December 15, 2017

Accident Fund Holdings’ A- (Excellent) Financial Rating Affirmed by A.M. Best

AFHI-Logo2

Lansing, MI – A.M. Best recently announced it has affirmed the financial rating of Accident Fund Holdings, Inc. (AFHI), as A- (Excellent) with a stable outlook. A global credit rating agency, A.M. Best provides news, credit ratings and financial data products and services for the insurance industry. “Solid financial strength and top-tier service continue…[Continue Reading]

Express Scripts Announces 2016 Guidance, Reaffirms 2015 Guidance

Express Scripts

St. Louis, MO – Express Scripts Holding Company (Nasdaq: ESRX) anticipates achieving adjusted earnings per diluted share for 2016 in the range of $6.08 to $6.28, representing growth of 10% to 14% over the mid-point of its previously issued 2015 guidance range. “Our focused model of alignment has positioned us uniquely in the healthcare services…[Continue Reading]

WorkCompRecap: Dramatically Reduced!

Today’s issue of WorkCompRecap features the release of results from researchers at the Johns Hopkins Bloomberg School of Public Health that found a crackdown on Florida’s “pill mills” appears to have dramatically reduced the number of overdose deaths in the state and may have even led to a drop in…[Continue Reading]

‘Pill Mill’ Crackdown Linked to Fewer Painkiller Overdose Deaths in Florida

Johns Hopkins Public Health

Baltimore, MD – A crackdown on Florida’s “pill mills” – clinics dispensing large quantities of prescription painkillers often for cash-only and without proper medical examinations – appears to have dramatically reduced the number of overdose deaths in the state from these drugs and may have also led to a drop in heroin overdose deaths, new…[Continue Reading]

A.M. Best Assigns Ratings to Pinnacol Assurance

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 Pinnacol Assurance (Pinnacol) (Denver, CO). The outlook assigned to both ratings is stable. The ratings reflect Pinnacol’s excellent risk-adjusted capitalization, substantially improved underwriting and overall…[Continue Reading]

CWCI: CA WC Medical Mileage Rate to Decline for 2016 Travel

California Workers Compensation Institute (CWCI)

Oakland, CA – The Internal Revenue Service has announced that the standard mileage rate for business miles will decline 3.5 cents per mile to 54 cents per mile as of January 1, 2016. The California Workers’ Compensation Institute notes that this means the mileage rate that California workers’ compensation claims administrators pay injured workers for…[Continue Reading]

NY Mechanic & Bartender Charged with $25k Combined in Workers’ Comp Fraud

New York State Seal

Elmira, NY – New York State Inspector General Catherine Leahy Scott recently announced the arrests of an Elmira bartender and a self-employed auto mechanic in two separate cases amounting to a combined fraud on the Workers’ Compensation system of more than $25,000. James Hooks, Jr., 56, of 112 Davis St., Elmira, was charged with…[Continue Reading]

WorkCompRecap: Big Bust!

Today’s issue of WorkCompRecap features the California Department of Insurance’s announcement that it recently arrested nine individuals involved in a complex scheme that allegedly targeted more than 230 workers’ comp insurers and self-insured employers. According to the DOI, the owners of…[Continue Reading]

CompLinks: 12/23/15

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. Deck the Halls…Safely Texas Mutual Blog Leadership Thoughts – Mary Beth Sanford Sedgwick Connection Gamification of Therapy Outlook on Outcomes Editor’s Note: These links lead to outside news sources. We check all links, but are not responsible… [Continue Reading]

Nine Arrested in CA for $24 Million Fraudulent Workers’ Comp Billing Scheme

CA Department of Insurance

Los Angeles, CA – Detectives with the California Department of Insurance recently arrested nine individuals involved in a complex scheme allegedly targeting more than 230 workers’ compensation insurers and self-insured employers. Siblings Francisco Javier Gomez, Jr., 32, and Angela Rehmann, 38, owners of G&G Interpreting services…[Continue Reading]

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