CompLines is a daily set of pertinent links that we believe will be of interest to our readers. [FL] Senate kills, then resurrects workers-comp bill The News Press State Compensation Insurance Fund OKs staff bonus program Sacramento Bee Bad outcomes, Bad consequences in Texas Evidence Based Editor’s Note: These links lead to outside news sources.… [Continue Reading]
MO State Auditor Releases Audit of Missouri Employers Mutual Insurance Company
February 29, 2012 - WorkCompWire
JEFFERSON CITY – Missouri State Auditor Tom Schweich recently released the audit of the Missouri Employers Mutual Insurance Company (MEM). Because of the unique nature of this audit, no rating was given to this entity. MEM was created by state statute to provide Missouri employers, particularly small businesses, with a means to obtain workers’ compensation… [Continue Reading]
MEM: Voluntary State Audit Affirms MEM’s Sound Processes
February 29, 2012 - WorkCompWire
Columbia, MO—The Board and management of Missouri Employers Mutual have reviewed the final report from Missouri State Auditor Tom Schweich, and the audit’s findings affirm the company’s own internal review. “We’re pleased this audit confirms the results of our own internal reviews: that MEM has proper controls in place… [Continue Reading]
CA Department of Insurance Files Actions Against Zurich over Workers’ Comp Agreements
February 29, 2012 - WorkCompWire
California – The California Department of Insurance recently announced the commencement of an administrative enforcement action against two insurers, Zurich American Insurance Company and Zurich American Insurance Company of Illinois, for using a type of workers’ compensation insurance agreement… [Continue Reading]
ExamWorks Reports Fourth Quarter 2011 Financial Results
February 29, 2012 - WorkCompWire
ATLANTA, GA (MARKETWIRE via COMTEX) — ExamWorks Group, Inc. (NYSE: EXAM), a leading provider of independent medical examinations (“IMEs”), peer reviews, bill reviews and related services, today reported financial results for the fourth quarter of 2011 and announced that it has been awarded three new national accounts… [Continue Reading]
A.M. Best Revises Outlook to Negative for Frank Winston Crum Insurance, Inc.
February 29, 2012 - WorkCompWire
OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Frank Winston Crum Insurance, Inc. (FWCI) (Clearwater, FL). The rating actions reflect FWCI’s poor underwriting and operating results in 2011… [Continue Reading]
WorkCompRecap: Questionable Claims!
February 29, 2012 - WorkCompWire
Today’s issue of WorkCompRecap features The National Insurance Crime Bureau (NICB)’s release of its 2011 Questionable Claims (QC) referral reason analysis. The report covers six categories of referred claims and their reasons, Workers’ Compensation included. Questionable claims are those claims that NICB member insurance companies… [Continue Reading]
CompLines: 2/29/12
February 29, 2012 - WorkCompWire
CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Florida Lawmakers Split on Workers’ Comp Drug Dispensing; Rate Cut Possible Insurance Journal Chartis no longer writing excess workers comp coverage Business Insurance – Comp Time North Dakota’s chickens are coming home to roost Managed Care Matters… [Continue Reading]
NICB Reports 19 Percent Rise in Questionable Claims Since 2009
February 29, 2012 - WorkCompWire
DES PLAINES, Illinois /PRNewswire-USNewswire/ — The National Insurance Crime Bureau (NICB) recently released its 2011 questionable claims (QC) referral reason analysis. The report examines six referral reason categories of claims: property, casualty, workers’ compensation… [Continue Reading]
Express Scripts Unveils Fraud, Waste and Abuse Program for Workers’ Comp
February 29, 2012 - WorkCompWire
T. LOUIS /PRNewswire/ — Express Scripts, Inc. (NASDAQ:ESRX) announced today it has established a comprehensive Fraud, Waste and Abuse (FWA) detection program for workers’ compensation payers, which can help stem the rising costs associated with the widespread abuse of prescription narcotics…
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