December 5, 2017

Texas Mutual Board Approves $260 Million Policyholder Dividend Distribution

Texas Mutual

Austin, TX – Texas Mutual Insurance Company recently announced that its board of directors voted unanimously to approve a company-record $260 million dividend distribution in 2017. Qualifying policyholder owners across Texas will share the dividend, which will be distributed beginning in June. Texas Mutual has paid more than $2.2 billion…[Continue Reading]

Next Level Administrators Announces Visual Data Analytics Platform

Next Level Administrators

Bradenton, FL – Next Level Administrators (NLA) recently announced it will demonstrate E3VA, its visual data analytics platform, at the RIMS conference taking place April 24 to 26 in Philadelphia, PA. E3VA is a next generation data platform integrating policy, payroll, premium, and claims data that empowers NLA clients with actionable…[Continue Reading]

Sedgwick Endows Scholarship in Memory of Former COO Steve Penman

Sedgwick

Memphis, TN – Sedgwick recently announced that it has pledged $100,000 to the Spencer Educational Foundation over three years to establish the Steven E. Penman Memorial Scholarship in tribute to the company’s late chief operating officer. In line with the foundation’s mission of funding the education of tomorrow’s risk management…[Continue Reading]

CA Defendant Sentenced for Workers’ Comp Fraud & Tax Evasion

Monterey County DA

Salinas, CA – Monterey County District Attorney Dean D. Flippo recently announced that Chang Tai Lin, age 53, of Salinas, was sentenced by Judge Andrew G. Liu. On March 3, 2017, the defendant pled to two counts of making a material misrepresentation in order to obtain a lower workers’ compensation insurance premium and one count of…[Continue Reading]

WorkCompRecap: Busts & Bills!

Today’s issue of WorkCompRecap features the California Department of Insurance and Orange County DA’s announcement of the shutdown of a $40 million fraudulent workers’ comp medical billing and kickback operation with the filing of charges against more than two dozen doctors, pharmacists and business owners. Authorities…[Continue Reading]

CompLinks: 4/21/17

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. Problem-Solving Perplexity for California and New York UR Nation What Iowa’s new workers’ compensation changes mean SFM Simply Work Comp CO Moves Closer to Covering PTSD For First-Responders with Legislation Passed in Senate WC Insights Editor’s Note: These links… [Continue Reading]

26 CA Docs, Pharmacists & Biz Owners Charged in $40 Million WC Kickback Scheme

CA Department of Insurance

Orange County, CA – Insurance Commissioner Dave Jones and Orange County District Attorney (OCDA) Tony Rackauckas recently announced the shutdown of a $40 million fraudulent medical billing and kickback operation with the filing of charges against more than two dozen doctors, pharmacists and business owners. Tanya Moreland…[Continue Reading]

Mitchell Utilizes New Technology to Improve WC Specialty Bill Review

Mitchell

San Diego, CA – Mitchell International recently introduced the next level and evolution of its specialty bill review for the workers’ compensation market. After acquiring Qmedtrix in October 2016, Mitchell developed this new solution by integrating Qmedtrix’s product platform with the specialty bill review and provider negotiation systems that make up…[Continue Reading]

Amerisure Appoints New Chief Underwriting Officer

Amerisure

Farmington Hills, MI – Amerisure Mutual Insurance Company recently announced that Jayashree Ishwar has joined the company as chief underwriting officer. In this position, Ishwar reports to Amerisure President and CEO Greg Crabb. Ishwar will be accountable for Corporate Underwriting, Loss Control, Advanced Analytics and Product…[Continue Reading]

Travelers Reports First Quarter 2017 Results

Travelers Insurance Work Comp

New York, NY – The Travelers Companies, Inc. recently reported net income of $617 million, or $2.17 per diluted share, for the quarter ended March 31, 2017, compared to $691 million, or $2.30 per diluted share, in the prior year quarter. Core income in the current quarter was $614 million, or $2.16 per diluted share, compared to $698 million…[Continue Reading]

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