November 14, 2017

Record Recorded!

Today’s issue of WorkCompRecap features the release of a new report from A.M. Best that found that the workers’ compensation sector reported a record high $58.5 billion in direct premiums written in 2016 despite economic, regulatory and legal issues that threaten to reshape the market. Best noted that despite the record…[Continue Reading]

CompLinks: 9/29/17

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. Facetime with Phil Walls: The Opioid Crisis and the Connecticut Workforce myMatrixx Blog Collaboration among states improves program Ohio BWC Blog Should we really be worried about robots taking over insurance jobs? Insurance Business America Editor’s Note: These links… [Continue Reading]

Best’s Special Report: Workers’ Comp Industry Records Record Premiums in 2016 Despite Potential for Disruption

Oldwick, NJ -(BusinessWire)- The U.S. workers’ compensation sector reported a record high $58.5 billion in direct premiums written in 2016 despite economic, regulatory and legal issues that threaten to reshape the market, according to a new A.M. Best special report. The Best’s Special Report, titled, “Workers’ Compensation: Costs, Legal Activity and Employment Rolls Are Increasing—But So Are Profits,” states that despite the record premiums, year-over-year growth slowed…[Continue Reading]

Workers’ Comp Rate Decrease for Ohio Local Governments Approved

Columbus, OH – Ohio public employers will pay an average of 6.1 percent less in workers’ compensation premiums beginning Jan. 1. The cut will decrease the amount the Ohio Bureau of Workers’ Compensation (BWC) collects from these employers by $11.8 million next year. BWC’s Board of Directors recently voted to accept Administrator/CEO Sarah Morrison’s recommendation to lower rates for Ohio’s 3,700 school districts, cities, counties and other public entities covered by the State Insurance Fund…[Continue Reading]

Lockton Adds Chief Medical Officer

Kansas City, MO – Shealynn Buck, MD, a leading expert in employee wellbeing and improving health outcomes, has joined Lockton Benefit Group in Dallas as Chief Medical Officer. Buck will advise employers on health strategies that improve employee wellbeing, reduce costs and improve productivity. Dr. Buck becomes part of the Lockton Health Risk Solutions team, collaborating with clients to offer state-of-the-art resources that customize health and wellness solutions based on client…[Continue Reading]

VA SCC Names Scott A. White Commissioner of Insurance

Richmond, VA – The State Corporation Commission (SCC) has appointed Scott A. White to serve as Virginia’s 14th Commissioner of Insurance in the 111-year history of the SCC’s regulation of the insurance industry. White assumes the post on January 1, 2018, upon the retirement of Jacqueline K. Cunningham. White is currently the Deputy General Counsel for Financial Services in the SCC’s Office of General Counsel. He has 18 years of service with the Commission in various capacities in…[Continue Reading]

WorkCompRecap: Acquisition Action!

Today’s issue of WorkCompRecap features Paradigm Outcomes recent announcement that it has entered into a definitive agreement to acquire ForeSight Medical. Paradigm expects to combine ForeSight’s suite of surgical management solutions combined with their expertise in complex and catastrophic injuries…[Continue Reading]

CompLinks: 9/28/17

CompLinks are a daily set of pertinent links that we believe will be of interest to our readers. How a Paradigm Case Manager Helped an Injured Worker Beat Chronic Pain – Part 4 Outlook on Outcomes Natural Disasters and Work Injuries WCC’s Work Comp World Reduce workplace injuries with job hazard recognition SFM Simply Work Comp Editor’s… [Continue Reading]

Paradigm Outcomes to Acquire ForeSight Medical

alnut Creek, CA – Paradigm Outcomes, the nation’s leading provider of medical management services for catastrophically injured workers, has entered into a definitive agreement to acquire ForeSight Medical. Together, ForeSight’s suite of surgical management solutions combined with Paradigm’s expertise in complex and catastrophic injuries will form the most comprehensive resource available for high-cost, high-acuity and complex care management. The transaction is expected to close…[Continue Reading]

NSC: Young Safety Professionals Recognized for Extraordinary Contributions to Workplace Safety

Itasca, IL – The National Safety Council is proud to announce its eighth class of NSC Rising Stars of Safety, a group of future leaders dedicated to making workplaces safer. The 43 honorees have promoted a cycle of continuous improvement within their organizations and created initiatives focused on measureable outcomes. “Our Rising Stars are leading the way on safety by taking action every day,” said NSC President and CEO Deborah A.P. Hersman. “Protecting their coworkers means everyone can…[Continue Reading]

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