December 15, 2017

CWCI Measures California WC Inpatient Hospital Utilization and Spinal Surgery Trends

California Workers Compensation Institute (CWCI)

Oakland, CA – A new California Workers’ Compensation Institute (CWCI) study finds that the number of inpatient hospital stays in California workers’ compensation declined by 15.6 percent between 2008 and 2013, slightly less than the decline noted for hospital stays paid under private coverage, but significantly more than the declines noted in…[Continue Reading]

GENEX Develops Ebola Guidelines for the Workers’ Comp Industry

GENEX

Wayne, PA – As health care experts worldwide work diligently to curb the spread of the deadly Ebola virus, GENEX Services, LLC (GENEX), one of the nation’s largest providers of managed care services, is doing its part by issuing one of the first workers’ compensation-specific clinical guidelines on treating the infectious, and potentially fatal, disease…[Continue Reading]

Patriot National Announces Filing of Registration Statement for IPO

Patriot National

Ft. Lauderdale, FL – Patriot National, Inc. recently announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. UBS Securities LLC, BMO Capital Markets Corp. and SunTrust Robinson Humphrey, Inc. are acting as joint book-running managers of the offering…[Continue Reading]

A.M. Best Reaffirms Financial Strength Rating for Chesapeake Employers

Chesapeake Employers Insurance Company

Towson, MD – A.M. Best Co. has reaffirmed a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” for Chesapeake Employers’ Insurance Company as of December 9, 2014. The outlook assigned by A.M. Best to both ratings is stable. In October 2013, Chesapeake Employers transitioned from an independent state agency…[Continue Reading]

WorkCompRecap: TRIA & Tribulation!

Today’s issue of WorkCompRecap follows up on yesterday’s TRIA non-renewal news with a Guest Post from well known industry author and consultant Peter Rousmaniere. In his post Peter addresses two main questions: When it comes to workers’ compensation, who would benefit from renewal, and who would be harmed by non-renewal…[Continue Reading]

CompLinks: 12/19/14

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. With TRIA Renewal Efforts Killed, Some Predict Market Chaos Insurance Journal Why TRIA failed in the Senate PC 360 Marijuana Impact on Workers Compensation ReduceYourWorkersComp Editor’s Note: These links lead to outside news sources. We check all… [Continue Reading]

Guest Post: Peter Rousmaniere: TRIA Non-Renewal: No Loss to Workers

Peter Rousmaniere

The failure to renew the Terrorism Risk Insurance Act (TRIA) – first enacted in 2002, renewed in 2005 and 2007 – raises two questions: Who would have benefited from renewal, and who is harmed by non-renewal, with regards to workers’ compensation? Workers did not benefit from TRIA. They may benefit from its non-renewal. For them, TRIA was useless…[Continue Reading]

VA SCC Workers’ Compensation Premium Level Adjustments

Virginia State Seal

Richmond, VA – The State Corporation Commission (SCC) has approved revisions to the premium levels charged for workers’ compensation insurance in Virginia. Workers’ compensation insurance provides medical care and wage replacement benefits to injured workers. Almost all Virginia employers are required to provide the…[Continue Reading]

J.J. Schmidt Joins WellComp Managed Care Services to Lead Product Development Efforts

WellComp

Brentwood, TN – WellComp Managed Care Services recently announced that J.J. Schmidt has joined the company as Senior Vice President, Managed Care. In this role, J.J. will focus on developing products to meet new and emerging needs of our clients. He will also lead WellComp’s efforts to continually improve processes to deliver the…[Continue Reading]

myMatrixx’s Jaelene Fayhee Honored as CompPharma 2014 Person of the Year

myMatrixx

Tampa, FL – Jaelene Fayhee, Compliance and Government Affairs Director for myMatrixx, has been named CompPharma’s Person of the Year award for 2014. CompPharma is a consortium of workers’ compensation pharmacy benefit management (PBM) companies that provides a platform for developing cost-effective tools and services that benefit its…[Continue Reading]

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