December 7, 2017

Dax Craig: Winners and Losers in the Evolving Workers’ Compensation Landscape

Dax Craig

Commercial lines insurance is tricky. On the one hand, it’s one of the last bastions of niche underwriting expertise — there are specialist writers who know their markets better than anyone else and enjoy customer loyalty and consistently superior profits as a result. On the other hand, it’s still simply insurance — and it’s experiencing many of the same symptoms that the rest of…[Continue Reading]

CA DIR Issues Notice of Public Hearings for Return-to-Work Supplement Program

CA DIR

San Francisco, CA – The Department of Industrial Relations (DIR) has posted proposed changes to the California Code of Regulations to implement the Return-to-Work Supplement Program, one of the workers’ compensation reforms mandated by SB 863. This program is intended to provide supplemental payments to workers whose permanent…[Continue Reading]

W. R. Berkley Corporation Announces Senior Executive Appointments

WR Berkley

Greenwich, CT -(BusinessWire)- W. R. Berkley Corporation (NYSE:WRB) recently announced the appointment of John K. Goldwater as senior vice president. Mr. Goldwater will have oversight responsibility for certain of the Company’s operating units. James B. Gilbert will succeed Mr. Goldwater as president of BerkleyNet Underwriters…[Continue Reading]

The Hartford Reports Third Quarter 2014 Results

The Hartford

Hartford, CT – The Hartford (NYSE:HIG) reported core earnings of $477 million for the three months ended Sept. 30, 2014 (third quarter 2014), up 15% from $416 million in third quarter 2013. The increase in core earnings was principally due to improved property and casualty (P&C) underwriting results and higher income from limited partnerships…[Continue Reading]

WorkCompRecap: New WCRI Report!

Today’s issue of WorkCompRecap features the release of a new WCRI report that pulls together relevant findings from a variety of its studies to examine and estimate the impacts of several fee schedule changes that went into effect in California as a result of SB 863, primarily the change to an RBRVS fee schedule for professional services and…[Continue Reading]

New WCRI Report: Estimating the Effect of California’s Fee Schedule Changes

Workers' Compensation Research Institute

Cambridge, CT – When California Senate Bill (SB) 863 took effect January 1, 2013, it ushered in several important fee schedule changes in the California workers’ compensation system. To better understand the possible effect of these changes on prices and payments in California relative to other states, as well as their potential impact…[Continue Reading]

Ohio BWC: Workers’ Comp Rates for Local Governments Headed Down Again

Ohio BWC

Columbus, OH – Ohio public employers applauded an average 9.1 percent reduction in workers’ compensation rates for local governments that was recently approved by the Ohio Bureau of Workers’ Compensation (BWC) Board of Directors. The new rates covering 3,800 cities, counties, townships, villages, schools and special districts…[Continue Reading]

Chubb Reports Third Quarter 2014 Results

Chubb Insurance

Warren, NJ – The Chubb Corporation [NYSE: CB] recently reported that net income in the third quarter of 2014 increased to $594 million from $541 million in the third quarter of 2013. Net income per share increased 18% to $2.47 from $2.10. Operating income, which the company defines as net income excluding after-tax realized investment…[Continue Reading]

Los Angeles County Probation Officer Arrested for Disability Fraud

CA Department of Insurance

Los Angeles, CA – Cynthia Wesley, 46, of Claremont, was recently arrested by Los Angeles Sheriff’s Deputies on two felony counts of insurance fraud after allegedly altering workers’ compensation documents and illegally collecting $1,036 in disability payments. “Falsifying documents to receive unearned disability payments is a serious…[Continue Reading]

WorkCompRecap: Intervention & Inception!

Today’s issue of WorkCompRecap features EK Health’s announcement of the launch of its Prescription Intervention program. The program is geared towards ensuring that medications prescribed for injured workers are appropriate and necessary, addressing the issue of medication as a key driver in rising medical costs, and helping…[Continue Reading]

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