December 15, 2017

ACIC: CA Commissioner Makes Responsible Choice with Pure Premium Advisory Rate

ACIC

Sacramento, CA – Commissioner Dave Jones made the right move recently by approving a mid-year increase in the Pure Premium Advisory Rate effective for policies renewing on or after July 1, 2012, said the Association of California Insurance Companies (ACIC). The Commissioner approved a rate of $2.49 per $100 of payroll. While… [Continue Reading]

Valen Partners with Donegal Insurance Group for Predictive Analytics for Workers’ Comp

Valen Technologies

Denver, CO -(BusinessWire)- Property and casualty insurance predictive analytics provider Valen Technologies announced today a new customer engagement with Donegal Insurance Group. Valen will provide its InsureRight product, a predictive analytics solution as a foundation upon which Donegal can more accurately price their current book… [Continue Reading]

CorVel Announces Revenues and Earnings

CorVel

Irvine, CA -(PRNewswire)- CorVel Corporation (NASDAQ: CRVL) today announced the results for the quarter and fiscal year ended March 31, 2012. Revenues for the quarter ended March 31, 2012 were $104 million, a 4% increase over the $100 million in revenue in the March 2011 quarter. Revenues for the fiscal year ended March 31, 2012… [Continue Reading]

WorkCompRecap: New WCRI Report!

Today’s issue of WorkCompRecap features the release of a new edition of WCRI’s CompScope Medical Benchmarks series. In this latest release, California goes under the microscope, with key findings including rapid growth in costs per claim of medical treatments for injured workers in California, after large decreases that resulted from… [Continue Reading]

CompLines: 5/30/12

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. We Know Too Much: New Liabilities Associated with Opioid Abuse Evidence Based UR – we aren’t ready to have the conversation yet Managed Care Matters Opioid painkillers should be monitored electronically: N.Y. grand jury Business Insurance Editor’s… [Continue Reading]

WCRI: Medical Payments Per Claim in CA Growing Rapidly after Post-Reform Decreases

Workers' Compensation Research Institute

Cambridge, MA – The costs per claim of medical treatments for injured workers in California were growing rapidly after large decreases that resulted from system reforms in prior years, according to a new study, CompScope™ Medical Benchmarks for California 12th Edition, from the Workers Compensation Research Institute (WCRI). According… [Continue Reading]

Industrial Commission of Ohio Proposes Reduced Workers’ Compensation Rates

Ohio Industrial Commission

Columbus, OH – Chairman and CEO Karen L. Gillmor recently announced that the Industrial Commission of Ohio has proposed new, lower administrative rates for three of four Ohio employer groups. Chairman Gillmor also announced that a fourth group, while not realizing a reduction, would remain stable with… [Continue Reading]

Accident Fund Holdings Seeks Improvement with Change of Pharmacy Benefit Manager

Accident Fund

Lansing, MI -(PRNewswire)- Accident Fund Holdings, Inc., the tenth largest workers’ compensation insurer in the United States, has begun the transition from Medco Health Solutions to Express Scripts as their new pharmacy benefit manager. Express Scripts leverages its advanced analytics capabilities and insights generated by… [Continue Reading]

Festa Named Chairman of California Insurance Guarantee Association Board

Employers Insurance

Reno, NV -(BusinessWire)- EMPLOYERS (NYSE: EIG) recently announced that Stephen V. Festa, senior vice president and chief claims officer, has been named chairman of the Board of Governors of the California Insurance Guarantee Association (CIGA), a body that pays the claims of insolvent property and casualty insurance carriers… [Continue Reading]

A New Leader Speaks!

Today’s issue of WorkCompRecap starts the short week off strong with the announcement of a new leader, and the publishing of his new post in WorkCompWire’s exclusive “Leaders Speak” section, which features leaders from the Workers’ Compensation Industry, and focuses on issues that are timely, relevant, and thought provoking… [Continue Reading]

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