December 15, 2017

Patriot National Acquires Brandywine Insurance Advisors

Patriot National

Ft. Lauderdale, FL – Patriot National, Inc. (NYSE: PN) recently announced that it has acquired Brandywine Insurance Advisors, a specialty insurance brokerage focusing on the construction industry. The total purchase price, assuming all earn-out criteria are met, would be $4.2 million. The projected 2015 revenue is $2.8 million. Brandywine, based in…[Continue Reading]

WA L&I: Youth Workplace Injuries On The Rise as Summer Approaches

WA Department of Labor and Industries

Tumwater, WA – More youth, age 17 and under, were injured at work in 2014 compared to the previous year. Falls were the leading cause of injuries in the food and retail industries. Still, youth work-related injuries are down significantly from the highs in the early 2000s. The Washington State Department of Labor & Industries released the…[Continue Reading]

Ohio Man Ordered to Repay $23K for Driving a Taxi While Collecting Workers’ Comp

Ohio BWC

Columbus, OH – John Melvin, of North Bloomfield (Trumbull County), pleaded guilty May 6 in the Franklin County Court of Common Pleas to one count of theft, a fifth-degree felony. BWC received an anonymous allegation that Melvin was working as a taxi driver for the Amish community while receiving workers’ compensation benefits…[Continue Reading]

A New Leader Speaks!

In today’s issue of WorkCompRecap we announce a new leader, and the publishing of their new post in WorkCompWire’s exclusive “Leaders Speak” section, which features leaders from the Workers’ Compensation Industry, and focuses on issues that are timely, relevant, and thought provoking. Are you ready?? …[Continue Reading]

Bob Evans: The Accelerating Change in Paying for Care

Bob Evans

Despite fewer claims, workers’ comp costs continue to rise. In their 2015 Annual Issues Symposium, NCCI reported that the average medical cost per lost-time claim increased by 4 percent in 2014 and that claim severity increases have begun to outpace inflation measures for both medical costs and indemnity. State-mandated controls, such as UR and fee schedules…[Continue Reading]

Ohio BWC: Inaction Could Leave Employers Ineligible for $1.2 Billion WC Credit

Ohio BWC

Columbus, OH – Ohio Bureau of Workers’ Compensation (BWC) Administrator/CEO Steve Buehrer recently reminded Ohio employers they must take action now to ensure they receive their portion of the $1.2 billion premium credit BWC will issue this summer as it updates its billing system. Private employers in an active status are eligible to receive a credit…[Continue Reading]

NASP Selects Accenture to Conduct Industry Competitive Analysis

Accenture

New York, NY – The National Association of Subrogation Professionals (NASP) has commissioned Accenture (NYSE: ACN) to conduct the association’s annual benchmarking research, which is designed to help insurers improve subrogation practices. The research, which has been conducted for more than a decade, includes survey…[Continue Reading]

A.M. Best Revises Outlook to Positive for Ratings of Builders Insurance and Subsidiaries

AM Best

Oldwick, NJ -(BusinessWire)- A.M. Best has revised the outlook to positive from stable and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Builders Insurance (A Mutual Captive Company) and its wholly owned subsidiaries, American Builders Insurance Company (formerly known as Association Insurance…[Continue Reading]

WorkCompRecap: Formulary Findings!

Today’s issue of WorkCompRecap features the Ohio BWC’s announcement of the results of a study on the closed drug formulary it implemented in 2011. Major findings from the study included that injured workers were prescribed 15.7 million fewer opioid doses in 2014 than in 2010, a 37% decrease. The report was delivered by the BWC’s…[Continue Reading]

CompLinks: 5/22/15

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. Controlling work comp medical – Swedlow and Victor weigh in Managed Care Matters Opioid addiction suit puts workers comp payers on alert Business Insurance What You Don’t Know About EAMS WC Mediator Editor’s Note: These links lead… [Continue Reading]

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