May 24, 2017

CompPharma Publishes New Paper on Compounds in Workers’ Compensation

CompPharma

Maggie Valley, NC – CompPharma, LLC a consortium of workers’ compensation pharmacy benefit managers, has published its second free research paper on compounding in workers’ compensation entitled “Compounds in Comp: A New Look at Patient Safety, Efficacy and Cost”. Written by pharmacists and public affairs professionals…[Continue Reading]

CA Commissioner Jones Advises WC Insurers Reduce Rates by 16.5%

CA Department of Insurance

Sacramento, CA – Insurance Commissioner Dave Jones adopted and issued a revised advisory pure premium rate, lowering the benchmark to $2.02 per $100 of payroll for workers’ compensation insurance, effective July 1, 2017. This is 16.5 percent less than the average pure premium rate of $2.42 California insurers filed as of January 1, 2017…[Continue Reading]

AlaCOMP Adopts Valen Analytics to Support Workers’ Comp Underwriting

Valen Analytics

Denver, CO – Valen Analytics®, an Insurity company, recently announced a client engagement with AlaCOMP, a Montgomery, AL workers’ compensation self-insurance fund. AlaCOMP will utilize the Predict application of Valen’s InsureRight® Platform to support underwriting decisions with increased business intelligence…[Continue Reading]

Ohio Construction Worker’s Fraud Scheme Collapses

Ohio BWC

Columbus, OH – A Marion man who claimed to be permanently disabled owes the Ohio Bureau of Workers’ Compensation (BWC) $160,000 after pleading guilty to a fourth-degree felony charge of workers’ compensation fraud. Appearing in a Franklin County courtroom, Jimmie Rankin, 45, was also sentenced to five years of community control…[Continue Reading]

Fitch: U.S. Commercial Lines Profitability Deteriorating, WC A Bright Spot

Fitch Ratings

Chicago, IL – The U.S. commercial lines insurance market segment reported its fourth consecutive underwriting profit in 2016, but the combined ratio deteriorated by 4 percentage points to 99% according to a new report from Fitch Ratings. Poor results tied to adverse loss reserve development posted in the last two years by traditional…[Continue Reading]

EMPLOYERS Names Thomas M. Warden Senior VP, Chief Data & Analytics Officer

Employers Insurance

Reno, NV – EMPLOYERS (NYSE: EIG) has named Thomas M. Warden as senior vice president, chief data and analytics officer for EMPLOYERS. Warden brings to EMPLOYERS strong experience in the fields of data and analytics with 30 years in the industry. This position reports directly to the chief operating officer, and is…[Continue Reading]

Ohio Tax Preparer Convicted of Workers’ Comp Fraud

Ohio BWC

Columbus, OH – A Cincinnati-area man who claimed to be permanently disabled from work while earning more than $100,000 preparing tax returns owes the Ohio Bureau of Workers’ Compensation (BWC) nearly $57,000 in restitution. A judge ordered Fernando Cruz, of Maineville in Warren County, to pay BWC $2,000 up front, followed…[Continue Reading]

NCCI State of the Line Highlights Key Indicators of Workers Comp Industry

NCCI Holdings, Inc.

Boca Raton, FL – The National Council on Compensation Insurance (NCCI) recently released its highly anticipated annual State of the Line Guide, the industry’s most extensive workers compensation market analysis. As presented in this year’s State of the Line Report, the workers compensation Calendar Year 2016 combined ratio…[Continue Reading]

Conference Chronicles: NCCI: Moral Imperative of Workers’ Compensation

Conference Chronicles

Orlando, FL – At the 2017 NCCI Annual Issues Symposium, Jonathan Haidt, Professor of Ethical Leadership from NYU Stern School of Business and noted author, discussed the important work done by our industry and our reason for doing it. The Triangle Shirtwaist fire in 1911 is credited with being the rallying point for the present workers’ compensation…[Continue Reading]

MI Doctor Sentenced to 15 Months in Prison for Illegally Prescribing Opioids

US Attorneys Office Seal

Grand Rapids, MI – Acting U.S. Attorney Andrew Birge recently announced that Doctor Horace Junior Davis, age 66, of Albion, Michigan, was sentenced to 15 months in federal prison for illegally prescribing opioid painkillers and committing healthcare fraud. U.S. District Judge Paul L. Maloney also ordered that Dr. Davis pay restitution…[Continue Reading]

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