December 16, 2017

A.M. Best Comments on ProAssurance’s Planned Acquisition of Eastern Insurance

AM Best

Oldwick, NJ -(BusinessWire)- A.M. Best Co. has commented that the financial strength, issuer credit and debt ratings of ProAssurance Corporation (NYSE:PRA) remain unchanged following the announcement of PRA’s proposed acquisition of Eastern Insurance Holdings, Inc. (NASDAQ:EIHI). Pursuant to the agreement, PRA will acquire… [Continue Reading]

AgencyPortal goes Live at EMPLOYERS

Agencyport

Boston, MA -(BusinessWire)- Agencyport Software, a leading provider of software and services to the global insurance and reinsurance industries, recently announced that EMPLOYERS® (NYSE: EIG), America’s small business insurance specialist®, is live with AgencyPortal™, a state of the art, web-based distribution platform… [Continue Reading]

US Attorney: CA Man Pleads Guilty to Lying to Obtain Federal Workers’ Comp Benefits

US Attorneys Office Seal

Sacramento, CA – Bruce Lee Cearlock, 78, of Auburn, recently pleaded guilty to making false statements to obtain federal workers’ compensation benefits, United States Attorney Benjamin B. Wagner has announced. This case is the product of an investigation by the Department of Defense, Defense Criminal Investigative Service… [Continue Reading]

WorkCompRecap: And Another Acquisition!

Today’s issue of WorkCompRecap features some mid-week M&A news as Eastern Insurance Holdings has announced it will be acquired ProAssurance in an all-cash deal. EIHI will merge with a newly formed subsidiary, thus becoming a wholly-owned subsidiary of ProAssurance. The transaction, which has an aggregate value of… [Continue Reading]

CompLines: 9/25/13

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Health reform will aggravate doctor shortage and delay workers comp care Business Insurance Pharmacies and physicians CID Review CMS Issues Interim Final Rule on Conditional Payment Web Portal Required by the SMART Act Medicare Insights Editor’s Note:… [Continue Reading]

Eastern Insurance Holdings, Inc. to be Acquired by ProAssurance Corporation

Eastern Insurance Holdings, Inc.

Birmingham, AL -(PRNewswire)- ProAssurance Corporation (NYSE: PRA) and Eastern Insurance Holdings, Inc. (NASDAQ: EIHI) recently announced that Eastern Insurance Holdings will merge with a newly formed subsidiary of ProAssurance Corporation in an all-cash transaction that values Eastern at $24.50 per share. As a result of… [Continue Reading]

TDI DWC: WC Weekly Benefit Rates Set for October 1, 2013 – September 30, 2014

Texas Dept of Insurance (TDI)

Austin, TX – In accordance with the Texas Labor Code (TLC) §408.047, the workers’ compensation state average weekly wage is equal to 88 percent of the average weekly wage in covered employment as computed each year by the Texas Workforce Commission under TLC §207.002(c). The workers’ compensation state average weekly… [Continue Reading]

CA Insurance Commissioner Appoints New Deputy Commissioner of Enforcement

CA Department of Insurance

Sacramento, CA – Insurance Commissioner Dave Jones recently announced the appointment of Eric Weirich to the position of deputy commissioner of the enforcement branch of the California Department of Insurance (CDI). “I am extremely confident in Eric’s ability to lead the enforcement branch and advance our mission of insurance… [Continue Reading]

Ohio Man Sentenced for Working while Receiving Workers’ Comp

Ohio BWC

Columbus, OH – A New Philadelphia man pleaded guilty to theft and was sentenced in connection with working while receiving workers’ comp benefits. A judge in the Franklin County Court of Common Pleas ordered Cecil Ball to repay nearly $10,000. “Mr. Ball was attempting to take advantage of a benefit that is reserved for inured workers… [Continue Reading]

New Leaders Speak Post!

Today’s issue of WorkCompRecap features the continuation of our “Leaders Speak” series with another installment from Steve Pratt, Senior VP of Professional Competence at Gallagher Bassett! You can read Steve’s new article at WorkCompWire… [Continue Reading]

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