March 18, 2018

A.M. Best Affirms Pinnacol’s A- Rating

Denver, CO – For the third year in a row, Pinnacol Assurance, Colorado’s leading workers’ compensation insurer, has received an A- (Excellent) rating with a stable outlook from the global credit rating agency A.M. Best. Pinnacol received the rating as a result of its strong financial footing, solid underwriting and operating performance, and leading position in the Colorado workers’ compensation market. A.M. Best also recognized Cake, Pinnacol’s new digital platform for small businesses that come to…[Continue Reading]

WCRI Adds New Conference Session: Ohio’s Success in Reducing Injured Workers at Risk for Opioid Problems

Cambridge, MA – A new and informative session has been added to the agenda for the Workers Compensation Research Institute’s 34th Annual Research & Issues Conference, March 22-23 in Boston, MA. The new session is titled “Saving Lives—Building a Modern Pharmacy Program amid a Deadly Epidemic” and replaces the session “The Effect of Fee Schedules on Access to Care.” “The Ohio Bureau of Workers’ Compensation (OBWC) has taken some important steps to address the opioid issue…[Continue Reading]

CA WCIRB Releases Study on Chronic Opioid Use

Oakland, CA – The WCIRB recently announced the release of its Study of Chronic Opioid Use and Weaning in California Workers’ Compensation. This Study uses data from the WCIRB databases of medical transaction records and unit statistical reports to help understand the cost implications of chronic opioid use and the process of weaning injured workers off of opioids in California workers’ compensation. Key findings of the Study include: Claims involving chronic opioid use cost more than nine times…[Continue Reading]

IAIABC to Explore Telehealth in Work Comp at The Forum 2018

iddleton, WI – As telehealth gains traction in workers’ compensation, state officials are seeking insight into the practice so they can develop a balanced regulatory response. Attendees will explore telehealth practices at a half-day workshop on April 18, 2018 during The IAIABC Forum in Atlanta. The session will stimulate important discussion on administrative, legal, clinical, and security issues. MedRisk, a workers’ compensation physical rehabilitation provider, will begin the program with a simulated physical…[Continue Reading]

WCRI Conference Delves into Future of Work and Impact on Workers’ Compensation

Cambridge, MA – A distinguished panel at the Workers Compensation Research Institute’s 34th Annual Issues & Research Conference, March 22-23, 2018, in Boston, MA, will help the audience look ahead at the fast-changing world of work and the implications of this change for workers’ compensation. “There is a lot of uncertainty about the future of work and the impact it will have on workers’ compensation. This panel will help us see the road ahead and predict how it will impact the workers’ compensation…[Continue Reading]

CWCI Continues Case Law Series with 2018 Update

Oakland, CA – For the twentieth consecutive year, California Workers’ Compensation Institute (CWCI) will present its seminal case law seminar, scheduled in May in both San Francisco and Long Beach. The full-day program will examine how recent trends in decisional law are reshaping California workers’ compensation, and discuss appropriate negotiation and defense strategies for claims personnel, attorneys, hearing reps, and others with negotiating authority. CWCI’s General Counsel Ellen Sims Langille notes…[Continue Reading]

IAIABC Launches Second Annual NextGen Initiative

Middleton, WI – The IAIABC is excited to kick off its second annual NextGen Initiative on Monday, March 5! IAIABC NextGen is an awards program which recognizes individuals under the age of 40 who are having an impact and contributing to their organizations and the workers’ compensation industry. In 2017, 11 individuals received the NextGen award. These individuals had diverse backgrounds and experiences in workers’ compensation, with talents including actuarial work, analytics, coverage, product…[Continue Reading]

CWCI Report Revisits 24-Hour Coverage and Integration with California Workers’ Comp

Oakland, CA – As public policymakers continue to debate the future of healthcare coverage in the U.S., including efforts by the Trump Administration and Congress to repeal and replace the Affordable Care Act and a proposal in California (AB 562) calling for the state to adopt a single-payer, “Medicare-for-All” system, the California Workers’ Compensation Institute (CWCI) has released a white paper that examines the issues, opportunities, and unresolved problems surrounding the integration of…[Continue Reading]

A.M. Best Revises Outlooks to Positive for Employers Holdings, Inc. and Its Subsidiaries

Oldwick, NJ -(BusinessWire)- A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Employers Insurance Company of Nevada, Employers Compensation Insurance Company, Employers Assurance Company and Employers Preferred Insurance Company, collectively referred to as the Employers Insurance Group (Employers). Concurrently, A.M. Best has revised…[Continue Reading]

WCRI: Formulary May Reduce Prescription Drug Costs for Louisiana State Employees

Cambridge, MA – A new FlashReport from the Workers Compensation Research Institute (WCRI) finds that a Texas-like formulary for Louisiana state employees may reduce prescription drug costs by 4 to 28 percent depending on prescribers’ response to the formulary. This would have resulted in a savings of $322 thousand to $2.3 million over the 18-month study period, January 2016 through June 2017. The report, WCRI FlashReport: Texas-Like Formulary for Louisiana State Employees, does not study…[Continue Reading]

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