December 15, 2017

Crawford & Company Reports 2014 Q4 and Annual Results, Issues 2015 Guidance

Crawford

Atlanta, GA – Crawford & Company (NYSE: CRDA and CRDB), the world’s largest independent provider of claims management solutions to insurance companies and self-insured entities, recently announced its financial results for the fourth quarter and year ended December 31, 2014. The Company’s two classes of stock are substantially…[Continue Reading]

Ohio Woman Sentenced for Workers’ Comp Fraud, Ordered to Pay $9K

Ohio BWC

Columbus, OH – A South Euclid (Cuyahoga County) woman was sentenced Feb. 10 in Franklin County Court of Common Pleas for working while receiving workers’ compensation benefits. Brecia Whitten pleaded guilty to one count of workers’ compensation fraud, a fifth-degree felony. “BWC uses various techniques to detect whether someone…[Continue Reading]

WorkCompRecap: Seismic Shifts!

Today’s issue of WorkCompRecap features a Guest Post from well known industry author and consultant Peter Rousmaniere on the latest disruptive trends affecting the Workers’ Comp industry now, and into the future. Peter found four key areas that warrant special attention, including declines in frequency and number of work injuries and…[Continue Reading]

CompLinks: 2/25/15

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. The Business Case for Employee Wellness Programs Texas Mutual Peter Rousmaniere’s Seismic Shifts in Workers’ Comp: A Thought-Provoking Call To Arms Workers’ Comp Insider Using Telemedicine in Workers Compensation ReduceYourWorkersComp Editor’s Note: These links lead to outside… [Continue Reading]

Guest Post: Peter Rousmaniere: Change You Should Not Ignore

Peter Rousmaniere

The $85 billion workers’ compensation industry is shrinking. Big data is penetrating everywhere. Injury risk is fading into a broadening array of employee absence risks. Considering these trends, are you ready to adapt and change? I devoted much of 2014 to exploring trends that are disrupting one aspect or another in workers’ compensation…[Continue Reading]

CA State Fund Board of Directors Declare $37 Million Policyholder Dividend

SCIF

San Francisco, CA – State Fund Compensation Insurance Fund’s Board of Directors has approved a $37 million dividend to qualifying policyholders for the 2014 policy year. The dividend represents approximately 2.6 percent of policyholders’ 2014 estimated annual premium. “In addition to declaring a $37 million dividend, we strengthened…[Continue Reading]

Ohio BWC Gets Five Workers’ Comp Fraud Convictions in January

Ohio BWC

Columbus, OH – Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Steve Buehrer recently announced that five individuals were convicted of, or pleaded guilty to, charges related to defrauding Ohio’s workers’ compensation system in January 2015. These court actions are the result of investigations conducted by BWC’s…[Continue Reading]

A.M. Best Assigns Ratings to MountainPoint Insurance Company

AM Best

Oldwick, NJ -(BusinessWire)- A.M. Best has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to MountainPoint Insurance Company (Phoenix, AZ), following the Arizona Department of Insurance’s approval of the 100% quota share reinsurance agreement between this shell company and its parent…[Continue Reading]

New Leaders Speak Post!

Today’s issue of WorkCompRecap features the continuation of our “Leaders Speak” series with another installment from Lief G. Goodson, CEO of Bunch CareSolutions, A Xerox Company! You can read Lief’s new article at WorkCompWire…[Continue Reading]

CompLinks: 2/24/15

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. Opt Out: A Tale of Two Tweets Evidence Based Friday update Managed Care Matters N.H. Lawmakers Work to Tackle High Workers’ Comp Costs Insurance Journal Editor’s Note: These links lead to outside news sources. We check all… [Continue Reading]

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