March 20, 2018

Chubb Reports Second Quarter Net Income per Share of $2.03

Chubb Insurance

Warren, NJ – The Chubb Corporation [NYSE: CB] recently reported that net income in the second quarter of 2014 was $499 million compared to $579 million in the second quarter of 2013. Net income per share declined 8% to $2.03 from $2.21. Operating income, which the company defines as net income excluding after-tax realized… [Continue Reading]

Former Ohio Man Ordered to Repay More Than $26K in Workers’ Comp Benefits

Ohio BWC

Columubus, OH – A former Milford (Clermont County) man was recently ordered to pay more than $26,000 in workers’ compensation restitution. David Delvecchio pleaded guilty April 29 in Franklin County Common Pleas Court to one count of workers’ compensation fraud, a fifth-degree felony, after the Ohio Bureau of Workers’ Compensation… [Continue Reading]

New Leaders Speak Post!

Today’s issue of WorkCompRecap features the continuation of our “Leaders Speak” series with another installment from Jill Benner, Principal and Co-Founder at CEU Institute! You can read Jill’s new article at WorkCompWire… [Continue Reading]

CompLines: 7/29/14

CompLines is a daily set of pertinent links that we believe will be of interest to our readers. Friday catch-up – the work comp world Managed Care Matters Old Injuries Shouldn’t Be Denied New Medical Services WC Insights Judge OKs Ohio Workers’ Comp Settlement Insurance Journal Editor’s Note: These links lead to outside news sources.… [Continue Reading]

Jill Benner: State CE Requirements: Anticipating and Understanding the Historical and Recent Changes

Jill Benner

Over the past decade, the number of adjuster states that require CE has doubled while nursing states have remained fairly static. In most situations, claims examiner states have been fair in providing ample time to learn of the change, grandfather in the requirement, and provide helpful information for the added legislation. Many of the states that have added CE requirements… [Continue Reading]

WV Gov Tomblin Announces Tenth Consecutive Reduction in Workers’ Comp Rates

West Virginia State Seal

Charleston, WV – Gov. Earl Ray Tomblin recently announced West Virginia employers will see a projected $32 million in workers’ compensation premium reductions in the coming year, and have seen a savings of more than $280 million since the program was privatized in 2005. This week, the National Council on Compensation Insurance (NCCI)… [Continue Reading]

Kim Radcliffe, PT, MHA, Named President of Align Networks

Align Networks

Jacksonville, FL – Align Networks, a One Call Care Management business unit and provider of workers’ compensation physical medicine programs, recently announced that Kim Radcliffe, PT, MHA has been promoted to president of the business unit. Radcliffe most recently served as vice president of operations and has been with Align Networks… [Continue Reading]

A.M. Best Assigns Debt Rating to Liberty Mutual Notes, Comments on NICO

AM Best

Oldwick, NJ -(BusinessWire)- A.M. Best has assigned a debt rating of “bbb” to the $750 million 4.850% senior unsecured notes due 2044, issued by Liberty Mutual Group Inc. (LMGI) (Boston, MA). The outlook assigned is stable. The existing ratings of LMGI and its subsidiaries are unchanged. LMGI intends to use the net proceeds… [Continue Reading]

WorkCompRecap: Settling Up!

Today’s issue of WorkCompRecap features the Ohio BWC’s recent announcement that it has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the State of Ohio over the BWC’s pricing policies in place from 2001-2008. Details of the settlement include the creation of $420 million fund… [Continue Reading]

Ohio BWC Reaches Agreement in Principle to Settle San Allen Lawsuit

Ohio BWC

Columbus, OH – Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Steve Buehrer recently announced that the bureau has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the State of Ohio over BWC pricing policies that were in place between 2001 and 2008. Buehrer issued… [Continue Reading]

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