Quarter and Year-End Results

EMC Insurance Companies

DES MOINES, Iowa–(BUSINESS WIRE)–EMC Insurance Group Inc. (Nasdaq OMX/GS:EMCI) today reported operating income of $0.71 per share for the fourth quarter ended December 31, 2010, compared to operating income of $0.98 per share for the fourth quarter of 20091. Operating income for the year ended December 31, 2010 was $2.21 per share, compared to $2.55… [Continue Reading]

AIG Reports Fourth Quarter Net Income of $11.2 Billion

AIG Logo

American International Group, Inc. (NYSE: AIG) today reported net income of $11.2 billion for the quarter ended December 31, 2010, and $7.8 billion for the full year 2010. Diluted earnings per share were $16.60 for the fourth quarter and $11.60 for the full year, compared with a loss of $18.53 for the third quarter of… [Continue Reading]

Erie Indemnity Reports Fourth Quarter 2010 Results

Erie Insurance

4Q 2010 Highlights Indemnity Shareholder Interest Net income attributable to Indemnity per share-diluted was $0.22 per share in the fourth quarter of 2010 compared to net income per share-diluted of $0.43 per share in the fourth quarter of 2009. Net operating income attributable to Indemnity per share (excluding net realized gains or losses and impairments… [Continue Reading]

2010 NICB Fraud Report Released!

Today’s issue of WorkCompRecap features more industry report news with the 2010 issue of the National Insurance Crimes Bureau (NICB)’s Questionable Claims (QC) Referral Reasons analysis. Questionable claims here are defined as claims that NICB member insurers refer to the NICB for closer review and investigation. While the report covers six referral reason categories, ranging… [Continue Reading]

Marty Ovens named as Vice President, Business Development at MSC

MSC Care Management

Jacksonville, Fla. (February 22, 2011) – MSC announced Marty Ovens as its new Vice President of Business Development today. In this role, Ovens will work closely with MSC’s executive team and its national sales organizations to further grow and expand the company’s business. A veteran sales and marketing executive, Marty’s 20-year experience in the workers’… [Continue Reading]

NICB Reports a 24 Percent Rise in Suspicious Claims Since 2008

National Insurance Crime Bureau

DES PLAINES, Ill.,/PRNewswire/ — The National Insurance Crime Bureau (NICB) today released its 2010 questionable claims (QC) referral reason analysis. The report examines six referral reason categories of claims: property, casualty, commercial, workers’ compensation, vehicle and miscellaneous referred in 2010, with those referred in 2008 and 2009. In 2008, a total of 74,146 QCs were… [Continue Reading]

Employers Holdings, Inc. Reports Q4 and FY 2010 Earnings and Declares Q1 2011 Dividend

Employers Workers Comp

RENO, Nev.,/PRNewswire/ – Key Highlights Increased fourth quarter net income 25 cents per share or by 78.9% and net income before the LPT 24 cents per share or by 132.6% year over year Increased fourth quarter written premium $6.1 million or 8.4% year over year Decreased underwriting and other operating expenses 36.5% year over year… [Continue Reading]

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