December 15, 2017

CorVel Announces Revenues and Earnings

CorVel

IRVINE, Calif. /PRNewswire/ — CorVel Corporation (NASDAQ: CRVL) today announced the results for the quarter and fiscal year ended March 31, 2011. Revenues for the quarter ended March 31, 2011 were a record $100 million, a 15% increase over the $88 million in revenue in the March 2010 quarter. Revenues for the fiscal year ended… [Continue Reading]

Agreement Reached!

Today’s issue of WorkCompRecap features our second round of legislative news in a week, as Washington Governor Chris Gregoire recently announced that the Legislature had finally reached an agreement on Workers’ Comp reforms in a special legislative session. The deal is expected to save somewhere around $900 million over the next four years. Gregoire counted… [Continue Reading]

Washington Legislature Reaches Workers’ Comp Agreement

Washington Governor

Washington Gov. Chris Gregoire today was joined by Senate Majority Leader Lisa Brown, House Speaker Frank Chopp, Senate Minority Leader Mike Hewitt and House Minority Leader Richard DeBolt to announce an agreement on workers’ compensation. Gregoire issued the following statement on negotiations surrounding workers’ compensation reform: “This session we have made significant progress to create… [Continue Reading]

Texas Mutual Board Approves $155M Policyholder Dividend Distribution

Texas Mutual

AUSTIN, Texas–(BUSINESS WIRE)–Texas Mutual Insurance Company’s board of directors has approved the company’s plan to distribute $155 million in workers’ compensation dividends in 2011. Dividends reward loyal policyholders who share Texas Mutual’s commitment to preventing workplace accidents and helping injured workers get back on the job. “As a mutual insurance company, Texas Mutual is not… [Continue Reading]

CA Insurance Commissioner Announces Arrest of Business Owners for Work Comp Premium Fraud

CA DOI

Insurance Commissioner Dave Jones today announced that Valery Alena Thompson, 31, and her husband Earl James Thompson, 47, have been charged with one count each of violating section 11880(a) of the California Insurance Code. Valery Thompson, President and CEO for Russell/Thompson, Inc. was arrested on May 19, 2011 by authorities in Lakewood, Colorado. Her husband,… [Continue Reading]

Montana State Fund Board Declares Decrease in Rates for upcoming Policy Year

Montana State Fund

The Montana State Fund (MSF) Board of Directors adopted an overall average decrease of twenty percent (20%) for premium rates effective July 1, 2011. Rates may differ as individual class codes can vary up or down each year from the prior year rates, depending on the average losses for all the businesses in the class… [Continue Reading]

On a Roll!

Today’s issue of WorkCompRecap features news from a topic that is very quickly becoming one of our most popular -acquisitions- as Avizent, a national claims and risk management service provider, announced their acquisition of F.A. Richard and Associates (FARA), a nationwide provider of claims administration and risk management solutions. According to Avizent, this acquisition will… [Continue Reading]

Westfield Insurance Launches Volunteer Program to Reduce Workers’ Compensation Costs

Westfield Insurance

ReEmployAbility, Inc. is proud to have been selected as the return to work service partner for Westfield Insurance. Westfield will utilize ReEmployAbility’sTransition2Work program, branded as WesWorks, to provide transitional, temporary positions with non-profit agencies for injured workers who are unable to return to their normal job duties. This resource will be available specifically for employers… [Continue Reading]

Theodore R. Werckman Joins Patriot National Insurance Group

Patriot National Insurance Group

FORT LAUDERDALE, Fla. /PRNewswire/ — Patriot National Insurance Group announced today that Theodore Werckman has joined its team as Alternative Market Underwriting Manager of its PEO unit. As Alternative Market Underwriting Manager, Mr. Werckman will oversee Guarantee Insurance Company and Patriot Underwriters’ PEO renewals and new business. He reports to John Harris, Director of Underwriting… [Continue Reading]

Avizent Acquires Nationwide Risk Management Provider F.A. Richard and Associates

Avizent

COLUMBUS, Ohio /PRNewswire/ — Avizent, a national claims and risk management service provider, announced today the acquisition of F.A. Richard and Associates (FARA), a nationwide provider of claims administration and risk management solutions based in Mandeville, Louisiana. With this acquisition, Avizent will become the third largest independently owned TPA in the industry. The company expands… [Continue Reading]

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