December 15, 2017

Chubb Reports Second Quarter 2012 Results

Chubb Insurance

Warren, NJ -(PRNewswire)- The Chubb Corporation [NYSE: CB] today reported that net income in the second quarter of 2012 was $404 million compared to $419 million in the second quarter of 2011. Net income per share increased 4% to $1.48 from $1.42. Operating income, which the company defines as net income excluding after-tax… [Continue Reading]

WorkCompRecap: Formulary Forecast…

Today’s edition of WorkCompRecap features some interesting news from Ohio’s BWC on early results from their first ever formulary and a number of other pharmacy management initiatives that are helping in efforts to increase positive outcomes for injured workers. Early data from the report shows that from February to April 2012, the newly enacted… [Continue Reading]

Ohio BWC Pharmacy Efforts Aim to Aid Injured Workers

Ohio BWC

Columbus, OH – A report to the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors outlined how the bureau’s first ever formulary and a number of other pharmacy management initiatives are helping in efforts to increase positive outcomes for injured workers. This report includes early data showing a newly enacted formulary… [Continue Reading]

MA Business Owner Arraigned in Connection With Workers’ Compensation Fraud

Massachusetts State Seal

Boston, MA – A Woburn business owner has been arraigned on charges he failed to accurately report his total payroll or number of employees to his insurance provider to avoid paying the proper insurance premium, Attorney General Martha Coakley announced today. Edward App, 50, was arraigned on charges of Workers’… [Continue Reading]

Emanuel Lauria Named EVP, Global Sales and Marketing at Crawford

Crawford

Atlanta, GA -(PRNewswire)- Emanuel V. Lauria has joined Crawford & Company (NYSE: CRDA; CRDB), the world’s largest independent provider of claims management solutions, to serve in the newly created position of executive vice president of sales and marketing for the global organization. In this role, Lauria is responsible for… [Continue Reading]

EAIG Appoints Steven Weeks Regional Business Executive for New Gulf South Regional Office

Eastern Insurance Holdings, Inc.

Lancaster, PA -(PRNewswire)- Eastern Insurance Holdings, Inc. announced today that Steven Weeks has joined Eastern Alliance Insurance Group (“EAIG”) as its Regional Business Executive for the Gulf South territory. EAIG, an indirect wholly-owned subsidiary of EIHI, is a domestic casualty insurance group specializing in workers’… [Continue Reading]

WorkCompRecap: New NCCI Report!

Today’s issue of WorkCompRecap finishes out the week strong with another new report from NCCI – the 2012 update of their study on Workers Compensation Temporary Total Disability (TTD) Indemnity Benefit Duration. The study had previously found that the average duration of TTD indemnity benefits began to increase at the beginning… [Continue Reading]

CompLines: 7/27/12

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Courage in Illinois: Doing the Right Thing on Repackaging Evidence Based Doctors dispensing drugs for workers’ compensation CID Review Expect more workers compensation insurance price increases Business Insurance – Comp Time Editor’s Note: These links lead to… [Continue Reading]

NCCI Releases 2012 Update on Temporary Total Disability Indemnity Benefit Duration

NCCI Holdings, Inc.

Boca Raton, FL – National Council on Compensation Insurance (NCCI) recently released the 2012 update of their study on Workers Compensation Temporary Total Disability Indemnity Benefit Duration. NCCI’s previous study found that the average duration of Temporary Total Disability (TTD) indemnity benefits began to increase… [Continue Reading]

Texas Mutual Distributes $150M in Dividends Among Qualifying Policyholder Owners

Texas Mutual

Austin, TX – Texas Mutual Insurance Company announced today that it has begun distributing $150 million in workers’ compensation dividends among approximately 40,000 qualifying policyholders. “As a mutual insurance company, our responsibility is to our policyholders,” said Bob Barnes, chairman of Texas Mutual’s board… [Continue Reading]

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