May 22, 2018

A.M. Best Revises Outlooks to Stable for Stonetrust Commercial Insurance Company

ldwick, NJ -(BusinessWire)- A.M. Best recently revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” of Stonetrust Commercial Insurance Company (Stonetrust) (headquartered in Baton Rouge, LA). The ratings reflect Stonetrust’s balance sheet strength, which A.M. Best categorizes as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management…[Continue Reading]

CWCI Study Tracks Changing Mix of Workers’ Comp Drugs as Opioid Use Declines

Oakland, CA – Opioids remain the most common type of prescription drug used to treat California injured workers with lost-time injuries, but sustained efforts to curb their use are paying off as new data show that in the past decade they fell from about a third of indemnity claim prescriptions to less than a quarter, while there was a concurrent increase in anti-inflammatories and anticonvulsants which are often used as opioid alternatives. A new study by researchers at the California Workers’…[Continue Reading]

Amerisure Insurance’s A (Excellent) Rating Reaffirmed by A.M. Best

Farmington Hills, MI – For the 18th consecutive year, A.M. Best announced it has reaffirmed the financial strength rating of Amerisure Companies as A (Excellent) with a stable outlook. Amerisure received the rating based on its balance sheet strength, operating performance and business profile. “Amerisure continues to be financially strong and focused on providing service second to none to our Partners For Success® agencies and our policyholders,” said Greg Crabb, president and CEO, Amerisure…[Continue Reading]

WCRI Study: Longer-Term Opioid Prescribing Increases Time Away from Work for Injured Workers

Cambridge, MA – Longer-term prescribing of opioids causes substantially longer duration of temporary disability among workers with work-related low back injuries, according to a new study from the Workers Compensation Research Institute (WCRI). Temporary disability is time that workers spend away from work recovering from their work-related injuries. “While medical practice guidelines often advise against routine use of opioids for the treatment of nonsurgical low back injuries, opioid prescribing…[Continue Reading]

CWCI Elects Board Of Directors For 2018

Oakland, CA – Rose Barrett of the Berkshire Hathaway Group was elected Chairman of the Board of Directors of the California Workers’ Compensation Institute (CWCI) for 2018 at the Institute’s 54th annual meeting in Oakland. Ms. Barrett was first elected to the CWCI Board of Directors as a representative of AIG in 2014 and has been a member of the Institute’s Executive Committee since 2015, serving as Vice-Chair in 2017. Joining Ms. Barrett on CWCI’s 2018 Executive Committee will be Martin…[Continue Reading]

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]

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