December 15, 2017

Ohio Salesman Sentenced for Workers’ Comp Fraud

Ohio BWC

Columbus, OH – A Steubenville (Jefferson County) man pleaded guilty to fraud after an investigation by the Ohio Bureau of Workers’ Compensation (BWC) showed he was working while receiving workers’ comp benefits. Randall Bridges, Jr. was sentenced in the Franklin County Court of Common Pleas and ordered to repay more than… [Continue Reading]

WorkCompRecap: Experience & Analytics!

Today’s issue of WorkCompRecap features the recent release of the California WCIRB’s Report on Q2 2013 Insurer Experience, which found that written premium increased 21% for the first half of 2013 compared to the first half of 2012. Also of note were a nearly 10% increase in the industry average charged rate since the second half… [Continue Reading]

CompLines: 9/27/13

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. NCCI Files Overall Average WC Loss Cost Level Change of +3.2% in Connecticut Insurance Journal From Spindletop to the Silicon Hills, 100 Years of Workers’ Comp in Texas Texas Mutual Blog RICO lawsuit against Sedgwick, Coca-Cola dismissed… [Continue Reading]

CA WCIRB Releases Report on Q2 2013 Insurer Experience

CA WCIRB

San Francisco, CA – The WCIRB recently completed its report on June 30, 2013 insurer loss and premium experience. Among the report’s major findings are a 21% increase in written premium for the first half of 2013 compared to the first half of 2012, an approximate 10% increase in the industry average charged rate… [Continue Reading]

Valen Analytics Reveals 2014 Outlook Report

Valen Analytics

Denver, CO – Valen Analytics, a provider of proprietary data, analytics and predictive modeling to help insurance carriers manage and drive underwriting profitability, recently unveiled its 2014 Outlook: Commercial Lines report, shedding light on the industry’s top challenges and offering information to better prepare and adapt for 2014… [Continue Reading]

Philadelphia Insurance Companies Names New Senior VP of Field Underwriting

Philadelphia Insurance Companies

Bala Cynwyd, PA -(PRWeb)- Philadelphia Insurance Companies (PHLY), a leading property and casualty insurance company for niche markets, announces the hiring of Kurt D. Hines as Senior Vice President of Field Underwriting. Mr. Hines will be responsible for growing and managing PHLY’s Field Underwriting operations… [Continue Reading]

A.M. Best Comments on Ratings of Eastern Insurance Holdings, Inc. and Its Subsidiaries

AM Best

Oldwick, NJ -(BusinessWire)- A.M. Best Co. has commented that the financial strength rating of A (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of Eastern Insurance Holdings, Inc. (EIHI) [NASDAQ: EIHI] (collectively referred to as Eastern Alliance Insurance Group [EAIG]), as well as Eastern Re Ltd… [Continue Reading]

WorkCompRecap: Questionable Claims!

Today’s issue of WorkCompRecap features the release of a report from the National Insurance Crime Bureau (NICB) on questionable claims in the workers’ comp vertical. Questionable Claims are those referred to the NICB by member companies for closer review and investigation based on one or more indicators of possible fraud… [Continue Reading]

CompLines: 9/26/13

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Maryland’s IWIF to Convert to Private, Not-for-Profit Insurer on Oct. 1 Insurance Journal Orthopedic physician highlights unnecessary procedures Risk & Insurance Fraudulent activities in the WC system CID Review Editor’s Note: These links lead to outside news… [Continue Reading]

NICB: Questionable Workers’ Compensation Claims Increase

NICB

Des Plaines, IL -(PRNewswire)- The National Insurance Crime Bureau recently released an analysis of Workers’ Compensation (WC) questionable claims (QC) referrals submitted from January 1, 2011 through June 30, 2013. The report finds that while the total number of WC claims has been decreasing, the percentage that is deemed “questionable”… [Continue Reading]

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