August 21, 2017

CA WCIRB Releases 2017 State of California Workers’ Comp Insurance System Report

Oakland, CA – The WCIRB recently announced the release of its 2017 State of the California Workers’ Compensation Insurance System (Report). The Report highlights the cost of California workers’ compensation insurance based on premiums paid by insured employers, illustrates how premium dollars are distributed among various system components, details key cost drivers in the system and provides a summary of statewide insurer results. The Report also includes comparisons of components…[Continue Reading]

CA WCIRB Hosting Webinar on 2017 State of the California Workers’ Comp Insurance System

Oakland, CA – The WCIRB recently announced that it will conduct a live webinar on Thursday, August 17, 2017 to discuss its 2017 State of the California Workers’ Compensation Insurance System (Report) which will be released this week and available in the Research section of the WCIRB website. The Report highlights the cost of California workers’ compensation insurance based on premiums paid by insured employers, illustrates how premium dollars are distributed among various system components…[Continue Reading]

A.M. Best Affirms Credit Ratings of American Financial Group, Most of Insurance Subsidiaries

Oldwick, NJ -(BusinessWire)- A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of Great American Insurance Company and its pooling affiliates, collectively referred to as Great American Insurance Companies (Great American). Concurrently, A.M. Best has affirmed the Long-Term ICR of “a-” and the Long-Term Issue Credit Ratings (Long-Term IR) of American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE:AFG]. The outlook…[Continue Reading]

Coventry Releases Part 3 of 2016 First Script Drug Trends Report Series

Downers Grove, IL – Coventry recently announced the release of the third part of its 2016 Drug Trends Series, which is based on all calendar year transactions billed through its PBM Program, First Script, as well as transactions from medical bill review to reflect the total pharmacy experience for their client base. When releasing part one and two, Coventry noted that they are continuing to present data for traditional, managed, and unmanaged views; however, they are now sharing the information in shorter…[Continue Reading]

National Safety Council: 43% of Americans Admit They May Be Too Tired To Function Safely At Work

Itasca, IL – According to a new National Safety Council survey-based report, 43 percent of Americans say they do not get enough sleep to mitigate critical risks that can jeopardize safety at work and on the roads, including the ability to think clearly, make informed decisions and be productive. Eighty-one percent of the probability-based survey respondents have jobs that are at high risk for fatigue – positions that require sustained attention or are physically or cognitively demanding, such as driving a vehicle or…[Continue Reading]

CDC: Opioid Prescribing Still High and Varies Widely Throughout U.S.

Atlanta, GA – The amount of opioids prescribed in the United States peaked in 2010 and then decreased each year through 2015, but remains at high levels and varies from county to county in the U.S., according to the latest Vital Signs report by the Centers for Disease Control and Prevention (CDC). In 2015 six times more opioids per resident were dispensed in the highest-prescribing counties than in the lowest-prescribing counties. This wide variation suggests inconsistent prescribing…[Continue Reading]

WCRI: Longer-Term Dispensing of Opioids to Injured Workers Decreased in Several States

Cambridge, MA – As states institute numerous opioid policies and initiatives to combat the opioid epidemic, a new study from the Workers Compensation Research Institute (WCRI) observed considerable decreases in the prevalence of longer-term dispensing of opioids to injured workers in a number of states studied. The study, Longer-Term Dispensing of Opioids, 4th Edition, examines the prevalence and trends of longer-term dispensing of opioids in 26 state workers’ compensation systems….[Continue Reading]

CWCI Study Analyzes Impact of California’s Proposed Formulary and Drug List

California Workers Compensation Institute (CWCI)

Oakland, CA – More than 30 percent of the prescription drugs currently dispensed to injured workers in California will be classified as “Exempt Drugs” and will no longer require authorization prior to dispensing under conditions outlined in the Workers’ Compensation Prescription Drug Formulary regulations proposed by the state, according to…[Continue Reading]

WCRI Releases Ninth Edition of Free Medical Price Index for Workers’ Comp

WCRI

Cambridge, MA – As policymakers and system stakeholders in many states debate rising medical costs, the Workers Compensation Research Institute (WCRI) has released a new study that helps monitor changes in prices paid for medical professional services as well as the impact of fee schedule and network changes on price trends. The study…[Continue Reading]

WCRI Offering Complimentary Webinar on Latest Worker Outcomes Research

WCRI

Cambridge, MA – The Workers Compensation Research Institute (WCRI) recently announced that it will be hosting a free 45-minute webinar on its most recent research on outcomes for injured workers on Wednesday, August 9, 2017, at 2pm ET (1pm CT; 12pm MT; 11am PT). The outcomes examined include recovery of physical health and…[Continue Reading]

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