March 19, 2018

SeaBright Holdings Reports First Quarter 2012 Results

SeaBright Holdings

Seattle, WA -(BusinessWire)- SeaBright Holdings, Inc. (NYSE:SBX) recently announced results for the quarter ended March 31, 2012. For the first quarter of 2012, the Company recorded net income of $8.1 million or $0.37 per diluted share compared to a net loss of ($0.1) million or ($0.01) per diluted share for the same period in 2011. Total revenue… [Continue Reading]

TDI-DWC Approves 7 to Self-Insure for Workers’ Compensation

Texas Dept of Insurance (TDI)

Austin, TX – The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved seven renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These companies collectively employ approximately… [Continue Reading]

ACE Reports First Quarter 2012 Results

ACE Insurance

Zurich -(BUSINESS WIRE)- ACE Limited (NYSE: ACE) today reported net income for the quarter ended March 31, 2012, of $2.84 per share, compared with $0.73 per share for the same quarter last year. Income excluding net realized gains (losses) was $2.05 per share, compared with $0.76 per share for the same quarter last year. Book value… [Continue Reading]

New Leaders Speak!

Today’s issue of WorkCompRecap features the continuation of our “Leaders Speak” series with another installment from Chris Walsh, Principal at Arlington Associates, Inc. You can read Chris’ new article at WorkCompWire… [Continue Reading]

CompLines: 4/24/12

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. North Carolina Employers Face Jail Time Over Uncovered Workers’ Claims Insurance Journal Return to Work CID Review The disturbing claims frequency increase Business Insurance – Comp Time Editor’s Note: These links lead to outside news sources. We… [Continue Reading]

Chris Walsh: Building Better Workers’ Comp Preferred Provider Networks (PPNs)

Chris Walsh

After witnessing the dramatic growth of group health medical provider networks and the resulting managed care savings in the 1980’s, workers’ compensation payors began adding PPNs to their mix of bill and utilization review the following decade. Today these networks are an integral part of virtually every workers… [Continue Reading]

SC WCC Announces Online Medical Bill Dispute Filing and Resolution Process

South Carolina Workers Compensation Commission

Columbia, SC – The South Carolina Workers’ Compensation Medical Services Division is pleased to announce the release of a new online Medical Bill Dispute form to assist users in the filing and resolution of workers’ compensation medical billing issues. State of South Carolina law (42-9-360(d)) provides that “Payment to an authorized health care… [Continue Reading]

Ohio BWC Gets 10 Workers’ Comp Fraud Convictions in March

Ohio BWC

Columbus, OH – Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Steve Buehrer recently announced 10 individuals were convicted of or pleaded guilty to charges related to defrauding Ohio’s workers’ compensation system during March. The court actions are the result of investigations conducted by BWC’s special investigations… [Continue Reading]

CA Insurance Commissioner Announces Arrests for Felony Workers’ Comp Fraud

CA Department of Insurance

Sacramento, CA – Insurance Commissioner Dave Jones today announced that John Applegate, 48, and Camille Applegate, 50, the owners of Hallmark Roofing, Inc. have each been arrested on 24 felony counts for violating Insurance Code Section 11880 (a), Workers’ Compensation Insurance Premium Fraud, and five felony counts each… [Continue Reading]

WorkCompRecap: Reform & Report!

Today’s edition of WorkCompRecap kicks off the week with some reform news, as the Ohio BWC recently announced several targeted reform initiatives they’re supporting. Aside from recently implemented changes within the BWC, such as their drug formulary and pharmacy lock-in program, the BWC’s three main legislative… [Continue Reading]

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